Global Intra-abdominal Pressure Measurement Devices Market to surpass US$ 193.7 Million by 2027, Says Coherent Market Insights (CMI)

According to Coherent Market Insights, the global intra-abdominal pressure measurement devices market is estimated to be valued at US$ 68.2 million in 2020 and is expected to exhibit a CAGR of 16.1% over the forecast period (2020-2027).

Key Trends and Analysis of the Global Intra-abdominal Pressure Measurement Devices Market:

The global intra-abdominal pressure measurement devices market is expected to witness significant growth during the forecast period, owing to factors such as high prevalence of intra-abdominal hypertension (IAH) and launch of novel intra-abdominal pressure measurement devices. For instance, according to a study titled 'Incidence, Risk Factors, and Outcomes of Intra-Abdominal Hypertension in Critically Ill Patients-A Prospective Multicenter Study' published in the journal of Critical Care Medicine in 2019, IAH affected 34.0% of patients (included in the study) on the day of ICU admission and 48.9% of the patients over the course of the observation period.

Moreover, key players are focusing on adoption of inorganic growth strategies such as acquisitions and collaborations, which is expected to drive the market growth during the forecast period. For instance, in June 2019, C2Dx Inc. acquired a product line called 'Intra-Compartmental Pressure Monitoring System' from Stryker Corporation. It is also known as the STIC Monitor, which is considered as the gold standard tool for diagnosing and management of chronic and acute compartment syndrome.

Launch of new and advanced products by market players is expected to drive the market growth during the forecast period. For instance, in December 2016, Centurion Medical Products launched Compass digital pressure transducers, developed to measure and monitor both intra-abdominal pressures (IAP) and pleural abdominal pressure. The Compass is a compact, sterile single use (disposable) device, which provides precise monitoring for abdominal compartment syndrome and intra-abdominal hypertension.

Among region, Asia Pacific is expected to register higher growth rate due to increasing prevalence of chronic diseases and rising ICU admissions, owing to traumatic injuries. According to the WHO Global Report on Road Safety 2018, around 467,044 road accidents were reported in states and union territories (UTs) of India in 2018.

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Key Market Takeaways:

The global intra-abdominal pressure measurement devices market is expected to exhibit a CAGR of 16.1% over the forecast period, owing to approvals of new products by regulatory authorities. For instance, in April 2016, Potrero Medical, Inc. received 510(k) clearance from the U.S. Food & Drug Administration (FDA) for Accuryn Monitoring System, a next-generation diagnostic tool, which provides accurate intra-abdominal pressure (IAP), real-time urine output (UO), and temperature measurement.

The increasing prevalence of abdominal compartment syndrome (ACS) is expected to drive the market growth during the forecast period. According to an article published in BMC Emergency Medicine, in March 2017, prevalence of abdominal compartment syndrome (ACS) in surgical patients in critical care units at Kenyatta National Hospital, Kenya, were reported to be around 4.4%.

Competitive Landscape:

Key players operating in the global intra-abdominal pressure measurement devices market include CR. Bard, Inc. (Becton, Dickinson and Company), ConvaTec Group PLC, Stryker Corporation, Biometrix Ltd. (Degania Silicone, Ltd.), Centurion Medical Products (Medline Industries, Inc.), and Potrero Medical.

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Market Segmentation:

• Intra-abdominal Pressure Measurement Devices Market, By Product Type:
  • Disposables
  • Equipment
• Intra-abdominal Pressure Measurement Devices Market, By Application:
  • Intra-abdominal Hypertension
  • Intra-compartment Pressure
• Intra-abdominal Pressure Measurement Devices Market, By End User:
  • Hospitals
  • Trauma Centers
  • Ambulatory Surgical Centers (ASCs)
  • Clinics
• Intra-abdominal Pressure Measurement Devices Market, By Region:
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • Central Africa
    • North Africa

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200914005456/en/