Pressure Monitoring Market - Emerging Trends | Global Future Forecasts


Posted March 28, 2018 by mmvaidya01

The pressure monitoring market is expected to reach USD 8,040.6 Million by 2020 from USD 6,300.0 Million in 2015, growing at a CAGR of 5.0% from 2015 to 2020.

 
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The pressure monitoring market is expected to reach USD 8,040.6 Million by 2020 from USD 6,300.0 Million in 2015, growing at a CAGR of 5.0% from 2015 to 2020.

Pressure monitoring market offers a favorable approach for monitoring of various kinds of pressures in the different parts of the body. Pressure monitoring plays an important role in detecting the health problems of a patient. The major fluctuations of pressure in the vital areas of the body may cause various chronic and acute diseases such as diabetes, cardiac arrest, and glaucoma.

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Factors such as rising prevalence of chronic and acute diseases increase in the aging population, new product launches, and technological advancements are driving the growth of this market. On the other hand, high cost of technological advancements, lack of trained professionals, accuracy of the devices and short shelf life is hindering the growth of this market.

North America dominates the market, accounting for a major market share in 2014. Factors such as increasing prevalence of chronic and acute diseases such as hypertension and cardiac diseases, technological advancements, acceptability of the non-invasive pressure monitors among the patients, and existence of key market players in North America are driving the growth of this market.

Prominent players in the market include Philips Healthcare (The Netherlands), GE Healthcare (U.K.), Welch Allyn, Inc. (U.S.), Medtronic (U.S.), and Drägerwerk AG & Co. KGaA (Germany).

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Issued By MarketsandMarkets
Country India
Categories Health , Research , Science
Tags pressure monitoring market
Last Updated March 28, 2018