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Intra-abdominal pressure (IAP) measurement plays a vital role in the diagnosis and management of critically ill patients, including those with conditions such as abdominal compartment syndrome. Intra-abdominal pressure measurement devices offer various advantages over traditional intravesical bladder pressure measurement techniques, such as improved accuracy, objectivity, and ease of use. Intra-abdominal pressure measurement devices find wide application in surgical intensive care units, emergency departments, and operating rooms for monitoring patient status and guiding clinical decisions.
The global Intra Abdominal Pressure Measurement Devices Market is estimated to be valued at US$ 106.7 Mn in 2023 and is expected to exhibit a CAGR of 16.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Technological advancements are a key trend driving growth of the intra-abdominal pressure measurement devices market. Major companies are focusing on development of novel devices with enhanced features such as improved accuracy, reliability, ease of use and less invasive nature compared to traditional techniques. For instance, ConvaTec Group launched an intra-abdominal pressure measurement platform ‘Gusto’ in 2019, featuring a reusable monitor and single-use pressure transducers for accurate measurements. Similarly, MED TRONIC introduced a miniature solid-state intra-abdominal sensor in 2021 which can continuously monitor pressures for over 7 days through a convenient patient wearable system. Such innovative devices are enhancing clinical outcomes and enabling widespread adoption especially in critical care units.
Porter’s Analysis
Threat of new entrants: The intra abdominal pressure measurement devices market has moderate threat of new entrants due to high capital requirements for R&D and manufacturing facilities.
Bargaining power of buyers: Buyers have high bargaining power in this market due to the availability of substitutes and established key players.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of alternative raw material suppliers in the industry.
Threat of new substitutes: Threat from substitute products is low as there are limited substitute options for intra abdominal pressure measurement.
Competitive rivalry: The competitive rivalry in the market is high due to the presence of few large players and many small players.
Key Takeaways
The global intra abdominal pressure measurement devices market is expected to witness high growth. The North America region currently dominates the market and is expected to maintain its dominance over the forecast period. Factors such as increasing ICU admissions, growing prevalence of chronic diseases and technological advancements are expected to drive the growth of intra abdominal pressure measurement devices market in North America.
The European region is expected to grow at a significant rate during the forecast period. This is mainly attributed to the rising demand for critical care, increase in number of surgical procedures and growing elderly population in countries like Germany, U.K and Italy.
Key players operating in the intra abdominal pressure measurement devices are 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. CR Bard dominates the market due to its robust product portfolio and strong geographical presence across the globe. Stryker Corporation holds second position and is focusing on inorganic growth strategies to strengthen its product offerings.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
