Data Bridge Market Research Has Added a New Market Report on "Global Pressure Monitoring Devices Market – Analysis and Forecast 2012 – 2020"

Dallas, TX, February 17, 2016 --(PR.com)-- The pressure monitoring market is expected to reach USD 8.5 billion by 2020 from USD 6.1 billion in 2015, at a CAGR of 5.2%. The major factors driving the growth of this market are the increasing urbanization resulting into increased pollution levels, rising prevalence of chronic diseases and acute diseases, changing lifestyle, growing aging population, and technological advancements. On the other hand, high cost of technological development, concerns regarding the accuracy of these devices, short shelf life of devices, availability of low-cost devices from the local market, and lack of training for using the devices may hinder the growth of the market.

Blood pressure monitoring device forms the fastest-growing segment, projected to reach USD 2.9 billion by 2020 from USD 2.1 billion in 2015, at a CAGR of 5.3%. The increased growth in the market is characterized by the enhanced technological development and innovation, increase in self-monitoring among the patients in the homecare settings, wide usage of noninvasive blood pressure monitoring. The intraocular pressure monitoring segment is expected to command 25.2% of the pressure market in 2015. This segment is poised to reach USD 2.1 billion by 2020 from USD 1.7 billion in 2015, at a CAGR of 4.1% during the forecast period.

Based on end users, the market is categorized into hospitals, home care settings, ASCs & clinics, diagnostic laboratories, and other end users. The hospitals segment is expected to command the largest share of 71.1% of the pressure monitoring market in 2015. The non-invasive procedure segment is expected to account for the largest share of 83.1% of the pressure monitoring market in 2015.

The high share of this segment is attributed to the increasing preference towards self-monitoring, and rising adoption of noninvasive pressure monitoring, and high incidence of infections caused due to the use of invasive pressure monitoring. Based on region, the pressure monitoring market is divided into North America, Europe, Asia, and the Rest of the World (RoW). North America is expected to account for the largest market share in 2015. This market is poised to witness the highest growth due to the technological advancements, increasing incidences of traumatic brain injuries, rising use of telemedicine, and increasing preference for treatment within the homecare settings.

Some of the prominent players in the pressure monitoring market are Philips Healthcare, Medtronic, GE Healthcare, Welch Allyn, and Becton, Dickinson and Company among others.

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