Market Overview:
The global pressure monitoring kits market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of chronic diseases, rising geriatric population, and technological advancements in pressure monitoring devices. Based on type, the global pressure monitoring kits market is segmented into single channel kits, double channel kits, and triple channel kits. Single channel kit segment dominates the global pressure monitoring kit market due to its low cost and easy availability as compared to other types of Kits. Based on application, hospitals are expected to dominate the global pressure monitoring kit market owing to increase in number of surgeries performed in hospitals across different regions worldwide.
Product Definition:
A pressure monitoring kit is a device used to monitor the pressure inside a container. The importance of pressure monitoring kits varies depending on the application, but in many cases it is critical to ensure that the container does not exceed its safe operating pressure.
Single Channel Kits:
Single channel kits are used for measuring the pressure in one direction only. They are widely used in medical and industrial applications. The market is expected to grow at a CAGR of XX% from 2017 to 2024 on account of increasing demand for single-channel kits from various end-use industries such as oil & gas, automotive, aerospace & defense and construction among others.
Double Channel Kits:
Double channel kits are used in pressure monitoring kits to measure the flow of liquid or gas in two independent channels simultaneously. One of the important applications is for measuring oxygen flow rate in an emergency situation where a single breath sample is taken and it has to be analyzed within a short time period. The other application includes blood/plasma/serum analysis, urine analysis, and breath alcohol testing which requires two independent channels for analyzing different samples at the same time.
Application Insights:
The others application segment includes industrial, healthcare and food processing plants. The growing need for process control in these industries to improve production efficiency is expected to drive the demand for GPMKs over the forecast period. In addition, hospitals and clinics are expected to be among the fastest-growing segments owing to increasing awareness about pressure monitoring devices and their benefits.
Hospitals were estimated as one of the largest revenue generating centers in 2017 due largely to high product adoption across various applications such as anesthesia management, fluid management, respiratory care management, pain management & critical care monitoring among others. Furthermore, an increase in hospital construction across regions coupled with a rise in prevalence of chronic diseases is anticipated fuel industry growth over the forecast period.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of well-established healthcare infrastructure, high patient awareness levels coupled with relatively higher disposable income. The region is expected to continue its dominance over the forecast period. Europe held a significant share in terms of revenue and is expected to grow at a lucrative rate during the forecast period due to rising investments by major players for developing innovative products and increasing their geographical reach.
Asia Pacific pressure monitoring kit market is anticipated to witness rapid growth over the forecast period owing to improving healthcare facilities, growing target population base along with increasing government initiatives & spending on hospital equipment & construction projects especially in India, China.
Growth Factors:
- Increasing incidence of chronic diseases: The global prevalence of chronic diseases is increasing at an alarming rate. This is primarily because of the changing lifestyles and dietary habits of people across the world. According to a study by the World Health Organization (WHO), non-communicable diseases such as heart disease, stroke, cancer, and diabetes accounted for 63% of all deaths in 2012. This number is expected to rise to 73% by 2030. Pressure monitoring kits can help in early diagnosis and treatment of these conditions, which will help reduce their impact on patients’ lives.
- Growing awareness about hypertension: Hypertension or high blood pressure is a leading cause of death and disability worldwide. In fact, it accounts for more than 9 million deaths each year according to the World Health Organization (WHO). However, there is growing awareness about this condition among people around the world due to increased education campaigns by health organizations such as WHO and American Heart Association (AHA). As a result, demand for pressure monitoring kits is expected to grow in coming years.
- Technological advancements: The pressure monitoring kit market has seen significant advancements in recent years with respect to technology used for measuring blood pressure levels accurately .This has helped boost adoption rates among consumers globally .Some key technological advancements that have taken place include introduction of automated devices ,use if Bluetooth technology etc .Further innovations are likely over next few years which would propel growth prospects for this market segment .
Scope Of The Report
Report Attributes
Report Details
Report Title
Pressure Monitoring Kits Market Research Report
By Type
Single Channel Kits, Double Channel Kits, Triple Channel Kits
By Application
Hospitals, Clinics, Others
By Companies
Edwards Lifesciences, Smiths Medical, ICU Medical, Merit Medical Systems, B. Braun, Argon Medical, Biosensors International, Shenzhen Antmed, Utah Medical Products, George Philips, Edwards Lifesciences, Ace Medical, Lepu Medical, DeRoyal Industries, SCW Medicath, Copper Medical Technology, Guangdong Baihe Medical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Pressure Monitoring Kits Market Report Segments:
The global Pressure Monitoring Kits market is segmented on the basis of:
Types
Single Channel Kits, Double Channel Kits, Triple Channel Kits
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Edwards Lifesciences
- Smiths Medical
- ICU Medical
- Merit Medical Systems
- B. Braun
- Argon Medical
- Biosensors International
- Shenzhen Antmed
- Utah Medical Products
- George Philips
- Edwards Lifesciences
- Ace Medical
- Lepu Medical
- DeRoyal Industries
- SCW Medicath
- Copper Medical Technology
- Guangdong Baihe Medical
Highlights of The Pressure Monitoring Kits Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Channel Kits
- Double Channel Kits
- Triple Channel Kits
- By Application:
- Hospitals
- Clinics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Pressure Monitoring Kits Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A pressure monitoring kit (PMK) is a collection of sensors and associated equipment used to measure atmospheric pressure, typically in industrial or research settings.
Some of the major players in the pressure monitoring kits market are Edwards Lifesciences, Smiths Medical, ICU Medical, Merit Medical Systems, B. Braun, Argon Medical, Biosensors International, Shenzhen Antmed, Utah Medical Products, George Philips, Edwards Lifesciences, Ace Medical, Lepu Medical, DeRoyal Industries, SCW Medicath, Copper Medical Technology, Guangdong Baihe Medical.
The pressure monitoring kits market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pressure Monitoring Kits Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Pressure Monitoring Kits Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pressure Monitoring Kits Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Pressure Monitoring Kits Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Pressure Monitoring Kits Market Size & Forecast, 2018-2028
4.5.1 Pressure Monitoring Kits Market Size and Y-o-Y Growth
4.5.2 Pressure Monitoring Kits Market Absolute $ Opportunity
Chapter 5 Global Pressure Monitoring Kits Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Pressure Monitoring Kits Market Size Forecast by Type
5.2.1 Single Channel Kits
5.2.2 Double Channel Kits
5.2.3 Triple Channel Kits
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Pressure Monitoring Kits Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Pressure Monitoring Kits Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pressure Monitoring Kits Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Pressure Monitoring Kits Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Pressure Monitoring Kits Analysis and Forecast
9.1 Introduction
9.2 North America Pressure Monitoring Kits Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Pressure Monitoring Kits Market Size Forecast by Type
9.6.1 Single Channel Kits
9.6.2 Double Channel Kits
9.6.3 Triple Channel Kits
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Pressure Monitoring Kits Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Pressure Monitoring Kits Analysis and Forecast
10.1 Introduction
10.2 Europe Pressure Monitoring Kits Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Pressure Monitoring Kits Market Size Forecast by Type
10.6.1 Single Channel Kits
10.6.2 Double Channel Kits
10.6.3 Triple Channel Kits
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Pressure Monitoring Kits Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Pressure Monitoring Kits Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Pressure Monitoring Kits Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Pressure Monitoring Kits Market Size Forecast by Type
11.6.1 Single Channel Kits
11.6.2 Double Channel Kits
11.6.3 Triple Channel Kits
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Pressure Monitoring Kits Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Pressure Monitoring Kits Analysis and Forecast
12.1 Introduction
12.2 Latin America Pressure Monitoring Kits Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Pressure Monitoring Kits Market Size Forecast by Type
12.6.1 Single Channel Kits
12.6.2 Double Channel Kits
12.6.3 Triple Channel Kits
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Pressure Monitoring Kits Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Pressure Monitoring Kits Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Pressure Monitoring Kits Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Pressure Monitoring Kits Market Size Forecast by Type
13.6.1 Single Channel Kits
13.6.2 Double Channel Kits
13.6.3 Triple Channel Kits
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Pressure Monitoring Kits Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Pressure Monitoring Kits Market: Competitive Dashboard
14.2 Global Pressure Monitoring Kits Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Edwards Lifesciences
14.3.2 Smiths Medical
14.3.3 ICU Medical
14.3.4 Merit Medical Systems
14.3.5 B. Braun
14.3.6 Argon Medical
14.3.7 Biosensors International
14.3.8 Shenzhen Antmed
14.3.9 Utah Medical Products
14.3.10 George Philips
14.3.11 Edwards Lifesciences
14.3.12 Ace Medical
14.3.13 Lepu Medical
14.3.14 DeRoyal Industries
14.3.15 SCW Medicath
14.3.16 Copper Medical Technology
14.3.17 Guangdong Baihe Medical
