Pressure Monitoring Market Share, Growth And Future Analysis

[sara James]

The global Pressure Monitoring Market size is expected to reach USD 20.3 billion by 2030, expanding at a CAGR of 8.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. Pressure fluctuations in vital parts of the body often lead to chronic diseases such as glaucoma, cardiac disorders, and respiratory disorders. This has led to high demand for pressure monitoring devices.

According to the American Heart Association, 77.9 million people were suffering from hypertension in the U.S. in 2014. Patients suffering from lifestyle diseases like cardiac disorders are likely to experience hypertension throughout their life. Hence, there is a growing need for pressure monitoring amongst such kind of patients, thereby, increasing the demand for pressure monitoring devices.

Rising geriatric population is another significant driver stimulating the growth of the market. Aging population commonly suffers from hypertension and is highly susceptible to chronic diseases. This age group that experiences cardiac and respiratory diseases is expected to contribute toward the high growth of the pressure monitoring market in the near future.

Technological advancements are also spurring in the market due to the introduction of novel pressure monitoring devices. Many products are connected to smartphones so that people can self-monitor their blood pressure with ease. In addition, key players are manufacturing devices that measure intraocular pressure in order to reduce the risk of glaucoma.

List of Key Players of Pressure Monitoring Market

• Philips Healthcare
• GE Healthcare
• Welch Allyn, Inc.
• Medtronic
• Dragerwerk
• Omron Healthcare Welch Allyn, Inc.
• A&D Medical Inc.
• SunTech Medical, Inc.
• American Diagnostics Corp.
• Withings
• Briggs Healthcare
• Rossmax International Ltd.
• Spacelabs Healthcare Inc.

Related Press Release: Pressure Monitoring Market Report

Pressure Monitoring Market Report Highlights

• The BP monitors/cardiac pressure monitors segment dominated the market in terms of revenue share of 40.8% in 2023 and is anticipated to grow at the fastest CAGR during the forecast period, driven by the increasing prevalence of cardiovascular diseases and hypertension.
• The noninvasive segment dominated the market and accounted for a 54.6% share in 2023 and is anticipated to grow at the fastest CAGR of 9.1%. This surge is fueled by increasing patient preference for noninvasive methods due to their safety, comfort, and reduced risk of complications compared to invasive procedures.
• The cardiac disorders segment held the largest market share of 41.8% in 2023. Factors such as the increasing prevalence of cardiovascular disorders, rising aging populations, and heightened awareness of heart health contribute to this expansion.
• The hospitals dominated the market with the largest revenue share of 41.1% in 2023, due to the rising prevalence of chronic diseases and the increasing need for accurate, continuous patient monitoring.
• The home monitoring segment is expected to experience the fastest CAGR over the forecast period.
• North America dominated the market and accounted for a 39.5% share in 2023, driven by the rising prevalence of hypertension and high blood pressure.

Pressure Monitoring Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 12.5 billion
Revenue forecast in 2030	USD 20.3 billion
Growth rate	CAGR of 8.4% from 2024 to 2030
Actual data	2018 - 2023
Forecast period	2024 - 2030

 

Pressure Monitoring Market Segmentation

Grand View Research has segmented global pressure monitoring market report based on product, procedure, application, end-use, and region:

Pressure Monitoring Product Outlook (Revenue, USD Million, 2018 - 2030)

• BP Monitors/Cardiac Pressure Monitors
• • Device

• • • Automated BP Monitors
    • Ambulatory BP Monitors
    • Sphygmomanometers
    • BP Transducers
  • Accessories
  • • BP Cuffs
    • Manometers
    • Valves and Tubings
    • Bulbs
• Pulmonary Pressure Monitors
• • Device
  • • Oximeters
    • Capnographs
    • Spirometers
  • Accessories
  • • Flanged Mouth Pieces
    • Nasal Probes & Plugs
    • Filters
• Intraocular Pressure Monitors
• • Device
  • Accessories
  • • Prisms
    • Tip Covers
    • Sensors
• Intracranial Pressure Monitors

Pressure Monitoring Procedure Outlook (Revenue, USD Million, 2018 - 2030)

• Noninvasive
• Invasive

Pressure Monitoring Application Outlook (Revenue, USD Million, 2018 - 2030)

• Respiratory Disorders
• Glaucoma
• Cardiac Disorders
• Neurological Disorders
• Dialysis
• Others

Pressure Monitoring End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Home Care Settings
• Ambulatory Surgical Centers and Clinics
• Diagnostic Laboratories
• Others

Pressure Monitoring Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
• • U.S.
  • Canada
  • Mexico
• Europe
• • UK
  • Germany
  • France
  • Italy
  • Spain
  • Denmark
  • Sweden
  • Norway
• Asia Pacific
• • Japan
  • China
  • India
  • Australia
  • South Korea
  • Thailand
• Latin America
• • Brazil
  • Argentina
• MEA
• • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

Explore Horizon, the world's most expansive market research database