Intra Abdominal Pressure Measurement Devices Market Trends: Monitoring the Future of Abdominal CarePosted by Roger on January 5th, 2024 Intra abdominal pressure measurement devices are medical devices used to measure pressure inside the abdominal cavity or intra-abdominal hypertension for effective management of critically ill patients. The devices are commonly used in emergency departments, operating rooms and intensive care units for monitoring patients undergoing or recovering from abdominal surgeries. With rising prevalence of chronic diseases leading to complex surgeries and injuries, monitoring intra-abdominal pressure is important for early detection of life-threatening complications. The global Intra Abdominal Pressure Measurement Devices Market is estimated to be valued at US$ 106.07 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. Threat of new entrants: Low capital requirements and established distribution channels lower barriers to entry. However, strong intellectual property protection and customer loyalty to existing brands reduces the threat. Bargaining power of buyers: Large healthcare providers and group purchasing organizations are able to negotiate lower prices from suppliers. However, lack of substitutes keeps bargaining power in check. Bargaining power of suppliers: A few major medical device companies dominate supplies, giving them stronger negotiating power over prices. However, this is balanced by their reliance on repeat business. Threat of new substitutes: No significantly cheaper or more effective alternatives currently exist to directly replace IAP measurement devices. Competitive rivalry: Major players compete on technology enhancements, product portfolios and customer service. This intense competition keeps prices low and encourages innovation. Strengths: Growing obese and aging populations increase need for abdominal pressure monitoring in surgery. Advancing technologies enhance accuracy and usability. Weaknesses: High device and disposables costs are a budget concern for hospitals. Limited clinical evidence dampens demand and reimbursement rates. Opportunities: Rising incidence of intra-abdominal hypertension in ICU patients opens an emerging market. Adoption in non-operating room settings can expand reach. Threats: Stringent regulatory approvals delay product launches. Reuse of disposables and sensor-sharing impacts revenues. Like it? Share it!More by this author |