Rising incidence of compartment syndrome and intra-abdominal hypertension (IAH) is predicted to drive market expansion globally. Additionally, the market is being driven by the increasing frequency of trauma cases, sports injuries, and other chronic illnesses. A significant number of the general population is said to be suffering from a chronic compartment syndrome illness, according to the National Centers for Biotechnology Information (NCBI). The demand for effective compartment syndrome monitoring equipment is driven by a population that is sickly to a high degree. Additionally, the introduction of fresh modalities and the development of novel equipment are expected to support market growth. Compartment Syndrome Monitoring Devices by the market players are some of the factors driving the growth of Compartment Syndrome Monitoring Devices Market. According to the NCBI report, by 2021, roughly 75% of cases of acute compartment syndrome involve fractures.
According to Marketlook Consulting’s research report “Global Compartment Syndrome Monitoring Devices Market Analysis, 2021”, the Global Compartment Syndrome Monitoring Devices market is anticipated to grow at a CAGR 5.6% during 2022-29. The market would reach to USD 336.35 Mn by 2029.
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Based on Type, the Equipment segment acquired a significant market share in 2021 due to current developments in compartment syndrome monitoring technology. For example, Millar, Inc. created the Mikro-Cath, a cutting-edge pressure monitoring technique that is increasingly used to track compartment syndrome. This device provides doctors with high-fidelity pressure evaluation to deliver effective and accurate pressure signals that support and facilitate the diagnosis of compartment syndrome. The industry environment for compartment syndrome monitoring devices is anticipated to be favourably impacted by such fresh advancements, which offer greater precision and ease of use.
Based on Syndrome Type, Abdominal Compartment Syndrome acquired a considerable market share in 2021. Abdominal compartment syndrome is typically diagnosed with a rise in abdominal cavity pressure. This increase may cause multiorgan dysfunction, increasing the likelihood of increased mortality and morbidity rates. According to the Annals of Intensive Care publication, the prevalence of abdominal compartment syndrome was roughly 3.6% in 2020, while the prevalence of IAH was nearly 33% in the same cohort
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Based on End-Users, Hospitals acquired an exorbitant market share in 2021. IAH has a direct impact on abdominal organs such as the liver and kidney, and it has the potential to cause organ malfunction. The issue is becoming more common among mechanically ventilated patients. Hospitals provide an effective and practical method for measuring and validating intra-abdominal pressure. As a result, an increase in ICU admissions is expected to support hospital segment growth in the future years.
“Global Compartment Syndrome Monitoring Devices Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Compartment Syndrome Monitoring Devices providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
North America Dominated the Market
Based on Leading regions, North America dominated the global Compartment Syndrome Monitoring Devices market in 2021 and is projected to maintain its dominance during the forecasted period 2022-29 due to the rise in chronic disease incidence, traumatic event injuries, and the country's presence of major market players. The Fatality Analysis Reporting System (FARS) of the U.S. Department of Transportation estimates that more than 35,000 fatal motor vehicle accidents took place in the country in 2020. For some of these individuals, accidents are classified as high-energy trauma events that contribute to the occurrence of compartment syndrome. It is anticipated that these unfavourable incidents involving unintentional traumatic injuries will accelerate the uptake of compartment syndrome monitoring technology throughout the nation. Therefore, it is anticipated that the aforementioned variables will boost compartment syndrome monitoring devices market statistics in the US.are projected to fuel the demand for Compartment Syndrome Monitoring Devices in the forthcoming period as stated in Marketlook Consulting research report “Global Compartment Syndrome Monitoring Devices Market Analysis, 2021”.
According to Marketlook Consulting’, the key players with a considerable market share in the global Compartment Syndrome Monitoring Devices market are MY01, Inc., Medline Industries, ConvaTec. Inc., Centurion Medical Products, Becton, Dickinson & Company, Millar, Inc., Potrero Medical, Biometrix, Compass.
1. By Type (Disposables, Equipment)
2. By Syndrome Type (Chronic Compartment Syndrome, Acute Compartment Syndrome, Abdominal Compartment Syndrome)
3. By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa)
4. By End Users (Hospitals, Ambulatory Surgical Centres, Orthopaedic Office-Based Clinics)
5. By Company (MY01, Inc., Medline Industries, ConvaTec. Inc., Centurion Medical Products, Becton, Dickinson & Company, Millar, Inc., Potrero Medical, Biometrix, Compass)
Key questions answered in the study:
1. What are the current and future trends of the Compartment Syndrome Monitoring Devices industry?
2. How the industry has been evolving in terms of type and syndrome type?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Compartment Syndrome Monitoring Devices industry?
5. What is the customer orientation, purchase behavior, and expectations from the Compartment Syndrome Monitoring Devices firms across various regions?
Marketlook Consulting is a world market intelligence and consulting firm that aims to offer business insights and market research reports to large as well as small & medium scale enterprises (SMEs). The company helps its clients to design business strategies and policies and accomplish sustainable growth in their relevant market area.
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