Compartment Syndrome Monitoring Devices Market

Compartment Syndrome Monitoring Devices Market

Compartment Syndrome Monitoring Devices Market to Reach US$ 409.7 Million by 2032, driven by increasing investments in research-based projects and growing alliances among leading companies and research centers for drug discovery, and increasing inclination toward next-generation sequencing methods for identifying, treating, and monitoring chronic diseases: Global Insight Services

New York, March 2023: According to a new research study by Global Insight Services (GIS), the global Compartment Syndrome Monitoring Devices Market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 409.7 Million by 2032.

The compartment syndrome monitoring devices refer to medical equipment that is employed for monitoring the compartmental pressure that assists in detection of compartment syndrome. These devices are specialized equipment that are increasingly employed in monitoring acute, chronic, and abdominal compartment syndrome.

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Compartment Syndrome Monitoring Devices Market: Key Trends and Drivers

Technological developments in compartment pressure monitoring devices and the advent of a collaborative technique for promoting the operationality & precision of these devices will foster the business landscape. Better understanding of the pathophysiology of compartment syndrome and notable developments in compartment syndrome monitoring devices have improved the diagnosis of compartment syndrome & is expected to reduce the disease morbidity. The application of innovative diagnostic modalities including near-infrared spectroscopy (NIRS), radiofrequency identification (RFID) implants, and biomarker analysis is estimated to fuel the user preference.

The emergence of RFID implants, a novel technology that employs radio frequency electromagnetic waves for transferring data would assist the clinicians. Hence, the RFID sensors are in demand and being used in compartment syndrome monitoring devices. Furthermore, the product development and commercialization by major market players is set to prove beneficial for market growth.

Compartment Syndrome Monitoring Devices Market: Restraints & Challenges

Some of the market obstacles include a scarcity of experienced specialists and significant investment costs, as well as legal and ethical concerns about the market methods and outcomes in numerous nations.

Compartment Syndrome Monitoring Devices Market Report Findings

The disposable segment is likely to hold a dominant Compartment Syndrome Monitoring Devices Market share and grow at a substantial CAGR during the forecast period.

Based on Product, the market is bifurcated into Disposables, and Equipment. Disposables segment is anticipated to witness xx% CAGR from 2022 to 2032 due to the rising preference for single-use and disposable equipment. Disposable medical supplies lower the risk concerned with hospital-acquired infection (HAI) by delivering better protection against transmission and contamination. The increasing usage and surged demand for sustainable medical solutions will stimulate the market share.

The Chronic compartment syndrome segment is anticipated to hold a majority of the Compartment Syndrome Monitoring Devices Market size throughout the study period.

Based on the syndrome type, the market is bifurcated into Acute Compartment Syndrome, Chronic Compartment Syndrome, and Abdominal Compartment Syndrome. Chronic compartment syndrome segment surpassed USD xx million in 2022 and is likely to register xx% CAGR from 2022 to 2032. This is owing to the substantial prevalence of chronic compartment syndrome. This is also known as chronic exertional compartment syndrome (CECS) that refers to a condition that majorly occurs due to exertional or repetitive loading activities. CECS is commonly profound among athletes such as long-distance runners, football players, skiers, and basketball players.

The Clinics segment is anticipated to hold a majority of the Compartment Syndrome Monitoring Devices Market size throughout the study period.

Based on the end-use, the market is bifurcated into Hospitals, Clinics, and Others. Clinics segment accounted for xx% revenue share in 2022 and is projected to progress at % CAGR during the forecast period. This is pertaining to the surging preference and steady transition towards clinics. The demand for these healthcare settings is surging with high application rate of novel compartment syndrome monitoring devices. Furthermore, the shift in the preference towards clinics due to several advantages including rapid assistance and cost-effective services have substantially impacted the segment growth. Clinics are regarded as a preferable alternative for preventive care and effective management of chronic conditions as they feature low waiting periods.

The North America region is estimated to exhibit the highest growth rate during the Compartment Syndrome Monitoring Devices Market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Among regional markets, the North America market accounted for the largest revenue share in the global market in 2022. North America has a large regional market in terms of revenue. The increasing prevalence of genetic and chronic disorders, such as cancer, the aging population, the growing demand for targeted and personalized medicine, and favorable government initiatives are the primary factors behind the growth of the whole-exome sequencing market. According to the updates in October 2022, HIV affects around 1.2 million persons in the United States. In the United States, in 2020, 30,635 persons were diagnosed with HIV. Thus, the growing burden of infectious diseases is expected to increase in demand for its diagnosis, thereby boosting the market’s growth over the forecast period.

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Competitive Landscape

Some of the major players operating in the compartment syndrome monitoring devices industry are Millar, Inc., MY01, Inc., Critical Care Diagnostics (C2DX), Inc., Potrero Medical, Medline Industries, Becton, Dickenson, and Company, and ConvaTec. These players are involved in mergers & acquisitions, partnerships, and distribution agreements to gain competitive advantage over their competitors.

Recent Developments in the Blood-Brain Barrier Market:

  • In September 2022: Potrero Medical received FDA Breakthrough Device Designation for their AKI Predict machine learning algorithm, for the advanced prediction of acute kidney injury (AKI) associated with IAH in cardiac post-surgical intensive care patients.
  • In July 2022: Sentinel Medical Technologies launched TraumaGuard Monitoring Device, a hands-free monitoring device designed to continuously measure real-time IIP and Core Body Temperature (CBT) in critical care patients.
  • In March 2022, C2Dx, another industry leader, announced the acquisition of Hemostatix Medical Technologies LLC, a medical device specialist. The acquisition complemented C2Dx’s plans to enhance the delivery of niche medical products around the world.

Compartment Syndrome Monitoring Devices Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global Compartment Syndrome Monitoring Devices Market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future Compartment Syndrome Monitoring Devices Market potential from 2021 to 2031 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Compartment Syndrome Monitoring Devices Market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global kidney stones management market.

Global Compartment Syndrome Monitoring Devices Market Segmentation

By Product

  • Disposables
  • Equipment

By Technology

  • Acute Compartment Syndrome
  • Chronic Compartment Syndrome
  • Abdominal Compartment Syndrome

By Application

  • Hospitals
  • Clinics
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of World
    • Latin America
    • Middle East
    • Africa

Key Players

  • Millar, Inc.
  • MY01, Inc.
  • Critical Care Diagnostics (C2DX), Inc.
  • Potrero Medical
  • Medline Industries
  • Boston Scientific Corporation
  • Becton, Dickenson, and Company
  • ConvaTec.
  • Hemostatix Medical Technologies LLC,
  • Biometrix Ltd. (3i Group plc)