Intra abdominal pressure (IAP) measurement devices are medical devices used to calculate the intra-abdominal pressure in patients admitted in intensive care units. IAP monitoring plays an important role in early detection and treatment of dangerous conditions like abdominal compartment syndrome (ACS). The increasing prevalence of chronic illnesses like cardiovascular diseases and rising geriatric population are leading to greater ICU admissions. Elderly patients are more prone to developing conditions requiring IAP monitoring such as acute pancreatitis and bowel obstruction.

The global Intra Abdominal Pressure Measurement Devices Market is estimated to be valued at US$ 106.7 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.

Market Opportunity

Expanding geriatric population is one of the major drivers of the intra abdominal pressure measurement devices market. People aged 65 years and above are more susceptible to acute and chronic medical conditions which may require ICU admission and IAP monitoring. According to the United Nations, the global geriatric population aged 65 years or older is projected to double from 703 million in 2019 to 1.5 billion in 2050. Growing prevalence of chronic diseases among the expanding elderly demographic will drive greater demand for IAP monitoring devices during the forecast period. Adoption of these devices can help timely diagnosis and management of life-threatening conditions in an aging global population.

Porter's Analysis
Threat of new entrants: The threat is moderate as specialised knowledge and high capital investment are required to enter the intra abdominal pressure measurement devices market. However, emerging companies can collaborate with established players to enter the market.

Bargaining power of buyers: The bargaining power of buyers is high as the market has several global players providing similar products. Buyers can negotiate on price and demand additional services.

Bargaining power of suppliers: The bargaining power of suppliers is moderate as raw material and components for manufacturing intra abdominal pressure measurement devices are available from multiple suppliers globally.

Threat of new substitutes: The threat is low as there are limited substitutes available for intra abdominal pressure measurement in monitoring intra-abdominal hypertension.

Competitive rivalry: The market is highly competitive with presence of global and regional players providing innovative products.

SWOT Analysis
Strength: Established distribution channels and brand recognition of key players. Growing ICU admissions and awareness about complications of untreated intra-abdominal hypertension.

Weakness: High cost of advanced devices limits adoption in price sensitive markets. Lack of skilled professionals in developing regions.

Opportunity: Untapped growth potential in Asian and Latin American markets. Launch of portable and less invasive devices.

Threats: Stringent regulatory approvals delay market entry of new products. Reimbursement issues limit revenue generation.

Key Takeaways
The global intra abdominal pressure measurement devices market is expected to witness high growth during the forecast period of 2023 to 2030. The market size is projected to increase from US$ 106.7 Mn in 2023 to US$ 181.5 Mn by 2030 at a CAGR of 16.%.

North America dominates the market currently owing to growing obese population, rising cases of complicated surgeries and expanding healthcare expenditure in the region. However, Asia Pacific market is expected to grow at fastest pace due to increasing medical tourism, rising healthcare standards and growing disposable incomes.

Key players operating in the intra abdominal pressure measurement devices market are CR. Bard, Inc. (Becton, Dickinson, and Company), ConvaTec Group PLC, Stryker Corporation, Biometrix Ltd. (Degania Silicone, Ltd.), Centurion Medical Products (Medline Industries, Inc.), and Potrero Medical. Major players are focused on new product launches and regional expansion strategies to gain higher market shares.