Pressure Monitoring Line Market Scope
Pressure monitoring lines are the lines used for extending medical tubing and pressure monitoring. These lines are used for high-pressure monitoring and connection between the syringe infusion pump and the patient. They are generally made from non-toxic medical grade PVC. They come with universal male Luer lock and female Luer lock at either end to ensure a secure fit all standard equipment. They are generally used to monitor invasive blood pressure.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | B. Braun (Germany), Narang Medical Limited (India), ASCO Medical (India), APEX MEDICAL DEVICES (India), C. R. Bard, Inc. (United States), MedNet GmbH (Germany) and Smiths Medical, Inc. (United States) |
CAGR | % |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Pressure Monitoring Line market throughout the predicted period.
B. Braun (Germany), Narang Medical Limited (India), ASCO Medical (India), APEX MEDICAL DEVICES (India), C. R. Bard, Inc. (United States), MedNet GmbH (Germany) and Smiths Medical, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are ArcRoyal (Ireland) and EnsureMed Equipments Ltd (Zambia).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Pressure Monitoring Line market by Type and Region with country level break-up.
On the basis of geography, the market of Pressure Monitoring Line has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In September, 2022 ,B. Braun Medical Inc. (B. Braun), a leader in infusion therapy and pain management, announced today it has acquired the innovative Clik-FIX catheter securement device portfolio from Starboard Medical, Inc. B. Braun’s acquisition builds on the company’s history of product and program innovation to improve the patient experience and outcomes with peripheral intravenous (IV) therapy.
In April 2023, Continental has launched the production of Tire Pressure Monitoring System (TPMS) for passenger cars, at its Bangalore plant. With the localization of TPMS, Continental is steadfast in its commitment to supporting the local OEMs in India. In the next three years, Continental aims to rapidly scale up the TPMS production capacity.
Influencing Trend:
Advancements in the Construction of Pressure Monitoring Lines and Increasing Demand for Disposable Pressure Monitoring Lines
Market Growth Drivers:
High Demand from Hospitals and Clinics, Increased Number of Online Pharmacies and Rise in the Healthcare Infrastructure in Developing Regions
Challenges:
Stringent Government Rules and Regulations
Restraints:
Fluctuations in the Raw Material Prices and Lack of Skilled Professionals
Opportunities:
Increased Investments by Major Players and Growth in the Healthcare Industry Worldwide
Key Target Audience
Pressure Monitoring Line Manufacturers, Raw Material Suppliers, Distributors and End-users