Compartment Syndrome Monitoring Devices Market size is set to surpass USD 349 million by 2030, according to a new research report by Global Market Insights Inc.
The increasing prevalence of compartment syndrome owing to the rise in numerous precursors is anticipated to drive the market value. Compartment syndrome is increasingly diagnosed among individuals suffering with tibial & long bone fractures. Also, tibial shaft fracture propels the occurrence of compartment syndrome, as this condition is increasingly documented in high-energy trauma incidents including road accidents. Thus, the surge in prevalence of fractures is expected to boost the demand for compartment syndrome monitoring devices.
Technological advancements in compartment syndrome monitoring devices will spur the compartment syndrome monitoring devices market expansion
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.
Rising preference for single-use and disposable medical supplies will augment the compartment syndrome monitoring devices market outlook
Disposables segment is anticipated to witness 8.2% CAGR from 2022 to 2030 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.
Browse key industry insights spread across 130 pages with 175 market data tables & 16 figures & charts from the report, “Compartment Syndrome Monitoring Devices Market Analysis By Product (Disposables, Equipment), Syndrome Type (Acute Compartment Syndrome, Chronic Compartment Syndrome, Abdominal Compartment Syndrome), End-use (Hospitals, Clinics), Industry Analysis Report, Regional Outlook, Application Development Potential, Competitive Market Share & Forecast, 2022 – 2030” in detail along with the table of contents:
High prevalence of chronic compartment syndrome will propel the market trends
Chronic compartment syndrome segment surpassed USD 41 million in 2021 and is likely to register 7.9% CAGR from 2022 to 2030. 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.
Increasing preference and steady shift towards clinics will stimulate the compartment syndrome monitoring devices market statistics
Clinics segment accounted for 29% revenue share in 2021 and is projected to progress at 8.1% 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.
Rising prevalence of sports injuries in UK will accelerate the industry progression
UK compartment syndrome monitoring devices market is predicted to register 8% CAGR during the analysis timeframe. This is attributed to the rise in occurrence of sports injuries & traumatic events that drive the prevalence of compartment syndrome. Moreover, the anterior cruciate ligament (ACL) injuries have proliferated by 400%. Such injuries represent major precursors that promotes the incidence of acute and chronic compartment syndrome. This increased incidence is projected to boost the compartment syndrome monitoring devices acceptance rate.
Prominent players are focusing on strategic initiatives and novel product launches to expand business operations
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.