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Compartment Syndrome Monitoring Devices Market worth over $280mn by 2027

  • Published Date: January 4, 2022

Compartment Syndrome Monitoring Devices Market size is set to surpass USD 280 million by 2027, according to a new research report by Global Market Insights Inc.
 

The rising incidence of compartment syndrome attributed to the surge in several precursors is projected to promote the market. Compartment syndrome can occur without any traumatic event, however, it usually occurs post long bone fracture and tibial fractures. The majority of the compartment syndrome cases are related to fractures. The rise in the number of fractures is set to propel the market growth in the coming years. Several other conditions such as soft tissue injuries, vascular injuries, drug overdoses, reperfusion injuries, and bleeding disorders among others have the potential to lead to compartment syndrome. Further, the tibial shaft fracture proliferates the incidence of compartment syndrome, as they are commonly reported in high-energy trauma events including road accidents.
 

Technological advancements in compartment syndrome monitoring devices to boost the market expansion

Technological advancements in compartment pressure monitoring devices and the emergence of an integrative approach for driving the functionality & accuracy are poised to foster the compartment syndrome monitoring devices market progression. The use of novel diagnostic approach such as radiofrequency identification (RFID) implants, near-infrared spectroscopy (NIRS), and biomarker analysis is set to promote the user preference. The proliferated user preference is expected to promote the acceptance rate for compartment pressure monitoring devices that will prove beneficial for the industry growth.
 

The development of these technologies has assisted in early diagnosis, thereby helping in opting for effective therapeutics and improving clinical outcomes. These developments are slated to stimulate the adoption rates of compartment syndrome monitoring devices. Advents in non-invasive pressure monitoring have led to the development of portable and convenient systems, designed for diagnosing compartment syndrome. The system integrates a wireless module, smartphone, and mHealth technology, specifically, for continuous monitoring of compartment pressure in patients.
 

Rising preference for single-use and disposable medical supplies will spur the market value

Global Compartment Syndrome Monitoring Devices Market Share By Product

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The disposables segment in the compartment syndrome monitoring devices market is anticipated to witness 8.1% growth rate through 2027 led by the growing preference for single-use and disposable medical supplies. Disposable medical supplies offer better protection against contamination and reduce the risk associated with hospital-acquired infection (HAI). The immediate usage and increasing demand for environmentally friendly solutions to accelerate the disposables market share.
 

Disposable supplies provide better cost efficiency and reduce reprocessing time. The acceptance of novel and effective technological breakthroughs in manufacturing further contributes in developing and producing higher quality instruments at lower costs. Moreover, these supplies form an indispensable component of compartment syndrome monitoring devices, and would increase with the adoption of the equipment.
 

Browse key industry insights spread across xx pages with 176 market data tables & 16 figures & charts from the report, “Compartment Syndrome Monitoring Devices Market Size By Product (Disposables, Equipment), By Syndrome Type (Acute Compartment Syndrome, Chronic Compartment Syndrome, Abdominal Compartment Syndrome), By End-use (Hospitals, Clinics), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/compartment-syndrome-monitoring-devices-market

 

High prevalence of chronic compartment syndrome to promote the segment growth

The compartment syndrome monitoring devices market for chronic compartment syndrome segment valued at more than USD 39 million in 2020 owing to the high prevalence of chronic compartment syndrome. Chronic compartment syndrome also called chronic exertional compartment syndrome (CECS) majorly affects athletes that participate in repetitive loading or exertional activities such as long-distance running, basketball, football, and other activities.
 

Increasing preference and steady shift towards clinics will facilitate the segment progression

The clinics segment held 29% of the compartment syndrome monitoring devices market share in 2020 impelled by the increasing preference and steady shift towards clinics. The demand for these healthcare facilities is increasing due to the high utilization rate of advanced compartment syndrome monitoring devices. Additionally, the change in preference attributed to multiple benefits offered by clinics such as immediate assistance and affordable medical services have significantly impacted the industry value. Medical clinics are considered as a feasible option in the case of preventive care and effective chronic disease management due to low waiting periods.
 

Growing number of sports injuries in UK to fuel the market demand

UK compartment syndrome monitoring devices market captures 18% of revenue share in 2020 and is estimated to attain a CAGR of 7.9% till 2027. This substantial industry expansion is credited to the increase in the number of sports injuries & traumatic incidents that promote the prevalence of compartment syndrome. The rise in the prevalence of sports injuries leading to trauma and fractures are thus set to drive the demand for compartment syndrome monitoring devices in the country, as the affected people are at a higher risk of developing compartment syndrome.
 

Prominent players are focusing on strategic initiatives and novel product launches to expand business operations

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

Authors: Sumant Ugalmugale, Rupali Swain