Market Size – The coronary pressure market size has grown strongly in recent years. It will grow from $15.81 billion in 2023 to $17.38 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to the rising incidence of cardiovascular diseases, increasing demand for coronary pressure monitoring, increasing awareness of heart health, and rising healthcare expenditure.
The coronary pressure market size is expected to see rapid growth in the next few years. It will grow to $25.45 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to the rising prevalence of coronary artery disease (CAD), the growing geriatric population, the increasing adoption of minimally invasive procedures, and increasing awareness about early disease detection. Major trends in the forecast period include technological advancements, increased cost-effective treatment, improved healthcare access, and launches of new products and services.
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Scope Of Coronary Pressure MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Coronary Pressure Market Overview
Market Drivers –The rising prevalence of cardiovascular diseases is anticipated to drive the growth of the coronary pressure market going forward. Cardiovascular diseases encompass a group of disorders affecting the heart and blood vessels, including conditions such as coronary artery disease, hypertension, and heart failure, often linked to lifestyle factors and genetics. The increasing rates of cardiovascular diseases are driven by several factors, including unhealthy diets, sedentary lifestyles, and the growing prevalence of obesity. Coronary pressure devices play a vital role in assessing and managing cardiovascular diseases by measuring coronary artery pressures, which aids in guiding treatment decisions and improving outcomes for patients with heart conditions. For instance, in August 2022, a study published in the Journal of the American College of Cardiology indicated that all four cardiovascular risk factors are expected to rise among the general U.S. population between 2025 and 2060, with diabetes showing the highest projected increase of 39.3%, followed by dyslipidemia at 27.6%, hypertension at 25.1%, and obesity at 18.3%. The anticipated increases in heart failure (33.4%) and ischemic heart disease (30.7%) rates, along with heart attack (16.9%) and stroke (33.8%), further underscore the urgency of addressing cardiovascular health. Therefore, the increasing prevalence of cardiovascular diseases is driving the coronary pressure market.
Market Trends – Major companies operating in the coronary pressure market are focusing on developing innovative products, such as advanced ambulatory blood pressure monitoring (ABPM) kits, to enhance patient care and management of cardiovascular diseases. Ambulatory blood pressure monitoring (ABPM) kits are non-invasive diagnostic tools designed to measure blood pressure continuously over 24 hours. For instance, in May 2021, Biobeat Technologies, an Israel-based medical equipment manufacturer, launched a revolutionary continuous ambulatory blood pressure monitoring (ABPM) device that operates without the traditional cuff. This innovative chest-worn monitor allows patients to track their blood pressure, heart rate, mean arterial pressure, cardiac output, and systemic vascular resistance throughout their daily activities, providing a comprehensive view of their cardiac health. The device is designed for easy self-setup at home, eliminating the need for medical personnel during installation, and it delivers real-time data directly to patients’ smartphones via an app, while physicians can access detailed reports through an online platform.
The coronary pressure market covered in this report is segmented –
1) By Device: Sphygmomanometer, Automated Blood Pressure Monitor, Blood Pressure (BP) Transducers, Ambulatory Blood Pressure Monitor
2) By Technology: Digital, Aneroid, Wearable
3) By End User: Hospitals, Cardiac Care Centers, Ambulatory Centers And Homecare, Academic Institutes
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Regional Insights – North America was the largest region in the coronary pressure market in 2023. The regions covered in the coronary pressure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies in the market are Cardinal Health Inc., General Electric Company, Abbott Laboratories, Medtronic plc, Siemens Healthineers, Koninklijke Philips, Baxter International Inc., Boston Scientific Corporation, Philips Healthcare, Terumo Corporation, Omron Corporation, Edwards Lifesciences, Zoll Medical Corporation, Nihon Kohden Corporation, LivaNova plc, AtriCure, Rossmax, A&D Medical, St. Jude Medical, HeartWare International
Table of Contents 1. Executive Summary2. Coronary Pressure Market Report Structure3. Coronary Pressure Market Trends And Strategies4. Coronary Pressure Market – Macro Economic Scenario5. Coronary Pressure Market Size And Growth…..27. Coronary Pressure Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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