Electronic systems intended to monitor and report pressure levels in a variety of applications are included in the Pressure Monitoring System (PMS) market. The market primarily serves passenger automobiles and commercial vehicles, with a concentration on tire pressure monitoring systems (TPMS) for vehicles. Utilizing sensors, TPMS keep an eye on each tire’s inflation level and notify drivers when a tire is underinflated, which can result in reduced fuel efficiency, premature tire wear, and even blowouts. The market is expected to develop due in large part to growing safety concerns, government rules requiring TPMS in new vehicles across regions, and an increase in the number of vehicles on the road. In addition to TPMS, industrial environments such as oil and gas pipelines and hydraulic machinery also require pressure monitoring systems.
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Top Leading Key players:
- Philips Healthcare (The Netherlands)
- GE Healthcare (UK)
- Weich Allyn inc. (US)
- 3F Medical Systems (China)
- A&D Company Limited (Japan)
- Medtronic (US)
- Drägerwerk AG & Co KGaA (Germany)
- Omron Healthcare, Inc. (Japan)
- Hill-Rom Holdings, Inc. (US)
- Nihon Kohden Corporation (Japan)
- Koninklijke Philips N.V. (Netherlands)
- Masimo (US)
- Beurer GmbH (Germany)
- GE Healthcare (General Electric Company) (US)
- American Diagnostic Corporation (Europe)
- SunTech Medical Inc. (US) and Other Major Players.
Market has segmented the global Pressure Monitoring System Market on the basis of type, application, and region:
By Device Type
- Blood Pressure
- Intraocular Pressure
- Intracranial Pressure
By Application
- Respiratory
- Glaucoma
- Dialysis
By End-User
- Hospitals
- Ambulatory Surgical Centers
- Diagnostic
- Others
By Region
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of SA)
Market Drivers:
The market for pressure monitoring systems (PMS) is driven by several forces coming together. One key factor is the strict safety standards that require TPMS in all new automobiles across all regions. Furthermore, consumer demand for TPMS is increasing in non-mandated markets due to increased knowledge of road safety, the negative impact of underinflated tires on fuel efficiency, and the short lifespan of tires. In addition, a wider consumer base for PMS is being created by the growth of the commercial vehicle industry and the increase in vehicle ownership worldwide. The market is being driven by developments in sensor technology and the growing requirement for remote monitoring solutions in industrial settings, which go beyond consumer trends and regulations.
Key Industry Developments in the Pressure Monitoring System Market
In February 2022, In Body has introduced an autonomous blood pressure monitor that may be used at home. In body has come out with a brand-new automatic blood pressure monitor called the BP 170. This monitor gives consumers the choice to self-record and keeps track of important health metrics in their own homes. The new device, which employs the oscillometric approach, is capable of correctly monitoring a person’s diastolic and systolic blood pressure as well as their pulse rate on a daily basis. The new In Body BP 170 at-home device can be used by attaching the one-touch cuff to one of your arms and beginning the reading with the press of a button.
In May 2021, Biobeat, a global leader in wearable remote patient monitoring solutions for the healthcare continuum, launched its new wearable and continuous ambulatory blood pressure monitoring (ABPM) chest-monitoring device. ABPM stands for ambulatory blood pressure monitoring, and it monitors a patient’s blood pressure while they move around.
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