The global Compartment Syndrome Monitoring Devices Market was valued at USD 176.0 Million in 2022 and it is anticipated to grow up to USD 409.7 Million by 2032, at a CAGR of 8.8% during the forecast period.
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The compartment syndrome monitoring devices refer to medical equipment that is employed for monitoring the compartmental pressure that assists in detection of compartment syndrome. These devices are specialized equipment that are increasingly employed in monitoring acute, chronic, and abdominal compartment syndrome.
Market Trends and Drivers
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.
Market Restraints and Challenges
Some of the market obstacles include a scarcity of experienced specialists and significant investment costs, as well as legal and ethical concerns about the market methods and outcomes in numerous nations.
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Global Compartment Syndrome Monitoring Devices Market Segmentation
By Product
- Disposables
- Equipment
By Technology
- Acute Compartment Syndrome
- Chronic Compartment Syndrome
- Abdominal Compartment Syndrome
By Application
- Hospitals
- Clinics
- Others
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Major Players in the Global Compartment Syndrome Monitoring Devices Market
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.
COVID-19 Impact:
During the initial phase of the COVID-19 outbreak, the industry witnessed remarkable growth owing to rising instances of trauma in coronavirus-infected patients. Hospitals observed a hike in compartment syndrome, thereby propelling product demand.
Moreover, major industry players have been focusing on product advancements and strategic partnerships & mergers to improve their presence in the competitive landscape. For instance, in October 2021, MY01, Inc., a medical device company, received breakthrough device designation by FDA for its MY01 continuous compartment pressure monitor that enables full Bluetooth capabilities to effectively treat or manage compartment syndrome.
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