February 21, 2024
Compartment Syndrome Monitoring Devices Market

The Rise Of Wearable Compartment Syndrome Monitoring Devices Is Anticipated To Openup The New Avenue For Compartment Syndrome Monitoring Devices Market

Market Overview:

Compartment syndrome monitoring devices are used to detect elevated pressures within fascial compartments in limbs. These pressures if increased can lead to damage of muscles, nerves and, in severe cases, amputation. Compartment syndrome monitoring devices measure intra-compartmental pressures continuously and provide real-time alerts when pressures rise above defined thresholds. These devices consist of sensors placed over the compartment of interest, connected to a monitor unit that displays pressures. Readings help physicians in prompt diagnosis and treatment.

The compartment syndrome monitoring devices market was valued at US$ 203.7 Mn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023-2030, as highlighted in a new report published by CoherentMI.\

Market Dynamics:

Growing prevalence of acute compartment syndrome following injuries or surgeries is a key driver for the market. According to a study, compartment syndrome occurs in approximately 1 in 1000 injuries to the lower leg involving fractures. Increasing adoption of wearable monitoring devices in hospitals is also augmenting market growth. Real-time pressure monitoring and alerts facilitate timely medical intervention and improved outcomes for patients at risk of compartment syndrome. However, high costs associated with these medical devices and limited reimbursement in some regions pose challenges to market players.

Segment Analysis

The compartment syndrome monitoring devices market is dominated by the intra-compartmental pressure monitoring (ICP) devices sub-segment due to its high accuracy and ability to continuously monitor pressure changes. ICP devices provide real-time monitoring and are considered the gold standard for diagnosis of acute compartment syndrome by directly measuring tissue pressure.

Global Compartment Syndrome Monitoring Devices Market Segmentation

  • By Product Type
  • Intra Compartmental Pressure Monitoring System
  • Intramuscular Tissue Pressue Monitoring Catheters
  • Accessories
  • By Indication
  • Acute compartment syndrome
  • Chronic compartment syndrome
  • By End User
  • Hospitals
  • Ambulatory Surgical Centers
  • Others
  • By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

PEST Analysis

Political: The market is positively impacted by favorable government policies and initiatives aimed at expanding healthcare facilities and infrastructure development across major countries.

Economic: Rising healthcare expenditures and increasing insurance coverage are driving demand for advanced compartment syndrome monitoring devices across regions.

Social: Growing public awareness about benefits of early diagnosis and treatment of compartment syndrome is augmenting market growth.

Technological: introduction of innovative wireless monitoring devices integrated with mobile apps and cloud-based services for remote patient monitoring is accelerating revenue opportunities.

Key Takeaways

The global Compartment Syndrome Monitoring Devices Market Size was valued at US$ 203.7 Mn in 2023 and is expected to reach US$ 380.4 Mn by 2030, exhibiting a CAGR of 8.6% during the forecast period. The growing incidence of accidents, sports injuries, and peripheral vascular diseases resulting in compartment syndrome is primarily augmenting market growth.

The North American region dominates the market and is forecast to maintain its leading position during the projected period. This is attributed to the rising health expenditures, presence of major players, and favorable reimbursement policies in countries like the US and Canada.

Key players operating in the compartment syndrome monitoring devices are C2DX, Inc., MY01, Inc, RAUMEDIC, Becton, Dickinson and Company, Potrero Medical, Perimed AB. C2DX and Perimed are considered leaders as they offer a wide range of advanced continuous and wireless monitoring devices. They are focusing on partnerships and new product launches to strengthen their market position.

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FAQ’s

Q.1 What will the market development pace of the Compartment Syndrome Monitoring Devices Market?

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*Note:
1.       Source: CoherentMI, Public sources, Desk research
2.       We have leveraged AI tools to mine information and compile it