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), Industry Analysis Report, Regional Outlook, Covid-19 Impact Analysis, Application Potential, Competitive Market Share & Forecast, 2022 - 2030
The compartment syndrome monitoring devices market is projected to witness massive growth by 2030 due to high prevalence of compartment syndrome and intra-abdominal hypertension (IAH). In addition, rapid R&D in the field of monitoring devices is also likely to boost market growth over the forecast period.
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.
To cite another instance, in March 2022, C2Dx, another industry leader, announced the acquisition of Hemostatix Medical Technologies LLC, a medical device specialist. The acquisition complemented C2Dx’s plans to enhance the delivery of niche medical products around the world.
The compartment syndrome monitoring devices market has been bifurcated on the basis of end-use, product, syndrome type, and region.
In terms of product, the compartment syndrome monitoring devices industry has been split into equipment and disposables. The disposables segment held a significant market share in 2021 with a valuation of around $44 million and is set to exhibit robust growth over 2022-2030. Novel advancements in devices are expected to drive segmental adoption through the analysis period.
With regards to syndrome type, the industry has been divided into abdominal compartment syndrome, chronic compartment syndrome, and acute compartment syndrome. In 2021, the compartment syndrome monitoring devices market share from the abdominal compartment syndrome segment was valued at over $60 million and is slated to progress with a considerable growth rate over the review timespan due to soaring prevalence of IAH and abdominal compartment syndrome.
The compartment syndrome monitoring devices industry has been segregated from the end-use perspective into clinics, hospitals, and others. The hospitals segment is poised to reach around $161 million in revenue by the end of 2030. Growing incidences of compartment syndrome among high-risk patients seeking treatment at emergency and intensive care units in hospitals are anticipated to accelerate segmental growth.
In the regional framework, the Latin America compartment syndrome monitoring devices market recorded a valuation of more than $10 million in 2021 and is estimated to exhibit remarkable growth through the assessment timeline. Surging occurrences of compartment syndrome, IAH, and increasing product adoption across the region are speculated to bolster market uptake in LATAM in the coming years.
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