Global & Austria Pressure Monitoring Devices Market to 2033
Description
The Austrian market for pressure monitoring devices is significantly influenced by the country's sophisticated healthcare system, an aging population, and a forward-thinking digital health strategy. There is a robust demand for accurate and dependable monitoring solutions that not only cater to traditional clinical environments but also align with the increasing shift towards home-based and remote healthcare services.
As of December 2024, Austria is witnessing notable demographic changes, with approximately 19.8% of its population aged 65 and older. This figure is projected to reach 20.0% by mid-2025, indicating a steady increase in the elderly demographic. Additionally, the median age of the population is expected to rise to 43.6 years by 2025. This aging trend is closely linked to a higher incidence of chronic noncommunicable diseases (NCDs), especially cardiovascular diseases and hypertension, which are significant factors driving the demand for pressure monitoring devices.
To address these healthcare challenges, Austria is implementing key initiatives aimed at enhancing patient care. One of the most significant developments is the extensive rollout of electronic health records (EHRs), which aim to consolidate information regarding medications, diseases, laboratory results, and imaging outcomes. In 2025, pilot projects are set to be launched that will focus on health applications designed for patients suffering from chronic conditions. These applications may even be prescribed by healthcare professionals, paving the way for the integration of digital pressure monitoring solutions into everyday medical practice. Notably, software solutions are projected to play a crucial role in this market, representing approximately 45% of the overall demand.
The financial backing and regulatory environment in Austria provide a solid foundation for the growth of the pressure monitoring device sector. Recent estimates suggest that healthcare spending in Austria reached €57.03 billion in 2024, which constitutes about 11.8% of the country's gross domestic product (GDP). This figure marks an 8.0% increase from the previous year, highlighting a trend of rising investment in healthcare. Public funding accounts for a substantial 76.3% of total healthcare expenditure, with notable increases across various sectors, including hospitals, medical practices, long-term care facilities, and therapeutic devices.
As a member of the European Union, Austria adheres to the rigorous EU Medical Device Regulation (MDR) (Regulation (EU) 2017/745), which governs the safety and efficacy of medical devices. The Austrian Federal Office for Safety in Health Care (BASG) oversees the regulation of medical devices, ensuring compliance and conducting market surveillance. Events such as the LISAvienna Regulatory Affairs Conference 2025, scheduled for October 15, 2025, will focus on the latest developments regarding the MDR, the In Vitro Diagnostic Regulation (IVDR), and the implications of the AI Act for medical devices. These events highlight the ongoing commitment to regulatory compliance and innovation within the healthcare sector.
The combination of substantial healthcare investment, a clear strategy for digital health advancement, and strict adherence to EU regulations creates a conducive environment for the expansion of the pressure monitoring device market in Austria. As the population continues to age and the prevalence of chronic diseases rises, the need for effective monitoring solutions will only grow. This presents a significant opportunity for manufacturers and healthcare providers to develop and implement advanced pressure monitoring technologies that can enhance patient outcomes and streamline healthcare delivery.
In summary, the Austrian market for pressure monitoring devices is poised for growth, driven by demographic changes, an increase in chronic diseases, and a commitment to digital health solutions. The integration of electronic health records and the potential for certified health applications to be prescribed by doctors will further facilitate the adoption of innovative monitoring technologies. With strong healthcare funding and a robust regulatory framework, Austria is well-positioned to lead in the development and implementation of pressure monitoring devices that meet the needs of its aging population.
As of December 2024, Austria is witnessing notable demographic changes, with approximately 19.8% of its population aged 65 and older. This figure is projected to reach 20.0% by mid-2025, indicating a steady increase in the elderly demographic. Additionally, the median age of the population is expected to rise to 43.6 years by 2025. This aging trend is closely linked to a higher incidence of chronic noncommunicable diseases (NCDs), especially cardiovascular diseases and hypertension, which are significant factors driving the demand for pressure monitoring devices.
To address these healthcare challenges, Austria is implementing key initiatives aimed at enhancing patient care. One of the most significant developments is the extensive rollout of electronic health records (EHRs), which aim to consolidate information regarding medications, diseases, laboratory results, and imaging outcomes. In 2025, pilot projects are set to be launched that will focus on health applications designed for patients suffering from chronic conditions. These applications may even be prescribed by healthcare professionals, paving the way for the integration of digital pressure monitoring solutions into everyday medical practice. Notably, software solutions are projected to play a crucial role in this market, representing approximately 45% of the overall demand.
The financial backing and regulatory environment in Austria provide a solid foundation for the growth of the pressure monitoring device sector. Recent estimates suggest that healthcare spending in Austria reached €57.03 billion in 2024, which constitutes about 11.8% of the country's gross domestic product (GDP). This figure marks an 8.0% increase from the previous year, highlighting a trend of rising investment in healthcare. Public funding accounts for a substantial 76.3% of total healthcare expenditure, with notable increases across various sectors, including hospitals, medical practices, long-term care facilities, and therapeutic devices.
As a member of the European Union, Austria adheres to the rigorous EU Medical Device Regulation (MDR) (Regulation (EU) 2017/745), which governs the safety and efficacy of medical devices. The Austrian Federal Office for Safety in Health Care (BASG) oversees the regulation of medical devices, ensuring compliance and conducting market surveillance. Events such as the LISAvienna Regulatory Affairs Conference 2025, scheduled for October 15, 2025, will focus on the latest developments regarding the MDR, the In Vitro Diagnostic Regulation (IVDR), and the implications of the AI Act for medical devices. These events highlight the ongoing commitment to regulatory compliance and innovation within the healthcare sector.
The combination of substantial healthcare investment, a clear strategy for digital health advancement, and strict adherence to EU regulations creates a conducive environment for the expansion of the pressure monitoring device market in Austria. As the population continues to age and the prevalence of chronic diseases rises, the need for effective monitoring solutions will only grow. This presents a significant opportunity for manufacturers and healthcare providers to develop and implement advanced pressure monitoring technologies that can enhance patient outcomes and streamline healthcare delivery.
In summary, the Austrian market for pressure monitoring devices is poised for growth, driven by demographic changes, an increase in chronic diseases, and a commitment to digital health solutions. The integration of electronic health records and the potential for certified health applications to be prescribed by doctors will further facilitate the adoption of innovative monitoring technologies. With strong healthcare funding and a robust regulatory framework, Austria is well-positioned to lead in the development and implementation of pressure monitoring devices that meet the needs of its aging population.
Table of Contents
131 Pages
- 1. Introduction
- 1.1 Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Insights
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Data Triangulation and Validation:
- 4. Austria Pressure Monitoring Devices Market Landscape
- 4.1 Overview
- 4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain
- 5. Pressure Monitoring Devices Market Key Market Dynamics
- 5.1 Pressure Monitoring Devices Market – Key Market Dynamics
- 5.2 Market Drivers
- 5.3 Market Restraints
- 5.4 Market Opportunities
- 5.5 Future Trends
- 5.6 Impact of Drivers and Restraints
- 6. Austria Pressure Monitoring Devices Market – Analysis
- 6.1 Austria Pressure Monitoring Devices Market Revenue (US$ Million), 2022–2033
- 6.2 Austria Pressure Monitoring Devices Market Revenue and Forecast Analysis
- 7. Austria Pressure Monitoring Devices Market Analysis – by Product
- 7.1 Austria Pressure Monitoring Devices Market – Revenue and Forecast, 2022–2033 (US$ Million) – by Product
- 8. Austria Pressure Monitoring Devices Market Analysis – by Application
- 8.1 Austria Pressure Monitoring Devices Market – Revenue and Forecast, 2022–2033 (US$ Million) – by Application
- 9. Austria Pressure Monitoring Devices Market Analysis – by End User
- 9.1 Austria Pressure Monitoring Devices Market – Revenue and Forecast, 2022–2033 (US$ Million) – by End User
- 10. Competitive Landscape
- 10.1 Heat Map Analysis by Key Players
- 10.1 Company Positioning and Concentration
- 11. Industry Landscape
- 11.1 Overview
- 11.2 Market Initiative
- 11.2 Partnerships and Collaborations
- 11.2 Other Developments
- 12. Company Profiles
- 12.1 Becton Dickinson and Co
- 12.1. 1 Key Facts
- 12.1. 2 Business Description
- 12.1. 3 Products and Services
- 12.1. 4 Financial Overview
- 12.1. 5 SWOT Analysis
- 12.1. 6 Key Developments
- 12.2 Baxter International Inc
- 12.2. 1 Key Facts
- 12.2. 2 Business Description
- 12.2. 3 Products and Services
- 12.2. 4 Financial Overview
- 12.2. 5 SWOT Analysis
- 12.2. 6 Key Developments
- 12.3 Dragerwerk AG & Co KGaA
- 12.3. 1 Key Facts
- 12.3. 2 Business Description
- 12.3. 3 Products and Services
- 12.3. 4 Financial Overview
- 12.3. 5 SWOT Analysis
- 12.3. 6 Key Developments
- 12.4 Omron Healthcare Inc
- 12.4. 1 Key Facts
- 12.4. 2 Business Description
- 12.4. 3 Products and Services
- 12.4. 4 Financial Overview
- 12.4. 5 SWOT Analysis
- 12.4. 6 Key Developments
- 12.5 Medtronic Plc
- 12.5. 1 Key Facts
- 12.5. 2 Business Description
- 12.5. 3 Products and Services
- 12.5. 4 Financial Overview
- 12.5. 5 SWOT Analysis
- 12.5. 6 Key Developments
- 12.6 Koninklijke Philips NV
- 12.6. 1 Key Facts
- 12.6. 2 Business Description
- 12.6. 3 Products and Services
- 12.6. 4 Financial Overview
- 12.6. 5 SWOT Analysis
- 12.6. 6 Key Developments
- 12.7 GE HealthCare Technologies Inc
- 12.7. 1 Key Facts
- 12.7. 2 Business Description
- 12.7. 3 Products and Services
- 12.7. 4 Financial Overview
- 12.7. 5 SWOT Analysis
- 12.7. 6 Key Developments
- 12.8 Integra LifeSciences Holdings Corp
- 12.8. 1 Key Facts
- 12.8. 2 Business Description
- 12.8. 3 Products and Services
- 12.8. 4 Financial Overview
- 12.8. 5 SWOT Analysis
- 12.8. 6 Key Developments
- 12.9 Abbott Laboratories
- 12.9. 1 Key Facts
- 12.9. 2 Business Description
- 12.9. 3 Products and Services
- 12.9. 4 Financial Overview
- 12.9. 5 SWOT Analysis
- 12.9. 6 Key Developments
- 12.10 Terumo Corp
- 12.10. 1 Key Facts
- 12.10. 2 Business Description
- 12.10. 3 Products and Services
- 12.10. 4 Financial Overview
- 12.10. 5 SWOT Analysis
- 12.10. 6 Key Developments
- 13. Appendix
- 13.1 About Business Market Insights
- 13.2 List of Abbreviations
- TABLE OF TABLES
- Table 1. Austria Pressure Monitoring Devices Market Segmentation
- Table 2. List of Vendors
- Table 3. Austria Pressure Monitoring Devices Market – Revenue, 2022–2024 (US$ Million)
- Table 4. Austria Pressure Monitoring Devices Market – Revenue Forecast, 2025–2033 (US$ Million)
- Table 5. Austria Pressure Monitoring Devices Market – Revenue, 2022–2024 (US$ Million) – by Product
- Table 6. Austria Pressure Monitoring Devices Market – Revenue Forecast, 2025–2033 (US$ Million) – by Product
- Table 7. Austria Pressure Monitoring Devices Market – Revenue, 2022–2024 (US$ Million) – by Application
- Table 8. Austria Pressure Monitoring Devices Market – Revenue Forecast, 2025–2033 (US$ Million) – by Application
- Table 9. Austria Pressure Monitoring Devices Market – Revenue, 2022–2024 (US$ Million) – by End User
- Table 10. Austria Pressure Monitoring Devices Market – Revenue Forecast, 2025–2033 (US$ Million) – by End User
- Table 11. List of Abbreviations
- TABLE OF FIGURES
- Figure 1. Impact Analysis of Drivers and Restraints
- Figure 2. Austria Pressure Monitoring Devices Market Revenue, (US$ Million), 2022–2033
- Figure 3. Heat Map Analysis by Key Players
- Figure 4. Company Positioning and Concentration
Search Inside Report
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
