Global & Norway Pressure Monitoring Devices Market to 2033
Description
The market for pressure monitoring devices in Norway is a dynamic and expanding sector, driven by several key factors including a robust healthcare system, an aging population, a high prevalence of chronic illnesses, and a strong inclination towards digital health and remote care solutions. The future of this market appears promising, with a clear need for high-quality, accurate, and integrated monitoring devices that cater to both clinical settings and the growing trend of home-based care.
One of the primary catalysts for growth in this market is the demographic shift towards an older population in Norway. By 2025, it is estimated that approximately 19.08% of the population will be classified as elderly, specifically those aged 65 and older. This demographic is expected to more than double the number of younger individuals by the year 2053. Such a significant increase in the elderly population is likely to result in a higher prevalence of age-related chronic diseases, including hypertension, cardiovascular disorders, and chronic respiratory conditions.
The rapid adoption of homecare services and remote patient monitoring (RPM) is another crucial element transforming the landscape of the pressure monitoring devices market. Norway has established itself as a frontrunner in telehealth, particularly in efforts to minimize waiting times for patients. A study conducted by the WHO Regional Office for Europe, in collaboration with the Norwegian Centre for E-health Research, underscores this achievement. Furthermore, the Norwegian government has allocated a substantial NOK 3.25 billion in its 2025 budget to create around 1,500 continuous care placements for the elderly, which presents a significant opportunity for companies that provide patient monitoring systems.
Technological advancements and strategic initiatives in digital health are propelling the market forward. The Norwegian government has set aside NOK 225.2 million for digital health solutions in its 2025 state budget, indicating a deliberate move towards integrated healthcare technologies. Norway is recognized as a leader in the digital health arena, benefiting from extensive national health databases that are accessible for research through the Norwegian Institute of Public Health. Key trends anticipated in telehealth by 2025 include the enhanced integration of artificial intelligence (AI), the development of more adaptable hybrid care models, and improvements in remote monitoring capabilities, as highlighted by Healthcare Transformers.
The supportive role of the government, coupled with significant healthcare funding and evolving regulations for medical devices, creates a solid foundation for market growth. In terms of regulatory developments, Norway is set to join the EU Health Technology Assessment Regulation (HTAR) framework starting January 12, 2025. Initially, the focus of Joint Clinical Assessments (JCAs) will be on pharmaceuticals, with assessments for medical devices expected to commence in 2026. This transition implies a more rigorous evaluation process and a standardized approach to assessing new medical technologies, including pressure monitoring devices, for market entry and reimbursement.
The combination of strong financial support, a commitment to digital innovation, and a comprehensive regulatory framework makes the pressure monitoring devices market in Norway particularly attractive and poised for evolution. As the healthcare landscape continues to adapt to the needs of an aging population and the increasing demand for home-based care solutions, the market for pressure monitoring devices is likely to see significant advancements and opportunities for growth.
In summary, the Norwegian pressure monitoring devices market is characterized by its sophisticated infrastructure and the proactive measures taken by the government to enhance healthcare delivery. The aging population, coupled with the rise in chronic diseases, necessitates the development and deployment of advanced monitoring technologies. The emphasis on telehealth and remote monitoring solutions is reshaping how healthcare is delivered, making it more accessible and efficient. With ongoing investments in digital health and a supportive regulatory environment, the market is well-positioned for future growth, catering to the evolving needs of patients and healthcare providers alike.
One of the primary catalysts for growth in this market is the demographic shift towards an older population in Norway. By 2025, it is estimated that approximately 19.08% of the population will be classified as elderly, specifically those aged 65 and older. This demographic is expected to more than double the number of younger individuals by the year 2053. Such a significant increase in the elderly population is likely to result in a higher prevalence of age-related chronic diseases, including hypertension, cardiovascular disorders, and chronic respiratory conditions.
The rapid adoption of homecare services and remote patient monitoring (RPM) is another crucial element transforming the landscape of the pressure monitoring devices market. Norway has established itself as a frontrunner in telehealth, particularly in efforts to minimize waiting times for patients. A study conducted by the WHO Regional Office for Europe, in collaboration with the Norwegian Centre for E-health Research, underscores this achievement. Furthermore, the Norwegian government has allocated a substantial NOK 3.25 billion in its 2025 budget to create around 1,500 continuous care placements for the elderly, which presents a significant opportunity for companies that provide patient monitoring systems.
Technological advancements and strategic initiatives in digital health are propelling the market forward. The Norwegian government has set aside NOK 225.2 million for digital health solutions in its 2025 state budget, indicating a deliberate move towards integrated healthcare technologies. Norway is recognized as a leader in the digital health arena, benefiting from extensive national health databases that are accessible for research through the Norwegian Institute of Public Health. Key trends anticipated in telehealth by 2025 include the enhanced integration of artificial intelligence (AI), the development of more adaptable hybrid care models, and improvements in remote monitoring capabilities, as highlighted by Healthcare Transformers.
The supportive role of the government, coupled with significant healthcare funding and evolving regulations for medical devices, creates a solid foundation for market growth. In terms of regulatory developments, Norway is set to join the EU Health Technology Assessment Regulation (HTAR) framework starting January 12, 2025. Initially, the focus of Joint Clinical Assessments (JCAs) will be on pharmaceuticals, with assessments for medical devices expected to commence in 2026. This transition implies a more rigorous evaluation process and a standardized approach to assessing new medical technologies, including pressure monitoring devices, for market entry and reimbursement.
The combination of strong financial support, a commitment to digital innovation, and a comprehensive regulatory framework makes the pressure monitoring devices market in Norway particularly attractive and poised for evolution. As the healthcare landscape continues to adapt to the needs of an aging population and the increasing demand for home-based care solutions, the market for pressure monitoring devices is likely to see significant advancements and opportunities for growth.
In summary, the Norwegian pressure monitoring devices market is characterized by its sophisticated infrastructure and the proactive measures taken by the government to enhance healthcare delivery. The aging population, coupled with the rise in chronic diseases, necessitates the development and deployment of advanced monitoring technologies. The emphasis on telehealth and remote monitoring solutions is reshaping how healthcare is delivered, making it more accessible and efficient. With ongoing investments in digital health and a supportive regulatory environment, the market is well-positioned for future growth, catering to the evolving needs of patients and healthcare providers alike.
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. Norway 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. Norway Pressure Monitoring Devices Market – Analysis
- 6.1 Norway Pressure Monitoring Devices Market Revenue (US$ Million), 2022–2033
- 6.2 Norway Pressure Monitoring Devices Market Revenue and Forecast Analysis
- 7. Norway Pressure Monitoring Devices Market Analysis – by Product
- 7.1 Norway Pressure Monitoring Devices Market – Revenue and Forecast, 2022–2033 (US$ Million) – by Product
- 8. Norway Pressure Monitoring Devices Market Analysis – by Application
- 8.1 Norway Pressure Monitoring Devices Market – Revenue and Forecast, 2022–2033 (US$ Million) – by Application
- 9. Norway Pressure Monitoring Devices Market Analysis – by End User
- 9.1 Norway 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. Norway Pressure Monitoring Devices Market Segmentation
- Table 2. List of Vendors
- Table 3. Norway Pressure Monitoring Devices Market – Revenue, 2022–2024 (US$ Million)
- Table 4. Norway Pressure Monitoring Devices Market – Revenue Forecast, 2025–2033 (US$ Million)
- Table 5. Norway Pressure Monitoring Devices Market – Revenue, 2022–2024 (US$ Million) – by Product
- Table 6. Norway Pressure Monitoring Devices Market – Revenue Forecast, 2025–2033 (US$ Million) – by Product
- Table 7. Norway Pressure Monitoring Devices Market – Revenue, 2022–2024 (US$ Million) – by Application
- Table 8. Norway Pressure Monitoring Devices Market – Revenue Forecast, 2025–2033 (US$ Million) – by Application
- Table 9. Norway Pressure Monitoring Devices Market – Revenue, 2022–2024 (US$ Million) – by End User
- Table 10. Norway 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. Norway Pressure Monitoring Devices Market Revenue, (US$ Million), 2022–2033
- Figure 3. Heat Map Analysis by Key Players
- Figure 4. Company Positioning and Concentration
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