
Global & Portugal Pressure Monitoring Devices Market to 2033
Description
The landscape of pressure monitoring devices in Portugal is currently experiencing a notable transformation, reflecting broader trends across Europe while also being influenced by the unique demographic and healthcare characteristics of the country. The future of this market appears promising, fueled by a growing demand for advanced and user-friendly monitoring solutions that are in line with the shifting priorities of Portugal's healthcare system.
One of the most significant factors driving this change is the aging population. As of 2023, approximately 24.11% of Portugal's population is aged 65 and older, making it one of the oldest countries in Europe, according to data from the World Bank. This demographic shift is closely linked to an increase in chronic health conditions, particularly those associated with aging, such as hypertension, cardiovascular diseases, and diabetes. A recent nationwide study published in PubMed highlighted that by May 2024, around 73.7% of the 10.37 million registered users in the Portuguese primary healthcare system were dealing with multimorbidity, which represents a 4.7% increase from the previous year. The most prevalent chronic conditions identified were lipid disorders, hypertension, and obesity, all of which necessitate regular and often continuous monitoring of blood pressure, thereby driving the demand for a variety of monitoring devices.
In addition to the rising need for monitoring solutions, there is a growing trend towards homecare and remote patient monitoring (RPM) in Portugal. This trend is largely a response to the aging population and the healthcare system's shift from institutional care to home-based care. The aim is to improve patient comfort, reduce healthcare costs, and ease the burden on the public health system. Telemonitoring has emerged as an effective strategy for managing patients with chronic illnesses, indicating a significant opportunity for growth in personalized and efficient healthcare delivery.
Technological advancements and a strong commitment to digital health initiatives are also driving the evolution of the pressure monitoring market in Portugal. The country achieved an impressive e-health maturity level of 86% in 2023, surpassing the European Union average of 79.1%, as reported by the European Commission's 2024 Digital Decade Country Report. This high level of maturity reflects the government's strategic investments in telemedicine and the implementation of electronic health records. The push for digital health, along with efforts to improve interoperability among Electronic Health Record (EHR) systems, facilitates the integration of pressure monitoring devices into broader digital health frameworks. Furthermore, the rise of Portuguese companies specializing in AI-driven diagnostics and telemedicine, such as Sword Health, which has gained international acclaim for its digital musculoskeletal therapy solutions, positions Portugal as an emerging hub for MedTech investments.
Supportive government policies and the ongoing transformation of the healthcare system are creating a favorable environment for market growth. The Portuguese National Health Service (NHS) has undergone significant reforms, including the introduction of a new Statute in 2022 that established the NHS Executive Directorate, aimed at creating a more sustainable and efficient healthcare system. The comprehensive National Health Plan for 2021–2030, which was approved in 2023, specifically addresses the management of noncommunicable diseases, further emphasizing the need for effective monitoring solutions.
Additionally, Portugal has implemented Regulation (EU) 2017/745 on medical devices through Decree-Law no. 29/2024, which came into effect on July 4, 2024. This regulation ensures compliance with European standards and enhances public health protection, thereby supporting the development and adoption of advanced pressure monitoring technologies within an integrated primary care model. These strategic initiatives and regulatory frameworks are crucial for fostering innovation and meeting the growing demand for pressure monitoring devices in Portugal.
In conclusion, the pressure monitoring device market in Portugal is poised for significant growth, driven by demographic changes, technological advancements, and supportive government policies. As the population ages and the prevalence of chronic diseases rises, the need for effective monitoring solutions will continue to expand. The shift towards homecare and remote monitoring, combined with the country's high level of e-health maturity, positions Portugal as a key player in the European MedTech landscape. With ongoing investments in digital health and a focus on improving healthcare delivery, the future of pressure monitoring devices in Portugal looks bright.
One of the most significant factors driving this change is the aging population. As of 2023, approximately 24.11% of Portugal's population is aged 65 and older, making it one of the oldest countries in Europe, according to data from the World Bank. This demographic shift is closely linked to an increase in chronic health conditions, particularly those associated with aging, such as hypertension, cardiovascular diseases, and diabetes. A recent nationwide study published in PubMed highlighted that by May 2024, around 73.7% of the 10.37 million registered users in the Portuguese primary healthcare system were dealing with multimorbidity, which represents a 4.7% increase from the previous year. The most prevalent chronic conditions identified were lipid disorders, hypertension, and obesity, all of which necessitate regular and often continuous monitoring of blood pressure, thereby driving the demand for a variety of monitoring devices.
In addition to the rising need for monitoring solutions, there is a growing trend towards homecare and remote patient monitoring (RPM) in Portugal. This trend is largely a response to the aging population and the healthcare system's shift from institutional care to home-based care. The aim is to improve patient comfort, reduce healthcare costs, and ease the burden on the public health system. Telemonitoring has emerged as an effective strategy for managing patients with chronic illnesses, indicating a significant opportunity for growth in personalized and efficient healthcare delivery.
Technological advancements and a strong commitment to digital health initiatives are also driving the evolution of the pressure monitoring market in Portugal. The country achieved an impressive e-health maturity level of 86% in 2023, surpassing the European Union average of 79.1%, as reported by the European Commission's 2024 Digital Decade Country Report. This high level of maturity reflects the government's strategic investments in telemedicine and the implementation of electronic health records. The push for digital health, along with efforts to improve interoperability among Electronic Health Record (EHR) systems, facilitates the integration of pressure monitoring devices into broader digital health frameworks. Furthermore, the rise of Portuguese companies specializing in AI-driven diagnostics and telemedicine, such as Sword Health, which has gained international acclaim for its digital musculoskeletal therapy solutions, positions Portugal as an emerging hub for MedTech investments.
Supportive government policies and the ongoing transformation of the healthcare system are creating a favorable environment for market growth. The Portuguese National Health Service (NHS) has undergone significant reforms, including the introduction of a new Statute in 2022 that established the NHS Executive Directorate, aimed at creating a more sustainable and efficient healthcare system. The comprehensive National Health Plan for 2021–2030, which was approved in 2023, specifically addresses the management of noncommunicable diseases, further emphasizing the need for effective monitoring solutions.
Additionally, Portugal has implemented Regulation (EU) 2017/745 on medical devices through Decree-Law no. 29/2024, which came into effect on July 4, 2024. This regulation ensures compliance with European standards and enhances public health protection, thereby supporting the development and adoption of advanced pressure monitoring technologies within an integrated primary care model. These strategic initiatives and regulatory frameworks are crucial for fostering innovation and meeting the growing demand for pressure monitoring devices in Portugal.
In conclusion, the pressure monitoring device market in Portugal is poised for significant growth, driven by demographic changes, technological advancements, and supportive government policies. As the population ages and the prevalence of chronic diseases rises, the need for effective monitoring solutions will continue to expand. The shift towards homecare and remote monitoring, combined with the country's high level of e-health maturity, positions Portugal as a key player in the European MedTech landscape. With ongoing investments in digital health and a focus on improving healthcare delivery, the future of pressure monitoring devices in Portugal looks bright.
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. Portugal 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. Portugal Pressure Monitoring Devices Market – Analysis
- 6.1 Portugal Pressure Monitoring Devices Market Revenue (US$ Million), 2022–2033
- 6.2 Portugal Pressure Monitoring Devices Market Revenue and Forecast Analysis
- 7. Portugal Pressure Monitoring Devices Market Analysis – by Product
- 7.1 Portugal Pressure Monitoring Devices Market – Revenue and Forecast, 2022–2033 (US$ Million) – by Product
- 8. Portugal Pressure Monitoring Devices Market Analysis – by Application
- 8.1 Portugal Pressure Monitoring Devices Market – Revenue and Forecast, 2022–2033 (US$ Million) – by Application
- 9. Portugal Pressure Monitoring Devices Market Analysis – by End User
- 9.1 Portugal 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. Portugal Pressure Monitoring Devices Market Segmentation
- Table 2. List of Vendors
- Table 3. Portugal Pressure Monitoring Devices Market – Revenue, 2022–2024 (US$ Million)
- Table 4. Portugal Pressure Monitoring Devices Market – Revenue Forecast, 2025–2033 (US$ Million)
- Table 5. Portugal Pressure Monitoring Devices Market – Revenue, 2022–2024 (US$ Million) – by Product
- Table 6. Portugal Pressure Monitoring Devices Market – Revenue Forecast, 2025–2033 (US$ Million) – by Product
- Table 7. Portugal Pressure Monitoring Devices Market – Revenue, 2022–2024 (US$ Million) – by Application
- Table 8. Portugal Pressure Monitoring Devices Market – Revenue Forecast, 2025–2033 (US$ Million) – by Application
- Table 9. Portugal Pressure Monitoring Devices Market – Revenue, 2022–2024 (US$ Million) – by End User
- Table 10. Portugal 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. Portugal 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.