Skin Perfusion Pressure Testing Devices Market Global Insights, Innovation in Technology, Growth Analysis on Volume 2030
Skin perfusion pressure (SPP) assess the local pressure in the microcirculatory system. It is widely used parameter in assessment of wound healing potential in patients with limb ischemia and peripheral artery diseases. SPP testing devices have become crucial for wound healing in patients with chronic limb ischemia. Future Market Insights (FMI), in a new study has forecast the market for skin perfusion pressure testing devices to exhibit 4.6% Y-o-Y growth in 2021. Driven by rising healthcare spending, the market will continue exhibiting high demand through the forecast period, from 2020 to 2030.
Compared to other non-invasive methods such as toe blood pressure and ankle-brachial index, SPP provides more accurate results, and thus, its usage is gaining popularity among physicians. It has been observed that SPP can evaluate ischemic condition of the lower extremities which cannot be assessed by ankle-brachial index. This increases the preference of SPP over ABI, which in turn is expected to drive the skin perfusion pressure testing devices market.
The rising prevalence of peripheral arterial disease is another major factor driving the demand growth. Peripheral arterial disease (PAD) prevents wound healing of lower extremity. The patient populations at highest-risk have ischemic disease, foot ulcers, diabetes mellitus, and/or compromised kidney function. The most widely used test is ankle brachial index (ABI), but it has limited utility in foot ulcer patients. Ankle brachial index alone is not considered effective of wound healing. For overcoming this problem, manufacturers are focusing to develop advanced skin perfusion pressure.
The COVID-19 pandemic has significantly affected the medical practices, resulting in a decrease in non-essential medical care, including the wound healing specialty. The nationwide lockdown and disrupted supply chain has limited the ability to practice wound healing in normal conditions. The pandemic in the first few months of 2020 has had a negative impact on the skin perfusion pressure testing devices market.
Manufacturers are currently focusing on designing new innovative laser dopplers that can provide better results at less cost, and at the same time give simple and reliable outputs. For instance, free flap monitoring, a new generation device provides web-based capability, whereby, recordings from a laser doppler can be transmitted directly to a smart phone. Such advancements are expected to bode well for the global market.
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Key Takeaways from Skin Perfusion Pressure Testing Devices Marker Study
- The global skin perfusion pressure testing devices market is estimated to be US$ 28.83 Mn in 2020, is expected to grow at a market CAGR of 4.5% during the forecast period (2020-2030)
- The U.S. holds over 90% share of the North America market, but Canada is projected to expand faster at around 5.0% CAGR
- Germany holds the largest share of the market in Europe, and will expand at a CAGR of around 4.8% through 2030
- The U.K. will exhibit 5.3% Y-o-Y growth in 2021, emerging as a key market for SPP testing devices in Europe. France will also continue exhibiting high demand
- Japan and South Korea are expected to emerge as key markets for SPP testing devices in East Asia
“Growing advancements in skin perfusion pressure testing devices and rising prevalence of peripheral artery disease and chronic limb ischemia are expected to aid increasing demand for skin perfusion testing devices. Against this backdrop, manufacturers are likely to invest in innovation to facilitate advanced treatment” says the FMI AnalystSkin Perfusion Pressure Testing Devices Market
Who is Winning?
Leading players in the skin perfusion pressure testing devices market are strengthening their market position though the acquisition, partnerships and expansion. For Instance,
- In October, 2015, Vasamed Incorporated entered into a collaboration and distribution agreement with CorVascular Diagnostics, LLC, which designs and distributes peripheral vascular diagnostic solutions.
- In January 2019, Perimed AB announced a partnership with Radiometer Medical ApS (Radiometer) to accelerate and expand the distribution of Perimed PeriFlux 6000 tcpO2 standalone system.
Some of the key market players covered by FMI include Vasamed Incorporated, Moor Instruments, Perimed AB, ELCAT GmbH, ATYS Medical, Viasonix, and Promed Group, consolidating their positions through mergers, acquisitions and new product launches.
Want more insights?
Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2030. The global skin perfusion pressure testing devices market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on skin perfusion pressure testing devices market on basis of product in detail, cover every aspect of the market such as (laser doppler skin perfusion pressure testing devices, phtoplethysmography skin perfusion pressure testing devices, and consumables), modality (portable devices, cart-based devices), and end user (hospitals, ambulatory surgical centers, wound care centers, and vascular laboratories) across seven major regions.
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Table of Content
- Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
- Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
2.3. Inclusions and Exclusions
- Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
- Key Success Factors
4.1. Product Adoption & Awareness Analysis
4.2. Product Features Vs. Modality Matrix
4.3. Key Strategies by Service Providers
4.4. Reimbursement Scenario
- Market Background
5.1. Macro-Economic Factors
5.1.1. Global GDP Growth Outlook
5.1.2. Global Healthcare Outlook
5.2. Forecast Factors – Relevance & Impact
5.2.1. Shift towards non-invasive procedures
5.2.2. Increasing use of laser doppler
5.2.3. Growing incidences of chronic limb ischemia (CLI)
5.2.4. Rising demand for skin perfusion pressure (SPP)
5.3. Market Dynamics
- COVID19 Crisis Impact Analysis
6.1. Current COVID-19 Statistics and Probable Future Impact
6.2. Current GDP Projection and Probable Impact
6.3. Current Economic Projection as compared to 2008 financial analysis
6.4. COVID19 and Impact Analysis
6.4.1. Revenue By Product Type
6.4.2. Revenue By Country
6.5. 2020 Market Scenario
6.6. Quarter by Quarter Forecast
6.7. Projected recovery Quarter
6.8. Recovery Scenario – Short term, Midterm and Long Term Impact
- Global Skin Perfusion Pressure Testing Devices Market Value (US$ Mn) Analysis 2015-2019 and Forecast, 2020-2030
7.1. Historical Market Value (US$ Mn) Analysis, 2015-2019
7.2. Current and Future Market Value (US$ Mn) Projections, 2020-2030
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Opportunity Analysis, 2020-2030
- Global Skin Perfusion Pressure Testing Devices Market Analysis 2015-2019 and Forecast 2020-2030, By Product Type
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) Analysis By Product Type, 2015–2019
8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Product Type, 2020-2030