Blood Flow Measurement Device Market Size To Grow By USD 533.5 Million, Evolving Opportunities With Getinge Group And Deltex Medical Group – Market.Us
Pune, Maharashtra, India, September 12 2022 (Wiredrelease) Prudour Pvt. Ltd –:A new blood flow measurement device is being trialed in hospitals across the country. The device is designed to help doctors more accurately measure blood flow in patients. This is important because blood flow is a key indicator of health and well-being. The device is non-invasive and easy to use, and it has the potential to revolutionize the way we measure blood flow.
In terms of revenue, the global blood flow measurement device market was valued at $343.10 million in 2016 and is expected to reach $533.5 million by 2021, growing at a CAGR of 9.3% during the forecast years.
Market for blood flow measurement devices will be fueled by the rising incidence of peripheral vascular diseases and a growing geriatric population. For diagnosing diseases and disorders, the rate of blood flow or the volume of blood passing through a blood vessel cross-section per unit time is used. Blood flow measurement devices are used to diagnose peripheral vascular conditions such as arterial occlusions and micro, macro, and diabetic complications. These devices can be used in clinical procedures such as intracranial monitoring, peripheral blood vessel diseases, gastroenterology and tumor monitoring, dermatology, diabetes, and many other medical conditions. Blood flow measurement devices are the most commonly used among all of these. This segment has seen a lot of growth due to growing obesity and increasing chances of developing cardiovascular diseases. There is also a rising demand for minimally invasive procedures.
The growing number of diabetes and cardiovascular diseases, along with a growing geriatric population, technological advances, and VC funding, are all contributing to the market’s growth. The market will experience the fastest growth in Asia-Pacific over the next few years. High growth rates in the region are due to the increased focus of industry players, increasing geriatric populations, and growing incidence of non-communicable disease.
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The largest market share in global blood flow measurement devices was held by North America in 2016. This large market share can be attributed to factors like the growing geriatric population, high prevalence of cardiovascular disease in the U.S. and regulatory requirements, favorable reimbursement, and increased funding in America. The region’s market growth will also be supported by technological advancements and an increasing number of organ transplant procedures.
The key enablers driving the global blood flow measurement device market growth:
Geriatric population growing
There is a rising demand for advanced treatments
Initiatives of the government for improving healthcare
The key growth restraining factors are
Different regulations for medical devices
Healthcare professionals and radiologists are in short supply
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Key Market Segments
Ultrasound Doppler Blood Flow Measurement Devices
Laser Doppler Blood Flow Measurement Devices
Electromagnetic Blood Flow Measurement Devices
Peripheral Vascular Disease
Intracranial Monitoring (Stroke & Brain Injury)
Deltex Medical Group
Sonotec Ultraschallsensorik Halle
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Blood Flow Measurement Devices Market, by Region:
Middle East & Africa
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