Skin Perfusion Pressure Testing Devices Market Analysis, Future Growth, Business Prospects, Size, Share, Development, Forecast to 2030

Future Market Insights (FMI), an ESOMAR-certified market research and consulting firm, offers insights into key factors driving demand for skin perfusion pressure testing devices in a new study. The report skin perfusion pressure testing devices market analyses the impact COVID-19 has had on the medical device industry in general, and skin perfusion pressure testing devices in particular.

TThe increasing prevalence of peripheral artery disease and chronic limb ischemia has necessitated advancements in skin perfusion pressure testing devices. Chronic limb ischemia is the most advanced form of peripheral artery disease, resulting in mortality, morbidity, and extensive use of healthcare resources. The skin perfusion pressure method for checking blood flow pressure in the limbs is required for assessing wound healing in limb ischemia.

Future Market Insights (FMI), an ESOMAR-certified market research and consulting firm, offers insights into key factors driving demand for skin perfusion pressure testing devices in a new study. The report skin perfusion pressure testing devices market analyses the impact COVID-19 has had on the medical device industry in general, and skin perfusion pressure testing devices in particular.

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How Can Historic and Future Outlook for Skin Perfusion Pressure Testing Devices Market Be Compared?

Peripheral artery disease (PAD) is a progressive condition that affects over 200 million people worldwide. It has a significant impact on hemodialysis patient mortality. PAD affects approximately 6.5 million people in the United States aged 40 and up. The rising prevalence of PAD has fueled the growth of the skin perfusion pressure testing market.

How is Shift to Non-invasive Procedures Affecting Skin Perfusion Pressure Testing Devices Sales?

Non-invasive procedures have continued to grow in popularity as compared to surgeries. The measurement of skin perfusion pressure by a laser doppler is a non-invasive method that is widely used by professionals. Due to high reproducibility, accuracy, specificity, and sensitivity, skin perfusion pressure testing has become one of the soundest methods.

For instance, non-invasive VMS-VASC system (Moor) Instruments), including the laser Doppler monitor moorVMS-LDF, low profile fibre optic probe (VP-SPP), and pressure cuff controller moorVMS-PRES have been specifically designed to aid micro vascular assessments in a variety of clinical applications and physiological research.

Country-wise Insights

How Big is the Opportunity in the U.S.?

The healthcare system of the U.S. is well renowned for its advanced infrastructure and expenditure. The care regime of the care centers and hospitals are monitored by various regulatory rules and insurance policies. The massive hospital bills incurred other than the Medicare have been influencing the market in the country.

Government and regulatory bodies of the U.S. are adopting several cost-containment plans to reduce their healthcare burden. The shift from a volume to a value-based system is majorly driven by the various measures undertaken by providers, governments, biotechnology companies, and insurance payers. Some of the measures are outcome-based profits, pricing, risk sharing, competitive tendering, and price control.

A value-based healthcare system will not only provide improved outcomes through integrated care pathways, but also levy pricing pressure on medical device companies, and this is likely to impact investments on the R&D of advanced medical treatment technologies.

Furthermore, due to the higher prevalence of critical limb ischemia and peripheral arterial disease in U.S., several manufactures are conducting campaigns to raise general awareness among people related to these diseases. This is likely to support the overall market growth in the country. For example, Amputee Coalition of America (NGO) launched a campaign in April 2018 to raise limb loss awareness among people.

Why Innovation is Key to Success in German Medical Device Market?

The Federal Statistical Office has reported that healthcare spending in Germany rose by 4% in 2018 from 2017. In 2018, the country’s healthcare spending accounted for 11.7% of the GDP. Furthermore, health expenditure was expected to surge to 407.4 billion Euros by 2019, presenting a lucrative landscape for the expansion of the skin perfusion pressure testing devices.

Also presence of companies such as ELCAT GmbH is supporting the expansion in Germany. The company has been investing significantly in expansion efforts. Growth strategies adopted by these companies are expected to aid the expansion in Germany.

Since 2009, health insurance has been made mandatory for all citizens of the country. According to National Center for Biotechnology Information (NCBI), a total of 70 million people, which roughly covers 85% of the population are covered by statutory health insurance. Another 11% population of Germany is covered by substitutive private health insurance. Conducive reimbursement policies and regulatory scenario are presenting attractive opportunities for growth.

How is Rising Disposable Income in China Affecting Growth?

Increasing disposable income can have significant impact in development of economy in emerging countries which results in affordability of proper healthcare treatment. China’s per capita disposable income reached (about 4,961 U.S. dollars) in 2020, more than double the level in 2010.

Potential for high healthcare insurance and rising disposable income will contribute to increase in affordability of healthcare services. This will also allow improved accessibility to expensive equipment for treatment of diseases. The market in China is expected to witness significant growth at a CAGR of around 5.4%.

How Can Players Boost Skin Perfusion Pressure Testing Devices Sales in South Africa?

Both chronic limb ischemia and peripheral artery disease impose serious threats to the population. Lack of awareness of diseases and lack of proper treatment leads to high prevalence of these diseases. Due to limited campaigning about the assessment of these diseases, there seems to occur less usage of these devices in hospitals in South Africa.

Moreover, poor healthcare facilities in some countries restrain the growth of the skin perfusion pressure testing market. Despite financial burden, government in South Africa is adopting various initiatives to spread create awareness among population, which is expected to enable steady growth in the market.

The market in South Africa is expected to witness sluggish growth at a CAGR of just around 3.8%.

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Competitive Landscape

Most of the medical device companies are currently focusing on designing laser doppler since it has gain much popularity in assessment of wound healing.

For example, Moor Instruments has design moorVMS-VASC 2.0 laser doppler system.

Moreover, the manufactures are focusing on getting stamp of approvals for their product and also entering into partnership and collaboration agreement to expand their product portfolio in different countries globally.

For instance, in April 2016, Perimed AB announced FDA approval for PeriFlux 6000.

Some of the leading companies operating in the market are:

• Vasamed Incorporated
• Moor Instruments
• Perimed AB
• ELCAT GmbH
• ATYS Medical
• Viasonix
• Promed Group

Skin Perfusion Pressure Testing Devices Market by Category

Product

• Laser Doppler Skin Perfusion Pressure Testing Devices
• Photoplethysmography Skin Perfusion Pressure Testing Devices
• Consumables
  • Pressure Cuff Controller
  • Fibre Optic Probe

Modality

• Portable Devices
• Cart-based Devices

End User

• Hospitals
• Ambulatory Surgical Centers
• Wound Care Centers
• Vascular Laboratories

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Middle East and Africa (MEA)
• Oceania

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According to FMI’s analysis, skin perfusion pressure testing devices sales have grown at 5.3% CAGR between 2015 and 2019.

Skin perfusion pressure has become a potential tool for wound healing in patients with chronic limb ischemia. Compared to other non-invasive methods such as toe blood pressure and ankle-brachial index, skin perfusion pressure provides more accurate results, thus, its usage is gaining popularity among physicians.

This technique also remains a clinically relevant and objective tool of local perfusion in the setting of chronic limb ischemia, particularly among higher-risk patients with arterial calicifications and comorbidities that tend to microvascular disease. FMI expects global skin perfusion pressure testing devices market to grow at 4.5% CAGR through 2030.

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