Blood Flow Measurement Devices Market Size, Company Revenue Share, Key Drivers, and Trend Analysis Till 2027
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| Blood Flow Measurement Devices Market |
The global blood flow measurement devices market is expected to register a CAGR of 8.8% during the forecast period. The growth of the market is due to the increasing cardiovascular disorders, increasing obesity rates, and growing demand for minimally invasive procedures. Entering the untapped market is an opportunity for the blood flow measurement devices market. Similarly, the high cost of the devices and lack of skilled professionals can hamper the growth of the market.
Blood flow
measurement devices are measurement devices that are used by the physician to
understand the nature of the blood flow such as the amount of blood supplied to
various vital organs and abnormal changes in the blood flow velocity, which can
cause malformation of vessels.
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Regional
Analysis
The
Americas dominates the global blood flow measurement devices market owing to
the increasing aging population, which eventually leads to the increasing
patient population. Additionally, the increasing obesity rate along with
increasing cardiovascular disorder rates are likely to enhance the growth of
the blood flow measurement devices market in the North American region.
According to the American Heart Association, in 2015, 31% of the deaths in the
U.S. were due to cardiovascular disorders. Similarly, according to the Center
for Disease Control and Prevention, in 2015, around USD 3.2 trillion was spent
on healthcare expenditure in the U.S.
Europe
accounts for the second largest market due to increased cardiovascular
disorders and increasing obesity rates. Additionally, the increasing government
support and improved healthcare infrastructure along with the increasing demand
for minimally invasive treatments are driving the growth of the blood flow measurement
devices market in Europe. For instance, Eurostat estimated that over 19.2% of
the population in Europe was aged 65 and above. This increasing older
population is likely to lead to the increasing patient population. These
factors are likely to drive the growth of the blood flow measurement devices
market.
Asia
Pacific is the fastest growing market for blood flow measurement devices whose
growth is attributed to the increasing population and the improving standard of
living. Additionally, increasing healthcare expenditure and demand for new
treatment options along with the rise in government support are likely to drive
the growth of the market. India and China are the major contributors to the
market growth due to the rapid development of healthcare infrastructure in
these regions and increasing demand for diagnostic services.
On the
other hand, the Middle East and Africa is expected to witness a slow growth due
to limited access to healthcare facilities and affordability issues among
individuals. In the Middle East, the growth of the market is driven by the
increasing availability of new and advanced diagnostic and treatment methods
for various chronic diseases.
Segmentation
The global
blood flow measurement devices market is segmented on the basis of application,
product, and end-user.
By product,
the market is segmented into electromagnetic blood flow meters, laser Doppler
blood flow meters, and ultrasound.
By
ultrasound, it is further sub-segmented into multi-range doppler technology,
transit-time flow meters, digital doppler, ultrasound Doppler, and bilateral
doppler.
By
application, the market is segmented into cardiovascular disease, diabetes,
gastroenterology, tumor monitoring, CABG, microvascular surgery, and others.
By
end-user, the market is segmented into ambulatory surgical centers, specialty
centers, and hospitals and clinics.
Key
Players
Some of the
key players in the blood flow measurement devices market are Medistim ASA, Cook
Medical, Inc., Getinge Group, Deltex Medical Group PLC, Transonic Systems,
Inc., Compumedics Limited, and Biopac Systems Inc., among others.
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