Blood Flow Measurement Devices Market Global Trends, Share, Size, Growth, Opportunities and Forecast to 2030
Blood
Flow Measurement Devices Market Highlights
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.
The Blood Flow Measurement Devices Market is projected to reach USD 359.24 Million by 2030 at
8.8% CAGR during the forecast period 2022-2030.
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.
Segmentation
The
global blood flow
measurement devices market is segmented based on
application, product, and end-user.
By
product, the market is segmented into electromagnetic blood flow meters, laser
Doppler blood flow
meter, 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 centres, specialty centres,
and hospitals and clinics.
Regional
Analysis
The
Americas dominates the global blood flow measurement devices market report 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 Centre 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.
Blood Flow Measurement Devices Market 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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