The latest market report published by Credence Research, Inc. “Blood Flow Measurement Devices Market Growth, Future Prospects, and Competitive Analysis, 2018–2026” the blood flow measurement devices market was valued at US$ 376.2 Mn in 2017 and projected to reach US$ 851.3 Mn by 2026 at a CAGR of 9.5% over the forecast period from 2018 to 2026.
Browse the full report Blood Flow Measurement Devices Market Growth, Future Prospects, and Competitive Analysis, 2018–2026 at https://www.credenceresearch.com/report/blood-flow-measurement-devices-market
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Blood Flow Measurement Devices Market to Exhibit Healthy Growth during the Forecast Period from 2018 to 2026
The global blood flow measurement devices market accounted for a value of US$ Mn in 2017 and expected to attain US$ Mn by 2026. Drivers responsible for the market growth are globally growing elderly population coupled with rising prevalence of chronic diseases, increasing preference from users for noninvasive devices, and mounting technological developments in blood flow meters. The World Health Organization (WHO) stated that global elderly population would rise from 841.0 Mn in 2013 to 962.3 Mn in 2017 to cross 2.0 Bn by 2050. This geriatric population is more prone to develop chronic diseases (cardiovascular diseases, diabetes, and chronic dermatitis & gastritis), and other targeted diseases. As per the data provided by WHO, worldwide 17.7 Mn people die from cardiovascular diseases (CVDs) accounting for 31.0% of all deaths every year. Low-income and middle-income countries’ population are highly suffering from CVDs. Blood flow meters monitor the blood flow in several blood vessels and measure the cardiac output, thereby used in the management of cardiovascular diseases.
The Ultrasonic Doppler Blood Flow Meters Segment led the Market in 2017
On the basis of product, the blood flow measurement devices market is categorized into ultrasonic Doppler blood flow meters, laser Doppler blood flow meters, electromagnetic blood flow meters, and nuclear magnetic resonance (NMR) blood flow meters. The ultrasonic Doppler blood flow meters segment would continue the dominance over the forecast period from 2018 to 2026 due to its broad-ranging applications to measure the velocity of blood flow at an arbitrary position within patients suffering from cardiovascular diseases, and intracranial pressure monitoring. These flow meters are used in the arterial line of an extracorporeal circulation system (EC) or heart-lung bypass procedures.
Based on Application, the Others Segment Forecast to Register Comparatively Higher CAGR from 2018 to 2026
The Others segment comprises intracranial pressure monitoring in neurointensive care, microvascular surgery, and coronary artery bypass grafting (CABG) would register the significant market growth during the forecast period. This is attributed to a worldwide surge in the number of CABG procedures performed. Various blood flow meters took transit-time ultrasound flow measurement resolution to the highest level and configured with microvascular flow probes during microvessel (microvascular) surgeries. Adoption of non-invasive technologies with blood flow meters for direct measurement of intracranial pressure (ICP) in neurointensive care is fostering the market growth.
North America Holds Dominant Position due to Larger Adoption of Blood Flow Measurement Devices
North America held the highest market share in 2017 due to the presence of major market players & well-established healthcare infrastructure, change in the shift towards adoption of minimally invasive procedures coupled with rising spending over healthcare. According to an article published in the Wall Street Journal, Americans spend more on healthcare than any other country in the world. By 2025, the U.S. will spend nearly 20.0% of its gross domestic product (GDP) on health up from the current level of about 18.0%. Increasing drug & healthcare related prices will drive the healthcare spending in the near future.
The Presence of International Market Participants Makes Market Penetration Challenging for New Entrants
Major players in this space are Cook Medical; Arjo; Atys Medical; Compumedics Limited; Deltex Medical Group plc; GF Health Products, Inc.; Medistim; Biomedix, Inc.; Moor Instruments; and ADInstruments. These key market participants are implementing organic & inorganic growth strategies growth strategies such as merger & acquisition (M&A), new product launches, collaborations, and partnerships in order to get a competitive benefit. Rising US Food and Drug Administration (US FDA)’s approvals & launches of new blood flow meters with novel advanced technologies are gaining higher momentum in the market. For instance, in June 2013, Cook Medical launched Doppler DP-M350 Blood Flow Monitor that detects changes in blood flow during free flap procedures.
Historical & Forecast Period
2016 — Historical Year
2017 — Base Year
2018–2026 — Forecast Period
This study report represents analysis for each segment from 2016 to 2026 considering 2017 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2018 to 2026.
Report Scope by Segments
Blood flow measurement devices market covers qualitative & quantitative analysis of current market dynamics. The report entails all-inclusive information on the global blood flow measurement devices market by segmenting the market on the basis of product, application, and geography. This report will guide industry investors & associations, medical device industry participants, venture capitalists, suppliers & distributors of blood flow meters, medical research institutes, health insurance players, research & consulting firms, and healthcare professionals (HCPs) in decision-making and strategizing the market position.
Product Segment (2016–2026; US$ Mn)
- Ultrasonic Doppler Blood Flow Meters
- Laser Doppler Blood Flow Meters
- Electromagnetic Blood Flow Meters
- Nuclear Magnetic Resonance (NMR) Blood Flow Meters
Application Segment (2016–2026; US$ Mn)
- Cardiovascular Diseases
- Tumor Monitoring & Angiogenesis
- Others (intracranial pressure monitoring in neurointensive care, microvascular surgery, CABG)
Geography Segment (2016–2026; US$ Mn)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Rest of Middle East & Africa
The current report also incorporates qualitative analysis of market variables such as key market drivers, restraints, opportunities, and trends which convey better market information of the entire blood flow measurement devices. Additionally, the report also comprises a graphical illustration of the competitive landscape based on their market initiatives & strategies, product portfolio, financial information, and key developments. Major market participants profiled in the study report are Cook Medical; Arjo; Atys Medical; Compumedics Limited; Deltex Medical Group plc; GF Health Products, Inc.; Medistim; Biomedix, Inc.; Moor Instruments; and ADInstruments.
Key questions answered in this report
- What are the current market trends and dynamics in the blood flow measurement devices market and valuable opportunities for emerging players?
- Which product contributes to the maximum market share?
- Which product accounts for the fastest CAGR during the forecast period?
- Which application held the major market share in 2017?
- Which application would be the fastest segment during the forecast period?
- What is the impact of high cost blood flow measurement devices on the market?
- Are low and middle-income economies investing in the blood flow measurement devices?
- What is the market trend and dynamics in emerging markets such as Latin America, and Middle East & Africa?
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