Blood Flow Measurement Devices Market
Blood Flow Measurement Devices Market Analysis by Product (Ultrasound - Doppler Ultrasound, Transit time Flow Meters (TTFM), Laser Doppler), Application (Non-invasive - Cardiovascular Disease, Diabetes, Invasive - CABG, Microvascular Surgery) & Regional Forecast 2022-2032
Blood Flow Measurement Devices Market Outlook
The blood flow measurement devices market is predicted to grow at a fair CAGR of 8.2% during the projected period of 2022 to 2032. The Blood flow measurement devices market share is estimated to be worth more than US$ 1.3 Billion by 2032, increasing from US$ 583 Million in 2022.
Blood Flow Measurement devices Market Size (2021)
US$ 533 Million
Blood Flow Measurement devices Market Value (2022)
US$ 583 Million
Blood Flow Measurement devices Market Value (2032)
US$ 1.3 Billion
Blood flow measurement devices Market Growth Rate (2022-2032)
Blood flow measurement devices Market Key Players
As diseases related to cardiovascular conditions and diabetes rise among the common population, the demand for blood flow measurement devices increases. Real-time monitoring during surgeries and lifestyle-driven diseases also requires blood flow scanning.
Healthcare facilities filling up with patients having cardiovascular diseases are pushing the leaders to adopt technologically advanced tools to tackle the traffic, expanding the blood flow measurement devices market size.
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Global Blood Flow Measurement Devices Market Historical Analysis (2015-2021) Vs. Forecast Outlook (2022-2032)
Global study on blood flow measurement instruments market at Fact.MR explains that the blood flow measurement devices market growth is predicted to drop marginally from 2022 to 2032.
During the previous analysis period of 2015 to 2021, the blood flow measurement devices market share saw a net worth of US$ 533 Mn in 2021, with a higher and promising CAGR of 9.2% between 2015 and 2021.
As the covid came by the end of the last forecast period, the consumption of blood flow measurement devices has risen due to the increased number of patients going through chronic diseases and covid-19 simultaneously. The governments introduced lockdowns and logistics bans to stop the virus from spreading.
Multiple markets got affected as their supply chain, and distribution channels were frozen. However, the healthcare sector has done well, and due to the other impacts of covid-19, the use of ultrasound blood flow measurement devices has increased.
These impacts include cardiovascular impact, stress, and high blood pressure coupled with a chronic illness like diabetes.
What are the Different Market Dynamics driving the Global Blood Flow Measurement Devices Market?
“Rising cardiovascular diseases coupled with diabetes are constantly seek real time blood flow monitoring. The technologically advanced devices help in the process of documentation and measurement of these vitals.”
Blood flow measurement devices market analysis presents the major driving factors as rising cases of cardiovascular disease followed by higher death rates coupled with advancements in measuring technology.
Due to the unhealthy lifestyle, the diseases related to heart and blood flow are proliferating, especially in developed nations. National diabetes statics report explains that 2 out of 5 Americans develop diabetes in their lifecycle.
These numbers push people to adopt practices that prevent these diseases. A healthy diet, schedule, and workout that is followed by time-to-time monitoring of these vitals, like blood flow management, is pushing the sales of blood flow measurement devices.
Adding to that, the newer advanced technology that allows you to keep a check on your health by yourself, a one-stop-shop for most of the real-time health scanning, helps in expanding the blood flow measurement devices market size.
Another major factor that flourishes the market to the top is its usage in cancer treatment as it helps in dealing the blood flow management of tumorous cancers including breast cancer. Its application during lumpectomy and research and development procedures is significant and gives early diagnosis reports. Other than that, its use as ultrasound blood flow measurement through ultrasonic effect is largely in used in measuring the blood flow.
What are the Major Challenges Experienced by the Blood Flow Measurement Devices Market Players?
“Business owners and other companies lost fortunes due to the spread of novel coronavirus, limiting and cutting budgets of healthcare coupled with lesser awareness and costly devices challenges the market.”
The blood flow measurement devices market survey explains that the conventional ways of monitoring vitals, including the blood flow measurement, hampers the growth of new technologically advanced devices.
This happens because of less awareness and high costs, directly affecting the sales flow of the market. The low healthcare budgets introduced by multiple governments also limit the growth of the market as less capital sanctioning leads to the use of old conventional machine systems to measure blood flow.
Another factor affecting the growth of the markets is the small number of research and development programs that produce real-life results and aware citizens of the benefits of blood flow measurement devices.
What is the Blood Flow Measurement Devices Market Outlook for the U.S.?
Pertaining to North America’s strong healthcare structure and early adoption of modern health-tech in the community healthcare spaces, the regional blood flow measurement devices market of the U.S. dominated the global market by contributing nearly US$ 244.7 Million to the total revenue in 2022 and expanding the market size. The North American market is also likely to flourish at a higher growth rate than any other country.
Strong research and development (R&D) projects led by new healthcare welfare schemes have gained traction while strengthening nation’s healthcare systems with the adoption the technologically advanced blood flow measurement devices like Ultrasound blood measurement. The gained market space leads to the new vendor businesses expanding in this space.
With an estimated CAGR of 8.0% through 2032, the U.S. blood flow measurement devices market is predicted to reach a value of more than US$ 456.7 Million by the end of the year 2032.
What is the Blood Flow Measurement Devices Market Outlook for Asia Pacific?
The Asia Pacific is the other major region with significant growth prospects for blood flow measurement market key trends and opportunities, helping the healthcare workers and patients through the integration of artificial intelligence and machine learning.
As the number of patients having breast cancer, tumor, cardiovascular conditions, etc., has increased lately due to the inorganic intake and inactive lifestyle, the consumption of blood flow measurement devices has increased, gaining the most traction in China and Japan.
China is expected to have almost US$ 92.2 Million worth of the blood flow measurement devices market share by 2032, making it the second-largest market in the world, while Japan expects to hold a value of US$ 74.4 million. Both of the markets grow at promising CAGRs of 7.5% and 6.6%, respectively.
This region has also emerged as a lucrative region for the blood flow measurement devices market growth with the introduction of other emerging economies such as Japan and South Korea, increasing the market size in these regions.
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What is the Growth Outlook for the Blood Flow Measurement Devices Market According to Different Segments?
“Doppler ultrasounds are largely used in the treatment of cardiovascular diseases, advancing the ultrasound doppler technology.”
The blood flow measurement devices market is categorized by Product and Application. These categories are further divided into small segments that expand their channels in multiple market spaces. These segments perform differently in multiple markets as they have a stronghold in multiple regions.
The product category is segmented into. Ultrasound is sub-segmented into Doppler Ultrasound, Transit time Flow Meters (TTFM), and Laser Doppler, while the Application category is segmented into non-invasive (Cardiovascular diseases, Diabetes, Tumour Monitoring, Gastroenterology), and Invasive (CABG, Microvascular Surgery).
Which is the Top Performing Segment for the Global Blood Flow Measurement Devices Market by Product?
By product category, the ultrasound segment is the largest segment and will hold the biggest portion of the market in the forecast period. The analysis shows that the segment is set to thrive at a healthy CAGR of 8.3% in the forecast period while previously, the segment was thriving at a slightly higher CAGR of 9.1%.
Blood flow measurement devices market analysis explains that the factors behind the growth of this segment are its prevalence in cancer treatment while monitoring the blood flow during pre, post and even during the time of the surgery. Its use in cardiovascular treatment by constantly following the heart and the blood flow helps in the treatment.
Which is the Top Performing Segment for the Global Blood Flow Measurement Devices Market by Application?
The non-Invasive segment is the biggest application segment in the blood flow measurement devices market and is likely to expand its roots in the major regions around the world at a CAGR of 8.1% between 2022 and 2032, while previously, it thrived on a higher CAGR of 9.3%.
The factors leading up to its growth potential are its use in the treatment of the most popular diseases that constantly rise. These include Cardiovascular diseases, Diabetes, Tumour Monitoring, and Gastroenterology. It gives an overall push to the blood flow measurement devices market.
How Strong is the Competitive Landscape for the Blood Flow Measurement Devices Market?
Medistim ASA, Cook Medical, Inc., Getinge Group, Deltex Medical Group PLC, Transonic Systems Inc. are some of the key players of the blood flow measurement devices market.
What are the Recent Developments in the Field of Blood flow measurement devices Market?
- Medistim ASA has introduced its set of MIraQ Vascular, Cardiac and Ultimate that monitor the blood flow through transit time flow measurement (TTFM), increasing the sales in developing nations like US and Japan.
- Cook Medical Inc has designed its upgraded version of ultrasound blood flow monitor, bringing in the advanced technology that helps in the real time blood flow measurement.
- Transonic Systems Inc has introduced its 400-series research blood flow measurement device that are used in cardiovascular labs. This series comes is tow models named T402 and T403 that can hold four and six single-bay pressure modules, making the device more flexible and reliable.
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By Product :
- Ultrasound Doppler
- Transit-time Flow Meters (TTFM)
- Laser Doppler
By Application :
- Cardiovascular Disease
- Tumour Monitoring
- Microvascular Surgery
- Reconstructive Surgery
- Organ Transplantation
By Region :
- North America
- Latin America
- Asia Pacific
- Middle East and Africa (MEA)
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