The global market for hemodynamic monitoring accounted for USD 931.0 million in 2016 and is expected to grow at a CAGR of around 4.59% from 2017 to 2022.
Critically ill patients require continuous monitoring of their vital parameters. This is done by direct pressure monitoring systems, which are also known as hemodynamic systems. The main function of these systems is to monitor the cardiac activity.
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The hemodynamic systems give information about blood pressure, blood volume and fluid balance. The prevalence of heart disorders is on the rise and this has created a demand for hemodynamic monitoring systems. Most of the geriatric population suffers from hypertension & diabetes and requires round the clock monitoring. This has generated the need for homebased monitoring systems. The market is growing continuously due to the technological shift from invasive monitoring systems to minimally and non-invasive monitoring systems. Increase in the critically ill geriatric population, rise in the prevalence of cardiac disorders, hypertension and diabetes, growing demand for home-based and non-invasive monitoring systems and advances in technology due to funding by private players and government bodies are expected to drive the market.
The increased incidence of complications associated with invasive monitoring systems, stringent FDA guidelines for approval of new systems and the fact that the precision of Cardiac Output determinations is adversely affected under low flow conditions are hampering the growth of the market. The global hemodynamic monitoring market is segmented on the basis of type of systems (minimally invasive monitoring systems, invasive monitoring systems and non-invasive monitoring systems), End user (laboratory-based monitoring systems, home-based monitoring systems and hospital-based monitoring systems), and region ((North America, Europe, Asia-Pacific, Middle East & Africa and South America)
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