The Worldwide Blood Flow Measurement Devices Market is estimated to grow at a CAGR of 8.8% during the forecast period 2017 to 2023.
Blood Flow Measurement Devices Market Scenario:
Blood flow measurement devices are measurement devices that are used by the physician to understand the nature of 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 Global Blood Flow Measurement Devices Market is majorly driven by the high prevalence of cardiovascular diseases, high incidence of obesity, and the increasing need for minimally invasive procedures. Additionally, factors such as increasing approvals for blood flow measurement devices, government initiatives and support, increasing demand for advanced treatments, increasing research and clinical trials for blood flow measurement devices, and growing market players offering newer products are likely to drive the market.
Blood Flow Measurement Devices Market Key Players:
Medistim ASA, Cook Medical, Inc., Getinge Group, Deltex Medical Group PLC, Transonic Systems, Inc., Compumedics Limited, and Biopac Systems Inc. and among others.
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Blood Flow Measurement Devices Market Segments:
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 the multi-range doppler technology, transit-time flow meters, digital doppler, ultrasound doppler, and bilateral doppler.
By application, the market is segmented into cardiovascular diseases, 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.
Blood Flow Measurement Devices Market Regional Analysis:
The North American blood flow measurement devices market is a growing market in the Americas region. North America is segmented into the U.S. and Canada. The increasing number of obese people and the increasing prevalence of cardiovascular rates are likely to enhance the growth of the blood flow measurement devices market. Additionally, the increasing need for minimally invasive procedures, growing healthcare expenditure, increase in the number of approvals for blood flow measurement devices, and increasing demand for technologically advanced treatments and products along with the rising government support are likely to enhance the growth of the blood flow measurement devices market in North America.
Europe is the second largest market and holds a healthy share in the global blood flow measurement devices market. The European market is expected to grow during the forecast period owing to the availability of newer and advanced treatment facilities, and healthcare expenditure along with the growing need for better healthcare infrastructure. According to the European Heart Network, in 2015, there were 11.3 million cardiovascular disorder cases in Europe.
Asia Pacific is expected to be the fastest growing market. The increasing prevalence of chronic diseases is a major driver for the market growth. China is the fastest growing region owing to the increasing population leading to an increase in the patient population. The increasing awareness about health and availability of new treatment methods drive the market in this region. The increasing healthcare expenditure and rise in the standard of living are driving the growth of the blood flow measurement devices market in the Asia Pacific region.
The Middle East and Africa is expected to show the least growth in the market due to some major factors such as lack of awareness and limited access and availability of treatment facilities. In the Middle East, the United Arab Emirates is the largest market owing to the development of the healthcare industry and the increasing availability of specialty care centers.
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