Overview:
The rapidly evolving global blood flow measurement devices market is expected to attain 8.8% CAGr during the forecast period (2017-2023), claims Market Research Future (MRFR). The recently published report also contains a detailed segmental and regional overview to help in better understanding of the market. Blood flow measurement devices are used by physicians mostly to detect the nature of blood flow in organs and treat patients accordingly on the basis of any abnormalities found.
The global blood flow measurement devices market benefits majorly from the prevalence of cardiovascular disease and obesity. However, minimally invasive surgeries are gaining strong grounds owing to which the demand for blood flow measurement devices is on the rise. Governments, across the globe, are also providing tailwinds by approving latest products. Research and development sector is also showing substantial traction for the market owing to the increase in clinical trials. However, the blood flow measurement devices market could get daunted by the high prices of blood flow measurement devices due to which the expected CAGR could dip during the forecast period.
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Segmental Analysis:
MRFR studied the entire blood flow measurement devices market by breaking it down to segments based on application, product, and end-user. These segments encapsulate both volume-wise and value-wise data for better market analysis.
Based on the product, the blood flow measurement devices market can be segmented into electromagnetic blood flow meters, laser doppler blood flow meters, and ultrasound.
Based on the ultrasound, the blood flow measurement devices market is sub-segmented into the multi-range doppler technology, transit-time flow meters, digital doppler, ultrasound doppler, and bilateral doppler. The ultrasound doppler segment is quite popular due to its ease of application.
Based on the application, the blood flow measurement devices market is segmented into cardiovascular diseases, diabetes, gastroenterology, tumor monitoring, CABG, microvascular surgery, and others.
Based on the end-user, the blood flow measurement devices market is segmented into ambulatory surgical centers, specialty centers, and hospitals and clinics. The hospitals & clinics segment has substantial market dominance.
Regional Analysis:
MRFR in their region-specific analysis of the blood flow measurement devices market included the Americas, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA).
The Americas is leading the market with substantial market share. The valuation it has achieved and the prospect of securing the market in the coming years are founded upon superior infrastructure, high investment capacity, better reimbursement policy, and growing needs for minimally invasive surgeries. Factors such as these are helping regional market growth. At the same time, the presence of a country like the U.S. is aiding the market a lot.
Europe is the second largest market with similar features like that of the Americas to support its burgeoning. Healthcare expenditure is rising. Investment in the research and development sector is boosting the market. APAC is the fastest growing region. Several countries are developing their economies, along with their healthcare sector. This has spurred awareness and incorporation of better technologies. Increasing per capita income is also providing much thrust to the regional market growth. The MEA market is lagging considerably owing to the presence of several poor countries and lacking infrastructure. However, the Middle East is trying to shake up by hiking its investment considerably.
Competitive Landscape:
Influential companies to better the global blood flow measurement devices market scenario are Medistim ASA, Cook Medical, Inc., Getinge Group, Deltex Medical Group PLC, Transonic Systems, Inc., Compumedics Limited, and Biopac Systems Inc., among others. MRFR, in their report, analyzed these companies in detail, along with their strategic moves that influence both the growth of the company and the market as a whole.
In April 2019, researchers from the Stanford University revealed a new sensor that would monitor blood flow during blood vessel surgery. The product is biodegradable, battery-free, and wireless. It also has the ability to warn doctors regarding blockage in the artery. Researchers believe that this could simplify the existing treatment methods of vascular, transplant, reconstructive and cardiac surgery.
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