The Hemodynamic Monitoring Systems Market is growing pervasively mainly due to the growing rate of cardiovascular disorders, worldwide. In the year, the hemodynamic monitoring systems market had valued at USD 780 MN which is expected to reach USD 1,054 MN by 2023, registering 7.3% CAGR during the forecast period (2017-2023).
Market Drivers and Key Restraints
In the past couple of years, the hemodynamic monitoring systems market worldwide has showcased a dramatic growth primarily due to an alarming rise in the prevalence of cardiovascular diseases, coupled with various health conditions brought on by sedentary lifestyles and the increasing need for critical congenital heart disease (CCHD) screening. Also, the surging incidence of COPD and other respiratory disorders will also bring in good news for the market in the years to come.
Increasing technological advancements in the field of heart care drive the market growth. The global hemodynamic monitoring systems market is heading with the pervasively rising number of patients suffering from arterial diseases led by the sedentary lifestyle.
On the flip side, factors such as stringent government regulations and unfavorable reimbursement policies in some countries are acting as a headwind that is obstructing the market growth. Besides, the lack of skilled healthcare professionals is expected to the hamper the market growth.
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On that note, the impact of these factors on the growth of the market is expected to be amplified on account of the highly conducive regulatory scenario currently existing. Furthermore, a rapidly graying world population is resulting in the surging adoption of hemodynamic monitoring systems in healthcare centers around the globe.
In addition, neonatal care professionals’ dependency on hemodynamic monitoring systems has grown in recent years, with CCHD being considered as one among the seven most life-threatening congenital heart defects. Similarly, COPD has elevated to unprecedented levels amongst adults, particularly in low- and middle-income countries.
Key Players :
Some of the market leaders profiled in the report are
- Argon Medica, Teleflex Incorporated,
- Osypka Medical,
- Edwards Lifesciences Corporation
- PULSION Medical Systems SE,
- LiDCO Group plc,
- Cheetah Medical,
- Deltex Medical Group Plc.,
- ICU Medical,
- Osypka Medical GmbH,
- CareTaker Medical,
- NI Medical, and
Innovation, mergers & acquisitions, product launch, and regional expansion remain the key strategies for these players to maintain their market positions.
For instance, in March 2019, reports say that Edwards Lifesciences will be acquiring CAS Medical Systems (CASMED), which is a medical technology company with expertise in non-invasive monitoring of tissue oxygenation in the brain, for the sum of about USD 100 million. Edwards Lifesciences will be receiving 510(k) clearance for a smart cable and software module that allows compatibility between HemoSphere, a hemodynamic monitoring platform and CASMED’s FORE-SIGHT sensor.
The market for hemodynamic monitoring systems is segmented on the basis of product, type, and end-use.
The market, depending on the product, caters to disposables, monitors, minimally invasive, and others. Out of these, the monitors segment is leading the pack, account for the largest share in the global market.
Type-wise, the market is considered for invasive, non-invasive, and others. The invasive segment accounts for the largest among all the types.
The end-user industries in the global market are hospitals, clinics, ambulatory care centers, home care settings, and others. Hospitals and clinics make for the largest segment, out of all the segments in the global market.
Regional Analysis :
North America accounts for the leading share in the market for the hemodynamic monitoring systems. Factors positively impacting the market growth in the region include the high per capita health care expenditures and rapid uptake of advanced technologies in the growing healthcare sector.
Moreover, the rising geriatric population along with the increasing prevalence of high/low BP, cardiovascular diseases, hypertension, and obesity issues that are leading to heart diseases & disorders are fuelling the market growth in the region.
Furthermore, the presence of well-established market players along with the growing number of patients suffering from major/minor heart issues is positively impacting the growth in the regional market.
The Europe hemodynamic monitoring systems market accounts for the second-largest market, globally. Attributing to the increasing healthcare expenditure, availability of advanced treatment facilities, and government initiatives, the market is estimated to register a remarkable CAGR during the forecast period (2017-2023). Increasing cardiovascular issues in the region are becoming paramount concerns which, in turn, are contributing to the market growth.
The hemodynamic monitoring systems market in the Asia Pacific region is rapidly emerging as a promising market. Growing number of aging populaces alongside the prevalence of cardiac disorders growing at an alarming rate are driving the market in the region. Also, some of the other dominant factors such as the faster adoption of healthcare technology, government initiatives to improve the quality of healthcare, favorable insurance, and reimbursement policies are fostering the growth of the APAC market.
Some Brief Table of Contents of Report
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
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