Blood Flow Measurement Devices Market Research Report: Product (Ultrasound, Electromagnetic Blood Flow Meters), Application (Cardiovascular Disease, Diabetes, Gastroenterology), End-User (Hospitals & Clinics, Specialty Centers) – Global Forecast Till 2023
Blood Flow Measurement Devices Market Overview
Market Research Future has predicted that the global blood flow measurement devices market will attain a CAGR of 8.8% over the forecast period, 2017-2023.
The global market for blood flow measurement devices market is mainly related to the high prevalence of the cardiovascular disease, high rate of obesity, and the growing need for minimally invasive procedures. In addition, factors such as increased approvals for blood flow measurement equipment, government initiatives and support, increased demand for advanced treatments, research and increased clinical trials for blood flow measurement equipment and increasing players that are offering newer products will probably stimulate the market.
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Blood Flow Measurement Devices MarketSegmentation
Application, product, and end-user are major factors based on which the global blood flow measurement devices market is segmented
Based on the product, the global market is bifurcated into laser doppler blood flow meters, ultrasound, and blood flow meters. The ultrasound subsegment is further classified into digital doppler, multi-range doppler technology, ultrasound doppler, and bilateral doppler, and transit-time flow meters
Further, based on application, the global market is divided into cardiovascular diseases, gastroenterology, diabetes, CABG, tumor monitoring, and microvascular surgery.
The end-user segment is differentiated into ambulatory surgical centers, hospitals and clinics, and specialty centers.
Blood Flow Measurement Devices Market Regional Insights
The blood flow measurement devices market in North America is budding at a great pace. The growing number of obese people and the increasing prevalence of cardiovascular disease rates are expected to increase the growth of the blood flow measurement devices market. In addition, a growing need for minimally invasive procedures, higher healthcare costs, increasing registrations of blood flow monitors, and demand for advanced treatments and products is expected to propel the growth of the global market. High tech technology, as well as increasing government support, are likely to stimulate demand for blood flow measurement devices in North America.
Europe follows North America and has a large share of the blood flow measurement devices market. The European market is expected to grow over the forecast period due to the availability of newer and more advanced processing facilities, increased health-based spending, and the growing need for better health infrastructure.
The Asia Pacific region is expected to become the fastest-growing market. The increasing prevalence of chronic diseases is one of the most important factors for market growth. China is witnessing swift growth in the region due to population growth, leading to an increase in the number of patients. Increasing health awareness and the availability of new treatment methods are the driving forces of the market in this region. Rising healthcare spending and rising living standards are spurring the growth of the Asia Pacific blood flow measurement devices market.
The Middle East and Africa would show sluggish growth in the market due to some important factors such as limited access, lack of awareness, and availability of treatment facilities.
Blood Flow Measurement Devices Market Major Players
Industrial players are trying their best strategies to sustain in the highly competitive market. These players functioning in the global blood flow measurement devices market include Medistim ASA, Getinge Group, Cook Medical, Inc., Transonic Systems, Deltex Medical Group PLC, Biopac Systems Inc., and Compumedics Limited among others.
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