The hemodynamic monitoring system market is projected to reach US$ 2,173.15 million by 2028 from US$ 1,419.94 million in 2021; it is estimated to grow at a CAGR of 6.4% from 2022 to 2028.
The hemodynamics monitoring system measures the blood flow through the cardiovascular system, that is, the heart and blood vessels. The monitoring allows physicians to estimate the amount of oxygen distributed in tissues and organs of the human body. Further, it is used for measuring blood pressure from inside the veins, arteries, and heart. It is also used to measure the level of oxygen in the blood.
The hemodynamics monitoring system market is segmented based on type, product, end user, and geography. By geography, the market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The report offers insights and in-depth analysis of the market, emphasizing on parameters such as market trends, technological advancements, and market dynamics, along with the analysis of the competitive landscape of the world’s leading market players.
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A few prominent players operating in the Hemodynamics monitoring system market are Koninklijke Philips NV, Osypka Medical GmbH, General Electric Co, Edwards Lifesciences Corporation, Schwarzer Cardiotek, Getinge Group, Deltex Medical, ICU Medical INC., Masimo, and Baxter International Inc., among others.
Companies are launching new and innovative products and services to sustain their position in the Hemodynamics monitoring system market. In May 2021, Philips introduced an integrated Interventional Hemodynamic System with Patient Monitor IntelliVue X3 to improve workflow and patient focus during image-guided procedures.
The report highlights the trends prevailing in the market, along with market drivers and deterrents. Increasing geriatric population globally and rising demand for minimally invasive procedures are among the key forces driving the market. However, the use of invasive hemodynamic monitoring system monitoring systems might lead to infections at surgical sites. Also, difficulties faced during the insertion of a catheter in critically ill patients pose a challenge to the users. As the catheter is directly inserted in the pulmonary artery, the risk of injuries increases. Despite invasive hemodynamic monitoring system monitoring systems being widely used, a clear survival benefit has not yet proven, eventually hampering the market growth. Thus, risks associated with invasive hemodynamic monitoring system monitoring systems hinder the market growth.
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Based on Type, the market is segmented into noninvasive hemodynamic monitoring system, minimally invasive hemodynamic monitoring system, and invasive hemodynamic monitoring system. The noninvasive hemodynamic monitoring system is further bifurcated into NICaS and others. Based on Product, the market is classified into monitors and disposables. Based on End User, the market is segmented into hospitals, cath labs, home care, and ambulatory surgical centers. Based on Geography, the market is divided into North America (US, Canada, Mexico), Europe (France, Germany, UK, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), Middle East & Africa (Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa), South and Central America (Brazil, Argentina, and Rest of South and Central America
Based on type, the global hemodynamics monitoring system market is segmented into noninvasive hemodynamic monitoring system monitoring system, minimally invasive hemodynamic monitoring system monitoring system, and invasive hemodynamic monitoring system monitoring system. In 2021, the invasive hemodynamic monitoring system segment held the largest share of the market. However, the market for the noninvasive hemodynamic monitoring system segment is expected to grow at the highest CAGR during 2022–2028. A noninvasive hemodynamic monitoring system hemodynamic monitoring system monitoring system includes an air-filled band that can analyze blood pressure manually or automatically. The benefit of this system is that it is fast and does not require a stethoscope. Thus, hemodynamics monitoring systems market is expected to grow globally during the forecast period.
Rising Prevalence of Cardiovascular Diseases
Cardiovascular diseases (CVDs) are the leading cause of death across the globe, causing millions of deaths every year. According to the 2022 heart disease & Stroke Statistical Update Fact Sheet, Global Burden of Disease, in 2020, approximately 119.1 million people died of cardiovascular diseases. It also stated that the global prevalence of stroke and ischemic stroke in 2020 was 89.1 million and 68.2 million, respectively. The major causes of cardiovascular diseases are hypertension, obesity, and diabetes.
The prevalence of cardiovascular diseases is also high in North America. As per the National Center for Chronic Disease Prevention and Health Promotion, Division for Heart Disease and Stroke Prevention, ~697,000 people the US died due to heart disease, which is one in every five deaths. Moreover, according to the American Heart Association, by 2035, over 130 million Americans, or 45.1% of people, are likely to have some form of cardiovascular disease. Additionally, cardiovascular diseases are the leading cause of mortality and a major cause of morbidity in Europe. CVD causes 45% of total deaths in Europe and 37% in the EU.
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