The report is titled as ‘Blood Flow Measurement Devices Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the blood flow measurement devices market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Blood flow measurement devices market is expected to grow with significant rate in the near future.
The blood flow measurement devices market in 2020 is accounted for more than US$ 491.9 Mn and expected to reach at a value of US$ 1,034.4 Mn by 2028 with a significant CAGR of 9.8%.
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Blood Flow Measurement Devices Introduction
Blood flow measurement devices play an important part under diagnostic and research segment in healthcare sector. Blood flow measurement devices aid the physician to understand the nature of the blood flow to vital organs and abnormal changes in the blood flow velocity, which can cause malformation of vessels.
Various diseases and disorders such as hypertension and diabetes can cause changes in blood supply to vital organs such as kidney, brain, heart, liver; which if left untreated can result in organ failure. Measurement of blood flow can provide essential information that can be analyzed for accurate disease diagnosis.
Blood Flow Measurement Devices Market Dynamics
Growing prevalence of cardiovascular disorders is the first and foremost factor driving the growth of global blood flow measurement devices market. Moreover increasing aging demographics would fuel the growth of global blood flow measurement devices market.
It is estimated that 70–80% of all ICDs implanted for the indication of sinus node dysfunction (SND) occur in patients over the age of 65. According to WHO, The absolute number of people aged 60 years and over is expected to increase from 605 million to 2 billion by 2050.
Technological advancements such as non-invasive blood flow measurement devices are expected to increase the penetration of blood flow measurement devices across all end users. Growing instances of cardiac arrhythmias is fueling growth of global blood flow measurement devices market.
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Blood Flow Measurement Devices Market Regional Segmentation Overview
On the basis of region, the global blood flow measurement devices market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. North America blood flow measurement devices market is expected to be the most dominating market throughout the forecast period due to increasing number of cardiac interventional procedures and growing patient pool.
Presence of key players in Europe makes it second largest market for blood flow measurement devices. Asia Pacific blood flow measurement devices market is expected to witness highest growth rate due to increasing number of hospitals and medical institutes.
Blood Flow Measurement Devices Market Segmentation
The global blood flow measurement devices market is segmented on the basis of product type, modality, application, end user and region. On the, basis of product type, blood flow measurement devices market is segmented as Ultrasonic Doppler Blood Flow Devices (further segmented as digital Doppler, bilateral Doppler, Multi-range Doppler), Laser Blood Flow Meters, Electromagnetic Blood Flow Meters etc. Based on modality global market is segmented as hand-held devices, table top devices and portable devices. Based on application global market is segmented as surgical applications, diagnostic applications, Post-operative management and others. On the basis of end user, global blood flow measurement devices market is segmented into hospitals, ambulatory surgical centers, trauma centers, and etc.
Blood Flow Measurement Devices Market Key Players
Global market for blood flow measurement devices is dominated by Flowtronics Inc., Ace Medical, Cook Medical, Biomedix Inc., Deltex Medical Group Plc., Moor Instruments, Carolina Medical Plc and Compumedics Ltd., Elcat GmBH, BIOPAC Systems, Inc., Perimed AB, Medistim ASA etc. among others.
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