Blood flow measurement devices helps healthcare professionals to monitor blood flow in patients suffering from cardiovascular diseases. Devices like doppler ultrasound systems, laser doppler flowmeters, and electromagnetic blood flowmeters are used to detect abnormalities in blood vessels. The devices provide accurate readings of blood volume and flow velocity through non-invasive procedures. The global Blood Flow Measurement Devices Market is estimated to be valued at US$ 639.05 million in 2023 and is expected to exhibit a CAGR of 8.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends: Rising prevalence of cardiovascular diseases across the globe is primarily driving the growth of the blood flow measurement devices market. According to the World Health Organization, cardiovascular diseases are the leading cause of death globally, taking an estimated 17.9 million lives each year. Growing geriatric population who are more prone to cardiovascular issues is also fueling the demand for advanced blood flow monitoring devices for quick diagnosis and treatment. This is propelling innovative product launches incorporating latest technologies for accurate and minimally-invasive cardiac output monitoring.
SWOT Analysis
Strength: Blood flow measurement devices offer non-invasive and precise blood flow assessment. These help monitor blood circulation levels in patients suffering from cardiovascular diseases.
Weakness: High costs associated with advanced blood flow measurement devices limit their adoption in low and middle-income countries. Device portability and ease of use can also be improved.
Opportunity: Rising geriatric population prone to circulatory illnesses drives demand. Growing healthcare investments in emerging nations present an opportunity for manufacturers.
Threats: Alternative medical imaging technologies pose competition. Economic slowdowns can negatively impact market revenues. Stringent regulatory approvals also delay product launches.
Key Takeaways
The global blood flow measurement devices market is expected to witness high growth.
Regional analysis: North America currently dominates due to substantial healthcare spending and widespread device availability. However, Asia Pacific is poised to emerge as the fastest growing regional market owing to rising medical Tourism and improvements in healthcare infrastructure in countries such as China, India, and South Korea.
Key players operating in the blood flow measurement devices market are Arjo, Atys Medical, Compumedics Ltd., Cook Medical Inc., Deltex Medical Ltd., GF Health Products, Inc., Medistim ASA, Moor Instruments Ltd., Perimed AB, Transonic Systems, Inc., Medtronics, Biomedix Inc, AKW Medicals Inc., D E Hokanson Inc., Elcat GmBH, Flowtronics Inc., Ace Medicals, Carolina Medical Plc, and Compumedics Ltd. The market is currently led by Medistim, Transonic Systems, Cook Medical, and Deltex Medical based on product portfolios and geographical presence. Industry players are focusing on new product launches and geographical expansion tactics to strengthen their market position.
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1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it