Blood Flow Measurement Devices Market
Number of pages: 100 | Report Format: PDF | Published date: February 01, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
|
Report Attribute |
Details |
|
Market Size Value in 2021 |
US$ 600 million |
|
Revenue Forecast in 2030 |
US$ 1,292 million |
|
CAGR |
8.9% |
|
Base Year For Estimation |
2021 |
|
Forecast Period |
2022-2030 |
|
Historical Year |
2020 |
|
Segments Covered |
Product, Application, and Region |
|
Regional Scope |
North America, Europe, Asia Pacific, and the Rest of the World (RoW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global blood flow measurement devices market is valued at US$ 600 million in 2021 and is expected to register a revenue CAGR of 8.9% to reach 1292 million by 2030.
Blood Flow Measurement Devices Market Fundamentals
Blood flow measurement devices are used to monitor vascular blood flow. These devices are typically found in medical laboratories and can be used to help diagnose a range of medical issues, from anemia and hypertension to heart disease. The measurement device is usually connected to the patient through various methods, such as a cuff or a catheter, and it can measure the rate, pressure, and volume of the blood flow. The accuracy of the results depends on the type of device used and the operator's skill. Blood flow measurement devices are a great way to accurately measure the amount of blood pumped through various body parts. These devices can be used to monitor the heart health and that of other organs, or even to track the progress of a medical procedure. They can also help diagnose various conditions, such as cardiovascular and circulatory disorders.
Blood flow measurement devices are becoming increasingly popular due to their accuracy and easy-to-use design. The need for blood flow measurement devices is rising as diabetes and cardiovascular disorders are becoming more prevalent in the general population. Blood flow scanning is also necessary for real-time monitoring during operations and disorders caused by lifestyle choices. The need for healthcare facilities to treat patients with cardiovascular disorders is urging industry leaders to use cutting-edge technology to offer improved healthcare to patients. This factor is leading to significant revenue growth opportunities for the market for blood flow measurement equipment.
Ultrasonic and electromagnetic systems are the two main types of in vivo blood flow measuring equipment commercially available. There are two types of ultrasonic probes. The first kind of flow probe monitors Doppler shifts caused by blood flow in a vessel (Doppler flowmetry). The second kind of flow probes, called transit-time volume flow sensors, gauge how long an ultrasonic wave takes to travel across a waterway. The flow probe or sensor must be extremely accurate and display signal linearity over the flow range in the vessel of interest to measure blood flow in any vessel. Additionally, compact design, compactness, and weight are important qualities when selecting a blood flow measurement device. Moreover, the biocompatibility of flow probes is another crucial characteristic; the sensor must behave inertly toward the biological system.
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Blood Flow Measurement Devices Market Dynamics
Demand for blood flow measurement devices has been on the rise in recent years due to the increasing availability of devices, improved accuracy of measurement, and the growing emphasis on patient safety. With the rising demand for blood flow measurement devices, manufacturers are investing in new technologies to improve the accuracy and reliability of their products. Blood flow measurement devices are used in hospitals, medical research centers, and other healthcare settings to monitor and diagnose conditions, measure vital signs, and provide treatment and therapy. The trend of increasing usage of blood flow measurement devices is expected to continue in the future, which is expected to create new opportunities for manufacturers and healthcare providers to improve patient care and safety.
However, the expansion of the global blood flow measurement devices market is likely to be hindered by the development of alternative treatments for cardiovascular disorders. Also, the market is expected to face difficulties due to a lack of experienced healthcare providers.
Blood Flow Measurement Devices Market Ecosystem
The global blood flow measurement devices market has been analyzed from three perspectives: product, application, and region.
Blood Flow Measurement Devices Market by Product
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Based on product types, the global blood flow measurement devices market has been segmented into laser Doppler and ultrasound.
The ultrasound segment is further sub-segmented into ultrasound Doppler and transit-time flow meters. Of them, the ultrasound Doppler sub-segment dominates the market. Though minor local tissue heating occurs with the absorption of ultrasonic energy, ultrasound exposures are considered less dangerous than other imaging modalities, due to the use of low-energy, non-ionizing waveform ultrasound. The popularity of Doppler ultrasonography is increasing owing to its benefits, such as its easy accessibility and cost-effective nature. Doppler ultrasonography for stenosis also offers functional details. The enormous benefits of ultrasonic Dopplers over other blood flow measuring tools are projected to drive the segment's revenue growth during the forecast period. Moreover, the increasing usage of ultrasonic Dopplers in the medical field is expected to contribute to the segment's revenue growth in the next few years.
Blood Flow Measurement Devices Market by Application
Based on the application, the global blood flow measurement devices market has been segmented into invasive and non-invasive applications.
The invasive segment is further sub-segmented into CABG, microvascular surgery, and others. The non-invasive segment is sub-segmented into cardiovascular disease, diabetes, tumor monitoring, gastroenterology, and others. Due to the high number of CABG surgeries performed globally, the CABG sub-segment is expected to account for a significant market revenue share in the invasive application segment during the forecast period. At the same time, the cardiovascular disease sub-segment is predicted to account for the largest market revenue share in the non-invasive application segment. This can be attributed to the growing preference for minimally invasive procedures across developed and developing countries.
Blood Flow Measurement Devices Market by Region
Based on the region, the global blood flow measurement devices market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World.
The blood flow measurement devices market in North America is expanding at a significant pace due to the rising incidence of cardiovascular disorders and the expanding trend of self-monitoring in the region. Furthermore, technological advancements in the regional medical equipment industry and rise in focus of regional players on the development of more precise measurement systems are expected to lead to rapid growth of the North America market during the forecast period. The rising prevalence of cardiovascular disorders, increasing need for self-monitoring devices, and development of novel technologies are the key revenue growth drivers for this market. Additionally, the growing need for healthcare cost savings and acceptance of home-based healthcare solutions are promoting market development in North America.
Blood Flow Measurement Devices Market Competitive Landscape
The prominent players operating in the global blood flow measurement devices market are:
Blood Flow Measurement Devices Market Strategic Developments
The global blood flow measurement devices market is expected to register revenue growth at a CAGR of 8.9% during the forecast period.
Biomedix Inc., Elcat GmBH, Flowtronics Inc., Medtronic Plc, and Ace Medicals are among the key players operating in the global blood flow measurement devices market.
The ultrasound Doppler segment dominates the global blood flow measurement devices market in terms of revenue.
Asia Pacific is expected to register the highest revenue share of the global blood flow measurement devices market during the forecast period.
The global blood flow measurement devices market was valued at US$ 600 million in 2021.
*Insights on financial performance are subject to the availability of information in the public domain