Hemodynamic Monitoring Systems Market 2020 Global Growth Insights, Trends, Size, Share and Forecast to 2023
Hemodynamic monitoring systems measure blood pressure directly from inside the arteries, heart, and veins. They also help to measure blood flow along with the oxygen content in the blood. Moreover, these systems possess interfaces that help to document electrophysiology (EP), peripheral, coronary, and diagnostic catheterizations.
The Global Hemodynamic Monitoring Systems Market Size is anticipated to touch USD 1,054 million at a 7.3% CAGR between 2017-2023, states the latest Market Research Future (MRFR) report.
Various factors are propelling the hemodynamic monitoring systems market growth. Such factors, according to the latest Market Research Future report, include awareness initiatives about hemodynamic monitoring systems by industry players, favorable compensation policies, rising aging population, rising number of hospital surgeries, the introduction of favorable government schemes for creating awareness about the respiratory and cardiovascular illness, and increasing rate of cardiovascular disorders. Additional factors propelling the growth of the hemodynamic monitoring systems market include increasing incidence of heart-related diseases, especially obesity, hypertension, and diabetes that causes heart-related disorders, including heart attacks, heart failures, and cardiac arrests, and technological advancements in both minimally noninvasive and invasive methods utilized for hemodynamic monitoring.
On the contrary, scarcity of skilled healthcare experts, adverse reactions, unfavorable reimbursement policies, and strict government regulations are factors that may hinder the hemodynamic monitoring systems market growth during the forecast period.
Key Players
Notable players profiled in the global hemodynamic monitoring systems market report include Uscom, NI Medical, CNSystems, CareTaker Medical, Osypka Medical GmbH, ICU Medical, Deltex Medical Group Plc., Cheetah Medical, LiDCO Group plc, PULSION Medical Systems SE, Edwards Lifesciences Corporation; Osypka Medical, Teleflex Incorporated, and Argon Medica. Key players have incorporated specific strategies to maintain their position in the market, such as regional expansion, product launch, mergers and acquisition, innovation, and others.
Industry News
September 2019- Baxter International has recently signed an agreement to acquire a leading manufacturer of non-invasive hemodynamic monitoring technologies, Cheetah Medical, to improve clinical outcomes through an established patient monitoring technology both to inform as well as guide the treatment decisions of clinicians.
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Market Segmentation
The Market Research Future report offers a complete segmental analysis of the hemodynamic monitoring systems market based on end use, product, and type.
By product, the hemodynamic monitoring systems market is segmented into minimally invasive, monitors, and disposables. Of these, the monitors segment will have the largest share in the market during the forecast period.
By type, the hemodynamic monitoring systems market is segmented into non-invasive, invasive, and others. Of these, the invasive segment will dominate the market during the forecast period.
By end user, the hemodynamic monitoring systems market is segmented into home care settings, ambulatory care centers, clinics, hospitals, and others. Among these, hospitals and clinics will lead the hemodynamic monitoring systems market during the forecast period.
Regional Analysis
By region, the hemodynamic monitoring systems market report covers the latest trends and growth opportunities across Europe, North America, the Asia Pacific, and the Middle East and Africa. Of these, North America will dominate the hemodynamic monitoring systems market during the forecast period. Various factors propelling the growth of the hemodynamic monitoring systems market in the region include rapid acceptance of advanced technologies, growing healthcare sector, high per capita healthcare expenditure, rising incidence of minor/major heart issues, rising prevalence of obesity, hypertension, and low/high BP that results to heart disorders and diseases.
The hemodynamic monitoring systems market in Europe will have the second-largest share during the forecast period. Various factors propelling the growth of the hemodynamic monitoring systems market in the region include rising cardiovascular issues, favorable government initiatives, accessibility of advanced treatment facilities, and rising healthcare expenditure.
The hemodynamic monitoring systems market in the APAC region will have promising growth during the forecast period. Various factors propelling the growth of the hemodynamic monitoring systems market in the region include favorable reimbursement and insurance policies, initiatives undertaken by the government to augment the quality of healthcare, rapid adoption of advanced healthcare technology, increasing incidence of cardiac disorders, and increasing geriatric population.
The hemodynamic monitoring systems market in the MEA will have moderate growth during the forecast period. Saudi Arabia and South Africa are the major contributors in this region.