Persistence Market Research (PMR), in a recent report, “Global Market Study on Hemodynamic Monitoring System: Growing Demand for Critical Congenital Heart Disease Screening to Drive the Market by 2021 ”, projected the hemodynamic monitoring systems market to expand at a healthy CAGR of 6.5% during the forecast period. The report offered trends driving the market and delivered analysis and insights on the potential of the hemodynamic monitoring systems market in specific regions.
In terms of revenue, the hemodynamic monitoring systems market was valued at US$ 328.7 Mn in 2014 and is projected to reach US$ 508.4 Mn by 2021. Factors driving market growth include government and private sector initiatives to reduce healthcare costs, rising prevalence of lifestyle diseases, growing the geriatric patient population, increasing the incidence of respiratory disorders and growing demand for the screening of critical congenital heart disease (CCHD).
As of 2014, APAC was the third-highest contributor to the overall hemodynamic monitoring systems market, accounting for over 18% market share. By the end of 2021, it is projected to gain 330 BPS.
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In terms of region, North America dominated the hemodynamic monitoring systems market with over 30% share in terms of value in 2014 but is expected to lose its market share to APAC by 2021. Europe accounted for over 20% of the total hemodynamic monitoring systems market share in 2014 and will maintain its dominance through 2021. Among the regions, APAC is projected to register the highest CAGR over 2015–2021 due to low-cost product offerings by manufacturers in the region.
On the basis of device type, the market has been segmented into pulse contour, oesophageal Doppler, volume clamp, hemodynamic monitoring sensors and pulmonary artery catheters. The pulmonary artery catheters segment had a dominant share in the global hemodynamic monitoring systems market in 2014, while the volume clamp segment accounted for over 20% share.
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Global hemodynamic monitoring systems market is further segmented on the basis of end use into hospitals, clinics, ambulatory surgery centres, home care settings and independent catheterisation laboratories. Revenue contribution of the hospitals segment was over 40% in 2014 and is projected to increase to over 42% by 2021, registering a significant CAGR of 7.3%. Home care settings segment is anticipated to record highest CAGR during the forecast period as hemodynamic monitoring systems are being adopted increasingly in home care settings.
By application type, the hemodynamic monitoring systems market is segmented into invasive hemodynamic monitoring, noninvasive hemodynamic monitoring and minimally invasive hemodynamic monitoring segments. Among the three segments, minimally invasive hemodynamic monitoring segment is expected to register the highest CAGR of 8.0% over 2015-2021.
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The invasive hemodynamic monitoring segment accounted for over 30% market share in 2014 but is projected to lose its share to the other two segments by the end of the forecast period. Competition Landscape
- Edwards Lifesciences Corporation.
- Argon Medical Inc.
- Deltex Medical Group plc.
- ICU Medical, Inc.
- LiDCO Group Plc.
- PULSION Medical Systems SE.
- Nihon Kohden Corporation.
- Teleflex Incorporated.
- Cheetah Medical, Inc.
- Osypka Medical GmbH.
More About the Report –
Unprecedented access to a world of information has given rise to the empowered, albeit distrustful, consumer. So is the case with healthcare, where the patient has been rendered more informed and conscientious thanks to the extraordinary penetration of the Internet. The discerning patient now demands more affordable, sophisticated, transparent, and personalized healthcare services, creating the need for new models for care.
The advent of health information technology (HIT) components such as electronic health records (EHR), hospital information systems (HIS), picture archiving and communication systems (PACS), and vendor-neutral archives (VNA) has had just as transformational an impact on the overall healthcare sector as the concerns regarding security and privacy. Data theft, undue access to personal health records, and cyber-attacks are very real threats that the healthcare sector faces today.
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