Blood Flow Measurement Devices Market Research Report ‚Äď Forecast to 2030

Blood Flow Measurement Devices Market Research Report: Product (Ultrasound, Electromagnetic Blood Flow Meters), Application (Cardiovascular Disease, Diabetes, Gastroenterology), End-User (Hospitals & Clinics, Specialty Centers)- Forecast Till 2030

ID: MRFR/MED/4474-HCR | | Region: Global | 100 Pages         

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Blood Flow Measurement Devices Market Overview

The Blood Flow Measurement Devices Market is projected to reach USD 359.24 Million by 2030 at 8.8% CAGR during the forecast period 2022-2030. A blood flow rate device is a vital instrument in healthcare. The flow rate of blood is monitored before various medical tests and surgeries. The blood flow rate and the amount of blood flowing in the cross-section of a blood vessel per unit of time are diagnosed through the help of the device. Clinical conditions such as arterial occlusions, micro and macro diabetes complications, and other peripheral vascular conditions are diagnosed using these measurement devices. It is mandatory equipment in the hospitals and clinics; hence, the demand of the Devices Market is highly growing. 

The health sectors are acting as a major growth driver of the market. There are other growth majors that are accelerating the market's growth at the global level. The increase in the senior population and their demand for regular health check-ups are driving the market. The higher investment in the healthcare sector and increased growth of cardiovascular diseases are accelerating the market's growth.  

The technological advancements and the rise in demand for non-invasive surgeries are boosting the growth rate of the Market. Severe health conditions such as hypertension and the rise in clinical applications fuel the market in the forecasted period. 

These devices have various clinical applications in different procedures such as intracranial monitoring, peripheral vascular diseases, tumor monitoring, gastroenterology, dermatology and diabetes. The Market is noticing huge applications in vascular diseases. The market is emerging due to the growing number of obese patients, and the chances of cardiovascular disorders are rising the Blood Flow Measurement Devices Market Value.  

COVID-19 Analysis

During the COVID-19 pandemic, the Market faced huge losses initially due to the lockdown guidelines. The market's supply chain was disrupted when the imports and exports were stopped, which resulted in the downfall of the growth rate. Due to the stringent government rules, manufacturing was limited, and the industries remained close for a longer period. But in the further days, the market noticed the rise in demand when the number of patients increased in the hospital during the pandemic. Many people were infected by the deadly virus, including people with underlying diseases like cardiovascular diseases and diabetes, which led to the huge demand for blood flow measurement devices. This factor has accelerated the Blood Flow Measurement Devices Market Size and further, the market is expected to continue its growth consistency. 

Chief Factors Existing In The Market

  • Key Market Drivers

The market's growth drivers are propelling the Blood Flow Measurement Devices Market Trends at the global level. The increased rate of cardiovascular patients and the obesity rate is chiefly driving the market. The increase in demand for the minimally invasive procedure and the government's initiatives to support the market is acting as major growth drivers.

  • Market Challenges

The Blood Flow Measurement Devices Market is facing challenges affecting the market during the progress period. Challenging factors such as the stringent regulatory rules are limiting the market's growth.

  • Market Opportunities

The Blood Flow Measurement Devices Market is noticing huge growth opportunities fueling up its demand. The rise in the need for advanced treatments and growing concern about heart health set wide opportunities for the market. The increased rate of research and clinical trials and new product launch is emerging its demand.

  • Market Restraints

There are certain restraining factors that are hampering the Blood Flow Measurement Devices Market during the growth period. The higher cost of the devices and lack of experts are major constraints for the market.

Cumulative Evaluation Of The Market

The cumulative estimation of the Blood Flow Measurement Devices Market shows its progress with the presence of major growth factors. The drivers are responsible for helping the market reach its valuation while the opportunities are propelling its demand. There are even negative factors that are hindering the growth rate. The pandemic has shown mixed impact on the market; in the initial days, the market faced losses, while in the further days, the demand for the devices increased. Overall the Market is estimated to register significant growth value in the forecast period.

Market Segmentation

The Blood Flow Measurement Devices Market is segmented into application, product, and end-user.

  • By Product

The product segment of the market is categorized into electromagnetic blood flow meters, laser doppler blood flow meters, and ultrasound. The ultrasound segment consists of multi-range doppler technology, transit-time flow meters, digital doppler, ultrasound doppler, and bilateral doppler.

  • By Application

The application section of the market includes cardiovascular diseases, diabetes, gastroenterology, tumor monitoring, CABG, microvascular surgery, and others.

  • By End-User

The end-user segment of the market is fragmented into ambulatory surgical centers, specialty centers, and hospitals and clinics.

Regional Analysis

According to the geographical analysis, the Blood Flow Measurement Devices Market shows its tremendous growth in various regions such as North America, Europe, Asia Pacific and the Middle East and Africa. 

North America is showing a significant growth rate due to the rise in the number of obese patients, along with the increased rate of cardiovascular diseases is enhancing the market's growth. Other growth drivers of the regional market are the rise in the need for minimally invasive procedures, higher healthcare expenditure, approvals for blood flow measurement devices, with the government's support is boosting up the North American Market.

Europe is the second-largest market region because it occupies a good share value of the Blood Flow Measurement Devices Market Share. The region is also estimated to witness a good growth rate due to improved and advanced treatment facilities and the rising healthcare expenditure to meet the demand for better healthcare infrastructure.

The Asia Pacific is considered a rapidly growing region due to the higher rate of chronic diseases. China has huge, leading to an increase in the patient population. The growing awareness to maintain a healthy lifestyle and the availability of advanced treatment methods is driving the APAC market. The growing rate of healthcare expenditure and change in the standard of living are other factors accelerating the regional market.

The Middle East and Africa are noticing the least growth rate due to lack of awareness and limited access. Even the availability of treatment facilities is lacking in the region. In the Middle East, the UAE is observed as the largest market due to the rising development of the healthcare sector and the increasing availability of specialty care centers.

Competitive Intensity Within The Industry 

The chief industrial players accelerate the Blood Flow Measurement Devices Market Growth at the global level. The marketing strategies implementation for improving the product and further advancing the treatment is helping the market to flourish. The collaborations between the players are letting the market elevate with its importance. They check any obstacle faced by the market during its growth period. Due to their presence in prominent regions, the market is emerging at a higher pace. Here is the list of industrial players in the Market.

  • Medistim ASA

  • Cook Medical, Inc.

  • Getinge Group

  • Deltex Medical Group PLC

  • Transonic Systems, Inc.

  • Compumedics Limited¬†

  • Biopac Systems Inc.

Recent Market Developments

  • In January 2021, Medistim announced its Distributor Agreement with LivaNova to distribute Medistim products in India.

  • NIST Discovery will increase the accuracy rate in measuring blood flow for Cancer Diagnosis and other applications.

  • In March 2021, Cardiovascular Systems, Inc. announced that it has acquired peripheral support catheters from WavePoint Medical, LLC.

Report Overview

The overall study of the Blood Flow Measurement Devices Market Analysis shows its growth in the past years, and further growth is also estimated. The market dynamics are playing an effective role. The segmentation study has shown the major segments with their sub-segments. The regional report has given a clear idea of the regions covered by the market along with the growth rate. The vital role of key players is helping the market to accelerate. The developments like launches, agreements and collaborations are raising the standard of the market. The Blood Flow Measurement Devices Market Forecast is expected to reach a significant value in the coming years.

Key Industrial Segments

By Product

  • Electromagnetic Blood Flow Meters¬†

  • Laser Doppler Blood Flow Meters

  • Ultrasound

  • Multi-Range Doppler Technology

  • Transit-Time Flow Meters

  • Digital Doppler

  • Ultrasound Doppler¬†

  • Bilateral Doppler

By Application

  • Cardiovascular Diseases

  • Diabetes

  • Gastroenterology

  • Tumor Monitoring

  • CABG

  • Microvascular Surgery

  • Other

By End-User

  • Ambulatory Surgical Centers

  • Specialty Centers

  • Hospitals and Clinics

Report Scope:

Report Attribute/Metric Details
  Market Size   2030: USD 359.24 Million
  CAGR   8.8% (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Application, Product, and End-User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Medistim ASA, Cook Medical, Inc., Getinge Group, Deltex Medical Group PLC, Transonic Systems, Inc., Compumedics Limited, and Biopac Systems Inc., among others
  Key Market Opportunities

  • Increasing research and clinical trials
  • Growing market players offering newer products
  •   Key Market Drivers

  • High prevalence of cardiovascular diseases
  • High incidence of obesity
  • Increasing need for minimally invasive procedures
  • Government initiatives and support
  • Increasing demand for advanced treatments

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    Frequently Asked Questions (FAQ) :

    The blood flow measurement devices market is expected to expand at 8.8% CAGR from 2022 to 2030.

    High prevalence of cardiovascular diseases and obesity is the primary driver of the blood flow measurement devices market.

    High costs of blood flow measurement devices is the major factor expected to impede the blood flow measurement devices market growth.

    The Americas is expected to dominate in the blood flow measurement devices market till 2030.

    Transonic Systems, Inc., Cook Medical, Inc., Biopac Systems Inc., Deltex Medical Group PLC, Compumedics Limited, Medistim ASA, and Getinge Group are prominent players of the blood flow measurement devices market.