Global hemodynamic monitoring devices market is projected to exceed USD 1523 million by 2025, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2018-2025.
For the uninitiated, hemodynamic monitoring devices are primarily used to analyze cardiac health, quality, and resilience of individuals affected by and recovering from cardiovascular surgeries. These parameters are measured through electrical, pressure transducing equipment, photometric, invasive and noninvasive devices. Moreover, the hemodynamic monitoring system also uses numerous intravascular catheters.
According to the report, the factors that primarily boost the global hemodynamic monitoring devices market include the burgeoning demand for medical analysis of severe congenital heart disease (CCHD), high prevalence of respiratory disease, rising occurrences of lifestyle diseases, increasing initiatives by the private and government sector to reduce healthcare costs, and rising geriatric patient population.
Additionally, technological advancement in minimally invasive or noninvasive procedures used for hemodynamic monitoring are likely to drive the hemodynamic monitoring devices industry in the coming years. Continuous R&D initiatives by industry players to understand life-threatening diseases resulting in the creation of effective treatment products are expected to proliferate market growth over the forecast period.
The report delivers a detailed analysis of the hemodynamic monitoring devices market growth stimulators, opportunities, and restraints during the projected timeline. In addition, a comprehensive analysis of the industry on the basis of the product, type, end use, and geography are included in the report.
Based on the product, the report segments the hemodynamic monitoring devices market into monitoring systems and disposals. Based on monitoring systems, the industry is further divided into Pulmonary artery catheters, Cardiac output monitors, and others. Disposables are further categorized into Airflow Sensors, Probes, and Circuits.
In terms of type, the market is grouped into Minimally Invasive Hemodynamic Monitoring System, Non-invasive Hemodynamic Monitoring System, and Invasive Hemodynamic Monitoring System. Non-invasive devices are anticipated to depict accelerated growth over the forecast period primarily due to the growing product expansion and high demand for quality care by people.
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Based on end use the market is divided into catheterization labs and hospitals. The hospital segment was anticipated to lead the market by end-use segment in 2017, cites the report.
Based on geography, the hemodynamic monitoring devices market is bifurcated into Europe, North America, Middle East & Africa, Asia Pacific, and Latin America. North America was projected to lead the global market owing to high sales of these devices in the U.S. Furthermore, rising assurance of specialists in the upcoming non-invasive technologies is anticipated to further support regional growth throughout the forecast period.
Meanwhile, the Asia Pacific is expected to lead the hemodynamic monitoring devices market over the foreseeable duration. The government’s intensifying focus on quality healthcare, high prevalence of cardiovascular diseases, and increasing elderly population are some of the key factors expected to substantially boost the Asia Pacific hemodynamic monitoring devices market, cites the report.
Well-known industry players operating in the competitive sphere of the worldwide hemodynamic monitoring devices market include Deltex Medical, GE Healthcare, OsypkaCardiotek GmbH, Hemo Sapiens, Inc., Edward Lifesciences, and LiDCO among others. Company profiles of these industry players have been detailed in the report under business overview, product benchmarking, financials, and recent developments.