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Rising prevalence of cardiovascular disorders are among some of the key factors driving revenue growth of the global hemodynamic monitoring devices market
VANCOUVER, BC, CANADA, May 5, 2022 /EINPresswire.com/ — Rising prevalence of cardiovascular disorders and diabetes are among some of the key factors driving revenue growth of the global hemodynamic monitoring devices market
The Global Hemodynamic Monitoring Devices Industry report presents a comprehensive analysis of the Hemodynamic Monitoring Devices market that offers valuable insights to the investors, stakeholders, and business strategists for the forecast period of 2020-2027. The report on the global Hemodynamic Monitoring Devices market presents the expected growth rate and market value the market is expected to achieve in the coming years. The Global Hemodynamic Monitoring Devices Market size is expected to reach USD 1,566.7 Mn at a steady CAGR of 6.1% in 2028, according to latest analysis by Emergen Research. Rapidly increasing global geriatric population and rise in deployment of non-invasive home-based monitoring systems is fueling market revenue growth.
Hemodynamic monitoring devices help in monitoring blood volume, ECG, heart rate, blood gas analysis, blood pressure, central venous pressure, temperature, and oxygen perfusion/peripheral venous oxygen saturation. These devices are also useful in monitoring patients in critical care units after surgery. Significant increase in the number of surgeries and new hospitals being built in developing countries are other major factors driving market growth.
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Prominent Players Analyzed in the Report:
Drager Medical GmbH
Edward Lifesciences Corporation
Hemo Sapiens, Inc.
Schwarzer Cardiotek GmbH
Tensys Medical Inc
The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies, and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions among others.
Growing trend of hospital system digitalization and integration of monitoring devices with computers is gaining traction across developing as well as developed countries, which is propelling market revenue growth. Integrated systems allow critical care unit personnel to view various parameters of patients using a single machine. This makes the whole procedure easier for hospital staff and reduces chance of errors.
Technological advancements and increased funding by government bodies and private players is also contributing to growth of the global hemodynamic monitoring devices market. However, lack of skilled professionals and limited awareness regarding these devices is hampering market growth to a certain extent.
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Some Key Highlights from the Report
In October 2020, Getinge launched NICCI, which is an advanced hemodynamic monitoring device used to gain continuous and non-invasive hemodynamic insights. The device helps in reducing risks of severe complications in patients with low blood pressure. Risks associated with hypotension can be reduced with continuous, non-invasive blood pressure monitoring. The product has already been awarded Red Dot Award 2020 for its design.
Minimally invasive hemodynamic monitoring systems segment revenue is expected to expand at a rapid growth rate during the forecast period. Minimally invasive hemodynamic monitoring systems reduce risk of internal infections and are more patient-friendly, and preference for these systems is relatively high. Minimally invasive cardiac output monitors allow for better time efficiency in the emergency department and offer valuable information regarding a patient’s cardiovascular status.
Home care settings segment revenue is expected to register a rapid growth rate during the forecast period due to rising need to monitor patients after surgeries. Surge in prevalence of diabetes, cardiac disorders, hypertension, and low blood pressure has created rising demand for hemodynamic monitoring devices for home care settings.
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Furthermore, the report divides the Hemodynamic Monitoring Devices market into key segments and sub-segments to offer an analysis of the product type and application spectrum of the industry. It also offers predictions about the segments expected to show significant growth during the projected timeline.
Product Outlook (Revenue, USD Million; 2018–2028)
Type Outlook (Revenue, USD Million; 2018–2028)
Minimally Invasive Hemodynamic Monitoring Systems
Invasive Hemodynamic Monitoring Systems
Noninvasive Hemodynamic Monitoring Systems
End-use Outlook (Revenue, USD Million; 2018–2028)
Clinics and ambulatory care centers
Home care settings
Regional Outlook (Revenue, USD Million; 2018–2028)
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East & Africa
Rest of MEA
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Key points covered in the report:
A detailed outlook of the market with essential data beneficial for business
Market segmentation based on product types, applications, and end-users. For further understanding, the key segments are further divided into sub-segments
Growth factors, driving and restraining factors, product trends, and technological advancements are extensively discussed
Latest product developments, incorporation of new techniques and profiles of major competitors
An 8-year forecast estimation detailing the growth and expansion scope of the Hemodynamic Monitoring Devices market
In-depth analysis of the historical years (2017-2018) and forecast period (2020-2027)
Market dynamics with information of players, challenges, restraints, threats, and opportunities
SWOT analysis and Porter’s Five Forces analysis of the top vendors
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