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report on “Blood Flow Measurement Devices Market Research Report – Forecast to 2023” for
Better Understanding of Revenue Model and Sources of Revenue
Market Highlights:
Blood flow measurement devices are measurement devices that are used by the physician
to understand the nature of the blood flow such as the amount of blood supplied to various
vital organs and abnormal changes in the blood flow velocity, which can cause malformation
of vessels.
The Global Blood Flow Measurement Devices Market is expected to register a CAGR of 8.8%
during the forecast period. The growth of the market is due to the increasing cardiovascular
disorders, increasing obesity rates, and growing demand for minimally invasive procedures.
Entering the untapped market is an opportunity for the blood flow measurement devices
market. Similarly, the high cost of the devices and lack of skilled professionals can hamper
the growth of the market.
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Key Players:
Some of the key players in the Blood Flow Measurement Devices Market are Medistim ASA,
Cook Medical, Inc., Getinge Group, Deltex Medical Group PLC, Transonic Systems, Inc.,
Compumedics Limited, and Biopac Systems Inc., among others.
Segmentation:
The Global Blood Flow Measurement Devices Market is segmented on the basis of
application, product, and end-user.
By product, the market is segmented into electromagnetic blood flow meters, laser Doppler
blood flow meters, and ultrasound.
By ultrasound, it is further sub-segmented into multi-range doppler technology, transit-time
flow meters, digital doppler, ultrasound Doppler, and bilateral doppler.
By application, the market is segmented into cardiovascular disease, diabetes,
gastroenterology, tumor monitoring, CABG, microvascular surgery, and others.
By end-user, the market is segmented into ambulatory surgical centers, specialty centers,
and hospitals and clinics.
Regional Analysis:
The Americas dominates the Global Blood Flow Measurement Devices Market owing to the
increasing aging population, which eventually leads to the increasing patient population.
Additionally, the increasing obesity rate along with increasing cardiovascular disorder rates
are likely to enhance the growth of the blood flow measurement devices market in the North
American region. According to the American Heart Association, in 2015, 31% of the deaths
in the U.S. were due to cardiovascular disorders. Similarly, according to the Center for
Disease Control and Prevention, in 2015, around USD 3.2 trillion was spent on healthcare
expenditure in the U.S.
Europe accounts for the second largest market due to increased cardiovascular disorders
and increasing obesity rates. Additionally, the increasing government support and improved
healthcare infrastructure along with the increasing demand for minimally invasive
treatments are driving the growth of the blood flow measurement devices market in Europe.
For instance, Eurostat estimated that over 19.2% of the population in Europe was aged 65
and above. This increasing older population is likely to lead to the increasing patient
population. These factors are likely to drive the growth of the blood flow measurement
devices market.
Asia Pacific is the fastest growing market for blood flow measurement devices whose growth
is attributed to the increasing population and the improving standard of living. Additionally,
increasing healthcare expenditure and demand for new treatment options along with the
rise in government support are likely to drive the growth of the market. India and China are
the major contributors to the market growth due to the rapid development of healthcare
infrastructure in these regions and increasing demand for diagnostic services.