A comprehensive research report study by Researchstore.biz titled “Global Hemodynamics Monitoring System Market by Product (Disposables and Monitors), Type (Invasive, Minimally Invasive, and Non-invasive), End User (Hospitals, Clinics & Ambulatory Care Center, and Home Care Setting), Region (North America, Europe, Asia Pacific, South America and Middle East and Africa)” and Global Forecast 2018-2025.
The global hemodynamics monitoring system market is estimated to value USD 741.65 Million in 2017 and is projected to register a CAGR of 6.90% during the forecast period from 2018-2025. It is expected to reach USD 1,264.79 Million by 2025.
- Growth fueling drivers of hemodynamics monitoring system market are:
- Influx of VC funding
- The rising prevalence of cardiovascular diseases & diabetes
- Rising geriatric population and a growing number of surgeries
- Awareness initiatives by industry players
- Government focus on critical care infrastructure & services
- Technological advancements in hemodynamic monitoring systems
- Increasing research into the hemodynamic monitoring system
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The global hemodynamics monitoring system market overview:
Echocardiography and thoracic electrical bio-impedance are two of the key technologies being followed by the hemodynamics monitoring system. The system uses factors such as photometric, electrical, weight transducing hardware and intrusive and non-invasive gadgets to measure and estimate blood oxygen level, cardiac output, and central venous pressure. This system is also used in post-surgical rehabilitation of cardiac patients.
The hemodynamic monitoring system uses different intravascular catheters. Further, health-related conditions such as diabetes, heftiness, stroke, and hypertension, and their increasing rates drives the market. These illnesses require a routine evaluation of the hemodynamic parameters.
Major factors expected to drive the hemodynamic monitoring system market are:
The rising prevalence of cardiovascular diseases & diabetes
Rising geriatric population
A growing number of surgeries
Awareness initiatives by industry players
The rising prevalence of cardiovascular diseases & diabetes, rising geriatric population, a growing number of surgeries, and awareness initiatives by industry players drives the market. Moreover, government focus on critical care infrastructure & services and technological advancements in hemodynamic monitoring systems are expected to contribute to the growth of the hemodynamic monitoring system market. Risks associated with invasive hemodynamic monitoring would be the limiting factors for market growth. However, the growing demand for patient monitoring devices in non-hospital settings, increasing acceptance of new technologies is expected to uplift the hemodynamic monitoring system market over the period from 2018 to 2025.
The segmentation analysis covers the global hemodynamics monitoring system market by product, type, end user, and regions.
Disposables segment is forecasted to gain market share of 53.68% during the forecast period
Disposables and monitors are the two product segment where disposables segment is expected to see the highest CAGR over the forecast period. In addition, the population of patients undergoing diagnosis for cardiovascular diseases and the rising acceptance of disposables among medical professionals advocates procedural and technological benefits. These factors are driving the demand of disposables segment.
Invasive systems segment valued at around USD 275.45 Million in 2017
The global hemodynamics monitoring system market segmented by type covers, minimally invasive, and non-invasive system. Invasive systems section is projected to rise with the highest CAGR in hemodynamics monitoring system market. This system detects and displays correct, uninterrupted, and in-depth data on the hemodynamic state of a patient, helping to increase the market share of the invasive segment.
Regional Segmentation Analysis:
The regions covered for this market include North America, Europe, Asia Pacific, South America, and the Middle East and Africa. North America holds the largest market share of approximately 28.61% in 2017.
The growth leading factors of hemodynamics monitoring system market in this region include:
The increasing geriatric population
The increasing prevalence of diabetes and hypertension
Availability of technologically advanced hemodynamic monitoring systems
Key players competing with each other in the hemodynamics monitoring system market include: Edwards Lifesciences Corporation, PULSION Medical Systems SE, LiDCO Group plc, Cheetah Medical, Deltex Medical Group Plc, ICU Medical, Osypka Medical GmbH, CareTaker Medical, CNSystems, NI Medical, Uscom, Argon Medical Inc., Nihon Kohden Corporation, Teleflex Incorporated, and others.
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