by The global Blood Flow Measurement Devices Market is estimated to be valued at US$695.78 million in 2023 and is expected to exhibit a CAGR of 8.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Blood flow measurement devices measure the volume of blood flow through vessels, organs, and tissues. Devices such as Doppler ultrasound, laser Doppler, and electromagnetic blood flow meters are commonly used to measure blood flow parameters in various clinical applications. These devices monitor blood circulation and vascular functions to detect vascular diseases.
Market key trends:
One of the key trends in the blood flow measurement devices market is the shift from invasive to non-invasive devices. Earlier blood flow measurement required invasive procedures such as vessel cannulation. However, non-invasive devices such as Doppler ultrasound and laser Doppler offer accurate blood flow measurement without any incisions or punctures. These devices measure blood flow parameters such as velocity, volume, and vessel imaging through ultrasound signals transmitted into tissues. Their non-invasive nature reduces risks, provides painless measurement, and enables outpatient clinical use. Moreover, technological advancements have improved the accuracy and usability of non-invasive blood flow measurement devices. One of the key trends in blood flow measurement devices market is the rising adoption of non-invasive devices. Previously, invasive procedures such as intravascular catheter placement were commonly used for blood flow measurement. However, non-invasive devices such as Doppler ultrasound systems and laser Doppler flowmeters are gaining more preference due to their advantages such as being painless, causing no blood vessel damage, and allowing continuous monitoring of blood flow. This trend is expected to continue in the forecast period.
SWOT Analysis
Strength: Non-invasive nature of devices prevents complications associated with invasive procedures. Weakness: High costs of advanced devices limit widespread adoption. Opportunity: Growing elderly population increasing demand for easy-to-use home care monitoring devices. Threats: Presence of alternative measurement techniques can hinder market growth.
Key Takeaways
The Global Blood Flow Measurement Devices Market Demand is expected to witness high growth, exhibiting CAGR of 8.8% over the forecast period, due to increasing geriatric population suffering from cardiovascular diseases.
Regional analysis
North America is currently the largest market for blood flow measurement devices due to presence of highly developed healthcare infrastructure and rising prevalence of peripheral artery disease in the region. The Asia Pacific market is expected to grow at the fastest rate during the forecast period due to rapidly increasing healthcare spending and growing medical tourism industry in the region.
Key players
Key players operating in the blood flow measurement devices market are Arjo, Atys Medical, Compumedics Ltd., Cook Medical Inc., Deltex Medical Ltd., GF Health Products, Inc., Medistim ASA, Moor Instruments Ltd., Perimed AB, Transonic Systems, Inc., Medtronics, Biomedix Inc, AKW Medicals Inc., D E Hokanson Inc., Elcat GmBH, Flowtronics Inc., Ace Medicals, Carolina Medical Plc, and Compumedics Ltd.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
