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Blood Flow Measurement Devices Market Expected To Reach US$ 851.3 Mn By 2026

Amey Godbole
Blood Flow Measurement Devices Market Growth, Future Prospects, and Competitive Analysis, 2018–2026” the blood flow measurement devices market was valued at US$ 376.2 Mn in 2017 and projected to reach US$ 851.3 Mn by 2026 at a CAGR of 9.5% over the forecast period from 2018 to 2026.
Based on Application, the Others Segment Forecast to Register Comparatively Higher CAGR from 2018 to 2026
The Others segment comprises intracranial pressure monitoring in neurointensive care, microvascular surgery, and coronary artery bypass grafting (CABG) would register the significant market growth during the forecast period. This is attributed to a worldwide surge in the number of CABG procedures performed. Various blood flow meters took transit-time ultrasound flow measurement resolution to the highest level and configured with microvascular flow probes during microvessel (microvascular) surgeries. Adoption of non-invasive technologies with blood flow meters for direct measurement of intracranial pressure (ICP) in neurointensive care is fostering the market growth.
Market Insights
The blood flow measurement devices market is expected to exhibit phenomenal CAGR during the forecast period from 2018 to 2026. Drivers accountable for the market growth are worldwide growing aging population coupled with the surging prevalence of chronic diseases, increasing preference from users for noninvasive devices, and rising technological developments in blood flow meters. The development of an integrated laser Doppler blood flow micrometer with a wireless sensor is used to measure blood flow. Recent launches of portable & battery-operated blood flow meters measure blood flow without switch and plug constraints. New rotating permanent magnet excitation scheme is developed and used in blood flow measurement devices. The battery-powered technology allows the portability of the measurement probe available in the device, low power consumption, lightweight, and lesser expensive compared to conventional systems. Additionally, availability of portable flow probe and integrated signal processing & flow display with improved magnetic field offers greater patient safety, superior sensitivity, accuracy, and stability to environmental changes. Few organizations are extended their technologies by developing portable, compact blood flow sensors and linked further this blood flow sensor to a smartphone to visualize the blood flow regularly over a prolonged period.
Furthermore, it has been analyzed that the demand for minimally invasive procedures from users is on the rise; however, invasive blood flow meters enable to perform accurate & precise fluid flow measurements in or around blood vessels. In addition, some market participants are developing novel visualization solutions, which bring natural stereoscopic sight to minimally invasive procedures will assist in the market growth.
North America Holds Dominant Position due to Larger Adoption of Blood Flow Measurement Devices
North America held the highest market share in 2017 due to the presence of major market players & well-established healthcare infrastructure, change in the shift towards adoption of minimally invasive procedures coupled with rising spending over healthcare. According to an article published in the Wall Street Journal, Americans spend more on healthcare than any other country in the world. By 2025, the U.S. will spend nearly 20.0% of its gross domestic product (GDP) on health up from the current level of about 18.0%. Increasing drug & healthcare related prices will drive the healthcare spending in the near future.
The Presence of International Market Participants Makes Market Penetration Challenging for New Entrants
Major players in this space are Cook Medical; Arjo; Atys Medical; Compumedics Limited; Deltex Medical Group plc; GF Health Products, Inc.; Medistim; Biomedix, Inc.; Moor Instruments; and ADInstruments. These key market participants are implementing organic & inorganic growth strategies growth strategies such as merger & acquisition (M&A), new product launches, collaborations, and partnerships in order to get a competitive benefit. Rising US Food and Drug Administration (US FDA)’s approvals & launches of new blood flow meters with novel advanced technologies are gaining higher momentum in the market. For instance, in June 2013, Cook Medical launched Doppler DP-M350 Blood Flow Monitor that detects changes in blood flow during free flap procedures.
 Amey Godbole (Editor)
Amey Godbole is a Senior Research Analyst working with Credence Research since its inception. He has an experience of market research in the fields of E-commerce, Information Technology (IT) Services & Solutions and Electronics segments. Amey has completed B.E. with specialization in Electronics & Telecommunication from University of Mumbai and MBA in Marketing.
Contact:
Mo. No. 919719670423

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