Blood flow measurement devices are used for the diagnosis of peripheral artery disease, deep vein thrombosis, and evaluation of arteriovenous access for dialysis. The increasing incidence of cardiovascular diseases is a major factor driving the growth of the blood flow measurement devices market. According to the American Heart Association, cardiovascular diseases account for over 836,546 deaths in the United States in 2016. Blood flow measurement devices aid diagnosis by determining the amount of blood flowing through blood vessels. Doppler ultrasound devices, laser Doppler devices, and electromagnetic blood flow meters are some commonly used measurement devices.
The global Blood Flow Measurement Devices Market is estimated to be valued at US$ 639.05 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 key trends:
Miniaturization of blood flow measurement devices has led to their increased adoption in chronic disease monitoring and home healthcare applications. Recent developments such as wearable ultrasound sensors and finger-clip ultrasound devices are portable and allow for continuous monitoring of blood flow parameters. This is expected to drive the growth of the market as it enables early disease detection and remote patient monitoring. Constant innovation to develop easy to use and non-invasive blood flow measurement devices suitable for point-of-care testing will further support the market growth over the forecast period.
Segment Analysis
The global blood flow measurement devices market is dominated by doppler ultrasound devices segment. Doppler ultrasound devices account for the largest share as these devices are non-invasive, easy to use and provide accurate blood flow readings. Doppler ultrasound devices are widely used in hospitals, clinics, diagnostic centers and ambulatory surgical centers for vascular, cardiac and other blood flow related assessments.
Key Takeaways
The global blood flow measurement devices market is expected to witness high growth over the forecast period of 2023 to 2030.
Regional analysis: North America is currently the dominating and fastest growing regional market for blood flow measurement devices. Factors such as rising incidences of cardiovascular diseases, growing geriatric population, presence of advanced healthcare infrastructure and favorable reimbursement policies are supporting market growth in North America.
Key players operating in the blood flow measurement devices market include Arjo, Atys Medical, Compumedics Ltd., Cook Medical Inc., Deltex Medical Ltd., GF Health Products, Inc., Medistim ASA, Moor Instruments Ltd., Perimed AB, and Transonic Systems, Inc. These established market players are focusing on new product launches, geographical expansion and obtaining regulatory approvals to consolidate their market position. For instance, Medtronic launched its latest ultrasound Doppler probes and peripheral kit in 2022 to strengthen its product portfolio for non-invasive vascular assessment. Biomedix Inc, AKW Medicals Inc., D E Hokanson Inc., Elcat GmBH, Flowtronics Inc., Ace Medicals, Carolina Medical Plc, and Compumedics Ltd. are some other prominent players in the market.
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