Blood Flow Measurement Devices Market By Product (Ultrasonic Doppler Blood Flow Meters, Laser Doppler Blood Flow Meters, Electromagnetic Blood Flow Meters, Nuclear Magnetic Resonance (NMR) Blood Flow Meters), By Application (Cardiovascular Diseases, Gastroenterology, Diabetes, Dermatology, Tumor Monitoring & Angiogenesis, Others) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

29 Aug 2018 Format PDF icon PPT icon XLS icon Request Sample

Blood Flow Measurement Devices Market to Exhibit Healthy Growth during the Forecast Period from 2018 to 2026

The global blood flow measurement devices market accounted for a value of US$ Mn in 2017 and expected to attain US$ Mn by 2026. Drivers responsible for the market growth are globally growing elderly population coupled with rising prevalence of chronic diseases, increasing preference from users for noninvasive devices, and mounting technological developments in blood flow meters. The World Health Organization (WHO) stated that global elderly population would rise from 841.0 Mn in 2013 to 962.3 Mn in 2017 to cross 2.0 Bn by 2050. This geriatric population is more prone to develop chronic diseases (cardiovascular diseases, diabetes, and chronic dermatitis & gastritis), and other targeted diseases. As per the data provided by WHO, worldwide 17.7 Mn people die from cardiovascular diseases (CVDs) accounting for 31.0% of all deaths every year. Low-income and middle-income countries’ population are highly suffering from CVDs. Blood flow meters monitor the blood flow in several blood vessels and measure the cardiac output, thereby used in the management of cardiovascular diseases.

The Ultrasonic Doppler Blood Flow Meters Segment led the Market in 2017

On the basis of product, the blood flow measurement devices market is categorized into ultrasonic Doppler blood flow meters, laser Doppler blood flow meters, electromagnetic blood flow meters, and nuclear magnetic resonance (NMR) blood flow meters. The ultrasonic Doppler blood flow meters segment would continue the dominance over the forecast period from 2018 to 2026 due to its broad-ranging applications to measure the velocity of blood flow at an arbitrary position within patients suffering from cardiovascular diseases, and intracranial pressure monitoring. These flow meters are used in the arterial line of an extracorporeal circulation system (EC) or heart-lung bypass procedures.

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.

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.

The current report also incorporates qualitative analysis of market variables such as key market drivers, restraints, opportunities, and trends which convey better market information of the entire blood flow measurement devices. Additionally, the report also comprises a graphical illustration of the competitive landscape based on their market initiatives & strategies, product portfolio, financial information, and key developments. Major market participants profiled in the study report are Cook Medical; Arjo; Atys Medical; Compumedics Limited; Deltex Medical Group plc; GF Health Products, Inc.; Medistim; Biomedix, Inc.; Moor Instruments; and ADInstruments.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Blood Flow Measurement Devices market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Blood Flow Measurement Devices market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Research Period  2022-2032
Base Year 2023
Forecast Period  2024-2032
Historical Year  2022
Unit  USD Million
  • Ultrasonic Doppler Blood Flow Meters
  • Laser Doppler Blood Flow Meters
  • Electromagnetic Blood Flow Meters
  • Nuclear Magnetic Resonance (NMR) Blood Flow Meters

  • Cardiovascular Diseases
  • Gastroenterology
  • Diabetes
  • Dermatology
  • Tumor Monitoring & Angiogenesis
  • Others (Intracranial Pressure Monitoring in Neurointensive Care, Microvascular Surgery, CABG)

 Region Segment (2022-2032; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Blood Flow Measurement Devices market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2032.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Blood Flow Measurement Devices market?
  • Which is the largest regional market for Blood Flow Measurement Devices market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Blood Flow Measurement Devices market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Blood Flow Measurement Devices market worldwide?
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