The global hemodynamic monitoring devices market is expected
to reach USD 1.4 billion by 2024, according to a new report by Grand View
Research, Inc. The increasing demand for non-invasive monitoring techniques
coupled with the rising prevalence of chronic illness is expected to drive the
market over the forecast period.
The hemodynamic monitoring market is
influenced by new technologies such as echocardiography, thoracic electrical
bio-impedance and others that maybe used to non-invasively monitor parameters
such as cardiac output, arterial pressure, blood oxygen level, and central
venous pressure.
Furthermore, the rising population of
critically ill patients coupled with defective healthcare facilities with
drawbacks, such as understaffing, is propelling market players to develop
minimal invasive hemodynamic monitoring devices that may be used in clinical
and home care settings. Along with the new product development, the market is
also anticipated to witness the development of technologies that help in the
early diagnosis of shock and sepsis.
Furthermore, efforts by key industry players
to understand critical illnesses at molecular levels leading to the development
of efficient assessment products are expected to be witnessed over the forecast
period. Hence, all these company strategies and the research conducted are
eventually expected to promote market growth over the forecast period.
Browse full research report on Hemodynamic
Monitoring Devices Market:
https://www.grandviewresearch.com/industry-analysis/hemodynamic-monitoring-devices-market
Further key
findings from the study suggest:
- The disposables segment is anticipated to be
the largest segment by 2024. The rising sale of hemodynamic monitoring
systems and increasing applications of these systems in home care
settings, hospitals, and clinics are expected to boost the segment growth.
- The non-invasive devices segment is expected
to be the fastest growing hemodynamic monitoring market. Risks that
include the development of arrhythmias due to the use of pulmonary artery
catheter and the development of other methodologies that measure the
cardiac output, such as echocardiographs, are the vital impact rendering
drivers.
- Asia Pacific is anticipated to be the fastest
growing regions and is anticipated to contribute to about 20.0% of the
global revenue by 2024. The strengthening of the distribution channels by
companies and the registration of products in countries, such as China,
India, Australia, and others, are expected to support the growth over the
forecast period. For instance, LiDCO Group, in their 2016 prelim report
emphasized on its strategy of appointing new distributors for the
Australian and South East Asian region.
- Major industry players are Edward
Lifesciences, LiDCO Group Plc, Deltex Medical, Philips Medical, GE
Healthcare, Noninvasive Medical Technologies, Inc., Tensys Medical, Inc.,
Cardio-Dynamics International, and Drager Medical, Inc. As mentioned
above, the new product development is expected to drive the market over
the forecast period.
- For instance, in March 2016, the LiDCO Group
received the U.S. FDA approval for the LiDCO unity and
launched the product in the European region. Along the same time, LiDCO
also succeeded in registering itself in China to explore untapped
territories and increase their global presence.
Browse request sample of this report by
Grand View Research: https://www.grandviewresearch.com/industry-analysis/hemodynamic-monitoring-devices-market/request/rs1
Grand
View Research has segmented the Hemodynamic Monitoring Devices Market on the
basis of product, type, end-use and regions.
Global
Hemodynamic Monitoring Devices Product Outlook (Revenue, USD Million, 2014 -
2024)
- Monitoring systems
- Pulmonary artery
catheters
- Cardiac output
monitors
- Others
- Disposables
- Probes
- Airflow Sensors
- Circuits
- Others
- Services
Global
Hemodynamic Monitoring Devices Type Outlook (Revenue, USD Million, 2014 - 2024)
- Invasive Hemodynamic
Monitoring System
- Minimally Invasive
Hemodynamic Monitoring System
- Non-invasive
Hemodynamic Monitoring System
Global
Hemodynamic Monitoring Devices End-use Outlook (Revenue, USD Million, 2014 -
2024)
- Hospitals
- Catheterization
Laboratories
- Others
Hemodynamic
Monitoring Devices Market Regional Outlook (Revenue, USD Million, 2014 - 2024)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- Japan
- China
- Latin America
- Brazil
- Mexico
- MEA
- South Africa
- Saudi Arabia
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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