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Blood flow measurement devices are medical devices used to determine blood flow through arteries and veins, both qualitatively and quantitatively. These devices are widely used in hospitals, clinics, and diagnostic centers to detect various cardiovascular diseases and disorders. Common blood flow measurement technologies used include Doppler ultrasound, laser Doppler, and electromagnetic blood flow meters. Doppler ultrasound blood flow meters are among the most popular non-invasive devices used to measure blood flow velocity, volume, and direction. They are used to detect blood clots, measure limb blood pressures, assess heart valves, and monitor bypass grafts. Laser Doppler blood flow meters use the doppler shift principle to measure cutaneous blood flow and monitor microvascular function. Some key applications of these devices include monitoring of vascular reconstructive surgeries, cardiac output monitoring, and research on wound healing and peripheral vascular diseases.
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 Dynamics:
Increase in Demand for Non-invasive Diagnostic Tests
The demand for non-invasive diagnostic tests for cardiovascular diseases is increasing globally, owing to advantages such as reduced hospital stay, lowered risk of complications, and faster recovery. Doppler ultrasound and laser Doppler blood flow measurement devices are completely non-invasive and painless, with no known side effects. This is a major factor driving the adoption of these devices over invasive angiography procedures. The non-invasive nature allows regular monitoring of blood flow, which is important for management of post-surgical patients and in chronic diseases.
Rising Prevalence of Cardiovascular Diseases
Cardiovascular diseases, including coronary artery disease, heart failure, and stroke, are among the leading causes of mortality worldwide. According to the World Health Organization (WHO), cardiovascular diseases account for over 17 million deaths each year. Rise in risk factors such as obesity, smoking, and unhealthy lifestyle has contributed to the growing prevalence of these diseases. Increased diagnosis and treatment of CVDs is expected to boost the demand for specialized blood flow measurement devices for therapeutic management and monitoring.
Segment Analysis
Blood flow measurement devices market is dominated by non-invasive monitoring devices segment. Non-invasive monitoring devices occupied over 60% of the market share in 2021 owing to their advantages over invasive monitoring devices such as ease of use and less discomfort to patients. These devices are highly reliable for general monitoring of blood circulation. Devices based on Doppler effect such as Doppler ultrasound systems are most widely used non-invasive monitoring devices.
Pest Analysis
Political: Regulations regarding approval of medical devices are well defined but vary across countries. Harmonization of regulations can further boost innovations.
Economic: Rising healthcare spending coupled with growing incidence of cardiovascular and other diseases is fueling demand for blood flow measurement devices.
Social: Growing awareness about benefits of early disease diagnosis and treatment is increasing acceptance of these devices. However, high cost remains a challenge in price sensitive markets.
Technological: Integration of latest features such as wireless data transfer and advanced data analytics in devices is enhancing their efficacy. Miniaturization is helping make devices more portable.
Key Takeaways
The global blood flow measurement devices market is expected to witness high growth during the forecast period of 2023 to 2030.
Regional Analysis: North America accounted for the largest share in 2021 led by the US owing to strong healthcare infrastructure and rising incidence of artery related diseases.
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
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
