Rising prevalence of cardiovascular disorders & diabetes are among some of the key factors driving revenue growth of the hemodynamic monitoring devices market
VANCOUVER, BC, CANADA, March 25, 2022 /EINPresswire.com/ -- Hemodynamic Monitoring Devices Market Upcoming Trends, Strategies Development:The Global Hemodynamic Monitoring Devices Market size is expected to reach USD 1,566.7 Mn at a steady CAGR of 6.1% in 2028, according to latest analysis by Emergen Research. Rapidly increasing global geriatric population and rise in deployment of non-invasive home-based monitoring systems is fueling market revenue growth.
Hemodynamic monitoring devices help in monitoring blood volume, ECG, heart rate, blood gas analysis, blood pressure, central venous pressure, temperature, and oxygen perfusion/peripheral venous oxygen saturation. These devices are also useful in monitoring patients in critical care units after surgery. Significant increase in the number of surgeries and new hospitals being built in developing countries are other major factors driving market growth.
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The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies, and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions among others.
Prominent Players Analyzed in the Report:
GE Healthcare, Drager Medical GmbH, Edward Lifesciences Corporation, Philips Medical, Hemo Sapiens, Inc., Deltex Medical, Lidco Group, Schwarzer Cardiotek GmbH, Tensys Medical Inc., and Koninklijke Philips NV.
Growing trend of hospital system digitalization and integration of monitoring devices with computers is gaining traction across developing as well as developed countries, which is propelling market revenue growth. Integrated systems allow critical care unit personnel to view various parameters of patients using a single machine. This makes the whole procedure easier for hospital staff and reduces chance of errors.
Technological advancements and increased funding by government bodies and private players is also contributing to growth of the global hemodynamic monitoring devices market. However, lack of skilled professionals and limited awareness regarding these devices is hampering market growth to a certain extent.
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Some Key Highlights from the Report
In October 2020, Getinge launched NICCI, which is an advanced hemodynamic monitoring device used to gain continuous and non-invasive hemodynamic insights. The device helps in reducing risks of severe complications in patients with low blood pressure. Risks associated with hypotension can be reduced with continuous, non-invasive blood pressure monitoring. The product has already been awarded Red Dot Award 2020 for its design.
Minimally invasive hemodynamic monitoring systems segment revenue is expected to expand at a rapid growth rate during the forecast period. Minimally invasive hemodynamic monitoring systems reduce risk of internal infections and are more patient-friendly, and preference for these systems is relatively high. Minimally invasive cardiac output monitors allow for better time efficiency in the emergency department and offer valuable information regarding a patient’s cardiovascular status.
Home care settings segment revenue is expected to register a rapid growth rate during the forecast period due to rising need to monitor patients after surgeries. Surge in prevalence of diabetes, cardiac disorders, hypertension, and low blood pressure has created rising demand for hemodynamic monitoring devices for home care settings.
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Furthermore, the report divides the Hemodynamic Monitoring Devices market into key segments and sub-segments to offer an analysis of the product type and application spectrum of the industry. It also offers predictions about the segments expected to show significant growth during the projected timeline.
Product Outlook (Revenue, USD Million; 2018–2028)
Monitors
Disposables
Type Outlook (Revenue, USD Million; 2018–2028)
Minimally Invasive Hemodynamic Monitoring Systems
Invasive Hemodynamic Monitoring Systems
Noninvasive Hemodynamic Monitoring Systems
End-use Outlook (Revenue, USD Million; 2018–2028)
Hospitals
Clinics and ambulatory care centers
Home care settings
Regional Outlook (Revenue, USD Million; 2018–2028)
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Spain
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
Israel
Rest of MEA
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Overview of the Hemodynamic Monitoring Devices Market Report:
Introduction, Product Scope, Market Overview, and Opportunities
Analysis of the Manufacturers with sales, revenue, and price analysis
Comprehensive analysis of the competitive landscape
Extensive profiling of the key competitors along with their business strategies and market size
Regional analysis of the market along with sales, revenue, market share, and global position
Country-wise analysis of the market along with types, applications, and manufacturing
Strategic recommendations to established players as well as new entrants
In-depth analysis of the risks, restraints, and limitations in the Hemodynamic Monitoring Devices industry
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Hemodynamic Monitoring Devices Market Segmentation & Impact Analysis
4.1. Hemodynamic Monitoring Devices Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Rise in the prevalence of cardiac disorders and diabetes
4.2.2.2. Advances in technology due to funding by private players
4.2.3. Market restraints analysis
4.2.3.1. Stringent FDA guidelines for approval of new systems
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Hemodynamic Monitoring Devices Market By Product Insights & Trends, Revenue (USD Million)
Continued……
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