Blood Flow Measurement Devices Market Booming Growth | Challenges Potential Benefits till 2030

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Blood flow rate is monitored as a vital health indicator before a variety of medical examinations and surgeries. Additionally, it is a requirement for routine checkups in the geriatric population. The measurement tools must be accurate and comparable to the available medical services. The market value is increasing as a result of increased healthcare costs and the frequency of cardiovascular diseases. It is highly helpful to measure the blood flowing through a blood vessel’s cross section over a certain time period using tools like transit-time flow metres (TTFM), laser Doppler, and ultrasound. Due to the dangerous repercussions of not being aware of blood pressure, consumers eagerly pick blood flow monitoring equipment, which is frequently advised by medical professionals. In healthcare sector, blood flow measurement devices play an important role under diagnostic and research segment. These devices help doctor understand the nature of the blood flow such as abnormal changes in the blood flow velocity and the amount of blood supplied to the various vital organs, which may cause malformation of vessels.

According to the research report, the global Blood Flow Measurement Devices market was valued at US$ 639.5 Million in 2022 and is expected to reach US$ 1,253.9 Million by 2030, to grow at a CAGR of 8.8% during the forecast period.

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Drivers:

Rise in product approvals and launches is expected to drive the global blood flow measurement devices market growth. For instance, in August 2019, Abiomed announced that the Impella CP with SmartAssist technology, which is designed to improve patient outcomes with advanced algorithms and simplified patient management, will be commercially available in Europe.

Restraints:

High cost of blood flow measurement devices and excise tax on medical devices are major factors expected to hamper the global flow measurement devices market growth.

Opportunities:

Increasing adoption of Internet of Things (IoT) is expected to offer significant opportunities for players in the market. For instance, in 2019, a research from the University of Toronto, Canada developed an application that can measure heart rate, blood pressure breathing rate, as well as other functions, with the help of a transdermal optical imaging software.

Key Takeaways:

Increasing prevalence of peripheral vascular diseases is expected to propel the market growth. In 2019, the peripheral vascular disease segment accounted for around 32.7% share in value terms in the global blood flow measurement devices market.

Market Trends:

Market player are adopting various growth strategies, such as merger and acquisition, to expand their product portfolio. For instance, in July 2018, Arjo signed an agreement to acquire ReNu Medical Inc. to strengthen its offering in compression therapy, such as DVT* prevention.

Moreover, rise in research and development activities are expected to drive the global blood flow measurement devices market growth. For instance, in November 2018, Deakin University, Compumedics, and Diabetes Australia received a prestigious grant to help deliver clinical-grade, consumer-accessible blood-glucose and sleep monitoring as part of Compumedics’ unique Somfit Health Management Platform

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Key Players:

Key players active in the global blood flow measurement devices market are Atys Medical, Arjo, Compumedics Ltd., Deltex Medical Ltd., Cook Medical Inc., GF Health Products, Inc., Moor Instruments Ltd., Medistim ASA, Perimed AB, Medtronics, Biomedix Inc, Transonic Systems, Inc., AKW Medicals Inc., Elcat GmBH, D E Hokanson Inc., Flowtronics Inc., Carolina Medical Plc, Ace Medicals, and Compumedics Ltd.

Research Procedure

The information featured in this report has been thoroughly filtered and tested across multiple industry standards to present dependable data determined by our internal research executives and experts. The report covers all the vital statistics related to the Blood Flow Measurement Devices Market, which are furnished via multiple research methodologies and approaches, commencing with primary and secondary research, thus arriving at logical conclusions.

Competitive Overview

The competitive force is likely to rise in the near future.

Looking at the tough competition among small and large players as well as efforts made by them, the market is predicted to see new avenues opening up. The section gives a detailed analysis of important parameters of Blood Flow Measurement Devices Market key players, including gross margin, market share, SWOT analysis, current development, future development strategies, product collection, and revenue. Leading players in the market are launching new products, upgrading older products, and integrating newer applications through various product offerings.

Moreover, the report sheds light on various business associations adopted by major contenders, such as mergers, agreements, product launches, collaborations, acquisitions, partnerships, and new developments. The report has utilized PEST analysis, SWOT analysis, and Porter’s five force analysis to deliver a qualitative and quantitative analysis of the market. The study report then covers all the regions and countries worldwide, which shows the regional development status in terms of value and volume. Finally, the report projects the future performance of this Blood Flow Measurement Devices Market.

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Highlights of The Research Report

➟ The report estimates the market share, value, and future development plans of the major industry manufacturers.

➟ It provides a better knowledge of the market’s prospects and prognosis for the time period.

➟ A comprehensive analysis of factors that drive and restrain the growth of the industry is provided.

➟ The report provides a comprehensive analysis of the market with respect to dynamics, competitive analysis, and upcoming Endoluminal Suturing Devices Market trends.

➟ The projections in this report are made by analyzing the current trends and future market potential in terms of value.

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