Blood Flow Measurement Devices Market, By Product Type, By Application, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2023-2030
Blood Flow Measurement Devices Market size was valued at USD 597.3 Million in 2022, expanding at a CAGR of 9.9% from 2023 to 2030.
Blood flow measurement devices are essential tools in the field of medicine that are specifically designed to evaluate and quantify the movement of blood within the blood vessels of the human body. These devices serve a crucial purpose in the diagnosis and monitoring of various conditions such as peripheral arterial disease (PAD), deep vein thrombosis (DVT), and other vascular disorders. Moreover, they play a significant role in assessing the blood flow within the heart and major arteries, thereby aiding in the accurate diagnosis and effective management of cardiovascular diseases. For instance, electromagnetic blood flowmeters and flow probes are commonly utilized to measure the blood flow within the blood vessels throughout the circulatory system. This electromagnetic flow equipment are renowned for providing the most precise measurement of blood flow available, both for acute and chronic implants.
The increasing prevalence of peripheral vascular diseases is expected to propel the market growth
Peripheral vascular diseases are a significant contributor to both morbidity and limb loss within the United States. In order to enhance patient outcomes, it is crucial to identify these conditions early on and modify any associated risk factors. Given the rising prevalence of peripheral vascular diseases, there is a pressing need for improved diagnostic capabilities. Blood flow measurement devices play a vital role in diagnosing these conditions and assessing their severity. According to WebMD, approximately 8.5 million individuals in the United States are affected by peripheral vascular disease, with a higher incidence among those aged 60 and above, impacting around 12% to 20% of this age group. Moreover, individuals with diabetes are also commonly affected. Furthermore, ongoing technological advancements hold the potential for the development of more precise and efficient blood flow measurement devices. However, the high cost of advanced devices and limited awareness in developing regions may impede market growth.
As per the analysis shared by our research analyst, the global Blood Flow Measurement Devices market is estimated to grow annually at a CAGR of around 9.9% over the forecast period (2023-2030)
The Blood Flow Measurement Devices industry is projected to grow at a significant rate due to the growing prevalence of cardiovascular diseases
Based on product type segmentation, Ultrasound was predicted to show maximum market share in the year 2022
Based on application segmentation, Non-Invasive was the leading type in 2022
On the basis of region, North America was the leading revenue generator in 2022
The Global Blood Flow Measurement Devices Market is segmented on the basis of Product Type, Application, and Region.
The market is divided into three categories based on product type: Ultrasound and Laser Doppler. Ultrasound technology continues to reign supreme in the medical market as a valuable tool for measuring blood flow. Its non-invasive and versatile approach makes it an ideal choice for assessing circulatory dynamics in a variety of medical contexts. With ongoing advancements in technology, ultrasound-based blood flow measurement devices are becoming even more precise and clinically useful.
The market is divided into three categories based on Application: Non-Invasive and Invasive. Non-Invasive dominates the market. Non-intrusive blood flow measurement devices have been specifically developed to evaluate blood circulation within the body without resorting to invasive techniques like catheterization. These devices hold immense significance across multiple medical domains, encompassing cardiology, vascular surgery, and critical care.
Geographically, the Blood Flow Measurement Devices Market is spread across various regions including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided based on the countries involved in business activities. The growth of the market is expected to be dominated by North America, primarily due to its robust healthcare system and extensive research and development efforts. The region places a strong emphasis on advancing medical technologies, including sophisticated blood flow measurement devices, through ongoing collaborations between academic institutions, healthcare providers, and industry players. In fact, in 2021, the United States allocated 17.8 percent of its gross domestic product (GDP) to healthcare, which is nearly double the average of other OECD countries. Furthermore, data on national health expenditure revealed that between 2014 and 2020, U.S. personal medical care expenditure grew at an average rate of 4.8 percent per year, with Arizona experiencing the highest growth rate (6.6 percent) and Vermont having the slowest growth rate (2.7 percent). Europe holds the second largest share in the Blood Flow Measurement Devices Market, primarily driven by increasing healthcare spending in the region.
The increasing preference for non-invasive diagnostic and monitoring techniques in the market acmes the significance of blood flow measurement devices that provide convenient and efficient solutions for patients. By offering extensive customer support, training programs, and educational resources, companies can enhance their competitiveness by ensuring the effective adoption and utilization of blood flow measurement devices. Ongoing research and development efforts aimed at enhancing the capabilities and applications of these devices also play a crucial role in driving market demand. In the blood flow measurement devices market, various companies compete by offering a range of technologies and solutions. As a global leader in medical technology, this company specializes in providing a diverse range of devices, including those specifically designed for cardiovascular diagnostics and monitoring.
Recent Developments:
On February 8, 2021, SunTech Medical Inc., the world's leading producer of clinical-grade blood pressure (BP) monitoring methods and gadgets, and Valencell Inc., the world's leading developer of highly precise biometric sensors for wearables, unveiled proof of principle for DeltaTrak technology.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL BLOOD FLOW MEASUREMENT DEVICES MARKET KEY PLAYERS
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
Compumedics Ltd.
GLOBAL BLOOD FLOW MEASUREMENT DEVICES MARKET, BY PRODUCT TYPE
Ultrasound
ultrasound Doppler
Transit-time flow meters
Laser Doppler
GLOBAL BLOOD FLOW MEASUREMENT DEVICES MARKET, BY APPLICATION
Non-Invasive
Cardiovascular Disease
Diabetes
Tumor Monitoring
Gastroenterology
Dermatology
Invasive
CABG
Microvascular Surgery
Reconstructive Surgery
Organ Transplantation
GLOBAL BLOOD FLOW MEASUREMENT DEVICES MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1. Blood Flow Measurement Devices Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Blood Flow Measurement Devices Market Snippet by Product Type
2.1.2. Blood Flow Measurement Devices Market Snippet by Application
2.1.3. Blood Flow Measurement Devices Market Snippet by Country
2.1.4. Blood Flow Measurement Devices Market Snippet by Region