Key factors driving the growth of this market are technological advances in hemodynamic monitoring systems, increasing research on hemodynamic monitoring systems, inflow of VC funds, increasing prevalence of cardiovascular diseases and diabetes, increasing geriatric population and increasing number of surgeries, and industry-specific recognition plan. Players and governments focus on critical care infrastructure and services.
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A hemodynamic monitoring system refers to a type of system deployed to closely examine a patient's blood flow within different parts of the circulatory system and to obtain various metrics such as blood pressure and oxygen in the blood.
Market Segmentation
Basis on product, the global market is segmented into two broad categories monitors and disposables. the disposables segment is expected to account for the largest share of the hemodynamic monitoring systems market owing to the presence of a large patient population undergoing diagnosis for vascular diseases; increasing adoption of disposables among medical professionals owing to their procedural and technological benefits; and ongoing technological advancements in catheters, probes, sensors, and guidewires.
Basis on type, the hemodynamic monitoring systems market is segmented into invasive, minimally invasive, and noninvasive systems. the invasive systems segment is expected to account for the largest share of the global market.
Basis on end user, the hemodynamic monitoring systems market is segmented into hospitals, clinics and ambulatory care centers (ACCs), and home care settings. hospitals segment is expected to account for the largest share of the global market. The large share of this segment can be attributed to the presence of big cath labs in hospitals, successful application of hemodynamic monitoring systems in several procedures, global increase in the number of patients and the subsequent increase in the prevalence of cardiovascular and other chronic diseases, and continuous technological advancements coupled with government funding.
Regional Analysis
North America is expected to account for the largest share of the hemodynamic monitoring systems market, followed by Europe. Factors such as rising geriatric population, increasing prevalence of diabetes and hypertension, availability of technologically advanced hemodynamic monitoring systems, growing use of patient monitoring systems, and a large base of major device manufacturers in the US and Canada are contributing to the large share of North America.
The key players in the global hemodynamic monitoring systems market are Edwards Lifesciences Corporation (US), PULSION Medical Systems SE (Germany), LiDCO Group plc (UK), Cheetah Medical (Israel), Deltex Medical Group Plc. (UK), ICU Medical (US), Osypka Medical GmbH (Germany), CareTaker Medical (US), CNSystems (Austria), NI Medical (Israel), and Uscom (Australia).
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Expected Revenue Growth:
[149 Pages Report] The global hemodynamic monitoring systems market is expected to reach USD 1,167.4 million by 2023 from an estimated USD 857.8 million in 2018, at a CAGR of 6.4%.
Edwards Lifesciences dominated the global hemodynamic monitoring systems market. The company’s Critical Care segment develops, manufactures, and markets hemodynamic products, such as the minimally invasive FloTrac systems and the noninvasive ClearSight system.
Critical questions the report answers:
- Where will all these developments take the hemodynamic monitoring systems market in the long term?
- What are the upcoming trends for the hemodynamic monitoring systems market?
- Which segment in hemodynamic monitoring systems provides the most opportunity for growth?
- Who are the leading vendors operating in this market?
- What are the opportunities for new market entrants in the hemodynamic monitoring systems market?
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