Global Blood Flow Measurement Devices Market: Overview
The rising prevalence of cerebrovascular disease and growing population of geriatrics who are more prone to heart diseases, the demand in the market for blood flow measurement devices is swiftly incrementing. Devices such as ultrasound including Doppler and transit-time flow meters (TTFM) and laser Doppler are highly useful in measuring the blood flowing through cross section of blood vessel in a certain duration of time. Given the severe consequences of not being aware of blood pressure, medical practitioners are frequently suggesting the use of blood flow measurement devices and consumers are readily opting for it. As a result, the demand in the global blood flow measurement devices market is expected to increase at a steady rate during the forecast period of 2017 to 2025.
Global Blood Flow Measurement Devices Market: Key Trends
As per a 2012 report by the Centers for Disease Control and Prevention (CDC), nearly 8,000,000 people in the U.S. were suffering from peripheral arterial disease (PAD), in which 12-20% of the population were older than 60 years of age. Apart from the prevalence of heart diseases and increasing number of people of over 60 years of age, the demand in the global blood flow measurement devices is also gaining traction from the escalating demand for advanced non-invasive devices, primarily across the developed regions. In addition to that, growing application of these devices for clinical purposes, for invasive and non-invasive procedures, ease of use, and technological advancements as a result of consistent focus from key players are some of the other factors driving the global blood flow measurement devices market. On the other hand, stringent regulations such as the Patient Protection and Affordable Healthcare Act in the U.S. and high cost of these devices is hindering the market for blood flow measurement devices to attain its full potential in the near future.
Global Blood Flow Measurement Devices Market: Market Potential
Research and development of technologically advanced products including wearables, such as KYOCERA’s optical blood-flow sensor, are opening new opportunities for the players in this market. Currently, the healthcare industry is flourishing and consumers are willing to pay extra for regular health check-ups and new products. The emergence of the Internet of Things (IoT) is also expected to have a positive vibe on the global blood flow measurement devices market, wherein customers can check their well-being on their smartphones, analyzing the data provided by the advanced blood flow measurement devices.
Global Blood Flow Measurement Devices Market: Regional Outlook
Currently, the developed regions of North America and Europe are the most lucrative region for the players in this market. Countries such as the U.S., the U.K., Canada, and France have robust healthcare infrastructure and high levels of awareness among the consumers related to the availability of blood flow measurement devices. On the other hand, several emerging economies in Asia Pacific, such as India, Japan, South Korea, and Malaysia are actively improving their healthcare facilities. Players in the global blood flow measurement market see Asia Pacific as a potential future market and are actively pursuing steps to make a mark early, ahead of the competition.
Global Blood Flow Measurement Devices Market: Competitive Landscape
Some of the leading companies currently operating in the global blood flow measurement devices market are Cook Medical Inc., ADInstruments, ArjoHuntleigh, Inc., Ace Medicals, Compumedics Ltd., AKW Medicals Inc., Atys Medical, Carolina Medical Inc., Biomedix Inc, Deltex Medical, BIOPAC Systems, Inc., Perimed AB, SONOTEC Ultraschallsensorik Halle GmbH, Medistim ASA, D E Hokanson Inc., Perimed AB, Moor Instruments Ltd., and Transonic Systems, Inc. Via product innovation and strategic mergers and acquisitions, these leading players aspire to stay ahead of their competitors.
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The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.
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