The Global Hemodynamics Monitoring Systems Market is Anticipated to Grow With the CAGR of 4.5% During the 2017-2022
Global Hemodynamic Monitoring Systems Market Size, Share, and Trends Analysis Report by Product (Disposables and Monitoring Systems), by Applications (Invasive Monitoring Systems, Minimally Invasive Monitoring Systems, and Non-Invasive Monitoring Systems), and by End-Users (Catheterization Labs, Home Care, Ambulatory Surgery Centers, and Hospitals) Forecast Period (2022-2028)
The global hemodynamics monitoring systems market is anticipated to grow at a substantial CAGR of 5.1% during the forecast period. Certain factors are hindering the growth of the market. The risk associated with invasive monitoring systems is estimated to be the major constraint in the growth of the market. In addition, besides these petty challenges, the digitalization of hospital systems and increasing demand from developing countries such as India, China, and Brazil are developing numerous expansion opportunities for the growth of the market.
The global hemodynamics monitoring systems market is segmented based on key criteria such as products, applications, and end-users. Based on the product, our market is segmented into disposables and monitoring systems. Disposables are further divided into airflow sensors, circuits, probes, and others. Monitoring systems are also further segmented into cardiac output monitors and pulmonary artery catheters. Similarly, based on the applications, the market is segmented into invasive monitoring systems, minimally invasive monitoring systems, and non-invasive monitoring systems. Further, based on the end-users, the hemodynamics market is bifurcated into catheterization labs, home care, ambulatory surgery centers, and hospitals. The above-mentioned segments can be customized as per the requirements. Among the product segment, the monitoring systems are expected to boost the market growth over the forecast period owing to the increasing prevalence of CVD and technological advancements in monitoring systems. For instance, in May 2021, Royal Philips announced the integration of its Interventional Hemodynamic System and market-leading portable Patient Monitor IntelliVue X3, providing advanced hemodynamic (blood flow) measurements at the tableside in the Cath lab and continuous monitoring of key vital signs throughout the patient journey.
Geographically the global hemodynamics monitoring systems market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific region is estimated to be the fastest-growing region during the forecast period due to the increasing geriatric population and increasing government support and initiative to improve the quality of healthcare in the region. For instance, according to the IBEF, as of February 2022, The Indian healthcare sector is growing at a brisk pace due to its strengthening coverage, services, and increasing expenditure by public as well as private players. Moreover, the government, i.e. public healthcare system, comprises limited secondary and tertiary care institutions in key cities and focuses on providing basic healthcare facilities in the form of primary healthcare centers (PHCs) in rural areas.
The major companies serving the global hemodynamics monitoring systems market include CnsystemsMedizintechnik GmbH, Deltex Medical Plc, Edwards Life Science Corp., GE Group, Koninklijke Philips N.V., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, In October 2020, NICCI is Getinge’s innovation in advanced hemodynamic monitoring, providing continuous and noninvasive hemodynamic insights to reduce the risk of severe complications for patients with low blood pressure. It has a sensor that comes in three sizes, containing two finger cuffs that perform an automatically alternating continuous measurement from one finger to the other after no more than an hour. This enables continuous use of NICCI for up to 72 hours.
Research Methodology
The market study of the global hemodynamic monitoring systems market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
- Financial reports of companies involved in the market.
- Whitepapers, research papers, and news blogs.
- Company websites and their product catalog.
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
- Global Hemodynamic Monitoring Systems Market Research and Analysis by Product.
- Global Hemodynamic Monitoring Systems Market Research and Analysis by Applications.
- Global Hemodynamic Monitoring Systems Market Research and Analysis by End-Users.
The Report Covers
- Comprehensive research methodology of the global hemodynamic monitoring systems market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global hemodynamic monitoring systems market.
- Insights about market determinants that are stimulating the global hemodynamic monitoring systems market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Cheetah Medical Inc. (Division of Baxter International Inc.)
- Cnsystems Medizintechnik GmbH
- Deltex Medical PLC
- Drager Medical Inc.
- Edwards Life Science Corp.
- GE Group
- Getinge AB
- Hemo Sapiens Inc.
- Icu Medical, Inc.
- Koninklijke Philips N.V.
- Masimo
- Ni Medical
- Osypka Medical Gmbh
- Pulsion Medical Systems SE
- Schwarzer Cardiotek Gmbh
- Teleflex Inc.
- Ascom Ltd.