According to the report, the global blood flow measurement devices market was valued at around USD 354.2million in 2015 and is expected to generate revenue of around USD 554.3 million by end of 2021, growing at a CAGR of around 7.8% between 2016 and 2021.
The continuous circulation of blood in the body is known as blood flow. For proper functioning of all the organs of the body proper blood flow is required. Blood carries oxygen to the body cells which ensures proper functioning of all the vital organs of the body. Thus, it is highly important to measure the dynamics of blood to determine the physical state of a body, one among them being the blood flow measurement. Blood flow measurement devices play a very vital role in the detection of a number of clinical vascular conditions such as peripheral vascular diseases such as diabetic macro and microvascular complications and arterial occlusion. Though, blood flow measurement is so highly important blood flow measuring is one of the most difficult tasks. The two broad technologies used for measurement of blood flow are invasive and non-invasive technologies.
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Growing incidences of target disease such as peripheral artery diseases, diabetes, etc. are expected to be the major driver for the global blood flow measurement devices market. In addition, growing geriatric population coupled along with the introduction of increasing demand for non-invasive and technologically advanced devices is expected to trigger the growth of global blood flow measurement devices industry in the coming years. However, the high price of these devices and stringent regulatory policies may pose the challenge to blood flow measurement devices market. Nevertheless, increasing clinical applications coupled along with emerging markets across the globe are expected to act an opportunity for the blood flow measurement devices market in near future.
Based on product, blood flow measurement devices market has been segmented into laser doppler blood flowmeters, electromagnetic blood flowmeters, and ultrasonic doppler blood flowmeters. The ultrasonic doppler blood flow meters are further sub-segmented into digital doppler, bilateral doppler, and multi-range doppler technology. The blood flow measurement devices market was dominated by ultrasonic doppler blood flowmeters segment which accounted for largest share and is expected to grow at a steady rate during the forecast period. Further, it is expected to continue its dominance over the forecast period as a result of better outcomes and minimally invasive nature.
The blood flow measurement devices market is segmented into applications such as diabetes, peripheral vascular diseases, dermatology, gastroenterology, tumor monitoring and others. In terms of revenue, the peripheral vascular diseases segment dominated the market in 2015.
North America is expected to remain the dominant region over the forecast period. Increasing healthcare awareness is expected to boost the market in this region. Europe was the largest market followed by Asia-Pacific. Asia-Pacific is projected to be the fastest-growing region in the blood flow measurement devices market during the forecast period. The Middle East and Africa, and Latin America are also expected to experience noticeable growth in the years to come.
Some of the key players in the blood flow measurement devices market include Cook Medical Inc., Atys Medical, Deltex Medical, ArjoHuntleigh Inc., Elcat GmBH, Compumedics Ltd., Moor Instruments Ltd., GF Health Products, Inc., and Transonic Systems Inc., Medistim ASA, and Perimed AB among others.