Blood flow measurement devices help determine blood flow and volume by measuring parameters like blood pressure, velocity, and volume. They are used to diagnose and monitor various cardiovascular diseases and disorders. Non-invasive devices like doppler ultrasound systems, laser doppler flowmeters, and electromagnetic flowmeters are widely used to measure blood flow parameters in major vessels and organs. The growing demand for non-invasive diagnostic methods from patients and physicians, higher prevalence of CVDs, and increase in healthcare expenditure are expected to drive the demand for blood flow measurement devices market.
The Global blood flow measurement devices market is estimated to be valued at US$ 639.5 million in 2024 and is expected to exhibit a CAGR of 8.8% over the forecast period 2023 to 2030.
Key Takeaways
Key players operating in the blood flow measurement devices market include 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, and Compumedics Ltd.
Technological advancements in blood flow measurement technologies are further driving market growth. Newer non-invasive devices with improved accuracy and precision are replacing invasive techniques. The integration of artificial intelligence and Doppler imaging technologies have enabled real-time monitoring of blood flow parameters.
Market Trends:
1. Growing adoption of portable and wireless devices: Manufacturers are developing portable and wireless blood flow measurement devices integrated with smartphone apps for remote monitoring. This is expected to revolutionize home healthcare.
Market Opportunities:
1. Rising healthcare expenditures in emerging economies: Increased investments towards improving healthcare infrastructure and rising disposable incomes in developing countries will generate significant demand.
Geographical regions with highest value concentration for Blood Flow Measurement Devices market:
North America accounts for the largest share of the global blood flow measurement devices market in terms of value. This can be primarily attributed to the rising incidence of cardiovascular diseases, developed healthcare infrastructure and higher access to advanced diagnostic technologies in the region. Favorable reimbursement policies for non-invasive procedures and strong presence of leading manufacturers further boost market growth in North America.
Europe is the second major revenue generator for blood flow measurement devices globally. Factors such as growing elderly population, increasing public awareness about cardiovascular health, established medical technology industry and availability of skilled medical professionals drive market expansion across major European countries. Asia Pacific is poised to be the fastest growing regional market in the coming years due to rising health expenditures, growing medical tourism industry and rapid economic development of countries like China and India.