Friday, 3 March 2017

Global Blood Flow Measurement Devices Market to Cross US$0.50 Billion by 2019

Blood flow measurement devices are used for measuring the volume rate of blood flow in the blood vessels of the body. The vascular assessment data obtained through the blood flow measurement devices helps physicians to maintain the equilibrium between supply and demand of tissue oxygen of patients. Rising incidence rate of circulatory diseases and metabolic disorders are fueling the growth of these devices market. According to the Centers for Disease Control and Prevention (CDC) in the year 2012, approximately 8,000,000 people in the United States had peripheral arterial disease (PAD); that includes 12-20% of population older than 60 years of age. Hence, rising incidence of PAD and other metabolic disorders are some of the major factors that are expected to drive market growth at a substantial rate in the near future.
Blood flow measurement devices market is segmented into products and areas of application. Further, the product segment of blood flow measurement devices market has been segmented into ultrasonic Doppler, laser Doppler and electromagnetic. It has been observed that Ultrasonic Doppler blood flow meters accounted for the largest market share (approximately 52%) of the overall blood flow measurement products market in 2012. The dominance of this device was witnessed due to its large number of clinical applications, better outcomes and minimally invasive nature. In addition, the future growth of this market will be dependent on the innovation and technological development focused on enhancing the efficacy and safety of the blood flow measurement devices. However, factors such as high cost involved in the R&D activities and stringent regulatory policies could hinder the growth of the global blood flow measurement devices market.
Based on its clinical applications, the global blood flow measurement devices market is segmented into diabetes, peripheral vascular diseases, gastroenterology, intra cranial monitoring in stroke and brain injury, dermatology; and tumor monitoring. Among all the above mentioned treatment applications, the market for blood flow measurement devices for peripheral vascular diseases accounted for the largest market share (approximately 28%) of the overall blood flow devices application market in 2012.
Geographically, North America is the leading market for blood flow measurement devices due to high healthcare awareness. Similarly, rise in circulatory diseases such as peripheral vascular diseases also serve to be the major drivers of this market. The Asia-Pacific region was the third largest market for blood flow measurement devices in 2012. This market has been estimated to grow significantly due to growing acceptance of minimally invasive devices and rise in the disposable income.
The key players of this market include ArjoHuntleigh Inc., Cook Medical Inc., Deltex Medical, Moor Instruments Ltd. and Transonic Systems Inc., amongst others.
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