Hemodynamic Monitoring Systems Market is anticipated to grow at a CAGR 6.2% from 2020 to 2030.
Market Industry Reports (MIR) has published a new report titled “Hemodynamic Monitoring Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020–2030.” According to the report, the global hemodynamic monitoring systems market was estimated to be over US$ 910million in 2019. It is anticipated to grow at a CAGR 6.2% from 2020 to 2030.
The growth of hemodynamic monitoring systems market can be majorly attributed to rising geriatric population. According to Population Reference Bureau, in 2018 the number of Americans of age group 65 & older was around 52 million. This number is projected to reach nearly 95 million by 2060. Geriatric population is associated with several age-related anatomic, physiologic and metabolic changes hence there is an inherent risk of morbidity and mortality during surgeries among such patients. Hence, it is highly important to closely monitor the patient’s cardiovascular and hemodynamic condition to avoid any postoperative complications.
The companies operating in the market are focusing on developing new noninvasive monitoring systems which are more patient compliant; allow real-time measurement of blood pressure and assessment of the patient. For instance, CNSystems Medizin technik GmbH developed CNAP system, a finger cuff noninvasive hemodynamic monitoring device. CNAP system calculates cardiac output and blood pressure by pulsation and pressure waveform analysis in the arteries. Such advanced monitoring systems have shown promising results in cardiac monitoring in surgical cases and non-critical cases. Increasing development of such novel non-invasive hemodynamic monitoring systems is expected to fuel the hemodynamic monitoring systems market in the coming years.
However, the high cost of patient monitoring devices, discourages there adoption in small healthcare facilities. Moreover, lack of skilled professionals is another factor that is likely to restrain the growth of hemodynamic monitoring systems market to a certain extent.
Browse key industry insights spread across 160 pages with market data tables & figures & charts from the report, Hemodynamic Monitoring Systems Market by Product (Disposables and Monitors), Type (Invasive Hemodynamic Monitoring Systems, Noninvasive Hemodynamic Monitoring Systems and Minimally Invasive Hemodynamic Monitoring Systems), End User (Hospitals, Home Care Settings and Clinics & Ambulatory Care Centers) - Global Analysis & Forecast 2020-2030 in detail along with the table of contents:https://www.marketindustryreports.com/hemodynamic-monitoring-systems-market/323
Asia Pacific is expected to witness highest CAGR in hemodynamic monitoring systems market over the forecast period. Increasing incidence of cardiovascular diseases such as coronary heart disease, stokes, hypertension and heart failure can be primarily attributed to the market growth in this region. Moreover, favorable reimbursement coverage for several cardiac procedures in selected APAC countries and improving healthcare facilities propel the market growth in this region.
Some of the prominent players operating in the global hemodynamic monitoring systems market are Edwards Life sciences Corporation, Konin klijke Philips N.V., Deltex Medical Limited, LiDCO, ICU Medical, Inc., CNSystems Medizin technik GmbH., PULSION MEDICAL SYSTEMS SE, NI Medical, CHEETAH MEDICAL, Uscom among others.
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