Hemodynamic Monitoring Systems Market Share, Industry Analysis Report, Regional Outlook by 2024

Hemodynamic Monitoring Systems Market size is primarily driven by technological advancements in minimally invasive and noninvasive techniques used for hemodynamic monitoring. Increasing prevalence of lifestyle-related diseases, such as diabetes, hypertension, and obesity leading to cardiac disorders, will also stimulate the business growth. As per the WHO statistics, there were about 17.5 million deaths globally in 2012 due to cardiovascular diseases. Hemodynamic monitoring systems market size is expected to witness a considerable growth from 2016 to 2024.Favorable government initiatives to create awareness about cardiovascular and respiratory diseases will boost industry growth. For instance, the Indian government developed National Programme for Prevention and Control of Diabetes, Cardiovascular diseases, and Stroke (NPDCS) with an intention to improve public health.

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Growing number of surgeries can be one of the driving factors for the hemodynamic monitoring systems market growth. As per the WHO estimates, approximately 359.5 million surgeries were performed in 2012.The critically ill patients and those who have undergone surgery need continuous assessment of hemodynamic parameters such as heart rate, oxygen perfusion, and blood pressure. This has escalated the demand for hemodynamic monitoring system.

Rising geriatric population along with increasing investments for providing required healthcare facilities to the elderly will boost hemodynamic monitoring systems market growth. Favorable reimbursement policies in industrialized economies will push the market growth. However, adverse reactions, such as bleeding, thrombosis, pulmonary capillary necrosis, sepsis, and hemorrhage, associated with invasive hemodynamic monitoring will hinder the invasive hemodynamic monitoring market size.

Hemodynamic monitoring systems based on product can be segmented into hemodynamic monitoring systems, disposables, and services. Hemodynamic monitoring systems include pulmonary artery catheters, cardiac output monitoring system, and others. The disposables segment dominates the hemodynamic monitoring systems market owing to its wide usage in casualty rooms and critical care units in hospitals. The disposables segment can be further bifurcated into airflow sensors, circuits, and probes.

Hemodynamic monitoring systems based on applications can be segmented into invasive and non-invasive hemodynamic monitoring. Cardiac surgeons prefer minimally invasive approaches for mitral or aortic heart surgery to avert the risks associated with invasive hemodynamic monitoring. Minimally invasive hemodynamic monitoring segment is expected to dominate over the forecast period.

Browse key industry insights from the report, “Hemodynamic Monitoring Systems Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Growth Potential, Competitive Market Growth & Forecast, 2016 – 2024” in detail along with the table of contents:

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Hemodynamic monitoring systems based on end-use can be segmented into hospitals, catheterization laboratories, ambulatory surgery centers, clinics, and homecare settings. Hospitals held the largest market share in 2015 and are expected to dominate the market over the forecast period. The development of technologically advanced minimally invasive or non-invasive products for the hemodynamic study will increase its sales in-home care settings and clinics.

U.S. hemodynamic monitoring systems market will the drive regional share in 2015. Rising prevalence of cardiovascular diseases along with the increasing geriatric population will fuel the hemodynamic monitoring systems industry growth. Increasing number of hospitals and clinics with technologically advanced hemodynamic monitoring systems should drive the demand for related products.

Increasing geriatric population coupled with technological shift from invasive monitoring approach towards minimal monitoring approach will stimulate the Europe hemodynamic market growth. Programs, such as European Heart Health Charter, was developed by European society of cardiology in coordination with European heart network to create awareness about cardiac diseases among people. Initiatives, such as European platform for diet, physical activity, and health, are undertaken by the European government to promote health and reduce the number of lifestyle related diseases.

APAC hemodynamic market is expected to experience considerable growth owing to the rising prevalence of cardiovascular and respiratory diseases, advancement of healthcare infrastructure with rapid economic growth, increasing number of hospitals, large patient pool, and favorable government initiatives.

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Latin America is anticipated to experience considerable growth opportunities owing to changing lifestyles and increasing demand for Congenital Heart Disease Screening (CCHD) screening. As per the World heart federation, Latin America displays higher risks of high blood cholesterol, abdominal obesity, and hypertension. As per the study, there are about 1.6 million deaths every year in Latin America and the Caribbean due to cardiovascular diseases. The universal healthcare scheme in Brazil along with rising government focus for ameliorating public health should fuel the market growth.

MEA hemodynamic monitoring systems market will experience a moderate growth with South Africa and Saudi Arabia being major contributors to the regional growth. In Saudi Arabia, 65% of the overall healthcare is taken care by government organizations. Major collaborations, such as Edwards Lifesciences Corporation and LiDCO, may boost the Saudi Arabian hemodynamic monitoring systems market growth.

Key industry players in the hemodynamic monitoring systems market include Edwards Lifesciences Corporation, Argon Medical, LiDCO Group, Deltex Medical Group, ICU Medical, Teleflex Incorporated, PULSION Medical Systems, Nihon Kohden Corporation, Cheetah Medical, and Osypka Medical.

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