In a recently published report, Hemodynamic Monitoring Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Hemodynamic Monitoring Market products.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Global Hemodynamic Monitoring Market is valued at approximately USD 912 million in 2019 and is anticipated to grow with a healthy growth rate of more than 6.4% over the forecast period 2020-2027., The hemodynamic monitoring systems measures and monitors the patient’s electrocardiogram, blood pressure, and other vital signs. These systems directly measure the blood pressure from inside the heart, veins, and arteries. They also measure the flow of blood and the presence of oxygen in the blood. Further, these systems generally used to early detect, identify, and treatment of life-threatening conditions, such as heart failure and cardiac tamponade. These parameters are measured through electrical, photometric, pressure transducing equipment, as well as invasive and non-invasive devices. These systems also involve the usage of a range of intravascular catheters. Further, the recent COVID-19 pandemic is widely spread throughout the world, thus various regional governments are mandating the deployment of life-saving devices to prevent or mitigate the risk of respiratory-related problems among the patients.
This is likely to strengthen the usage for a hemodynamic monitoring system to detect the blood flow, which raised the production of hemodynamic monitoring systems thereby, the market would grow at a significant rate in the forthcoming years. Moreover, the rise in prevalence of diabetes and cardiovascular diseases, growing number of surgeries, and increasing geriatric population worldwide are the few factors responsible for the CAGR of the market during the forecast period. As per the American Heart Association (AHA), in 2016, the death occurred due to cardiovascular diseases (CVDs) was estimated at around 17.6 million and is projected to grow more than 23.6 million by the year 2030. Also, according to the Center for Disease Control and Prevention (CDC), nearly 610,000 people died every year because of heart diseases in the United States. This, in turn, is expected to strengthen the market growth all over the world. However, the risk related to invasive hemodynamic monitoring systems and shortage of skilled professionals are the major factors restraining the market growth over the forecast period of 2020-2027.
The regional analysis of the global Hemodynamic Monitoring market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-pacific is the leading/significant region across the world in terms of market share owing to the increasing number of surgeries and prevalence of cardiovascular diseases, along with the presence of a significant number of medical device manufacturers in the region. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising government reimbursement coverage for vital cardiac procedures and improving healthcare infrastructure in emerging countries would create lucrative growth prospects for the Hemodynamic Monitoring market across the Asia-Pacific region.
Major market player included in this report are:
Pulsion Medical Systems
LiDCO Group Plc
Deltex Medical Group
ICU Medical, Inc.
CNSystems Medizintechnik GmbH
Osypka Medical GmbH
NI Medical Ltd.
Uscom Limited (UCM)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
Invasive Hemodynamic Monitoring Systems
Non-Invasive Hemodynamic Monitoring Systems
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Clinics and Ambulatory Care Centers
Home Care Settings
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Hemodynamic Monitoring Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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