Global Hemodynamic Monitoring Equipment Market
Market Size in USD Billion
CAGR : %
Forecast Period |
2023 –2030 |
Market Size (Base Year) |
USD 1.20 Billion |
Market Size (Forecast Year) |
USD 1.99 Billion |
CAGR |
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Major Markets Players |
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Global Hemodynamic Monitoring Equipment Market, By Product (Monitors and Disposables), Systems (Vital Sign Monitors, Pulse Oximeters, Non-Invasive Blood Pressure Monitors, Central Venous Catheters, and Pulmonary Artery Catheters), Technique Type (Invasive Hemodynamic Monitoring, Non-Invasive Hemodynamic Monitoring and Minimally Invasive Hemodynamic Monitoring), Application (Laboratory-based Monitoring Systems, Home-based Monitoring Systems and Hospital-based Monitoring Systems) , Modality (Laboratory-based Monitoring Systems, Home-based Monitoring Systems and Hospital-based Monitoring Systems), End-User (Hospitals, Clinics, Ambulatory Surgery Centers, Home Care Settings, and Independent Catheterization Laboratories) – Industry Trends and Forecast to 2030.
Hemodynamic Monitoring Equipment Market Analysis and Size
The growing incidence rates of lifestyle-related conditions, such as obesity, stroke, diabetes, and hypertension, are anticipated to enhance market growth. There are several hemodynamic monitoring equipment that are developed for the betterment of the patients such as ECG monitoring, central venous pressure, kidney function, pulse oximetry. Furthermore, increasing research is being conducted on hemodynamic monitoring systems, which is vital in escalating market growth.
Data Bridge Market Research analyses that the global hemodynamic monitoring equipment market, which was USD 1.2 billion in 2022, would rise to USD 1.99 billion by 2030 and is expected to undergo a CAGR of 6.50% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Hemodynamic Monitoring Equipment Market Scope and Segmentation
Report Metric |
Details |
Forecast Period |
2023 to 2030 |
Base Year |
2022 |
Historic Years |
2021 (Customizable to 2015 - 2020) |
Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
Segments Covered |
Product (Monitors and Disposables), Systems (Vital Sign Monitors, Pulse Oximeters, Non-Invasive Blood Pressure Monitors, Central Venous Catheters, and Pulmonary Artery Catheters), Technique Type (Invasive Hemodynamic Monitoring, Non-Invasive Hemodynamic Monitoring and Minimally Invasive Hemodynamic Monitoring), Application (Laboratory-based Monitoring Systems, Home-based Monitoring Systems and Hospital-based Monitoring Systems) , Modality (Laboratory-based Monitoring Systems, Home-based Monitoring Systems and Hospital-based Monitoring Systems), End-User (Hospitals, Clinics, Ambulatory Surgery Centers, Home Care Settings, and Independent Catheterization Laboratories) |
Countries Covered |
U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
Market Players Covered |
Edwards Lifesciences Corporation (U.S.), OSYPKA MEDICAL (Germany), NI-Medical (Israel), NIHON KOHDEN CORPORATION (Japan), Teleflex Incorporated (U.S.), General Electric (U.S.), McKesson Corporation (U.S.), Siemens (Germany), Drägerwerk AG & Co. KGaA (Germany),, Schwarzer Cardiotek (Germany)., Vytech Enterprise (India), GE HealthCare (U.S.), Deltex Medical Limited (U.K.), ICU Medical, Inc (U.S.) |
Market Opportunities |
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Market Definition
Hemodynamic monitoring equipment is the kind of equipment that helps in reviewing the quality of life, longevity, and cardiovascular health conditions of patients. These factors can be evaluated using numerous electrical and pressure transducing equipment, invasive and non-invasive, and photometric devices. This equipment also involves different intravascular catheters.
Global Hemodynamic Monitoring Equipment Market Dynamics
Drivers
- Increasing Prevalence of Cardiovascular Diseases
According to the World Health Organization's Facts of 2021, approximately 1.28 billion adults aged 30-79 years worldwide suffer from hypertension. As per the same source, cardiovascular diseases are the leading cause of death worldwide, resulting around 17.9 million lives each year, an estimated 32% of all the deaths globally. Therefore, the incidence of cardiac disorders will likely boost the demand for this equipment. This boosts market growth.
- Increasing Awareness and Steps for the Working of Monitoring Equipment
Several market players extending their hands to a huge population are timely participating in various health conferences. For instance, in 2022, at Arab Health 2022, Masimo showed how different solutions from the company can work together across the patient journey to help care teams improve care consistency and increase patient outcomes. The company showed its non-invasive monitoring solutions. Thus, this factor boosts market growth.
Opportunities
- Increasing Product Launches by Market Players
The increasing United States Food and Drug Administration (FDA) approvals for monitoring devices and numerous new product launches are anticipated to grow during the forecast period. For instance, Caretaker Medical had FDA clearance for its hemodynamic patient monitoring system VitalStream and blood pressure in 2021. Furthermore, Fifth Eye which is a Michigan-based real-time clinical analytics company, stated that the FDA had granted DE Novo classification for its Analytic for Hemodynamic Instability (AHI) tool in 2021. Thus, this factor boosts market growth.
Restraints/Challenges
- Complications for Monitoring Devices
Several complications are associated with hemodynamic monitoring, including dysrhythmias, catheter knotting, balloon rupture, pulmonary infarction, infection, pulmonary artery rupture, and deep vein thrombosis. Other effects, such as occlusion, thrombosis, and arterial lines, hinder the market. Thus, this factor impedes market growth.
This hemodynamic monitoring equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hemodynamic monitoring equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Hemodynamic Monitoring Equipment Market Scope
The hemodynamic monitoring equipment market is segmented on the basis of product type, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Monitors
- Disposables
System
- Vital Sign Monitors
- Pulse Oximeters
- Non-Invasive Blood Pressure Monitors
- Central Venous Catheters
- Pulmonary Artery Catheters
Technique Type
- Invasive Hemodynamic Monitoring
- Non-Invasive Hemodynamic Monitoring
- Minimally Invasive Hemodynamic Monitoring
Application
- Laboratory-based Monitoring Systems
- Home-based Monitoring Systems
- Hospital-based Monitoring Systems
Modality
- Laboratory-based Monitoring Systems
- Home-based Monitoring Systems
- Hospital-based Monitoring Systems
End User
- Hospitals
- Clinics
- Ambulatory Surgery Centers
- Home Care Settings
- Independent Catheterization Laboratories
Hemodynamic Monitoring Equipment Market Regional Analysis/Insights
The hemodynamic monitoring equipment market is analyzed and market size insights and trends are provided by product type, application and end-user as referenced above.
The countries covered in the hemodynamic monitoring equipment market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to grow the hemodynamic monitoring equipment market during the forecast period due to the growing demand for minimally invasive surgeries and huge growth in healthcare infrastructure. Also, increasing research activities on endoscopic cameras in Japan within this region boost the market growth.
North America dominates the market in the forecast period because of the growing confidence of physicians and clinical staff in the latest non-invasive technologies and a growing number of surgeries in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The hemodynamic monitoring equipment market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for hemodynamic monitoring equipment market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the hemodynamic monitoring equipment market. The data is available for historic period 2011-2021.
Competitive Landscape and Hemodynamic Monitoring Equipment Market Share Analysis
The hemodynamic monitoring equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hemodynamic monitoring equipment market.
Some of the major players operating in the hemodynamic monitoring equipment market are:
- Edwards Lifesciences Corporation (U.S.)
- OSYPKA MEDICAL (Germany)
- NI-Medical (Israel)
- NIHON KOHDEN CORPORATION (Japan)
- Teleflex Incorporated (U.S.)
- General Electric (U.S.)
- McKesson Corporation (U.S.)
- Siemens (Germany)
- Drägerwerk AG & Co. KGaA (Germany)
- Schwarzer Cardiotek (Germany)
- Vytech Enterprise (India)
- GE HealthCare(U.S.)
- Deltex Medical Limited (U.K.)
- ICU Medical, Inc (U.S.)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
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