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Blood Flow Measurement Devices Market Size, Trends, Shares, Insights, and Forecast - 2027

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akshay shinde
Blood Flow Measurement Devices Market Size, Trends, Shares, Insights, and Forecast - 2027

Blood flow measurement devices find application in detection of blood flow in the microcirculation such as toe, femur head, and tooth pulp. In addition, these devices are also been tested for skin perfusion pressure, cerebral ischemia and others.

Statistics:

The global blood flow measurement devices market is estimated to account for US$ 1,999.8 Mn in terms of value by the end of 2027.

Global Blood Flow Measurement Devices Market: Drivers

Increasing prevalence of peripheral vascular diseases is expected to propel growth of the global blood flow measurement devices market over the forecast period. For instance, according to National Center for Biotechnology Information May 2018 data, over 200 million people suffer from peripheral arterial disease worldwide.

Moreover, increasing geriatric population is also expected to boost demand for blood flow measurement devices. For instance, according to the World Health Organization, geriatric population is expected to reach 2 billion by 2050, up from 900 million in 2015.

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Statistics:

North America held dominant position in the global blood flow measurement devices market in 2019, accounting for 39.6% share in terms of value, followed by Asia Pacific and Europe, respectively.


Global Blood Flow Measurement Devices Market: Restraints

Stringent regulatory scenario is expected to hinder growth of the global flow measurement devices market. Stringent regulatory requirements and the lengthy process of FDA approvals have discouraged the OEMs of medical devices in the US, which are now eyeing other regions such as Asian and Latin American countries to launch newer products in the market.

Moreover, need for huge investments for R&D and clinical trials; slow approval processes; and minimal return on investment for the stakeholders is also expected to limit growth of the global flow measurement devices market.

Global Blood Flow Measurement Devices Market: Opportunities

Increasing clinical applications of flow measurement devices is expected to offer lucrative growth opportunities for players in the global flow measurement devices market. Blood flow measurement devices are used for various clinical applications such as peripheral vascular diseases, peripheral arterial diseases, and diabetes. The application of laser Doppler blood flow is crucial for detection of microvascular blood flow post an arterial occlusion.

Moreover R&D of new devices is also expected to aid in growth of the global flow measurement devices market. For instance, in July 2019, researchers from Flinders University in Australia announced that they have developed micro-medical device to continuously monitor blood flow during heart surgery procedures. The team is currently seeking commercial partnerships to further develop their device.

Statistics:

The global blood flow measurement devices market was valued at US$ 506.0 Mn in 2019 and is forecast to reach a value of US$ 1,999.8 Mn by 2027 at a CAGR of 8.9% between 2020 and 2027.

Market Trends/Key Takeaways

Major players in the global blood flow measurement devices market are focused on adopting M&A strategies to expand their product portfolio. For instance, in July 2019, Arjo acquired substantial equity in Atlas Lift Tech, a Silicon Valley-based company offering patient handling solutions and real-time efficiency analytics.

Development of biodegradable flow measurement devices is expected to propel growth of the global blood flow measurement devices market. For instance, in January 2019, researchers from the Stanford University reported development of a biodegradable blood flow sensor, which can measure blood flow by wrapping it around an artery during vascular surgery.

Global Blood Flow Measurement Devices Market: Competitive Landscape

Major players operating in the global blood flow measurement devices market include, Arjo, Atys Medical, Compumedics Ltd., Cook Medical Inc., Deltex Medical Ltd., GF Health Products, Inc., Medistim ASA, Moor Instruments Ltd., Perimed AB, Transonic Systems, Inc., Medtronics, Biomedix Inc, AKW Medicals Inc., D E Hokanson Inc., Cook Medical, Elcat GmBH, Flowtronics Inc., Ace Medicals, Carolina Medical Plc, and Compumedics Ltd.

Global Blood Flow Measurement Devices Market: Key Developments

Major players operating in the global blood flow measurement devices market are focused on approval and launch of new devices to expand their product portfolio. For instance, in January 2020, Cook Medical was granted a De Novo authorization from the U.S. FDA to market its new device, EchoTip Insight Portosystemic Pressure Gradient Measurement System, an endoscopic ultrasound device which allows endoscopists to measure portal hypertension, in the U.S.

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