Blood flow measurement devices are designed for measurement of blood flow. Blood carries oxygen to the body cells which ensures proper functioning of all the organs of the body. Thus, it is necessary to measure the dynamics of blood to determine the physical state of a body, one among them being the blood flow measurement. Blood flow measurement devices play an important role in detection of number of clinical vascular conditions such as diabetic macro and micro vascular complications and arterial occlusion.
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According to the Zion Market Research, global demand for the blood flow measurement devices market was valued at around USD 354.2 million in 2015 and is expected to generate revenue of approximately USD 554.3 million by end of 2021, growing at a CAGR of around 7.8% between 2016 and 2021. The blood flow measurement devices market is expected to witness substantial growth in the years to come on account of increasing incidences of target disease such as peripheral artery diseases, diabetes, etc. Other key driving factors expected to spur the demand are rapid growth of geriatric population coupled with increasing demand for non-invasive surgeries and technologically advanced devices. However, high price of these devices and stringent regulatory policies may hamper the market growth within the forecast period. Nonetheless, increasing clinical applications coupled along with emerging markets across the globe are anticipated to open up new growth opportunities in the few next years.
The blood flow measurement devices market is segmented into products such as laser doppler blood flow meters, electromagnetic blood flow meters, and ultrasonic doppler blood flow meters. The ultrasonic doppler blood flow meters are further bifurcated into digital doppler, bilateral doppler, and multi-range doppler technology. Ultrasonic doppler blood flow meters segment was the leading segment and is likely to continue its dominance over the next few years as a result of better outcomes and minimally invasive nature. Electromagnetic blood flow meters segment is expected to exhibit significant growth in the years to come.
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On the basis of application, the blood flow measurement devices market can be segmented into diabetes, peripheral vascular diseases, dermatology, gastroenterology, tumor monitoring and others. Peripheral vascular diseases dominated the blood flow measurement devices market in 2015. This growth is mainly due to increased prevalence of peripheral vascular diseases across the globe. Diabetes is further expected to show exponential growth within the forecast period.
The blood flow measurement devices market dominated by North America and it held the largest market share of total revenue generated in 2015. The U.S. is by far the leading market for blood flow measurement devices by country in North America. Europe was another leading regional market and is projected to witness substantial growth within the forecast period. Asia Pacific is expected to exhibit the fastest growth rate in the near future due to growing acceptance of minimally invasive devices and rise in the disposable income.
Some of the key players operating in the blood flow measurement devices market include Cook Medical Inc., Atys Medical, Deltex Medical, ArjoHuntleigh Inc., Eclat GmBH, Compumedics Ltd., Moor Instruments Ltd., GE Health Products, Inc., and Transonic Systems Inc., Medistim ASA, and Perimed AB among others.