Hemodynamic monitoring system is used in cases where a patient’s cardiovascular health needs to be assessed, especially among those patients that have undergone a cardiac surgery.
According to the report Global Hemodynamic Monitoring devices market, published by Market Data Forecast, the market has been estimated at USD 930 Million in 2016 and is projected to reach USD 1158.95 Million by 2021, at a CAGR of 4.50% during the forecast period from 2016 to 2021.
These products perform the function of assessing the blood volume and oxygen perfusion rate along with restricting the incidence of adverse effects due to the administration of excess fluids.
The market for Hemodynamic Monitoring devices is mainly driven due to alarming rise in the prevalence of cardiovascular diseases, health conditions induced by sedentary lifestyles, the growing need for critical congenital heart disease (CCHD) screening, and the rising incidence of COPD and other respiratory disorders.But, the market growth can be restrained due to high costs of monitoring machines and high cost of treatments.
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Global market for Hemodynamic Monitoring devices is segmented based on Product and Monitoring Type. By Product, the market is further sub-segmented into Systems and Disposables.
By Monitoring type, the market is further sub-segmented into Invasive, Minimally invasive, Non-invasive. By end-users, the market is further sub-segmented into Hospitals, Cath labs, Home and Ambulatory Care.
Based on products, disposables segment is estimated to account for the largest share. Based on types, the invasive monitoring systems segment is estimated to account for the largest share.
Based on end users, hospitals segment is estimated to account for the largest share. All of these three segments are projected to grow at the highest CAGR during the forecast period.
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Geographically, Global market for Hemodynamic Monitoring devices is segmented into North America, Asia Pacific, Latin America, Europe, and Middle-East and Africa. North America is the biggest market in terms of market share across the globe, followed by Europe.
Technological advancements and initiatives adopted by industry players to boost hemodynamic monitoring system Market in North America. The Hemodynamic Monitoring Devices market in the Asia-Pacific region is projected to grow at the highest CAGR, which is greatly due to incidences of cardiovascular diseases and increasing geriatric population.
Brazil, India, China, with their economic growth, are the most potential markets.
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Edwards Lifesciences Corporation, PULSION Medical Systems SE, LiDCO Group plc., Cheetah Medical Inc., Deltex Medical Group plc., Hemo Sapiens, Inc., ICU Medical, Inc., Osypka Medical GmbH, Schwarzer Cardiotek GmbH, and Tensys Medical, Inc. are the major players of Global Hemodynamic Monitoring Devices market.
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