The new report by Expert Market Research titled, ‘Global Haemodynamic Monitoring Systems Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global Haemodynamic monitoring systems market, assessing the market based on its segments like system, application, product, end-users, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Historical Market Size (2021): USD 1 Billion
- Forecast CAGR (2022-2027): 5.2%
- Forecast Market Size (2027): USD 1.30 Billion
The market is primarily driven by the rising prevalence of lifestyle-related diseases, such as diabetes, obesity, stroke, and hypertension. These diseases are predicted to increase the frequency of heart problems that necessitate routine haemodynamic parameter monitoring. In the management of severely ill patients and those who have recently undergone surgery, haemodynamic monitoring is vital. As a result, over the forecast period, the increased volume of surgeries globally is expected to raise the sale of relevant items. The use of electronic medical records in the reimbursement after the completion of treatment is one of the factors expected to aid the market growth. Manufacturers are undertaking initiatives for the development of simpler, minimally- and non-invasive haemodynamic monitoring systems at affordable prices, which will offer more precise results and further propel the market growth.
Industry Definition and Major Segments
Haemodynamic monitoring is the measurement of heart activities and blood circulation. This monitoring allows doctors to assess how much oxygen is being transferred throughout the human body's tissues and organs. Blood pressure is measured inside the veins, arteries, and heart using haemodynamic monitoring equipment. Blood flow and oxygen levels in the blood are also measured using haemodynamic monitoring equipment.
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By system, the market can be divided into:
- Minimally Invasive Monitoring Systems
- Invasive Monitoring Systems
- Non-Invasive Monitoring Systems
Based on application, the market is segmented into:
- Laboratory-Based Monitoring Systems
- Home-Based Monitoring Systems
- Hospital-Based Monitoring Systems
On the basis of product, the market is classified into:
- Monitors
- Disposables
The end users of the market include:
- Hospitals
- Clinics and Ambulatory Care Centres
- Home Care Settings
On the basis of region, the industry is divided into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The technological advancements in the product and their integration with hospital software are expected to positively impact the industry growth. The demand for disposables is also predicted to rise as the use of haemodynamic monitoring equipment in critical care and emergency rooms grows. The demand can be attributed to the rising governmental focus on quality healthcare. Also, the increasing research and development and digitalisation of hospital systems, leading to the integration of these devices with computer platforms, is expected to boost the sale in hospitals over the forecast period. These systems help in generating databases for each patient, allowing physicians to quickly overview all the haemodynamic parameters of multiple patients simultaneously. Moreover, a rapidly growing geriatric population will lead to the increased adoption of haemodynamic monitoring systems in healthcare centres across the world.
Key Market Players
The major players in the market are Getinge AB, Edwards Lifesciences Corporation, Koninklijke Philips N.V., ICU Medical, Inc., LiDCO Limited, and Schwarzer Cardiotek GmbH, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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