Blood Flow Measurement Devices Market Size & Growth Analysis to 2030

The global blood flow measurement devices market size is anticipated to register a significant CAGR of ~ 9% during the forecast period and is expected to reach over USD 1 billion by 2030. The rising prevalence of cardiovascular disorders coupled with the growing geriatric population across the globe is a major factor driving the industry growth. Furthermore, the increasing number of diabetes cases among all age groups people globally is further anticipated to boost the market growth. According to the WHO (World Health Organization), it is estimated that around 422 million people worldwide have some form of diabetes and every year 5 million people die due to this disease.

Market Snapshot:

Market Drivers:

Increasing Prevalence of Cardiovascular Diseases: Cardiovascular diseases, such as hypertension, peripheral artery disease, and coronary artery disease, are a leading cause of morbidity and mortality worldwide. Accurate measurement and monitoring of blood flow are essential for the diagnosis, management, and treatment of these conditions. The rising prevalence of cardiovascular diseases drives the demand for blood flow measurement devices.

Technological Advancements: Advances in technology have led to the development of non-invasive and minimally invasive blood flow measurement devices that offer improved accuracy, reliability, and ease of use. For example, Doppler ultrasound devices, laser Doppler flowmetry, and plethysmography techniques have seen significant advancements, allowing for more precise and efficient blood flow measurements. Technological innovations drive the adoption of these devices in various healthcare settings.

Increasing Geriatric Population: The global population is aging, leading to an increase in age-related conditions and chronic diseases. Older adults are more prone to cardiovascular diseases and require regular monitoring of blood flow to assess their cardiovascular health. The growing geriatric population contributes to the demand for blood flow measurement devices.

Growing Demand for Point-of-Care Testing: Point-of-care testing (POCT) refers to medical diagnostic testing performed at or near the patient’s location, providing immediate results. Blood flow measurement devices play a vital role in POCT for cardiovascular assessments, enabling healthcare providers to make timely decisions and initiate appropriate interventions. The increasing demand for POCT drives the adoption of blood flow measurement devices.

Emphasis on Non-Invasive Diagnostic Techniques: Non-invasive techniques for measuring blood flow have gained popularity due to their patient-friendly nature, reduced risk of complications, and ease of use. Patients prefer non-invasive methods that do not require invasive procedures or exposure to ionizing radiation. Non-invasive blood flow measurement devices, such as Doppler ultrasound and laser Doppler flowmetry, fulfill these requirements and are increasingly preferred by healthcare professionals.

Rising Awareness of Preventive Healthcare: Increasing awareness of preventive healthcare and early detection of cardiovascular conditions prompts individuals to undergo regular check-ups, including blood flow measurements. Routine monitoring of blood flow helps in the early identification of abnormalities, enabling timely interventions and preventive measures. The emphasis on preventive healthcare contributes to the demand for blood flow measurement devices.

Technological Integration in Healthcare: The integration of blood flow measurement devices with electronic health records (EHRs) and other digital healthcare systems facilitates seamless data management, analysis, and sharing. These integrated systems enable healthcare providers to monitor and track patients’ blood flow measurements, aiding in diagnosis, treatment planning, and long-term management. The integration of blood flow measurement devices with digital healthcare infrastructure drives their adoption.

Research and Development Activities: Ongoing research and development activities in the field of blood flow measurement devices contribute to advancements in technology and the introduction of innovative products. The collaboration between researchers, healthcare professionals, and medical device manufacturers leads to the development of more accurate, user-friendly, and cost-effective blood flow measurement devices. These advancements stimulate market growth.

Market Insights:

By product, the ultrasound segment dominated the global blood flow measurement devices market in the benchmark year

The global blood flow measurement devices market is bifurcated into product, application, end-user, and geography. On the basis of product, the market is further segmented into ultrasound and laser doppler blood flow meters. The ultrasound segment dominated the global market in 2022 and is expected to maintain its dominance over the forecast period. Ultrasound is used in medicine for imaging, therapy, and measurement of blood velocity. The use of this low-energy, non-ionizing wave means that ultrasound exposure is considered less hazardous than other imaging modalities, although absorption of ultrasound energy is accompanied by mild local tissue heating. These benefits of ultrasound Doppler are estimated to drive segment growth significantly.

By application, the non-invasive segment is expected to dominate the global market by 2030

On the basis of application, the market is segmented into invasive and non-invasive applications. The non-invasive application segment dominated the global blood flow measurement devices market in 2022 and is expected to hold the largest market share by the end of the analysis period. The increasing prevalence rate of cardiovascular diseases and diabetes is a prominent factor driving the segment’s growth. Furthermore, the growing use of the product in further diseases such as gastroenterology and tumor monitoring is further anticipated to propel the segment growth over the forecast period. Moreover, the increasing adoption of non-invasive minimal procedures is projected to propel the segment growth in the upcoming years.

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The blood flow measurement devices comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2023 to 2030. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The blood flow measurement devices market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

• 2020-21 – Historical Year
• 2022 – Base Year
• 2023-2030 – Forecast Period

Market Segmentation:

By Product:

• Ultrasound
• Laser Doppler

By Application:

• Non-invasive
  • Cardiovascular Disease
  • Diabetes
  • Tumour Monitoring
  • Gastroenterology
  • Dermatology
• Invasive
  • CABG
  • Microvascular Surgery
  • Reconstructive Surgery
  • Organ Transplantation

By End-User:

• Hospitals & Clinics
• Specialty Centers

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Regional Analysis:

By region, North America is expected to dominate the global market by the end of the analysis period

On the basis of region, North America dominated the global blood flow measurement devices market in 2022 and is estimated to hold the largest revenue share of around 1/2 of the market share in the benchmark year. The high prevalence rate of diabetes is one of the key factor driving the market growth in the region. According to the American Diabetes Association, in 2019, 37.3 million people had diabetes, i.e. 11.3% of the country’s population. The early adoption of the new technology and the presence of a well-established healthcare infrastructure are some prominent factors driving the market growth in the region. Furthermore, technological advancement and the growing research & development activities are further anticipated to propel industry growth in North America over the forecast period.

Geographically, the blood flow measurement devices market report comprises dedicated sections centering on the regional market revenue and trends. The blood flow measurement devices market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The blood flow measurement devices market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Blood flow measurement devices market estimates have also been provided for the historical years 2020 & 2021 along with forecasts for the period from 2023 – 2030.

Competitive Assessment:

Some of the prominent market players operating in the global blood flow measurement devices market are Compumedics Ltd., Transonic, Medistim ASA, ADInstruments, Atys Medical, and Carolina Home Medical Inc. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• Compumedics Ltd.
• Transonic
• Medistim ASA
• ADInstruments
• Atys Medical
• Carolina Home Medical Inc.
• BIOPAC Systems, Inc.
• Medtronics
• Deltex Medical
• SONOTEC GmbH
• Ace Medical Devices Pvt Ltd.
• Biomedix Inc.

Key Questions Answered by Blood Flow Measurement Devices Market Report

• Global blood flow measurement devices market forecasts from 2023-2030
• Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
• Blood flow measurement devices submarket forecasts from 2023-2030 covering the market by product, application, end-user, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level blood flow measurement devices markets from 2023-2030
• Competitive Landscape and market positioning of the top 10 players operating in the market