The Hemodynamic monitoring systems market was valued at US$ 1,419.94 million in 2021; registering at a CAGR of 6.4% from 2022 to 2028, according to a new research study conducted by The Insight Partners.
Rising Prevalence of Cardiovascular Diseases Worldwide
The report highlights the trends prevailing in the market, along with market drivers and deterrents. Increasing geriatric population globally and rising demand for minimally invasive procedures are among the key forces driving the market. However, the use of invasive hemodynamic monitoring system monitoring systems might lead to infections at surgical sites. Also, difficulties faced during the insertion of a catheter in critically ill patients pose a challenge to the users. As the catheter is directly inserted in the pulmonary artery, the risk of injuries increases. Despite invasive hemodynamic monitoring system monitoring systems being widely used, a clear survival benefit has not yet proven, eventually hampering the market growth. Thus, risks associated with invasive hemodynamic monitoring system monitoring systems hinder the market growth.
Hemodynamic Monitoring Systems Market, by Region, 2021 (%)
Hemodynamic monitoring System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Noninvasive Hemodynamic Monitoring Systems, Minimally Invasive Hemodynamic Monitoring Systems, and Invasive Hemodynamic Monitoring Systems), Product (Monitors and Disposables), End User (Hospital, Home Care, Cath Lab, and Ambulatory Care Center)
Hemodynamic Monitoring System Market Report Analysis by 2028
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Source: The Insight Partners Analysis
Based on type, the global hemodynamics monitoring system market is segmented into noninvasive hemodynamic monitoring system monitoring system, minimally invasive hemodynamic monitoring system monitoring system, and invasive hemodynamic monitoring system monitoring system. In 2021, the invasive hemodynamic monitoring system segment held the largest share of the market. However, the market for the noninvasive hemodynamic monitoring system segment is expected to grow at the highest CAGR during 2022–2028. A noninvasive hemodynamic monitoring system hemodynamic monitoring system monitoring system includes an air-filled band that can analyze blood pressure manually or automatically. The benefit of this system is that it is fast and does not require a stethoscope. Thus, hemodynamics monitoring systems market is expected to grow globally during the forecast period.
The COVID-19 pandemic had a mixed impact on the hemodynamics monitoring system market. A hemodynamic monitoring system is an important device used in intensive care units to monitor blood flow, blood pressure, vascular resistance, fluid, and oxygen level of critically ill patients. The pandemic positively supported market growth due to continuous measurement of the hemodynamic parameters among COVID-19 patients. Further, patients who required hospitalization for COVID-19 were prone to conditions such as sepsis, acute lung injury, and acute respiratory syndrome. Hemodynamic instability is the major contributor to mortality in COVID-19 patients, and thus, hemodynamic monitoring systems are required for the continuous monitoring of hemodynamic parameters.
A few prominent players operating in the Hemodynamics monitoring system market are Koninklijke Philips NV, Osypka Medical GmbH, General Electric Co, Edwards Lifesciences Corporation, Schwarzer Cardiotek, Getinge Group, Deltex Medical, ICU Medical INC., Masimo, and Baxter International Inc., among others.
Companies are launching new and innovative products and services to sustain their position in the Hemodynamics monitoring system market. In May 2021, Philips introduced an integrated Interventional Hemodynamic System with Patient Monitor IntelliVue X3 to improve workflow and patient focus during image-guided procedures.
Hemodynamics monitoring system – Market Segmentation
Based on Type, the market is segmented into noninvasive hemodynamic monitoring system, minimally invasive hemodynamic monitoring system, and invasive hemodynamic monitoring system. The noninvasive hemodynamic monitoring system is further bifurcated into NICaS and others. Based on Product, the market is classified into monitors and disposables. Based on End User, the market is segmented into hospitals, cath labs, home care, and ambulatory surgical centers. Based on Geography, the market is divided into North America (US, Canada, Mexico), Europe (France, Germany, UK, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), Middle East & Africa (Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa), South and Central America (Brazil, Argentina, and Rest of South and Central America
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