Laser Doppler Blood Flow Measurement Devices Market Analysis by 2028

Laser Doppler Blood Flow Measurement Devices Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Laser Doppler) and Geography

Publication Month : Apr 2021

  • Report Code : TIPRE00021782
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 60
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[Research Report] The laser doppler blood flow measurement devices market was valued at US$ 50,084.84 thousand in 2020 and is projected to reach US$ 74,526.57 thousand by 2028; it is expected to grow at a CAGR of 5.2% from 2021 to 2028.

The major factors driving the growth of the market are increasing number of cardiac surgeries and technological advancements in blood flow measurement devices. However, the high cost of the blood flow measurement devices restrains the market growth. Laser doppler blood flow measurement devices use the doppler effect to monitor speed of blood cells flowing through microvascular structures. The incident light of red wavelength projected upon the blood vessels absorb and reflect the light with a shifted frequency, depending on the flow velocity. To measure the blood flow, optical fibers and laser probes are used.

The adoption of perfusion technologies and blood flow measuring devices in Asia Pacific is already lower than Europe and North America. Amid pandemic, extensive focus on the COVID-19 management caused diversion from regular surgical procedures. In addition, the extensive utilization of available instruments is hindering the growth of the laser doppler blood flow measurement devices market

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Market Insights

Increasing Number of Cardiac Surgeries

Heart surgery is varied across patients depending on their symptoms and underlying causes. Cardiac surgery performed has evolved to be specific to different heart concerns over the last few decades. The extensively growing number of cardiac surgical procedures offers lucrative opportunities for the growth of the laser doppler blood flow measurement devices market. For instance, according to a data published by a healthcare provider in the US in 2018, an estimated 500,000 open-heart surgeries are performed each year in the US. Similarly, as per the data of Texas Heart Institute in 2020, more than 3,400 people go through heart transplants every year, despite having a shortage of organs donors in the country.

Cardiac surgery is a fast-growing market, related to many correlated types of increasing procedures. Innovative products and technological advancements spur on the growth of the market by increasing the size of the treatable population. Furthermore, there is a growing need for cardiac surgeries as the average age of the US population continues to grow.

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Laser Doppler Blood Flow Measurement Devices Market: Strategic Insights

laser-doppler-blood-flow-measurement-devices-market
Market Size Value inUS$ 50,084.84 thousand in 2020
Market Size Value byUS$ 74,526.57 thousand by 2028
Growth rateCAGR of 5.2% from 2021-2028
Forecast Period2021-2028
Base Year2021
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Companies operating in the laser doppler blood flow measurement devices market adopt the product innovations strategy to meet the evolving customer demands across the world, which also permits them to maintain their brand name in the global market.

Laser Doppler Blood Flow Measurement Devices Market – by Type

  • Laser Doppler

Laser Doppler Blood Flow Measurement Devices Market– by Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific (APAC)

    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East and Africa (MEA)

    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South and Central America (SCAM)

    • Brazil
    • Argentina
    • Rest of SCAM

Company Profiles

  • ADInstruments Ltd
  • Oxford Optronix Ltd.
  • Moor Instruments Limited
  • Transonic Systems Inc.
  • BIOPAC Systems, Inc
  • Perimed AB
  • Cook Medical LLC
  • ADVANCE CO., LTD.
  • JMS CO., LTD
  • OMEGAWAVE, INC.  
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Who are the major players in the Laser Doppler Blood Flow Measurement Devices market?

The Laser Doppler Blood Flow Measurement Devices market majorly consists of the players such as ADInstruments Ltd, Oxford Optronix Ltd., Moor Instruments Limited, Transonic Systems Inc., BIOPAC Systems, Inc, Perimed AB, Cook Medical LLC, ADVANCE CO., LTD., JMS CO., LTD, OMEGAWAVE, INC. amongst others.

What are the driving factors for the Laser Doppler Blood Flow Measurement Devices market across the globe?

The factors that are driving growth of the market are increasing number of cardiac surgeries, and technological advancements of laser doppler blood flow measurement devices.

What is laser doppler blood flow measurement devices?

Blood flow measurement devices plays an important role in the diagnostic and research segment. Blood flow meters enables physicians to continuously monitor flow of blood during surgical procedures as well as to understand health conditions. By analyzing the flow of blood in blood vessels, these devices can help in early diagnosis that help in accelerating the treatment process. These devices incorporate electromagnetic, ultrasonic, and laser technologies.

The List of Companies - Laser Doppler Blood Flow Measurement Devices Market

  1. ADInstruments Ltd
  2. Oxford Optronix Ltd.
  3.  Moor Instruments Limited
  4. Transonic Systems Inc.
  5. BIOPAC Systems, Inc
  6. Perimed AB
  7. Cook Medical LLC
  8. ADVANCE CO., LTD.
  9. JMS CO., LTD
  10. OMEGAWAVE, INC.  

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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