The global blood flow measurement devices market is forecasted to grow and reach around $655.57 million growing at a CAGR of 9.45% during 2016-2022. Blood flow measurement devices are generally used for diagnosing various kind of clinical vascular conditions like peripheral vascular diseases, micro and macro vascular complications etc. These devices are also helpful in wide range of applications such as skin testing, burn assessment and others.
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The blood flow measurement devices market is forecasted to grow at higher rate in future due to rapid growth and rising concerns of peoples regarding health across the world. Another major factor which drives this global blood flow measurement devices market is the rising demand for minimal invasive surgeries all over the world which also helps in boosting this market. The other major factor which helps in accelerating this market is the key players investing huge amounts in research and development for developing and maintaining technological advancements in blood flow measurement devices in all over the world. Although there are many factors which drive this market, but still there are various challenges which are faced by the market such as lack of technical expertise etc. and it majorly affects the growth of the market. There are also some challenges which are faced by global blood flow measurement devices market such as the high cost price of devices etc.
The global blood flow measurement devices market is segmented on the basis of products, applications and by geography. Among all products, the market is segmented into ultrasonic doppler blood flow meters, laser doppler blood flow meters, electromagnetic blood flow meters etc. Among all products, ultrasonic doppler’s blood flow meter dominates the blood flow measurement device market due to rising number of clinical applications across the world. On the basis of applications, the market is segmented into gastroenterology, diabetes, dermatology, peripheral vascular diseases, intracranial monitoring in stroke and brain injury, tumor monitoring and angiogenesis etc.
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Among all applications, rising prevalence of peripheral vascular disorders dominates the market which also benefits this market. On the basis of geography, Europe, Asia Pacific, North America, and ROW are the major segments of this global blood flow measurement devices market. North America region holds the largest market share in blood flow measurement devices market due to increase in circulatory disorders etc. Asia Pacific is forecasted to be the fastest growing region in near future due to rising healthcare infrastructure market across the globe.
Some of the major players of the market include Arjohuntleigh, Inc., Atys Medical, Biomedix Inc, Cardinal Health Inc., Compumedics Ltd, Cook Medical Inc., Deltex Medical, Elcat GMBH, GF Health Products, Inc., and Medistim ASA, Medtronics, Moor Instruments Ltd. and so on. Mergers, product launches, innovation and expansion are some of the key strategies adopted by the market players. On 26 January 2015, the Medtronic has acquired the Covidien, under the terms of acquisition agreement both the companies are merged in the Medtronic PLC. These mergers, product launches and acquisition helps in boosting the growth of global blood flow measurement devices market.
COMPANY PROFILING: – (OVER SCOT ANALYSIS STRATEGIC REVIEW)
1. ARJOHUNTLEIGH, INC.
2. ATYS MEDICAL
3. BIOMEDIX INC,
4. CARDINAL HEALTH INC.
5. COMPUMEDICS LTD
6. COOK MEDICAL INC.
7. DELTEX MEDICAL
8. ELCAT GMBH
9. GF HEALTH PRODUCTS, INC.
10. MEDISTIM ASA
12. MOOR INSTRUMENTS LTD.
13. PERIMED AB
14. TRANSONIC SYSTEMS, INC.
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