October 10, 2022 08:40 ET | Source: CMI CMI
Seattle, Oct. 10, 2022 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global blood flow measurement devices market is estimated to be valued at US$ 639.5 million in 2022 and is expected to exhibit a CAGR of 8.8 % during the forecast period (2022-2030).
Key Trends and Analysis of the Global Blood Flow Measurement Devices Market:
Major players operating in the global blood flow measurement devices market are focused on approval and launch of new devices to expand their product portfolio. For instance, in January 2020, Cook Medical was granted a De Novo authorization, which provides a marketing pathway to classify novel medical devices for which general controls alone, or general and special controls, provide reasonable assurance of safety and effectiveness for the intended use, from the U.S. FDA to market its new device, EchoTip Insight Portosystemic Pressure Gradient Measurement System, an endoscopic ultrasound device which allows endoscopists to measure portal hypertension, in the U.S.
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The global blood flow measurement devices market is expected to exhibit a CAGR of 8.8% during the forecast period due to increasing research and development of blood flow measurement devices. For instance, according to the data published in September 2020, on department of science and technology, which is an official website of government of India, stated that Sree ChitraTirunal Institute for Medical Sciences and Technology (SCTIMST), which is an autonomous institute of the Department of Science and Technology, Government of India, has developed a simple, advanced, and cost-effective electromagnetic blood flow meter.
Among application, cardiovascular disease segment is expected to hold a dominant position over the forecast period, owing to increasing prevalence of cardiovascular disease. For instance, according to data published in June 2021, on World Health Organization (WHO), stated that an estimated 17.9 million people died from cardiovascular disease (CVDs) in 2019, representing 32% of all global deaths.
On the basis of region, North America segment is expected to hold a dominant position over the forecast period, owing to increasing number of organ transplantation in the region. For instance, according to data published in January 2021, on Organ Procurement and Transplantation Network (OPTN), which is an official U.S. government website, stated that in 2021, 41,354 organ transplants were performed in the U.S., an increase of 5.9 % over 2020.
Key players operating in the global blood flow measurement devices market include Arjo, Atys Medical, Compumedics Ltd., Cook Medical Inc., Deltex Medical Ltd., GF Health Products, Inc., Medistim ASA, Moor Instruments Ltd., Perimed AB, Transonic Systems, Inc., Medtronics, Biomedix Inc, AKW Medicals Inc., D E Hokanson Inc., Elcat GmBH, Flowtronics Inc., Ace Medicals, Carolina Medical Plc, and Compumedics Ltd.
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