Blood Flow Measurement Devices Is Estimated To Witness High Growth...

Blood Flow Measurement Devices Is Estimated To Witness High Growth Owing To Growing Awareness About Cerebrovascular And Cardiovascular Diseases

Posted 2023-11-30 08:46:04

Blood flow measurement devices are medical devices that are used to measure and monitor blood circulation in different blood vessels of the body. These devices help detect issues related to blood flow and circulation. Some common devices are Doppler ultrasound devices, plethysmography devices, and laser Doppler devices. These devices find application in detection of deep vein thrombosis, peripheral arterial disease screening, and diagnosis of cardiovascular conditions.

The global blood flow measurement devices market is witnessing significant growth owing to the growing prevalence of cerebrovascular diseases and cardiovascular diseases worldwide. As per the World Health Organization (WHO), cardiovascular diseases are the leading cause of death globally, taking an estimated 17.9 million lives each year. High blood pressure, obesity, smoking, and lack of physical activity are some key risk factors. Further, increasing healthcare expenditure, awareness among population, and technological advancement in devices are some other factors driving the market growth during the forecast period. Moreover, developing healthcare infrastructure in emerging economies is anticipated to present lucrative growth opportunities for players in the market.

The Global Blood Flow Measurement Devices Market Demand is expected to witness high growth, exhibiting CAGR of 8.8% over the forecast period, due to increasing prevalence of cardiovascular diseases worldwide. North America currently dominates the market due to supportive reimbursement schemes and advanced healthcare infrastructure. However, Asia Pacific is likely to be the fastest growing region attributable to rising healthcare expenditure, large patient population and increasing medical tourism.

North America is projected to account for over 35% value share of the global market by 2030, followed by Europe. This is attributed to the significant contribution of the US and Germany markets. However, Asia Pacific region is anticipated to grow at a CAGR above 10% during the forecast period. Rapidly developing healthcare infrastructure especially in China and India will drive the regional growth.

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