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  • Published On : Sep 2022
  • Code : CMI183
  • Industry : Medical Devices
  • Pages : 150
  • Formats :

Biopharmaceuticals are drugs that are partially or fully manufactured, or extracted from biological sources such as proteins, viruses, and cells. Biopharmaceuticals contain variety of products such as monoclonal antibodies, vaccines, recombinant human insulin, human growth hormone, erythropoietin, interferon, colony stimulating factor, and blood factors. Different from traditional drugs synthesized from chemical processes, majority of biopharmaceutical products are derived from biological processes such as recombinant deoxyribonucleic acid (DNA) technologies

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).

Figure 1. Global Blood Flow Measurement Devices Market Share (%), by Application, 2022

Blood Flow Measurement Devices  | Coherent Market Insights

Increasing prevalence of peripheral vascular diseases are expected to drive growth of the blood flow measurement devices market

Increasing prevalence of peripheral vascular diseases are expected to drive growth of the blood flow measurement devices market. For instance, according to National Center for Biotechnology Information May 2018 data, over 200 million people suffer from peripheral arterial disease worldwide.

Figure 2. Global Blood Flow Measurement Devices Market Share (%), by Region, 2022

Blood Flow Measurement Devices  | Coherent Market Insights

Increasing development of biodegradable flow measurement devices are expected to drive market growth during the forecast period.

Increasing development of biodegradable flow measurement devices are expected to drive market growth during the forecast period.

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Blood Flow Measurement Devices Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2022: US$ 639.5 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 8.8% 2030 Value Projection: US$ 1,253.9 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Product Type: Ultrasonic Doppler Blood Flowmeters, Laser Doppler Blood Flowmeters, Electromagnetic Blood Flowmeters
  • By Application: Gastroenterology, Diabetes, Dermatology, Cardiovascular Disease, Intra-cranial Monitoring in Stroke and Brain Injury, Others (Tumor Monitoring and Angiogenesis)
  • By End User: Hospitals, Clinics, Specialty Centers
Companies covered:

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.

Growth Drivers:
  • Increasing prevalence of peripheral vascular diseases
  • Increasing development of biodegradable flow measurement devices
Restraints & Challenges:
  • Stringent regulatory scenario

Global Blood Flow Measurement Devices Market – Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization had declared it a public health emergency on January 30, 2020.

COVID-19 has affected the economy in three main ways: by directly affecting production and demand of drugs and vaccines, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, U.A.E., Egypt, and others, faced problems with regard to the transportation of drugs and vaccines from one place to another.

The increased number of patients experiencing chronic diseases and covid-19 at the same time has led to an increase in the usage of blood flow measurement devices as the covid arrived at the end of the previous forecast period. To stop the infection from spreading, the governments imposed lockdowns and logistics restrictions. As a result of the supply chain and distribution routes being frozen, numerous markets were impacted. However, the healthcare industry has prospered, and as a result of other effects of COVID-19, more ultrasonic blood flow measurement equipment is being used.

Global Blood Flow Measurement Devices Market: Key Developments

On June 25, 2020, Infineon Technologies AG, a German semiconductor manufacturer, announced that its Silicon Valley Innovation Center (SVIC) has entered a new agreement with Blumio, which is California-based company, to co-develop a wearable, non-invasive blood pressure sensor.

In July 2019, Arjo, which is global provider of medical devices and medical solutions, acquired substantial equity in Atlas Lift Tech, a Silicon Valley-based company offering patient handling solutions and real-time efficiency analytics.

Global Blood Flow Measurement Devices Market: Restraint

Stringent regulatory scenario is expected to hinder growth of the global flow measurement devices market. Stringent regulatory requirements and the lengthy process of FDA approvals have discouraged the OEMs of medical devices in the U.S., which are now expanding to other regions such as Asian and Latin American countries to launch newer products in the market.

Moreover, need for huge investments for R&D and clinical trials; slow approval processes; and minimal return on investment for the stakeholders is also expected to limit growth of the global flow measurement devices market.

Key Players

Major 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.

Blood flow rate is monitored as a vital health indicator before a variety of medical examinations and surgeries. Additionally, it is a requirement for routine checkups in the geriatric population. The measurement tools must be accurate and comparable to the available medical services. The market value is increasing as a result of increased healthcare costs and the frequency of cardiovascular diseases. It is highly helpful to measure the blood flowing through a blood vessel's cross section over a certain time period using tools like transit-time flow metres (TTFM), laser Doppler, and ultrasound. Due to the dangerous repercussions of not being aware of blood pressure, consumers eagerly pick blood flow monitoring equipment, which is frequently advised by medical professionals.

All body organs must have a sufficient flow of blood to function properly, as blood transports all the nutrients and oxygen that our body requires to remain healthy. A number of disorders affect how well blood reaches the organs. Thus, vital data for disease diagnosis can be obtained from the monitoring of blood flow. A quick, accurate, and non-invasive blood flow monitoring approach would give doctors additional alternatives for making an early disease diagnosis because changes in blood flow occur at the very early stages of disease.

Market Dynamics

Increasing research and development (R&D) of new devices is expected to boost the growth of the global flow measurement devices market. For instance, in July 2019, researchers from Flinders University in Australia announced that they have developed micro-medical device to continuously monitor blood flow during heart surgery procedures. The team is currently seeking commercial partnerships to further develop their device.

Key features of the study:

  • This report provides an in-depth analysis of the global blood flow measurement devices market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global blood flow measurement devices market  based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study 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.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global blood flow measurement devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global blood flow measurement devices market

Detailed Segmentation:

  • Global Blood Flow Measurement Devices Market, By Product Type:
    • Ultrasonic Doppler Blood Flowmeters
    • Laser Doppler Blood Flowmeters
    • Electromagnetic Blood Flowmeters
  • Global Blood Flow Measurement Devices Market, By Application:
    • Gastroenterology
    • Diabetes
    • Dermatology
    • Cardiovascular Disease
    • Intra-cranial Monitoring in Stroke and Brain Injury
    • Others (Tumor Monitoring and Angiogenesis )
  • Global Blood Flow Measurement Devices Market, By End User:
    • Hospitals
    • Clinics
    • Specialty Centers
  • Global Blood Flow Measurement Devices Market, By Region:
    • North America
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Country
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Region/Country
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Arjo
      • Company Highlights
      • Products Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • 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.
    • Cook Medical
    • Elcat GmBH
    • Flowtronics Inc.
    • Ace Medicals
    • Carolina Medical Plc
    • Compumedics Ltd.

“*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

Global blood flow measurement devices market size is estimated to be valued at US$ 639.5 million in 2022 and is expected to exhibit a CAGR of 8.8 % between 2022 and 2030.
Factors such as increasing prevalence of peripheral vascular diseases and increasing development of biodegradable flow measurement devices are expected to drive the market growth.
Cardiovascular Disease is the leading application segment in the market.
The major factors hampering growth of the market include stringent regulatory scenario.
Major players operating in the 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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