LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global blood flow measurement devices market to grow at a CAGR of almost 9% during the forecast period, according to their latest report.
The research study covers the present scenario and growth prospects of the global blood flow measurement devices market for 2017-2021. The market is segmented based on the product (system and accessories) and application (diabetes and peripheral vascular system, dermatology, brain stroke, and gastroenterology). The market is further segmented into geography, including the Americas, EMEA, and APAC.
The global blood flow measurement devices market will likely to grow at a moderate pace during the forecast period. The sales of systems and accessories such as probes will increase globally due to rise in the incidence of heart disease, PAD, diabetes, dermatology, cancer, gastroenterology, treatment of burns, and pressure ulcers, which involves the analysis of blood flow range for the treatment.
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Technavio healthcare and life science research analysts highlight the following three factors that are contributing to the growth of the global blood flow measurement devices market:
- Increasing number of blood flow disorders
- Mergers and acquisitions of hospitals for better and new model of healthcare
- Diabetic epidemic combined with aging population
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Increasing number of blood flow disorders
Blood flow plays a vital role in determining the health of the tissues, cells, and organs. Blood flow varies from one individual to another, which depends on many factors such as age, environmental conditions (hot and cold climate), and physical state (at rest and pressure). Blood flow helps in maintaining the osmotic pressure in the body, helps in the transportation of nutrients, hormones, metabolic waste, oxygen and carbon dioxide level to maintain the cell metabolism, and protecting from harmful microbes.
Srinivas Sashidhar, a lead orthopedics and medical devices research analyst at Technavio, says, “Pressure ulcers can develop when a large amount of pressure is applied to the skin over a short period and when less pressure is applied over a long period. This extra pressure disrupts the blood flow to the skin, and without the blood supply, the affected part becomes starved of oxygen and nutrition. Pressure ulcer often affects the individuals who are difficult to move or bed-ridden.”
Mergers and acquisitions of hospitals for better and new model of healthcare
The growing M&A and collaboration of hospitals will lead to the positive growth of blood flow measurement devices. The large hospitals acquire or merge with medium and small hospitals, which will help in enhancing the quality of the assessment performed in the hospital by providing training to the physicians and lab staffs.
“With M&A, the cost of treatment will reduce, which leads to increase in the number of individuals undergoing treatment, resulting in the more number of blood flow tests. Merging of specialty hospitals and institutes such as cancer institute, burn treatment hospitals, diabetic care hospitals, where all the disorders related to the imbalanced blood flow are treated, will enhance the quality of assessment,” adds Srinivas.
Diabetic epidemic combined with aging population
Due to increased life expectancy in the older population, there is a paradigm shift of lifestyle-related diseases such as diabetes from adult population to the older population. The glycemic level is higher in the older population than younger people owing to obesity, eating habits, and lack of exercise.
Diabetes will increase the incidence rate of PAD by six times. The combination of diabetes and PAD can increase the risk of limb amputation or lead to the death of the individual. Diabetes will also damage the nerves, veins, and arteries, which reduces blood flow and increase the chance of foot ulcers.
Top vendors:
- Medtronic
- GE Healthcare
- Siemens Healthineers
- Koninklijke Philips
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