LONDON, Aug. 22, 2016 /PRNewswire/ -- The hemodynamic monitoring systems market is projected to reach USD 1,143.7 million by 2021 from USD 925.2 million in 2016, growing at a CAGR of 4.3% during the forecast period. Factors such as rising prevalence of diabetes and cardiovascular diseases, technological advancements, initiatives adopted by industry players, and rising aging population are driving the growth of the hemodynamic monitoring systems market.
Hemodynamic monitoring is the measurement of blood circulation and cardiac functions. It allows doctors to evaluate whether enough oxygen is being delivered to the organs and tissues. Healthcare providers use this information to detect changes or problems in a patient's health.
The disposables segment is expected to account for the largest share of the hemodynamic monitoring systems market, by product, in 2016. Hemodynamic disposables form an integral part of hemodynamic monitoring to determine the hemodynamic parameters in critically ill patients, thus attributing to the large share of the segment.
The invasive monitoring systems segment is expected to account for the largest share of the hemodynamic monitoring systems market, by type, in 2016. The large share of this segment is mainly attributed to the increasing utilization of invasive hemodynamic monitoring systems in both intensive care units (ICUs) and operating theaters (OTs) for the monitoring of patients with critical illnesses and hemodynamic instability.
The hospitals segment is expected to account for the largest share of the global hemodynamic monitoring systems market, by end user, in 2016. The large share of this segment is mainly attributed to the rising aging population and increasing prevalence of diseases such as cardiovascular and diabetes.
North America is expected to account for the largest share of the hemodynamic monitoring systems market in 2016, followed by Asia-Pacific, Europe, and the Rest of the World (RoW). The large share of the North American region can be attributed to technological advancements, initiatives adopted by industry players to boost the demand of hemodynamic monitoring systems in the U.S., and prevalence of high diabetes in Canada propels the market for Hemodynamic Monitoring Systems in North America. The Asia-Pacific region is expected to witness the highest growth rate in the forecast period, mainly due to the rapidly aging population in India and China and the high prevalence of diabetes in Vietnam, Singapore, Malaysia, China, and India.
The hemodynamic monitoring systems market is highly competitive, as there are several big and small firms with similar product offerings. These companies adopt various strategies (mergers and acquisitions; agreements, partnerships, collaborations, and joint ventures; new product launches, funding, and FDA approvals; and marketing & promotion) to increase their shares and establish a stronger foothold in the global hemodynamic monitoring systems market.
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- Market Penetration: Comprehensive information on the product portfolios of the top players in the hemodynamic monitoring systems market. The report analyzes the market based on product, type, , and end user
- Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the hemodynamic monitoring systems market
- Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various hemodynamic monitoring systems across regions
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- Competitive Assessment: In-depth assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of the leading players in the hemodynamic monitoring systems market
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