Global Hemodynamic Monitoring
System Market: Drivers
Increasing prevalence of
congenital heart disease is expected to propel growth of the global Hemodynamic
Monitoring System Market over the forecast period. For instance, according
to the study, Prevalence, profile, and pattern of congenital heart disease in
Central India: A prospective, observational study (published in May 2018), the
prevalence of congenital heart disease (CHD) was 10.13/1000 live births.
Hemodynamic monitoring systems
are used in hospitals, clinics, home care settings, ambulatory surgery centers,
and independent catheterization laboratories. Some of these systems include,
vital sign monitors, pulse oximeters, central venous catheters, non-invasive
blood pressure monitors, and pulmonary artery catheters. The global hemodynamic
monitoring system market is estimated to account for US$ 10,846.3 Mn in terms
of value by the end of 2027.
Global Hemodynamic Monitoring
System Market: Opportunities
The use of the deep-learning
method to build certain kinds of prediction model is increasing in the medical
field. Therefore, key players in the market can focus on integrating
deep-learning method to enhance stroke volume (SV) estimation by arterial blood
pressure.
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Global Hemodynamic Monitoring
System Market: Restraints
However, use of hemodynamic
monitoring systems is associated with complications such as dysrhythmias,
balloon rupture, knotting of the catheter, infection, pulmonary infarction,
pulmonary artery rupture, and deep vein thrombosis, which is expected to hamper
growth of the market.
Key Takeaways:
The Pulse Oximeters segment in
the global hemodynamic monitoring system market was valued at US$ 718.0 Mn in
2018 and is expected to reach US$ 1,078.6 Mn by 2027 at a CAGR of 13.4% during
the forecast period. The growth of the segment is attributed to increasing
patient population suffering from chronic diseases. The Invasive Hemodynamic
Monitoring segment held dominant position in the global hemodynamic monitoring
system market in 2018, accounting for 49.4% share in terms of volume, followed
by Non-Invasive Hemodynamic Monitoring, and Minimally Invasive Hemodynamic
Monitoring, respectively. Technological advancement and increasing product
approvals is anticipated to propel the growth of the segment during the forecast
period
Market Trends:
The preference for home care
settings compared to hospitals is increasing due to growing concerns over the
aging population and relatively high costs incurred during hospitalization of
people suffering from chronic illness. Key players in the market are focused on
developing single monitoring platform. For instance, in July 2019, Caretaker
Medical partnered with Mespere LifeSciences to integrate wireless CNIBP,
Cerebral Oximetry, and other non-invasive hemodynamic measurements in a single
monitoring platform.
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Global Hemodynamic Monitoring
System Market: Competitive Landscape
Major players operating in the
global hemodynamic monitoring system market include, Edwards Lifesciences
Corporation, ICU Medical, Inc., PULSION Medical Systems SE, Koninklijke Philips
N.V., General Electric Company, OMRON Corporation, B. Braun Melsungen AG, LIDCO
Ltd., Medtronic, Inc., Drägerwerk AG & Co. KGaA, Nihon Kohden Corporation,
Schwarzer Cardiotek GmbH, Osypka Medical GmbH, and Tensys Medical Inc.
Global Hemodynamic Monitoring System
Market: Key Developments
In December 2019, Masimo
announced that a study published in the Journal of Clinical Monitoring and
Computing assessed the accuracy of three hemoglobin (Hb) monitoring methods,
including noninvasive, continuous Masimo SpHb.
In November 2019, Saranas, Inc.
announced completion of the first U.S. commercial case using the Early Bird
Bleed Monitoring System for real-time detection and monitoring of endovascular
bleed complications.
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