The Europe hemodynamic monitoring market size is estimated to expand at a robust CAGR during the forecast period, 2021-2028. The growth of market is attributed to increasing obese population, rising cases of diabetes and cardiac disorder illness, and growing demand for home-based solutions and non-invasive process.
According to the latest report of Economic Policy Committee (EPC) and the European Commission’s Directorate-General for Economics and Financial Affairs (DG ECFIN) states that the cost of ageing with the region is estimated to escalate by 1.5% to 25.6% of GDP, till 2070. Such long term analysis is done to understand the ageing pattern of European region. With the growing number geriatric population and the demand for monitoring tools is estimated to accelerate the market in the coming years.
Moreover, with technological advancements in healthcare industry, and rapid adoption within many parts of the regions are expected to fuel the market, along with the scenarios where the patients are to be monitored on a crucial basis who have recently undergone surgery.
With the sudden emergence of COVID-19 disease affected the markets of the several economies adversely, although it impacted positively for the hemodynamic monitoring system market due to increasing prevalence of CVD globally and high susceptibility of risk factors associated with cardiac output, demand for accuracy and less time consumption monitoring system witnessed a surge in demand for the market.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing critically ill geriatric population within the region is expected to drive the market in the coming years.
- Growing demand for non-invasive monitoring system is estimated to propel the market during the forecast period.
- Rising prevalence of diseases such as CVD, diabetes, hypertensions, stroke, and obesity are anticipated to surge the market during the projected period.
- Increasing number of surgeries across the globe is expected to boost the market during the forecast period.
- Increasing demand for monitoring tools due to ageing population within the region is estimated to augment the market in the coming years.
- R&D and technological advancement in healthcare industry to develop invasive less process is anticipated to offer lucrative opportunities for the key players in the market during the projected period.
Scope of the market
The report on the Europe hemodynamic monitoring market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes
|
Details
|
|
Report Title
|
Hemodynamic Monitoring Market – Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2020
|
|
Historic Data
|
2018–2019
|
|
Forecast Period
|
2021–2028
|
|
Segmentation
|
Types of System (Invasive Monitoring Systems, Minimally-invasive Monitoring Systems, and Non-invasive Monitoring System), Applications (Home-based Monitoring System, Hospitals-based Monitoring System, and Laboratory-based Monitoring Systems), Types of Product (Catheters, Connecting Tube, Guide wires, IV Fluid, Transducers, and Pressure Monitors)
|
|
Geographical Scope
|
UK, Germany, Italy, Spain, France, and Rest of Europe
|
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
|
Key Players Covered in the Report
|
Lidco Group; ICU Medical Inc; Getting AB; Edward Lifesciences; Koninklijke Philips NV.
|
Market Segment Insights
The non-invasive monitoring system is expected to exhibit high CAGR
Based on systems, the market is segregated into invasive monitoring systems, minimally-invasive monitoring systems, and non-invasive monitoring system. The non-invasive monitoring system is expected to exhibit high CAGR in the coming years due to increasing demand by the patients for such technology and constant product innovation. Non-invasive system offers in-house analysis of hemodynamic with utmost accuracy and reliability.
The hospitals-based monitoring system segment is estimated to hold key share of the market
On the basis of applications, the market is fragmented into home-based monitoring system, hospitals-based monitoring system, and laboratory-based monitoring systems. The hospitals-based monitoring system segment is estimated to hold key share of the market during the forecast period owing to the challenges faced by hospitals in ICU’s. Emergency rooms and other departments along with the critically ill patients admitted to ER, repeated drawing of blood increases the risk of organ dysfunction and morbidity in some patients, also heart failure, major bleeding stroke, hypoxia, and more patients suffering from anemia thus escalate the use of hemodynamic monitoring system within the segment as it can optimize diagnosis, and reduces complexities and hospitalization time.
The pressure monitors segment is anticipated to account large market share
Based on the types of products, the market is categorized into catheters, connecting tube, guide wires, IV fluid, transducers, and pressure monitors. The pressure monitors segment is anticipated to account for a large market share due to the functionality of the system to administer over cardiac activity and also provides vital information about blood volume, pressure, and fluid balance, thus augmenting the segment within the region.
Segments
Europe hemodynamic monitoring market has been segmented on the basis of
Types of systems
- Invasive Monitoring Systems
- Minimally-invasive Monitoring Systems
- Non-invasive Monitoring System
Applications
- Home-based Monitoring System
- Hospitals-based Monitoring System
- Laboratory-based Monitoring Systems
Type of products
- Catheters
- Connecting Tube
- Guide wires
- IV Fluid
- Transducers
- Pressure Monitors
Geographies
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Key players
- Lidco Group
- ICU Medical Inc.
- Getting AB
- Edward Lifesciences
- Koninklijke Philips NV.
Competitive Landscape
Key players competing in the Europe hemodynamic monitoring market include Lidco Group; ICU Medical Inc; Getting AB; Edward Lifesciences; Koninklijke Philips NV.
Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
Request For Customization
Enquiry Before Buying
Speak With Analyst
