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Global Haemodynamic Monitoring Systems Market to Reach a Value of Over USD 1.30 Billion by 2027, Aided by Rise in the Prevalence of Cardiac Disorders

According to a new report by EMR titled, ‘Global Haemodynamic Monitoring Systems Market Report and Forecast 2022-2027’, the global haemodynamic monitoring systems industry reached a value of more than USD 1 billion in 2021. The industry is further expected to grow at a CAGR of 5.2% in the forecast period of 2022-2027 to reach a value of over USD 1.30 billion by 2027.

The rising prevalence of severe diseases has fuelled the demand for innovative monitoring systems that can track and monitor various health-related factors. The rising prevalence of lifestyle diseases including cardiac disorders, diabetes, and hypertension, the rising incidence of respiratory infections, the growing demand for critical congenital heart disease (CCHD) screening, government, and private sector initiatives to deduct healthcare costs, and the increasing demand for home-based and non-invasive monitoring systems are some of the growth-driving factors for haemodynamic monitoring systems. A critical element in this is the adoption of unhealthy, sedentary lifestyles by a rising demographic of urban users, which has resulted in cardiovascular illnesses becoming a disease of the young and middle-aged rather than being limited to the elderly. Urban consumers' unhealthy dietary choices and sedentary lifestyles have also contributed to the rising prevalence of cardiovascular ailments, making them a vital indirect contributor to the global haemodynamic monitoring systems industry.

To achieve a competitive advantage, global firms invest in research and development to introduce innovative products. They are also concentrating on regional expansion via mergers and acquisitions. For example, Philips (NYSE: PNG), a global leader in healthcare technology, recently announced integrating its Interventional haemodynamic system with the IntelliVue X3, the industry's best portable patient monitor. The portable monitor will track vital signs throughout a patient's journey. The connectivity also makes it easier to keep track of data for specific patients.

Market Analysis by System, Application, Product, End User, and Regions:

  • Based on the system, that market is categorised into minimally invasive monitoring systems, invasive monitoring systems, and non-invasive monitoring systems.
  • The applications of haemodynamic monitoring systems in the market include laboratory-based monitoring systems, home-based monitoring systems, and hospital-based monitoring systems. 
  • The product types in the industry are monitors and disposables.
  • The end-users of the market can be divided into hospitals, clinics, ambulatory care centres, and home care settings.
  • The regional markets for haemodynamic monitoring systems include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The technological advancements in the products and their integration with hospital software are expected to impact the industry positively.
  • Continuous research and development are expected to boost hospitals' sales over the forecast period.
  • An increasing graying global population will lead to the increased adoption of haemodynamic monitoring systems in healthcare centres worldwide.
  • The digitalisation of hospital systems leading to integrating these devices with computer platforms is expected to boost the market growth.

Key Offerings of the report:

  • The EMR report gives an overview of the haemodynamic monitoring systems industry for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecasted (2022-2027) markets for the system, applications, product, end-users, and major regions of haemodynamic monitoring systems.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global haemodynamic monitoring systems market are Getinge AB, Edwards Lifesciences Corporation, ICU Medical, Inc., LiDCO Limited, Koninklijke Philips N.V., and Schwarzer Cardiotek GmbH, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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