Albany, NY -- (SBWIRE) -- 11/24/2017 -- According to the research report, the global market was valued at US$0.27 bn in 2012 and is likely to reach US$0.50 bn by 2019, expanding at a CAGR of 8.7% from 2013 to 2019. Blood flow measurement devices are used for measuring the volume of blood flow to diagnose diseases and disorders. This rate is decided on the basis of the amount of blood passing through a cross section of a blood vessel per unit time. These calculations help the medical practitioners maintain a balance between demand and supply of tissue oxygen of patients.
The demand for blood flow measurement devices is expected to surge in the coming years due to the high incidence of peripheral vascular disorders. The rising pool of geriatrics, who are susceptible to a wide range of diseases, is also expected to drive the overall market. Today, diabetic complications, intracranial monitoring in stroke and brain injury, and arterial occlusions amongst other are diagnosed using blood flow measurement devices.
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The global blood flow measurement devices market is segmented on the basis of product types, applications, and geography. The types of products in this market are ultrasonic doppler blood flowmeters, laser doppler blood flowmeters, and electromagnetic blood flowmeters. The applications of these products are seen in areas of gastroenterology, diabetes research, dermatology, peripheral vascular diseases, and intra-cranial monitoring in stroke and brain injury. In terms of geography, this market is segmented into North America, Asia Pacific, Europe, and Rest of the World.
Geographically, North America is the leading regional segment in the overall market. The report suggests that North America accounted for a share of 41.8% in the global blood flow measurement market, while Europe represented 27.75% in 2012. This dominance was due to the increasing healthcare awareness in the region. North America is expected to continue its stance due to the adoption of improving technologies and rising cases of diabetes and cardiovascular diseases.
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In the same year, Asia Pacific held a share of 23.50% in the global blood flow measurement devices market, while Rest of the World held and estimated share of 6.95%. The rise in the number of metabolic disorders is expected to give this market is a massive boost in the coming few years.
The important players changing the future of the global blood flow measurement devices market are ArjoHuntleigh Inc., Transonic Systems Inc., Deltex Medical, Cook Medical Inc., and Moor Instruments Ltd. The research report has profiled these players to understand the specifics of their management strategies that will decide the competitive landscape of the global market. The report also provides a complete analysis of the financial overview, research and development strategies, business and marketing strategies, and strategic mergers and acquisitions of these market leaders for the near future.
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