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Hemodynamic Monitoring Devices Market Trends

Report ID: GMI7995
Published Date: Oct 2024
Report Format: PDF

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Hemodynamic Monitoring Devices Market Trends

The rising prevalence of cardiovascular diseases such as heart failure, coronary artery disease, and hypertension is a major driver. As the global population ages, more individuals become vulnerable to CVDs, necessitating continuous monitoring, particularly in intensive care units (ICUs) and emergency settings.
Additionally, critical conditions such as sepsis, trauma, and major surgeries require close hemodynamic monitoring to guide treatment decisions, which further increases the demand for these devices.
Moreover, the integration of wireless technology into hemodynamic monitoring devices has significantly enhanced their functionality. Real-time data transmission enables continuous monitoring and immediate access to patient data from remote locations, facilitating timely interventions and reducing the need for frequent hospital visits, thus driving market growth.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global hemodynamic monitoring devices industry was valued at around USD 1.4 billion in 2023 and is estimated to grow at a 6.7% CAGR from 2024 to 2032, driven by the increasing need for cardiovascular system assessment tools.

The disposables segment dominated the market with a revenue of USD 437.9 million in 2023, as single-use items are crucial in minimizing the risk of cross-contamination and hospital-acquired infections (HAIs).

North American market for hemodynamic monitoring devices recorded USD 470.5 million in 2023 and is forecasted to reach USD 888.1 million by 2032, driven by the rising prevalence of chronic diseases.

Key players in the industry include Abbott Laboratories, Baxter International, Canon Medical Systems Corporation, Deltex Medical Group, Edwards Lifesciences Corporation, GE HealthCare Technologies, Getinge, ICU Medical, and Koninklijke Philips N.V.