Blood Flow Detector Market is valued at 396.10 USD Million in 2017 and expected to reach USD 824.97 Million by 2024 with the CAGR of 11.05% over the forecast period.
Blood flow is one of the important physiological parameter and the most difficult to measure accurately. The average velocity of blood differs over a wide range depending on a diameter of a blood vessel. The techniques for measuring the blood flow are categorized into Invasive and Non-invasive. Mostly used flow meters are Electromagnetic blood flow meters, Ultrasonic blood flow meters, NMR blood flow meters, and Laser Doppler blood flow meters. During the study of Global Blood Flow Detector market, we have considered Blood Flow Detector product type and application type to analyze the market.
Global Blood Flow Detector Market report is segmented on the basis of product type, application type and by regional & country level. Based upon Product type global Blood Flow Detector Market is classified as Ultrasound Doppler and Laser Doppler. Ultrasound products are further fragmented into Ultrasound Doppler and Transit-time Flow Meters (TTFM). Based upon applications global blood flow detector market is classified as Non-invasive, and Invasive. Non-invasive types are further divided into Cardiovascular Diseases, Gastroenterology, Diabetes, Tumor Monitoring and many others including Intracranial Pressure Monitoring in Brain Injury and Dermatology. Invasive types are subdivided into CABG, Microvascular surgeries and others such as Reconstructive Surgery and Organ Transplantation.
The regions covered in this Blood Flow Detector Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of the country level, market of Blood Flow Detector is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
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Increased Prevalence of cardiovascular diseases & diabetes and technological advancements in the healthcare industry
The commercialization and growth of global blood flow detector market over the past 25 years have been highly impactful. As there are changes in lifestyle and various others factors affecting the health of individuals on a large scale. This led to the increase in various diseases such as cardiovascular diseases and diabetes. Increased prevalence of various diseases due to rising geriatric population led to the increased demand of better treatment. Increased demand of better and advanced treatment has led to the better research and technologically advanced facilities. Additionally, increased influx of VC funding in healthcare facilities by various players to make their work easier are expected to support the growth of blood flow detector market over the forecast period. Increased investment and demand of better detection facilities has led to various technological advancements in the blood flow detector market.
North America is expected to dominate the Blood Flow Detector Market
North America dominates the market with highest market share due to growing geriatric population and prevalence of cardiovascular diseases in the U.S as well as established healthcare facilities and infrastructure coupled with high reimbursement policies in the region are expected to support the growth of North America Blood Flow Detectors Market. AsiaPacific is expected to be the second largest growing region over the forecast period due to the early adoption of advanced technologies and increased elderly population in the region. As per the UNFPA report, by 2050, one in four people in Asia and the Pacific will be over 60 years old. The population of older persons (aged over 60) in the region will triple between 2010 and 2050, reaching close to 1.3 billion people. Europe too is one of the largest and fastest growing regions over the forecast period owing to the increased demand of healthcare facilities and infrastructure. Furthermore, increased awareness among people about various diseases and increase in VC funding coupled with increasing disposable income are expected to fuel the growth of Blood Flow Detector market over the forecast period.