Factors such as technological advancements in hemodynamic monitoring systems, increasing research into hemodynamic monitoring systems, influx of VC funding, rising prevalence of cardiovascular diseases & diabetes, rising geriatric population & growing number of surgeries, awareness initiatives by industry players, and government focus on critical care infrastructure & services are driving the growth of the hemodynamic monitoring systems market.

Hemodynamic monitoring systems refer to the type of systems that are deployed for examining patient’s blood flow in detail and obtain various metrics such as, blood pressure inside various parts of the circulatory system and oxygen in the blood.

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Hemodynamic Monitoring Systems Market,by Region,2023(USD billion)

Market Segmentation

On the basis of type, the hemodynamic monitoring systems market is segmented into invasive, minimally invasive, and noninvasive systems. In 2018, the invasive systems segment is expected to account for the largest share of the global market. Invasive hemodynamic monitoring provides accurate, continuous, and comprehensive data on the hemodynamic state of a patient.

On the basis of end user, the hemodynamic monitoring systems market is segmented into hospitals, clinics and ambulatory care centers (ACCs), and home care settings. In 2018, hospitals segment is expected to account for the largest share of the global market. The large share of this segment can be attributed to the presence of big cath labs in hospitals, successful application of hemodynamic monitoring systems in several procedures, global increase in the number of patients and the subsequent increase in the prevalence of cardiovascular and other chronic diseases, and continuous technological advancements coupled with government funding.

Regional Analysis

North America is expected to account for the largest share of the hemodynamic monitoring systems market, followed by Europe. Factors such as rising geriatric population, increasing prevalence of diabetes and hypertension, availability of technologically advanced hemodynamic monitoring systems, growing use of patient monitoring systems, and a large base of major device manufacturers in the US and Canada are contributing to the large share of North America.

Key Market Players

The key players in the global hemodynamic monitoring systems market are Edwards Lifesciences Corporation (US), PULSION Medical Systems SE (Germany), LiDCO Group plc (UK), Cheetah Medical (Israel), Deltex Medical Group Plc. (UK), ICU Medical (US), Osypka Medical GmbH (Germany), CareTaker Medical (US), CNSystems (Austria), NI Medical (Israel), and Uscom (Australia).

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Expected Revenue Growth:

The global hemodynamic monitoring systems market is expected to reach USD 1,167.4 million by 2023 from USD 857.8 million in 2018, at a CAGR of 6.4%.

Edwards Lifesciences dominated the global hemodynamic monitoring systems market in 2017. The company’s Critical Care segment develops, manufactures, and markets hemodynamic products, such as the minimally invasive FloTrac systems and the noninvasive ClearSight system.