Cardiovascular disease (CVD), listed as the underlying cause of death, accounted for 874,613 deaths in the United States in 2019
Technological advancements
In March 2021, Philips launched its interventional hemodynamic system featuring a patient monitor- IntelliVue X3 to provide advanced hemodynamic (blood flow) measurements and improve patient focus during image-guided procedures.
Growing Prevalence of Cardiovascular Diseases
According to WHO, 32% of all deaths across the globe i.e., 17.9 million people die due to CVD every year.
Recent Development
- One such minimally/non-invasive Hemodynamic Monitor is made by renowned UK-based manufacturer LiDCO, the LiDCOrapid, with minimally invasive monitoring via the standard radial arterial line and one cost-effective disposable.
- In February 2022, Caretaker Medical received the US Food and Drug Administration (FDA) clearance to add four new parameters on its next-generation VitalStream wireless ‘beat-by-beat’ blood pressure and hemodynamic monitoring platform, to include stroke volume, cardiac output, left ventricular ejection time, and heart rate variability.
- In July 2022, Retia Medical received Series B funding of $15 million led by Fresenius Medical Care Ventures to expand its commercial team and accelerate the development and commercialization of its Argos Hemodynamic Monitor.
- In 2020, Philips, a leading provider of healthcare technology, acquired Xhale Assurance, a company specializing in non-invasive monitoring technologies. The acquisition expanded Philips' portfolio of monitoring systems and provided access to new technologies for non-invasive monitoring of key hemodynamic parameters.\
- In 2020, ICU Medical, a leading provider of infusion therapy and critical care products, acquired the hemodynamic monitoring product line of Cheetah Medical, a company specializing in non-invasive monitoring technologies. The acquisition expanded ICU Medical's portfolio of monitoring systems and provided access to new technologies for non-invasive monitoring of key hemodynamic parameters.
- In 2019, Baxter International, a leading provider of renal and hospital products, acquired Cheetah Medical, a company specializing in non-invasive monitoring technologies. The acquisition expanded Baxter International's portfolio of monitoring systems and provided access to new technologies for non-invasive monitoring of key hemodynamic parameters.
Market Segmentation
The global hemodynamic monitoring system market can be segmented by product, type, end-user, and region. Based on the product, the market can be divided into Disposable and Monitors. Based on type, the market can be grouped into Invasive Hemodynamic Monitoring Systems, Minimally Invasive Hemodynamic Monitoring Systems, and Non-invasive Hemodynamic Monitoring Systems. Based on end users, the market can be segmented into Hospitals, Clinics, and Ambulatory Care Centers. Regionally, North America dominated the market among Asia Pacific, Europe, Middle East & Africa, and South America. Among the different countries, the United States dominated the global hemodynamic monitoring market on account of the growing demand for minimally invasive surgeries with low costs for the treatment of cardiovascular diseases.
Market Players
Edwards Lifesciences Corporation, Pulsion Medical Systems Se., Lidco Group Limited., Deltex Medical Group PLC., ICU Medical Inc., Cnsystems Medizintechnik GmbH., Caretaker Medical Inc., Osypka Medical GmbH., Cheetah Medical., NI Medical., Uscom. are some of the leading players operating in the Global Hemodynamic Monitoring System Market.
Attribute | Details |
Base Year | 2022 |
Historic Data | 2018 – 2021 |
Estimated Year | 2023 |
Forecast Period | 2024 – 2028 |
Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments covered | · By Product · By Type · By End User · By Region |
Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
Country scope | United States; Canada; Mexico; France; Germany; United Kingdom; Italy; Spain; China; India; Japan; South Korea; Australia; Brazil; Argentina; Colombia; South Africa; Saudi Arabia; UAE |
Key companies profiled | Edwards Lifesciences Corporation, Pulsion Medical Systems Se., Lidco Group Limited., Deltex Medical Group PLC., ICU Medical Inc., Cnsystems Medizintechnik GmbH., Caretaker Medical Inc., Osypka Medical GmbH., Cheetah Medical., NI Medical., Uscom |
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