The global blood flow measurement devices market has been growing steadily in recent years due to the increasing prevalence of cardiovascular diseases and the rising demand for non-invasive diagnostic procedures. Blood flow measurement devices are used to measure the flow of blood in the arteries and veins, and are commonly used in the diagnosis and treatment of cardiovascular diseases. The global blood flow measurement devices market size was valued at USD 439 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 8.1% from 2021 to 2026. The report also identifies North America as the largest regional market due to the increasing prevalence of cardiovascular diseases and the high adoption rate of technologically advanced devices in the region.
The key players in the blood flow measurement devices market include Medtronic plc, GE Healthcare, Siemens Healthineers, Perimed AB, and Compumedics Limited. These companies are focusing on product innovation, strategic partnerships, and mergers and acquisitions to expand their market presence and increase their revenue. For example, in 2020, Medtronic plc acquired Avenu Medical, Inc., a company that specializes in minimally invasive therapies for vascular disease, to expand its portfolio of products for the treatment of cardiovascular diseases.
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Key findings of the Blood Flow Measurement Devices market study:
Key Segments
Competitive Landscape
The Blood Flow Measurement Devices industry is dominated by some prominent players including
The competition in the sector is driven by key parameters such as product price, targeted customer base, and strategic marketing. Major players in the market focused on the Blood Flow Measurement Devices market innovation by investing more in research and development. Furthermore, the industry players are focusing on the extensive usage of online distribution channels for enhanced cost-effectiveness. The sustainability in the supply chain is a decisive factor for Blood Flow Measurement Devices brands leading to an impact on the margin profits of firms.
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