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Global Hemodynamic Monitoring Devices Market to Surpass US 1 Billion by 2020, According to TechnavioThe global hemodynamic monitoring devices market expected to generate over USD 1 billion by 2020, growing at a CAGR of 6.44%, according to Technavio's latest report. In this report, Technavio covers the market outlook and growth prospects of the global hemodynamic monitoring devices market for 2016-2020. Based on application platform, the market is segmented into the following:
Technavio's research study segments the global hemodynamic monitoring devices market into the following regions:
APAC: largest hemodynamic monitoring devices market In 2015, the Americas was the leading contributor to the market, with the US being the major revenue generator. Critical care is one of the fastest-growing segment in the region. The number of medical facilities such as hospitals and ambulatory surgical centers is increasing in this region. These medical facilities are purchasing hemodynamic monitoring systems and consumables to monitor individuals with life-threatening conditions. Manufacturers are developing minimally invasive technologies for early diagnosis and effective treatment of various fatal diseases. However, they along with medical facilities are under constant pressure to provide these technologies at an affordable price without compromising on the quality of the device or associated treatment. "Funding from governmental and non-governmental sources help vendors invest in R&D and market their innovative products. For instance, in March 2014, Fletcher Spaght Ventures funded Cheetah Medical with USD 9 million for the latter to develop and market its products," says Barath Palada, a lead analyst at Technavio for patient monitoring device. Ask for a sample of this report: http://goo.gl/j2IioS Hemodynamic monitoring devices market in EMEA Medical facilities in EMEA are trying to improve medical outcomes and cardiology module, which have led them to implement hemodynamic monitoring systems and associated consumables, ECG devices, and catheterization products. Europe represents the largest market for hemodynamic monitoring systems in EMEA and the second largest after North America worldwide. The Middle East and Africa (MEA) in EMEA is still underpenetrated for these devices. The sales of hemodynamic monitoring devices are more in rapidly growing economies, such as the UK, France, and Germany, in Western Europe. In May 2012, the NHS estimated that more than 800,000 people in the UK require advanced monitoring, but only 10% undergo the procedure. The use of hemodynamic monitoring systems to treat these people can help the NHS save about USD 514.2 million per year. This has led the organization to support advanced fluid monitoring techniques including hemodynamic monitoring, particularly non-invasive methods. "This technique can also lead to higher sales of disposable consumables in the market. Many hospitals in the country use hemodynamic monitoring technologies, leading vendors to collaborate with a single supplier. This helps hospitals manage their financial cost and reduce clinical risks," adds Barath. Hemodynamic monitoring devices market in APAC APAC presents significant opportunities for vendors to expand. The region has many emerging countries, such as China, India, Thailand, and Singapore, whose economy is fast growing. The region is densely populated, resulting in the presence of a vast patient pool that undergoes surgical treatment for various diseases. Vendors are expanding in this region by strengthening their market sales for disposables that are required for the non-invasive hemodynamic method. They are targeting countries such as Australia, China, India, and Japan to introduce their products. Medical facilities in these countries are improving their infrastructure and incorporating advanced technologies in their medical treatment services. Rising disposable income of people in these countries has allowed them to gain access to quality treatment. Moreover, countries such as China, India, and Thailand offer hemodynamic monitoring systems at a lower cost compared to developed countries such as the US and the UK. These countries are fast becoming hotspots for medical tourism. These factors have led to a rise in the demand for and use of hemodynamic monitoring devices. Some of the top vendors in the global hemodynamic monitoring devices market highlighted in the report are:
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