The Blood Flow Measurement devices market is projected to reach USD 533.0 Million by 2021 from USD 343.6 Million in 2016, growing at a CAGR of 9.2% in the next five years (2016 to 2021).
Blood Flow Measurement Devices are used to measure the volume rate of blood flow, which helps physicians to maintain equilibrium between blood supply and demand of tissue oxygen of patients. The measurement of blood flow helps in identifying blockages in the blood vessels and testing artificial blood vessels during organ transplantation, among others. These devices are imperative for diagnosing various clinical vascular conditions such as arterial occlusion, peripheral vascular diseases including diabetes, micro- and macro-vascular complications. The devices also find applications in skin testing, cerebral blood flow measurement, and burn assessment.
The major market players in the blood flow measurement devices market include Medistim ASA (Norway), Transonic Systems, Inc. (U.S.), Cook Medical, Inc. (U.S.), Moor Instruments Ltd. (U.K.), ADInstruments (Australia), SONOTEC Ultraschallsensorik Halle GmbH (Germany), Deltex Medical Group plc (U.K.), Atys Medical (France), Compumedics Ltd. (Australia), Perimed AB (Sweden), and BIOPAC Systems, Inc. (U.S.).
Product launches, product enhancements, and product extensions accounted for 42% of the total number of strategic developments undertaken by market players during 2013 to 2017 Players adopted this strategy to develop, commercialize, and expand their product & services portfolio, so as to strengthen their customer base and provide better access to their clients. The key players that adopted this strategy are Medistim ASA (Norway), SONOTEC Ultraschallsensorik Halle GmbH (Germany), Cook Medical, Inc. (U.S.), and ADInstruments (Australia).