Categories: Market Research

Hemodynamic Monitoring Systems Market Forecast 2024-2033: Growth Rate, Drivers

The Hemodynamic Monitoring Systems Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Hemodynamic Monitoring Systems Global Market Report 2024, The hemodynamic monitoring systems market size has grown strongly in recent years. It will grow from $1.45 billion in 2023 to $1.57 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to rising prevalence of cardiovascular diseases, aging population and chronic conditions, surgical procedures and intensive care units (icus), clinical emphasis on patient safety, advancements in healthcare infrastructure..

The hemodynamic monitoring systems market size is expected to see strong growth in the next few years. It will grow to $2.06 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to shift towards minimally invasive procedures, integration with electronic health records (ehrs), remote patient monitoring solutions, focus on early detection and intervention, global health challenges and critical care needs.. Major trends in the forecast period include application of artificial intelligence (ai) and machine learning (ml), remote monitoring and telehealth integration, expansion of hemodynamic monitoring in critical care settings, collaborations for technological advancements, emphasis on data security and patient privacy..

The rising prevalence of cardiovascular diseases is expected to propel the growth of the hemodynamic monitoring systems market going forward. Cardiovascular disease is a group of conditions affecting the heart and blood vessels. Hemodynamic monitoring systems provide real-time data and insights into a patient’s cardiovascular status, enabling healthcare professionals to make timely and precise interventions, optimize treatment strategies, and improve patient outcomes. For instance, in May 2023, according to the Centers for Disease Control and Prevention (CDC), a US-based government agency, heart disease killed over 659,000 people in the United States, accounting for one out of every four deaths in 2021. Therefore, the rising prevalence of cardiovascular diseases will drive the growth of the hemodynamic monitoring systems market.

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The hemodynamic monitoring systems market covered in this report is segmented –

1) By Product: Monitors, Consumables

2) By Technique Type: Invasive, Non-Invasive

3) By End-User: Hospitals, Cath Labs, Other End-Users

Major companies operating in the hemodynamic monitoring systems market are focusing on innovative products, such as the Intellivue X3 with integrated interventional hemodynamic monitoring system, to drive revenues in the market. An Intellivue X3 is an integrated interventional hemodynamic system with an advanced monitor used in cardiac catheterization laboratories and interventional cardiology procedures, providing comprehensive monitoring and support during minimally invasive interventions. For instance, in May 2021, Koninklijke Philips N.V., a Netherlands-based health technology company, integrated its interventional hemodynamic system with the portable patient monitor Intellivue X3 to improve workflow and patient focus during image-guided procedures. The integration allows continuous monitoring of critical vital signs throughout the patient journey, improving clinical decision-making and providing comprehensive patient records. The intelliVue X3 patient monitor can be connected to the patient from anywhere in the hospital, staying with them throughout the interventional procedure. The system also brings the latest physiological techniques, including iFR measurements, a hyperemia-free, unique technique.

The hemodynamic monitoring systems market report table of contents includes: