The major factors driving the growth of the market are increasing number of cardiac surgeries and technological advancements in blood flow measurement devices. However, the high cost of the blood flow measurement devices restrains the market growth. Laser doppler blood flow measurement devices use the doppler effect to monitor speed of blood cells flowing through microvascular structures. The incident light of red wavelength projected upon the blood vessels absorb and reflect the light with a shifted frequency, depending on the flow velocity. To measure the blood flow, optical fibers and laser probes are used.
The adoption of perfusion technologies and blood flow measuring devices in Asia Pacific is already lower than Europe and North America. Amid pandemic, extensive focus on the COVID-19 management caused diversion from regular surgical procedures. In addition, the extensive utilization of available instruments is hindering the growth of the laser doppler blood flow measurement devices market
Heart surgery is varied across patients depending on their symptoms and underlying causes. Cardiac surgery performed has evolved to be specific to different heart concerns over the last few decades. The extensively growing number of cardiac surgical procedures offers lucrative opportunities for the growth of the laser doppler blood flow measurement devices market. For instance, according to a data published by a healthcare provider in the US in 2018, an estimated 500,000 open-heart surgeries are performed each year in the US. Similarly, as per the data of Texas Heart Institute in 2020, more than 3,400 people go through heart transplants every year, despite having a shortage of organs donors in the country.
Cardiac surgery is a fast-growing market, related to many correlated types of increasing procedures. Innovative products and technological advancements spur on the growth of the market by increasing the size of the treatable population. Furthermore, there is a growing need for cardiac surgeries as the average age of the US population continues to grow.
Companies operating in the laser doppler blood flow measurement devices market adopt the product innovations strategy to meet the evolving customer demands across the world, which also permits them to maintain their brand name in the global market.
The regional trends and factors influencing the Laser Doppler Blood Flow Measurement Devices Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Laser Doppler Blood Flow Measurement Devices Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 50.08 Million |
| Market Size by 2028 | US$ 74.53 Million |
| Global CAGR (2020 - 2028) | 5.2% |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Laser Doppler Blood Flow Measurement Devices Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Laser Doppler Blood Flow Measurement Devices Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The List of Companies - Laser Doppler Blood Flow Measurement Devices Market
Blood flow measurement devices plays an important role in the diagnostic and research segment. Blood flow meters enables physicians to continuously monitor flow of blood during surgical procedures as well as to understand health conditions. By analyzing the flow of blood in blood vessels, these devices can help in early diagnosis that help in accelerating the treatment process. These devices incorporate electromagnetic, ultrasonic, and laser technologies.
The Laser Doppler Blood Flow Measurement Devices market majorly consists of the players such as ADInstruments Ltd, Oxford Optronix Ltd., Moor Instruments Limited, Transonic Systems Inc., BIOPAC Systems, Inc, Perimed AB, Cook Medical LLC, ADVANCE CO., LTD., JMS CO., LTD, OMEGAWAVE, INC. amongst others.
The factors that are driving growth of the market are increasing number of cardiac surgeries, and technological advancements of laser doppler blood flow measurement devices.