Hemodynamic monitoring System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Noninvasive Hemodynamic Monitoring Systems, Minimally Invasive Hemodynamic Monitoring Systems, and Invasive Hemodynamic Monitoring Systems), Product (Moni

Noninvasive Hemodynamic Monitoring Systems Segment to Account for Major Share in Hemodynamics Monitoring Systems Market During 2022-2028

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According to our latest market research study on "Hemodynamics Monitoring System Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type, Product, and End User," the market is expected to reach US$ 2,173.15 million by 2028 from US$ 1,419.94 million in 2021; it is estimated to grow at a CAGR of 6.4% from 2022 to 2028. The report highlights the trends prevailing in the market, along with market drivers and deterrents. Increasing geriatric population worldwide and rising demand for minimally invasive procedures are among the key forces driving the market. However, the use of invasive hemodynamic monitoring system monitoring systems might lead to infections at surgical sites. Also, difficulties faced during the insertion of a catheter in critically ill patients pose a challenge to the users. As the catheter is directly inserted in the pulmonary artery, the risk of injuries increases. Despite invasive hemodynamic monitoring system monitoring systems being widely used, a clear survival benefit has not yet proven, eventually hampering the market growth. Thus, risks associated with invasive hemodynamic monitoring systems hinder the market growth.

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The prevalence of cardiovascular diseases is higher among geriatric people. Similar to Asian countries such as Japan, China, and India, the US is experiencing a significant shift in life expectancy. In 2019, the country recorded a significant demographic shift due to a huge baby boom. According to the Population Reference Bureau, the baby boomers belonged to the age group of 55-73. Thus, the baby boomers have brought various challenges and opportunities to the economy, especially in terms of infrastructure, institutions, and healthcare facilities. Similarly, as per the report published by the Population Reference Bureau in 2019, the geriatric population of the US will double by 2060. The number is expected to grow to 95 million by 2060 from 52 million, and the percentage of the geriatric population is anticipated to reach 23% of the total population from 16%. Additionally, as per the Eurostat, in 2021, over one-fifth (20.8%) of the European Union population was aged 65 or more. As per the report ""The UK's ageing population"" by the House of Commons (UK Parliament), the UK's population is witnessing a massive age shift. More than 12.3 million people are aged 65 years, and by 2043, ~24% (17.4 million people) of the population is expected to be 65 or more.

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The rise in the geriatric population is expected to lead to various chronic health conditions such as high blood pressure, obesity, and diabetes, which are the primary causes of cardiovascular diseases. Monitoring services for the geriatric population are widely provided in home care settings. Therefore, the demand for hemodynamic monitoring systems in these settings is expected to grow, which would further foster the growth of the market during the forecast period.

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Based on type, the global hemodynamics monitoring system market is segmented into noninvasive hemodynamic monitoring system monitoring system, minimally invasive hemodynamic monitoring system monitoring system, and invasive hemodynamic monitoring system monitoring system. In 2021, the invasive hemodynamic monitoring system segment held the largest share of the market. However, the market for the noninvasive hemodynamic monitoring system segment is expected to grow at the highest CAGR during 2022-2028. A noninvasive hemodynamic monitoring system hemodynamic monitoring system monitoring system includes an air-filled band that can analyze blood pressure manually or automatically. The benefit of this system is that it is fast and does not require a stethoscope. Thus, hemodynamics monitoring systems market is expected to grow globally during the forecast period.

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The COVID-19 pandemic had a mixed impact on the hemodynamics monitoring system market. A hemodynamic monitoring system is an important device used in intensive care units to monitor blood flow, blood pressure, vascular resistance, fluid, and oxygen level of critically ill patients. The pandemic positively supported market growth due to continuous measurement of the hemodynamic parameters among COVID-19 patients. Further, patients who required hospitalization for COVID-19 were prone to conditions such as sepsis, acute lung injury, and acute respiratory syndrome. Hemodynamic instability is the major contributor to mortality in COVID-19 patients, and thus, hemodynamic monitoring systems are required for the continuous monitoring of hemodynamic parameters.

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A few prominent players operating in the Hemodynamics monitoring system market are Koninklijke Philips NV, Osypka Medical GmbH, General Electric Co, Edwards Lifesciences Corporation, Schwarzer Cardiotek, Getinge Group, Deltex Medical, ICU Medical INC., Masimo, and Baxter International Inc., among others.

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Companies are launching new and innovative products and services to sustain their position in the Hemodynamics monitoring system market. In May 2021, Philips introduced an integrated Interventional Hemodynamic System with Patient Monitor IntelliVue X3 to improve workflow and patient focus during image-guided procedures.

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Hemodynamics monitoring system - Market Segmentation

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Based on Type, the market is segmented into noninvasive hemodynamic monitoring system, minimally invasive hemodynamic monitoring system, and invasive hemodynamic monitoring system. The noninvasive hemodynamic monitoring system is further bifurcated into NICaS and others. Based on Product, the market is classified into monitors and disposables. Based on End User, the market is segmented into hospitals, cath labs, home care, and ambulatory surgical centers. Based on Geography, the market is divided into North America (US, Canada, Mexico), Europe (France, Germany, UK, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), Middle East & Africa (Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa), South and Central America (Brazil, Argentina, and Rest of South and Central America

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