Growing prevalence of cardiovascular diseases, COPD and other respiratory diseases; development of next-generation non-invasive and minimally-invasive systems; and rapid growth in the number of surgical procedures are some of the key factors driving the Global Hemodynamic Monitoring Market.
The Global Hemodynamic Monitoring Market valued at $1.04 billion (2021) is set to witness a growth rate of 6% in the next 5 years. Uncontrolled perturbations in circulatory function during surgery can lead to tissue hypoxia, resulting in perioperative morbidity and mortality. Hemodynamic monitoring provides information about the adequacy of a patient’s circulation, perfusion, and oxygenation of the tissues and organ systems delivering safe anesthetic care.
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Technological progresses in hemodynamic monitoring systems to fuels the Hemodynamic Monitoring Market demand
Continuous advances in critical patient care have enabled to develop efficient hemodynamic monitoring systems featuring non-invasive technology and expanded parameters such as continuous BP measurements, measurement of cardiac output by pulse contour method, among others. Major market players are continuously focusing on investing in research activities for new product development and expanding their geographic reach to strengthen their positions in hemodynamic monitoring market.
Some of the technological advancements are listed below:
- In July 2022, Retia Medical received Series B funding of $15 million led by Fresenius Medical Care Ventures to expand its commercial team and accelerate the development and commercialization of its Argos Hemodynamic Monitor
- In February 2022, Caretaker Medical received the US Food and Drug Administration (FDA) clearance to add four new parameters on its next-generation VitalStream wireless ‘beat-by-beat’ blood pressure and hemodynamic monitoring platform, to include stroke volume, cardiac output, left ventricular ejection time, and heart rate variability
- In March 2021, Philips introduced its interventional hemodynamic system featuring a patient monitor- IntelliVue X3 to provide advanced hemodynamic (blood flow) measurements and improve patient focus during image-guided procedures
- In October 2020, Getinge launched NICCI, an innovative advanced hemodynamic monitoring solution that provides continuous and non-invasive hemodynamic insights reducing the risk of severe complications in patients with low blood pressure
