Rising Cardiovascular Disease Prevalence Drives North America Hemodynamic Monitoring System Market Growth
Cardiovascular diseases (CVDs) cause millions of deaths every year worldwide. The major causes of CVDs are hypertension, obesity, and diabetes. As per the National Center for Chronic Disease Prevention and Health Promotion, Division for Heart Disease and Stroke Prevention, ~697,000 people in the US died due to heart disease—i.e., 1 out of every 5 deaths. According to the American Heart Association, over 130 million, or 45.1% of all Americans, are likely to acquire some form of cardiovascular disease by 2035. Hemodynamic monitors allow the measurement of cardiac functions and blood circulation in cardiac patients. The monitoring allows physicians to measure blood pressure from inside the veins, arteries, and heart. Thus, the growing prevalence of cardiovascular diseases is surging the demand for hemodynamic monitoring systems.
North America Hemodynamic Monitoring System Market Overview
The North America hemodynamic monitoring system market is segmented into the US, Canada, and Mexico. The US held the largest share of the North America hemodynamic monitoring system market in 2021. The projected growth of the hemodynamic monitoring system market in North America is attributed to the factors such as increasing health expenditure, rising prevalence of cardiovascular diseases, and a growing geriatric population.
North America Hemodynamic Monitoring System Market Segmentation
The North America hemodynamic monitoring system market is segmented on the basis of type, product, end user, and country.
Based on type, the North America hemodynamic monitoring system market is segmented into non-invasive hemodynamic monitoring systems, minimally invasive hemodynamic monitoring systems, and invasive hemodynamic monitoring systems. The invasive hemodynamic monitoring systems segment held the largest North America hemodynamic monitoring system market share in 2022.
Based on product, the North America hemodynamic monitoring system market is bifurcated into monitors and disposables. The disposables segment held a larger North America hemodynamic monitoring system market share in 2022.
Based on end user, the North America hemodynamic monitoring system market is segmented into hospitals, home care, cath labs, and ambulatory care center. The hospitals segment held the largest North America hemodynamic monitoring system market share in 2022.
Based on country, the North America hemodynamic monitoring system market is segmented into the US, Canada, and Mexico. The US dominated the North America hemodynamic monitoring system market share in 2022.
Baxter International Inc, Change Healthcare, DELTEX MEDICAL, Edwards Lifesciences Corporation, General Electric Co, Getinge Group, ICU MEDICAL INC., International Business Machines Corp, Koninklijke Philips NV, Masimo, and Siemens Healthineers AG are the leading companies operating in the North America hemodynamic monitoring system market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 623.73 Million |
| Market Size by 2028 | US$ 917.28 Million |
| CAGR (2022 - 2028) | 6.6% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Hemodynamic Monitoring System Market is valued at US$ 623.73 Million in 2022, it is projected to reach US$ 917.28 Million by 2028.
As per our report North America Hemodynamic Monitoring System Market, the market size is valued at US$ 623.73 Million in 2022, projecting it to reach US$ 917.28 Million by 2028. This translates to a CAGR of approximately 6.6% during the forecast period.
The North America Hemodynamic Monitoring System Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Hemodynamic Monitoring System Market report:
The North America Hemodynamic Monitoring System Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
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