Hemodynamic Monitoring Systems Market

Global Hemodynamic Monitoring Systems Market Size (2024 to 2029)

The global hemodynamic monitoring systems market is estimated to be USD 1468 Million by 2029 from USD 1162 million in 2024, growing at a CAGR of 4.77% during the forecast period.

MARKET DRIVERS

The alarming rise in the prevalence of cardiovascular diseases majorly drives the growth of the hemodynamic monitoring systems market.

For instance, according to the World Health Organization (WHO), in 2012, more than 17.5 million people died due to cardiovascular diseases. In addition, health conditions induced by sedentary lifestyles, the growing need for critical congenital heart disease (CCHD) screening, and the rising incidence of COPD and other respiratory disorders are further propelling the growth of the hemodynamic monitoring systems market. According to the Centers for Disease Prevention and Control (CDC), an estimated 15 million Americans are suffering from COPD, and each year, 150,000 Americans die from COPD, that is one death every 4 minutes. Furthermore, the incidence of COPD among people is growing significantly worldwide, mainly due to high tobacco intake.

The growing aging population further contributes to the growth of the hemodynamic monitoring systems market.

The population is aging rapidly worldwide. As per the estimates by the World Health Organization (WHO), the population with age 60 years and above worldwide is anticipated to reach 2.1 billion by 2050. People who are aged are more susceptible to cardiovascular diseases and require close monitoring of hemodynamic parameters. Likewise, the growing global aging population is anticipated to accelerate the demand for hemodynamic monitoring systems and drive market growth.

The rapid adoption of sedentary lifestyles and an increasing number of surgeries yearly further boost the growth rate of the hemodynamic monitoring systems market.

The growing need for critical congenital heart disease (CCHD) screening is a significant opportunity for market growth. The favorable reimbursement policies and the unhealthy diet in urban areas causing health troubles among people fuel the market's growth rate. The rise in the investments in R&D by both government and private companies for effective treatment drives the global hemodynamic monitoring systems market growth. The expansion of healthcare infrastructure, particularly in emerging economies, the growing focus on personalized medicine and tailored treatment approaches, and the presence of favorable reimbursement policies and healthcare reforms that support the adoption of advanced monitoring technologies support the market growth. Growing awareness among healthcare professionals about the benefits of hemodynamic monitoring systems, an increasing number of educational initiatives and training programs and an increasing number of strategic collaborations and partnerships between key market players and healthcare providers, research institutions, and technology companies promote market growth.

MARKET RESTRAINTS

The high costs associated with monitoring machines and the high price of treatments are the major restraints for market growth. In addition, the risk of thrombosis, air embolism, hemorrhage, sepsis, and bleeding associated with the invasive hemodynamic monitoring system is hampering the market growth. Furthermore, the lack of awareness among people about disease diagnosis in emerging and underdeveloped countries is a significant challenge for market growth. Moreover, the lack of professional workers is preventing the hemodynamic monitoring systems market growth. 

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Hemodynamic Monitoring Systems Market Analysis By Product

The disposables segment is estimated to account for the largest share during the forecast period owing to the growing usage of disposable components in hemodynamic monitoring procedures for infection control and convenience. The rising awareness about the risks of cross-contamination and the need for single-use, sterile disposables to prevent healthcare-associated infections, rapid adoption of disposable pressure transducers, catheters, and sensors for accurate and hygienic hemodynamic measurements. The cost-effectiveness of disposables compared to reusable components and the growing demand for disposable kits and accessories that offer convenience and ease of use during hemodynamic monitoring procedures further boost the growth rate of disposables in the global market.

The systems segment is anticipated to register a healthy CAGR during the forecast period. Factors such as the growing prevalence of cardiovascular diseases, the increasing need for accurate hemodynamic monitoring in critical care settings, and technological advancements in hemodynamic monitoring systems, such as the integration of advanced sensors, wireless connectivity, and data analytics capabilities primarily drive the growth of the systems segment. The rising demand for non-invasive and minimally invasive hemodynamic monitoring solutions that provide real-time and continuous monitoring of vital parameters like blood pressure, cardiac output, and oxygen saturation, rapid adoption of hemodynamic monitoring systems in hospitals, ambulatory care settings, and home healthcare for effective patient management and improved clinical outcomes and rising emphasis on early detection and prompt intervention in hemodynamic instability to optimize patient care and reduce healthcare costs further propel the growth of the systems segment in the global market.

Global Hemodynamic Monitoring Systems Market Analysis By Monitoring Type

The invasive monitoring systems segment is estimated to account for the largest share of the global market during the forecast period. The invasive monitoring provides highly precise information about central venous pressure, pulmonary artery pressure, and cardiac output, which is one of the key factors driving segmental growth. These are commonly used in critical care settings like ICUs and operating rooms for continuous monitoring and treatment optimization. The growing demand due to the prevalence of complex cardiovascular diseases and critical illnesses and technological advancements in invasive monitoring systems further fuel the growth rate of the invasive segment.

The non-invasive segment is anticipated to account for a notable share of the global market during the forecast period owing to the growing usage of non-invasive monitoring in outpatient clinics, emergency departments, and general wards, rising emphasis on patient comfort, reduced infection risks, and convenience and increasing number of advancements in wearable devices, remote monitoring capabilities, and software algorithms drive the growth of non-invasive monitoring segment in the global market.

On the other hand, the minimally invasive market is gradually growing due to its ability to help in tracking stroke volume continuously.

Global Hemodynamic Monitoring Systems Market Analysis By End-User

The hospital segment led the market in 2023 and is estimated to account for the largest share of the global market during the forecast period owing to the increasing prevalence of cardiovascular diseases and increasing need for accurate hemodynamic assessment in hospital settings. The growing number of hospital admissions due to cardiovascular diseases, surgeries, and critical illnesses and technological advancements in hemodynamic monitoring systems, such as the integration of wireless connectivity, data analytics, and remote monitoring capabilities, enhance their adoption in hospital settings and propel the growth of the hospital segment in the worldwide market.

The cath labs segment is anticipated to account for a notable share of the global market during the forecast period owing to the rising number of cardiac interventions, the expansion of cath lab facilities in hospitals and the growing adoption of minimally invasive cardiac procedures.

REGIONAL ANALYSIS

North America was the biggest region globally in 2023, and the domination of the North American region in the worldwide market is anticipated to continue throughout the forecast period. The growing aging population suffering from chronic diseases in North America and the rising adoption of hemodynamic monitoring systems in ICUs and casualty rooms majorly drive the North American market growth. The presence of advanced healthcare infrastructure, high healthcare expenditure, the availability of a well-established research and development sector, technological advancements in hemodynamic monitoring systems, stringent regulatory guidelines and reimbursement policies drive the adoption of advanced hemodynamic monitoring systems in the North American region and contribute to the growth of the North American market growth. The U.S. and Canada are the major market contributors in North America and are anticipated to account for the major share of the North American market during the forecast period owing to the technological advancements in hemodynamic monitoring systems and the growing patient population suffering from chronic diseases and increasing efforts from the key market participants.

Europe was the second-largest regional market for hemodynamic monitoring systems and is expected to grow at a healthy CAGR during the forecast period. The presence of a developed healthcare system, high awareness about patient monitoring, the growing patient population of cardiovascular diseases, increasing aging population and technological advancements in monitoring devices, such as non-invasive and minimally invasive options drive the European market growth. The growing number of initiatives supporting the adoption of advanced monitoring systems by the governments of European countries and favorable reimbursement policies contribute to market expansion in Europe. The UK market is anticipated to lead the European market during the forecast period. Germany accounted for the second-largest share of the European market in 2022.

Asia-Pacific is projected to grow at the highest CAGR during the forecast period. Factors such as the growing healthcare expenditure, improving healthcare infrastructure in the APAC region, rising prevalence of chronic diseases, growing geriatric population, and increasing healthcare awareness drive the demand for hemodynamic monitoring systems in Asia Pacific and fuel the regional market growth. The rising focus on healthcare modernization and advancements in medical technology, large patient pool, improving healthcare access in emerging economies, and increasing investments in healthcare infrastructure further boost the growth rate of the APAC market.

Latin America had a considerable share of the worldwide market in 2023 and is expected to grow at a healthy CAGR during the forecast period. The growing burden of cardiovascular diseases, the rising demand for advanced monitoring technologies and improving healthcare facilities and infrastructure in countries like Brazil and Mexico drive the market growth in Latin America.

The market in Middle East and Africa is expected to witness a steady CAGR during the forecast period owing to the increasing healthcare investments, growing prevalence of cardiovascular diseases, diabetes, and hypertension in the MEA region, government initiatives to enhance healthcare services, rising awareness about advanced medical technologies, and increasing collaborations with international healthcare providers.

KEY PLAYERS IN THE GLOBAL HEMODYNAMIC MONITORING SYSTEMS MARKET

Companies leading the global hemodynamic monitoring systems market profiled in the report are Edwards Lifesciences Corporation, PULSION Medical Systems SE, LiDCO Group plc., Cheetah Medical Inc., Deltex Medical Group plc., Hemo Sapiens, Inc., ICU Medical, Inc., Osypka Medical GmbH, Schwarzer Cardiotek GmbH, and Tensys Medical, Inc.

RECENT HAPPENINGS IN THE MARKET

• Philips, a renowned healthcare technology company, has announced integrating its Interventional Hemodynamic System with its IntelliVue X3 Portable Patient Monitor. The portable monitor will be able to track vital signs throughout a patient's travel due to this. The connection also makes it easier to keep track of data for specific patients.
• Masimo has acquired LiDCO Group, a leading provider of hemodynamic monitoring systems. This deal was finalized in February 2021. Masimo's goal with this purchase is to broaden its hemodynamic range while increasing sales and profitability.
• In October 2020, Getinge created the revolutionary hemodynamic monitoring device NICCI, which offers continuous and non-invasive hemodynamic information. In patients with low blood pressure, the device helps to reduce the risk of severe consequences. Continuous, non-invasive blood pressure monitoring can minimize the risk of hypotension, and the product has already been awarded the Red Dot Award 2020 for its design.
• Acumen Hypotension Prediction Index (HPI) software was introduced in the United States by Edwards Lifesciences in March 2018.
• LiDCO Group and Spacelabs Healthcare SAS signed an agreement in February 2018 to market LiDCO products in France.
• Deltex's Oesophageal Doppler Monitoring (ODM) device was installed at The University Teaching Hospital (US) in January 2018.

DETAILED SEGMENTATION OF THE GLOBAL HEMODYNAMIC MONITORING SYSTEMS MARKET INCLUDED IN THIS REPORT

This research report on the global hemodynamic monitoring systems market has been segmented and sub-segmented based on the product, monitoring type, end-user, and region.

By Product

• Systems
• Disposables

By Monitoring Type

• Invasive
• Minimally invasive
• Non-invasive

By End User

• Hospitals
• Cath labs
• Home
• Ambulatory Care

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa