According to our latest study on “Laser Doppler Blood Flow Measurement Devices Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type,” the market was valued at US$ 50,084.84 thousand in 2020 and is projected to reach US$ 74,526.57 thousand by 2028; it is expected to grow at a CAGR of 5.2% from 2021 to 2028. The report highlights the key factors driving the market growth and prominent players with their developments in the market.
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Increasing Number of Cardiac Surgeries
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 growth of the laser doppler blood flow measurement devices market is primarily attributed to the key factors such as increasing number of cardiac surgeries and technological advancements in blood flow measurement devices. However, the high cost of the blood flow measurement devices hinders the market growth. 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; and OMEGAWAVE, INC. are among the leading companies operating in the market.
The report segments global laser doppler blood flow measurement devices market as Follows:
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