PUBLISHER: The Insight Partners | PRODUCT CODE: 1567798
PUBLISHER: The Insight Partners | PRODUCT CODE: 1567798
The North America medical ultrasound flow meter market was valued at US$ 74.40 million in 2022 and is projected to reach US$ 152.77 million by 2030; it is estimated to record a CAGR of 9.4% from 2022 to 2030.
Rising Number of Cardiovascular and Respiratory Diseases Fuels North America Medical Ultrasound Flow Market
Millions of deaths are recorded due to cardiovascular diseases (CVDs) annually across the world. According to the 2022 Heart Disease & Stroke Statistical Update Fact Sheet, Global Burden of Disease, 119.1 million patients succumbed to death globally due to CVD in 2020. It also stated that the global prevalence of stroke and ischemic stroke in 2020 was 89.1 million and 68.2 million, respectively. As per the National Center for Chronic Disease Prevention and Health Promotion, Division for Heart Disease and Stroke Prevention, ~697,000 people were reported to have had heart disease in the US in 2022. According to the American Heart Association, over 130 million people in the US (45.1% of the total population) are likely to be affected by some form of cardiovascular disease by 2035. Further, according to the National Library of Medicine, about 400,000 coronary artery bypass grafting (CABG) surgeries were performed in 2022.
Chronic obstructive pulmonary disease (COPD) obstructs the airflow from the lungs, which can lead to respiratory failure. It is one of the life-threatening illnesses that cause millions of deaths across the world. According to the World Health Organization (WHO), COPD was the third leading cause of death in 2022. In 2020, about 90% of COPD deaths occurred in low- and middle-income countries. According to the Centers for Disease Control and Prevention (CDC), in 2020, COPD was the sixth leading cause of death in the US. Thus, the increasing number of CVDs and respiratory diseases has promoted the growing use of external support devices incorporated with ultrasound flow meters. For instance, extracorporeal membrane oxygenation (ECMO)-a life support system that provides a temporary solution for pumping fluids in the patient's body through medical tubing-is incorporated with ultrasound flow meters to work in place of heart or lungs in order to ensure the accurate flow of oxygenated blood during surgical procedures.
North America Medical Ultrasound Flow Meter Market Overview
The North America medical ultrasound flow meter market is segmented into the US, Canada, and Mexico. The rising prevalence of cardiovascular diseases and respiratory diseases and growing strategic developments by market players contribute to the market development in the region. The US holds the leading medical ultrasound flow meter market share.
North America Medical Ultrasound Flow Meter Market Revenue and Forecast to 2030 (US$ Million)
North America Medical Ultrasound Flow Meter Market Segmentation
The North America medical ultrasound flow meter market is categorized into implementation, technology, application, end user, and country.
Based on implementation, the North America medical ultrasound flow meter market is segmented into clamp-on, inline, and others. The clamp-on segment held the largest market share in 2022.
In terms of technology, the North America medical ultrasound flow meter market is categorized into doppler, transit-time, and hybrid. The doppler segment held the largest market share in 2022.
By application, the North America medical ultrasound flow meter market is segmented into heart and lung machines, extracorporeal membrane oxygenation, perfusion, organs transportation system, and others. The others segment held the largest market share in 2022.
By end user, the North America medical ultrasound flow meter market is bifurcated into hospitals and clinics, ambulatory surgical centers, research laboratories, and others. The hospitals and clinics segment held the largest market share in 2022.
By country, the North America medical ultrasound flow meter market is segmented into the US, Canada, and Mexico. The US dominated the North America medical ultrasound flow meter market share in 2022.
Arjo AB, PSG Dover, Moor Instruments Ltd, Transonic Systems Inc, Compumedics Ltd, Cook Medical Holdings LLC, GF Health Products Inc, Sonotec GmbH, Strain Measurement Devices Inc, Siemens AG, Perimed AB, and Sensirion Holding AG are some of the leading companies operating in the North America medical ultrasound flow meter market.