(PharmaNewsWire.Com, August 28, 2017 ) According to the report Latin America Hemodynamic Monitoring Devices market, published by Market Data Forecast, the Market has been estimated at USD 93 Million in 2016 and is projected to reach USD 120.40 Million by 2021, at a CAGR of 5.3% during the forecast period from 2016 to 2021. Hemodynamic Monitoring Devices is crucial in the case of critically ill patients and individuals, who have recently undergone surgery. These products perform the function of assessing the blood volume and oxygen perfusion rate along with restricting the incidence of adverse effects due to the administration of excess fluids. The hemodynamic Monitoring Devices also involves a use of various intravascular catheters.
The market for Hemodynamic Monitoring Devices is mainly driven due to rising prevalence of lifestyle diseases, increasing the incidence of respiratory disorders, growing demand for the screening of critical congenital heart disease (CCHD), government and private sector initiatives to reduce healthcare costs as well as growing geriatric patient population. But, the market growth can be restrained due to less awareness among people regarding different treatment techniques and high treatment costs.
Latin America market for Hemodynamic Monitoring Devices is segmented based on Product and Monitoring type. By Product, the market is further sub-segmented into Systems and Disposables. By Monitoring type, the market is further sub-segmented into Invasive, Minimally invasive, Non-invasive. By end-users, the market is further sub-segmented into Hospitals, Cath labs, Home and Ambulatory Care. Based on products, disposables segment is estimated to account for the largest share. Based on types, the invasive Monitoring Devices segment is estimated to account for the largest share. Based on end users, hospitals segment is estimated to account for the largest share. All of these three segments are projected to grow at the highest CAGR during the forecast period.
Geographically, Latin America market for Hemodynamic Monitoring Devices is segmented into Brazil, Argentina and Mexico. The market in Latin America is escalating with high CAGR. Brazil, with its economic growth, is the most potential market.
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. are the major players of Latin America Hemodynamic Monitoring Devices market.
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