Asia-Pacific Hemodynamic Monitoring Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The key factors propelling the Asia-Pacific hemodynamic monitoring market are the increase in the critically ill geriatric population and the rising burden of cardiac disorders and diabetes. According to the economic and social commissions for Asia and Pacific, the percentage of people aged 65 years or older is projected to increase to nearly 23.3% of the population by 2050, in the Asia-Pacific region.
Key HighlightsInvasive monitoring systems dominate the Asia-Pacific hemodynamic monitoring market, as they provide critical care, allow detailed determinations of cardiorespiratory variables, and are used for the effective preoperative assessment of high-risk patients.
The non-invasive hemodynamic monitoring systems segment is expected to register a good CAGR over the forecast period. In the coming years, the non-invasive hemodynamic monitoring system market is expected to witness the highest growth, with China, Japan, and India positioned as growth engines. According to the American Diabetic Association, around 60% of the world’s diabetic population lives in Asia. According to the journal of diabetology.org, the number of people with diabetes in Southeast Asia in 2017 was 80 million, and it is expected to increase to 151 million by 2045. There is high growth in the aging population and a high prevalence of diabetes and cardiac diseases, which have helped drive the non-invasive hemodynamic monitoring system market.
Competitive LandscapeThe Asia-Pacific hemodynamic monitoring market is moderately competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by introducing new products with fewer prices.
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