As per Persistence Market Research’s latest revised industry analysis, the global hemodynamic monitoring systems market was valued at over US$ 1.5 Bn in 2020, and is expected to exhibit a CAGR of around 5.3% over the forecast period (2021–2031).
Cardiovascular diseases such as congestive heart failure are usually long-term and cost-incurring conditions. Incidence of cardiac disorders accounts for over 32 percent of all deaths worldwide, as per WHO. Lifestyle-related diseases and ageing population function as two primary drivers for cardiovascular diseases globally.
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With repeated assessment of circulatory function over time, perturbations with regards to physiological stress such as tissue hypoxia associated with surgery can be easily monitored and prevent cases of morbidity or mortality. This factor justifiably drives demand for hemodynamic monitoring systems, and is followed by repeated and advanced technological modifications to pre-existing monitoring systems.