The global non-invasive pulse wave tonometer market size is expected to be valued at USD 104.3 Million in 2022. The overall demand for non-invasive pulse wave tonometers is projected to grow at a CAGR of 5.8% between 2022 and 2032, totaling around USD 194 Million by 2032.
Blood flow in the body should be proper to maintain health and also reduce the risk of heart and other problems associated with blood flow. As the blood flow starts its journey from the heart and flows through various veins and arteries. Blood is a very good carrier that can carry nutrients and drugs to different parts of the body.
Data Points | Key Statistics |
---|---|
Non-invasive Pulse Wave Tonometer Market Value 2022 | USD 104.3 Million |
Non-invasive Pulse Wave Tonometer Market Projected Value (2032) | USD 194 Million |
Non-invasive Pulse Wave Tonometer Market CAGR (2022 to 2032) | 5.8% |
The non-invasive pulse wave tonometer is a very good device that can help to understand the flow pattern and provide the information so that the proper treatment can be provided.
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From 2016 to 2021, sales witnessed significant growth, registering a CAGR of 4.7%. The proper monitoring of blood flow helps to manage the flow of blood and also help the doctors and another healthcare professional to monitor the patients for various disorders such as COPD (Chronic Obstructive Pulmonary Disease), hypertension, and other problem, non-invasive pulse wave tonometer is used mainly consider for the heart-related problem. Nowadays most treatment centers are using these devices.
Non-invasive pulse wave tonometer is mostly used for monitoring blood flow and understanding the various diseases, to provide treatment. Various innovations are going on for developing the product to provide real-time monitoring of flow and provide treatment. The increasing number of patients and technological enhancement is the major potential for the non-invasive pulse wave tonometer market. The overall demand for non-invasive pulse wave tonometers is projected to grow at a CAGR of 5.8% between 2022 and 2032, totaling around USD 194 Million by 2032.
Increased Product Innovation Likely to Augment Non-invasive Pulse Wave Tonometer Sales
Non-invasive pulse wave tonometer is a growing market over the forecast period, as the number of patients is increasing related to heart, hypertension, and others. According to the British Lung Foundation, approx. 1.2 million people are suffering from COPD. The number of patients who are suffering from heart-related problems is also increasing in every region of the world.
The players are also coming up with new product innovations to make the product portable and provide in-depth monitoring of blood flow. The major strength of the system is that it can monitor the flow of blood non-invasive, while in the traditional case, the catheter was inserted to monitor the flow.
High Rates of Investment to Impede the Growth
Although Non-invasive Pulse Wave Tonometer offers good ROI in the long run, the high initial investment is a deterrent for many organizations.
The high cost along with awareness and viability of the product the hinderers of the non-invasive pulse wave tonometer market.
Rising Market Competition to Boost the Market Growth in North America
The North American non-invasive pulse wave tonometer market is expected to accumulate a market share of 33.7% in 2022. North America is dominating and contributing the leading shares to the non-invasive pulse wave tonometer market in terms of revenue and is expected to register significant growth over a forecast period due to the increasing market competition.
The rising prevalence of glaucoma in the region is also adding to the market growth. According to the American Academy of Ophthalmology (AAO), glaucoma affects over 2.7 million of the population aged 40 and older in the USA
Rising Prevalence of Glaucoma Risk Factors to Boost Market Growth in Europe
The European region is anticipated to hold a market share of 30.8%. According to the WHO, there are over 60 million people living with diabetes in the European region. This is mainly due to rising behavioral risk factors such as smoking, alcohol consumption, unhealthy food habits, and a sedentary lifestyle.
Europe is expected to contribute to moderate revenue market share and register a healthy growth rate in the global Non-invasive Pulse Wave Tonometer market due to the rising prevalence of glaucoma risk factors such as diabetes, myopia, and hypertension in the region.
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Some key start-ups in the Non-invasive Pulse Wave Tonometer market include:
Prominent players in the Non-invasive Pulse Wave Tonometer market are ADInstruments, Millar, DiaTecne s.r.l. and AtCor Medical Pty Ltd., and various other regional players.
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 5.8% from 2022 to 2032 |
Market Value in 2022 | USD 104.3 Million |
Market Value in 2032 | USD 194 Million |
Base Year for Estimation | 2021 |
Historical Data | 2016 to 2021 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered | End-User, Indication, Region |
Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; Middle East and Africa (MEA) |
Key Countries Profiled | The USA, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, India, Malaysia, Singapore, Thailand, China, Japan, South Korea, Australia, New Zealand, GCC, South Africa, Israel |
Key Companies Profiled | ADInstruments; Millar; DiaTecne s.r.l; AtCor Medical Pty. Ltd.; Haag Streit AG; Ametek Industries Technology; Ray Vision International Corporation; Crystalvue Medical; Shanghai Vowish Optical Co. Ltd. |
Customization | Available upon Request |
As of 2022, the Non-invasive Pulse Wave Tonometer market is slated to reach a valuation of USD 104.3 Million
From 2022 to 2032, sales of Non-invasive Pulse Wave Tonometer is expected to grow at a 5.8% CAGR
By 2032, Future Market Insights expects the Non-invasive Pulse Wave Tonometer market to reach USD 194 Million.
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