Approximately 200 million people aged 40 years and older have PAD. The increasing PAD population has propelled the growth of the skin perfusion pressure testing market.
DUBAI, UAE / ACCESSWIRE / February 25, 2021 / Future Market Insights: FMI states in its recent study on the skin-perfusion-pressure-testing-devices-market that the market will record a CAGR of 4.5% through 2030. Demand for Skin Perfusion Pressure Testing Devices is anticipated to continue surging due to the increasing incidence of chronic limb ischemia.
"the manufactures are focusing on getting the stamp of approvals for their product and also entering into partnership and collaboration agreement to expand their product portfolio in different countries globally.." says the FMI analyst.
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Skin Perfusion Pressure Testing Devices Market - Important Highlights
- In contrast to other products such as photoplethysmography, laser doppler constitutes the dominant category due to ease of operability and non-invasiveness.
- During the forecast era, the portable devices segment will continue to expand and dominate the industry.
- According to end-users, the hospitals are expected to be the leading segment of the market during the forecast years Due to their sophisticated medical services and the higher influx of patients for diagnosis and care
- The U.S. currently dominates the worldwide market for instruments for skin perfusion pressure monitoring.
Skin Perfusion Pressure Testing Devices Market - Drivers
- Skin perfusion pressure in patients with chronic limb ischemia has been a potential method for wound healing which is driving the growth of the market.
- The high precision, ease of operation, and non-invasiveness of the instruments are likely to fuel physicians' use of laser dopplers, increasing the market for skin perfusion monitoring devices.
- The rising prevalence of peripheral artery disease is boosting the growth of the market
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Skin Perfusion Pressure Testing Devices Market - Restraints
- Reliability and reproducible measurements are highly dependent on a trained technician or operator who interprets the effects of the calculation of skin perfusion pressure. Therefore, the shortage of trained practitioners is causing serious problems for the industry.
- product recalls about issues on the safety of the item are creating deterrents
COVID-19 Impact on Skin Perfusion Pressure Testing Devices Market
During this time there has been a disruption in the supply and demand chain which has caused an impact on the revenue of the Skin Perfusion Pressure Testing Devices in a negative way. However, this is estimated to be a temporary effect and the market is expected to have a turnaround. The pandemic has led to a decrease in the patient's flow in the hospitals, and doctor chambers. This has caused a reduction in the number of cardio surgeries and that in turn has affected the Skin Perfusion Pressure testing market.
Competitive Landscape
The industry is consolidated with a wide number of key players competing in the global market. Most medical device firms are now focused on the production of laser doppler, as wound healing measurement has gained a great deal of attention.
Moor Instruments, for example, has the moorVMS-VASC 2.0 laser doppler device architecture. Some of the leading companies operating in the market are: Vasamed Incorporated, Moor Instruments, Perimed AB, GmbH, ATYS Medical, Viasonix, Promed Group
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Table Of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
2.3. Inclusions and Exclusions
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption & Awareness Analysis
4.2. Product Features Vs. Modality Matrix
4.3. Key Strategies by Service Providers
4.4. Reimbursement Scenario
5. Market Background
5.1. Macro-Economic Factors
5.1.1. Global GDP Growth Outlook
5.1.2. Global Healthcare Outlook
5.2. Forecast Factors - Relevance & Impact
5.2.1. Shift towards non-invasive procedures
5.2.2. Increasing use of laser doppler
5.2.3. Growing incidences of chronic limb ischemia (CLI)
5.2.4. Rising demand for skin perfusion pressure (SPP)
5.3. Market Dynamics
5.3.1. Drivers
5.3.2. Restraints
5.3.3. Opportunities
6. COVID19 Crisis Impact Analysis
6.1. Current COVID-19 Statistics and Probable Future Impact
6.2. Current GDP Projection and Probable Impact
6.3. Current Economic Projection as compared to 2008 financial analysis
6.4. COVID19 and Impact Analysis
6.4.1. Revenue By Product Type
6.4.2. Revenue By Country
6.5. 2020 Market Scenario
6.6. Quarter by Quarter Forecast
6.7. Projected recovery Quarter
6.8. Recovery Scenario - Short term, Midterm and Long Term Impact
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About the Study
The study offers readers a comprehensive assessment of the Skin Perfusion Pressure Testing Devices market. Global, regional, and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights based on product type (Laser Doppler Skin Perfusion Pressure Testing Devices, Photoplethysmography Skin Perfusion Pressure Testing Devices, Consumables), end-use (hospitals and ambulatory surgical centers, Vascular Laboratories), and across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).
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About Future Market Insights
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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SOURCE: Future Market Insights