The report highlights trends prevailing in the global non-invasive cardiac output monitoring device market and factors governing the market growth.
According to our new research study on “Non-Invasive Cardiac Output Monitoring Device Market Forecast to 2027 – COVID-19 Impact and Analysis – by Device, Indication, and End User,” the market is expected to reach US$ 3,30,902.81 thousand by 2027 from US$ 2,26,049.76 thousand in 2019; it is estimated to grow at a CAGR of 5.0% from 2020 to 2027. The report highlights trends prevailing in the global non-invasive cardiac output monitoring device market and factors governing the market growth.
The measurement of cardiac output (CO) is essential in medical practice. In the past, invasive monitoring with a pulmonary artery catheter (PAC) was the gold standard used to measure CO, but in recent years, many minimally invasive or noninvasive devices have been developed to measure CO. Cardiac output gives information about tissue perfusion and oxygen delivery and can identify patients at high risk of mortality or morbidity. The non-invasive cardiac output monitoring device market growth is mainly attributed to factors such as increase in prevalence of cardiovascular diseases and rise in geriatric population. However, the high cost of products and procedures is restricting the market growth.
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Non-Invasive Cardiac Output Monitoring Device Market: Competitive Landscape
Baxter, Bio-Beat, General Electric Company., Koninklijke Philips N.V., Abbott, Deltex Medical Limited, NIMedical, LiDCO Ltd., Conmed Corporation, and Imacor are among the leading companies operating in the non-invasive cardiac output monitoring device market.
The non-invasive cardiac output monitoring device market growth is mainly attributed to increase in prevalence of cardiovascular diseases and rise in geriatric population. However, the high cost of products and procedures is hindering the market growth.
Increase in Prevalence of Cardiovascular Diseases
Different types of cardiac output monitoring devices are available for patients undergoing heart surgery.
As per the WHO, cardiovascular diseases (CVDs) are a leading cause of death worldwide, and globally ~17.9 million people die due to cardiovascular diseases (CVDs) every year. Furthermore, as per the Government of Canada, CVDs ranks second among the most common medical causes of death in the country. According to the estimates of the Centers for Disease Control and Prevention (CDC), one person dies every 36 seconds due to CVD in the US. Similarly, according to the European Heart Network, CVDs have been a cause of ~3.9 million deaths in Europe and more than 1.8 million deaths in the European Union (EU). Further, in China, CVDs led to 45.50% and 43.16% of total death in rural areas and urban areas, respectively, in 2016.
Non-Invasive Cardiac Output Monitoring Device Market Segmentation Review
Based on indication, the non-invasive cardiac output monitoring device market is segmented into hypertension, coronary diseases, congenital problems, myocardial ischemia and infarction, heart failure, arrhythmias, and others. The hypertension segment held the largest share of the market in 2019; however, it is anticipated to register the highest CAGR during the forecast period. The rising prevalence of cardiovascular diseases is the prime factor contributing to the growth of the heart failure segment. Sedentary lifestyles, unhealthy diet, and mental stress are the main factors associated with the development of CVDs. As per the Centers for Disease Control and Prevention, heart failure was the cause of death recorded on 379,800 death certificates in the US in 2018.
Based on end user, the non-invasive cardiac output monitoring device market is segmented into emergency services centers, homecare, and others. The hospitals segment held the largest share of the market in 2019. However, the emergency services centers segment is anticipated to register the highest CAGR during the forecast period.
Non-Invasive Cardiac Output Monitoring Device Market – by Device
- Probes and Catheters
- Patches
- Wristwatches
Non-Invasive Cardiac Output Monitoring Device Market – by Indication
- Hypertension
- Heart Failure
- Coronary Diseases
- Myocardial Ischemia and Infarction
- Arrhythmias
- Congenital Problems
- Others
Non-Invasive Cardiac Output Monitoring Device Market – by End User
- Hospitals
- Emergency Services Centers
- Homecare
- Others
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