Cardiac Output Monitoring Device Market Overview
As per MRFR analysis, the Cardiac Output Monitoring Device Market Size was estimated at 2.73 (USD Billion) in 2022. The Cardiac Output Monitoring Device Market is expected to grow from 2.85 (USD Billion) in 2023 to 4.2 (USD Billion) by 2032. The Cardiac Output Monitoring Device Market CAGR (growth rate) is expected to be around 4.4% during the forecast period (2024 - 2032).
Key Cardiac Output Monitoring Device Market Trends Highlighted
The growing acceptance of less invasive procedures and the increasing frequency of cardiovascular disorders are fueling a demand boom in the global market for cardiac output monitoring devices.
The development of continuous and non-invasive monitoring devices is one example of how technological improvements are driving market expansion.
Government initiatives, attractive reimbursement policies, and rising patient awareness are important industry drivers.
Opportunities exist in venturing into uncharted sectors and investigating cutting-edge technologies like wearable and implantable gadgets.
The application of artificial intelligence in data analysis, the transition to home-based monitoring, and the integration of cardiac output monitoring devices with electronic health records are some current trends.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Cardiac Output Monitoring Device Market Drivers
Increasing Prevalence of Cardiovascular Diseases
Cardiovascular diseases (CVDs) are the leading cause of death globally, accounting for an estimated 17.9 million deaths in 2019. The prevalence of CVDs is increasing due to a number of factors, including aging populations, unhealthy lifestyles, and rising obesity rates.
This is leading to a growing demand for cardiac output monitoring devices, which are used to measure the amount of blood that is pumped out of the heart per minute.
Cardiac output monitoring is essential for the diagnosis and management of CVDs, and the increasing prevalence of these diseases is expected to drive the growth of the cardiac output monitoring device market in the coming years.
According to the World Health Organization (WHO), CVDs are responsible for more than one-third of all deaths worldwide. The most common types of CVDs include coronary heart disease, stroke, heart failure, and arrhythmias.
These diseases can be caused by a number of factors, including high blood pressure, high cholesterol, diabetes, and smoking.
The increasing prevalence of these risk factors is contributing to the rise in CVDs. The aging population is another major factor driving the growth of the cardiac output monitoring device market.
As people age, their risk of developing CVD increases. This is because the heart muscle weakens with age, and the arteries become less flexible. These changes can lead to a decrease in cardiac output, which can cause a number of symptoms, including fatigue, shortness of breath, and chest pain.
The rising obesity rates are also contributing to the growth of the cardiac output monitoring device market. Obesity is a major risk factor for CVDs, and it is becoming increasingly common around the world.
This is due to a number of factors, including changes in diet and lifestyle. The increase in obesity rates is expected to lead to a corresponding increase in the demand for cardiac output monitoring devices.
Technological Advancements
The cardiac output monitoring device market is also being driven by technological advancements. In recent years, there have been a number of new technologies that have been developed for cardiac output monitoring.
These technologies have improved the accuracy, reliability, and ease of use of cardiac output monitoring devices.
As a result, these devices are becoming more widely used in clinical settings. One of the most significant technological advancements in cardiac output monitoring is the development of non-invasive devices.
These devices do not require the insertion of a catheter into the heart, which makes them more comfortable for patients.
Non-invasive cardiac output monitoring devices use a variety of technologies to measure cardiac output, including impedance cardiography, Doppler ultrasound, and photoplethysmography.
These technologies are becoming increasingly accurate and reliable, and they are expected to continue to drive the growth of the cardiac output monitoring device market in the coming years.
Another important technological advancement is the development of wireless cardiac output monitoring devices.
These devices can be worn by patients for extended periods of time, which allows for continuous monitoring of cardiac output.
Wireless cardiac output monitoring devices are particularly useful for patients who are at high risk for developing CVDs, such as patients with heart failure or arrhythmias. These devices can help to identify changes in cardiac output that may indicate a need for medical intervention.
Growing Awareness of the Importance of Cardiac Output Monitoring
The growing awareness of the importance of cardiac output monitoring is also driving the growth of the cardiac output monitoring device market. In the past, cardiac output monitoring was only used in critical care settings.
However, it is now becoming increasingly recognized that cardiac output monitoring can be useful in a variety of clinical settings, including the emergency department, the operating room, and the intensive care unit.
This is because cardiac output monitoring can help to identify patients who are at risk for developing hemodynamic instability.
Hemodynamic instability can lead to a number of complications, including organ failure and death. By identifying patients who are at risk for hemodynamic instability, cardiac output monitoring can help to prevent these complications and improve patient outcomes.
The growing awareness of the importance of cardiac output monitoring is being driven by a number of factors, including the increasing prevalence of CVDs, the aging population, and the rising obesity rates.
These factors are all contributing to the demand for cardiac output monitoring devices, and the market is expected to continue to grow in the coming years.
Cardiac Output Monitoring Device Market Segment Insights
Cardiac Output Monitoring Device Market Technology Insights
The technology segment of the Cardiac Output Monitoring Device Market is characterized by various technologies employed to measure cardiac output, each with its own set of advantages and limitations. Thermodilution In 2023, thermodilution held the largest market share of 38.2%.
This technique involves injecting a cold saline solution into the pulmonary artery and measuring the temperature change in the distal pulmonary artery. It provides accurate measurements but requires the insertion of a pulmonary artery catheter, which can be invasive.
Transpulmonary Impedance Expected to grow at a CAGR of 4.9% from 2023 to reach a market size of USD 325.1 million by 2032, transpulmonary impedance is a non-invasive method that utilizes electrical impedance to estimate cardiac output. It offers continuous monitoring and is less invasive than thermodilution but may be less accurate in certain clinical scenarios.
With a projected CAGR of 5.2% during the forecast period, pulse contour analysis is a non-invasive technique that analyzes the arterial waveform to derive cardiac output.
It is relatively easy to use and has minimal patient discomfort, but its accuracy can be affected by factors such as arrhythmias and vasopressors. Ultrasonic dilution is expected to reach a market valuation of USD 287.7 million by 2032, growing at a CAGR of 5.3%.
This technique involves injecting a saline solution containing microbubbles and using ultrasound to measure the dilution of the bubbles. It provides accurate measurements and is less invasive than thermodilution but requires specialized equipment and expertise.
Bioreactance, projected to grow at a CAGR of 5.5% from 2023, is a non-invasive method that utilizes changes in electrical impedance between two electrodes placed on the patient's chest to estimate cardiac output.
It is continuous and non-invasive, but its accuracy can be affected by factors such as body composition and patient positioning. The choice of technology for cardiac output monitoring depends on factors such as the clinical setting, patient condition, and desired level of accuracy and invasiveness.
The Cardiac Output Monitoring Device Market is expected to witness technological advancements and the development of more accurate, less invasive, and user-friendly devices in the future.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Cardiac Output Monitoring Device Market Indication Insights
The Cardiac Output Monitoring Device Market is segmented into Cardiac Surgery, Critical Care, Shock Management, Heart Failure, and Electrolyte Disturbances. Cardiac Surgery is estimated to have the largest market share in 2023 since the number of cardiac surgeries around the world has been increasing.
Critical Care is the segment with the highest growth over the forecast period due to the rising incidence of critical illnesses. Furthermore, since nearly all critically ill patients must undergo monitoring of their cardiac output, this segment should capture an important position in the market.
Shock Management is another crucial segment, particularly because of the increasing incidence of sepsis and other causes of shock.
Heart Failure and Electrolyte Disturbances are expected to influence the Cardiac Output Monitoring Device Market to a certain extent as the observation of cardiac output is crucial for the optimization of treatment strategies in these cases.
Cardiac Output Monitoring Device Market Product Type Insights
The growth of the market is attributed to the increasing prevalence of cardiovascular diseases, the growing adoption of minimally invasive cardiac procedures, and the technological advancements in cardiac output monitoring devices. Based on product type, the market is segmented into invasive and non-invasive devices. Invasive devices are inserted into the patient's body, while non-invasive devices are used to measure cardiac output without the need for insertion. The non-invasive segment is expected to dominate the market over the forecast period, owing to the increasing preference for non-invasive procedures and the growing availability of advanced non-invasive cardiac output monitoring devices.
Cardiac Output Monitoring Device Market End User Insights
The Cardiac Output Monitoring Device Market is segmented by end user into hospitals, ambulatory surgery centers, and emergency medical services. Hospitals are expected to account for the largest share of the market in 2023, owing to the increasing number of cardiac procedures performed in hospitals.
Ambulatory surgery centers are expected to witness the fastest growth over the forecast period due to the growing demand for minimally invasive cardiac procedures.
Emergency medical services are expected to account for a smaller share of the market but are expected to grow steadily over the forecast period, due to the increasing demand for cardiac monitoring in emergency situations.
In 2023, the Cardiac Output Monitoring Device Market was valued at USD 2.85 billion and is expected to reach USD 4.2 billion by 2032, growing at a CAGR of 4.4%.
The market growth is attributed to the increasing prevalence of cardiovascular diseases, the growing demand for minimally invasive cardiac procedures, and the technological advancements in cardiac output monitoring devices.
Cardiac Output Monitoring Device Market Application Insights
The Cardiac Output Monitoring Device Market segmentation by Application is categorized into Monitoring Cardiac Output, Fluid Management, Hemodynamic Assessment, and Guiding Therapy.
Among these, Monitoring Cardiac Output held the largest market share in 2023, accounting for over 35% of the Cardiac Output Monitoring Device Market revenue.
The growth of this segment can be attributed to the increasing prevalence of cardiovascular diseases and the need for accurate monitoring of cardiac output in critical care settings. Fluid Management is another significant application segment, accounting for around 28% of the market share in 2023.
The rising demand for fluid management devices in surgical procedures and intensive care units is driving the growth of this segment.
Hemodynamic Assessment and Guiding Therapy are other important application segments with growing adoption in various clinical settings.
Overall, the Application segment of the Cardiac Output Monitoring Device Market is expected to witness significant growth in the coming years, driven by technological advancements and the increasing demand for accurate and reliable cardiac output monitoring solutions.
Cardiac Output Monitoring Device Market Regional Insights
The Cardiac Output Monitoring Device Market is segmented into North America, Europe, APAC, South America, and MEA. The regional segmentation helps stakeholders identify high-growth markets and provides insights into market dynamics and opportunities.
In 2023, North America held the largest market share due to the presence of major industry players, advanced healthcare infrastructure, and high adoption rates of advanced technologies. Europe follows North America and is expected to exhibit stable growth over the forecast period.
APAC is projected to be the fastest-growing region due to rising healthcare expenditure, increasing prevalence of cardiovascular diseases, and government initiatives to improve healthcare access.
South America and MEA have relatively smaller market shares but are expected to grow at a moderate pace due to improving economic conditions and increasing demand for advanced medical devices.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Cardiac Output Monitoring Device Market Key Players and Competitive Insights
Innovation of products and the development of new products are the key strategies adopted by the leading players in the market.
Major players in the market are adopting a variety of strategies, including mergers and acquisitions, partnerships and collaboration, to expand their market presence and gain a larger share of the market. The market is highly competitive, with various companies vying for a share of the market.
Some of the major players in the market are Edwards Lifesciences, Medtronic, Getinge, and Zoll Medical. The major players in the market are investing heavily in research and development to develop new and innovative products to expand their customer base.
Edwards Lifesciences is a leading manufacturer of medical devices for the cardiovascular and critical care markets. Cardiac output monitoring devices are used for calculating the amount of blood pumped by heart in a single minute.
The company has a strong global presence, and its product is used in a large number of hospitals and clinics for monitoring the blood circulation in patients. Edwards Lifesciences is focused on developing new and innovative products to cater to the unmet needs of patients and clinicians.
Medtronic is another major player in the market. Cardiac output monitoring devices are used for calculating the amount of blood pumped by the heart with each beat.
The company has a strong presence in the United States and Europe, and its products are used in a large number of hospitals and clinics. Medtronic is focused on developing new and innovative products to cater to the unmet needs of patients and clinicians.
Key Companies in the Cardiac Output Monitoring Device Market Include
- OSI Systems
- Philips Healthcare
- Edwards Lifesciences
- BD
- Nihon Kohden
- Baxter International
- Cardinal Health
- Medtronic
- Zoll Medical
- Masimo
- GE Healthcare
- Dragerwerk
- Terumo
- Abbott
Cardiac Output Monitoring Device Market Developments
The increasing prevalence of cardiovascular diseases and the growing adoption of minimally invasive cardiac procedures are major factors driving market growth.
Technological advancements, such as the development of wireless and wearable devices, are also contributing to market expansion.
Key market players are focusing on strategic collaborations and product launches to strengthen their market position.
Recent developments include FDA clearance for Edwards Lifesciences' HemoSphere system and Abbott's acquisition of CardioMEMS to enhance its cardiac monitoring portfolio.
Cardiac Output Monitoring Device Market Segmentation Insights
- Cardiac Output Monitoring Device Market Technology Outlook
- Thermodilution
- Transpulmonary Impedance
- Pulse Contour Analysis
- Ultrasonic Dilution
- Bioreactance
- Cardiac Output Monitoring Device Market Indication Outlook
- Cardiac Surgery
- Critical Care
- Shock Management
- Heart Failure
- Electrolyte Disturbances
- Cardiac Output Monitoring Device Market Product Type Outlook
- Invasive
- Non-Invasive
- Cardiac Output Monitoring Device Market End User Outlook
- Hospitals
- Ambulatory Surgery Centers
- Emergency Medical Services
- Cardiac Output Monitoring Device Market Application Outlook
- Monitoring Cardiac Output
- Fluid Management
- Hemodynamic Assessment
- Guiding Therapy
- Cardiac Output Monitoring Device Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
2.73(USD Billion) |
| Market Size 2023 |
2.85(USD Billion) |
| Market Size 2032 |
4.2(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
4.4% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
OSI Systems, Philips Healthcare, Edwards Lifesciences, BD, Nihon Kohden, Baxter International, Cardinal Health, Medtronic, Zoll Medical, Masimo, GE Healthcare, Dragerwerk, Terumo, Abbott |
| Segments Covered |
Technology, Indication, Product Type, End User, Application, Regional |
| Key Market Opportunities |
Growing prevalence of cardiovascular diseases Technological advancements Increasing geriatric population Rising disposable income Expanding healthcare infrastructure |
| Key Market Dynamics |
Increased minimally invasive surgeries Technological advancements Growing prevalence of cardiovascular diseases Surge in the geriatric population Focus on patient outcomes |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Cardiac Output Monitoring Device Market reached a valuation of 2.85 billion USD in 2023.
The Cardiac Output Monitoring Device Market is estimated to reach a valuation of 4.2 billion USD by 2032.
The Cardiac Output Monitoring Device Market is projected to grow at a CAGR of 4.4% from 2024 to 2032.
The North American region is expected to account for the largest market share in the Cardiac Output Monitoring Device Market.
Key applications include cardiac surgery, critical care, and hemodynamic monitoring.
Major competitors include Edwards Lifesciences, Medtronic, and Philips Healthcare.
Factors driving growth include the increasing prevalence of cardiovascular diseases, growing demand for minimally invasive procedures, and technological advancements.
