According to The Insight Partners 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 report highlights trends prevailing in the global non-invasive cardiac output monitoring device market and factors governing the market growth.
Market Size Value in
(US$ 2,26,049.76 thousand in 2019)
Market Size Value by
(US$ 3,30,902.81 thousand by 2027)
(CAGR of 5.0% from 2020 to 2027)
No. of Pages
(By Device; Indication, End User and Geography)
(North America; Europe; Asia Pacific; Latin America; MEA)
(US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina)
(Revenue forecast, company ranking, competitive landscape, growth factors, and trends)
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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.
Increase in Prevalence of Cardiovascular Diseases
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.
Thus, the growing prevalence of CVD is boosting the adoption of noninvasive cardiac output monitoring devices, thereby fueling the market growth. 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.
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns.
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Based on device, the non-invasive cardiac output monitoring device market is segmented into patches, wristwatches, and probes and catheters. The probes and catheters segment held the largest share of the market in 2019 and is anticipated to register the highest CAGR during the forecast period.
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 and is expected to register the highest CAGR during the forecast period.
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: Competitive Landscape and Key Developments
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.
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Cardiac Output Monitoring Devices Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type (Non-invasive, Minimally Invasive, Invasive); Applications (Hospital, Clinic, Other)
Cardiovascular Devices Market to 2027 - Global Analysis and Forecasts by Device (Electrocardiography (ECG), Pacemaker, Stent, Defibrillator, Cardiac Catheter, Guidewire, Heart Valve, Event Monitor, and Others); Application (Coronary Heart Disease, Sudden Cardiac Arrest, Stroke, Cerebrovascular Heart Disease and Others), End User (Hospitals, Ambulatory Surgery Centers, and Cardiac Centers), and Geography
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