Cardiac Output Monitors Market Size, Share, Industry, and Outlook 2024-2031

Overview

The global cardiac output monitors market reached US$ 1.5 billion in 2023 and is expected to reach US$ 2.23 billion by 2031, growing at a CAGR of 5.2% during the forecast period 2024-2031.

Cardiac output monitors play a crucial role in clinical medicine, particularly in critical care and cardiology settings, as they provide essential information about a patient's cardiovascular function. The importance of cardiac output monitoring lies in its ability to help healthcare providers make informed decisions regarding patient management and treatment. Cardiac output monitoring allows patient treatment strategies to be customized. 

By adapting therapies to a patient's individual cardiovascular needs, medical professionals can optimize patient outcomes. Close cardiac output monitoring is frequently necessary for patients with heart failure in order to evaluate the efficacy of treatment and avoid decompensation. Organ failure, tissue hypoxia, and extended hospital stays can all be avoided with the early identification and treatment of hemodynamic instability.

Scope

Market Dynamics: Drivers

Increasing prevalence of cardiovascular diseases

The rising prevalence of cardiovascular diseases propels the market growth. Improved monitoring and management technologies, including cardiac output monitors, are required due to the rising prevalence of cardiovascular diseases and disorders. The market is expanding rapidly as a result of the rise in cardiovascular diseases. For instance, according to the Centers for Disease Control and Prevention, heart disease is the leading cause of death for men, women, and people of most racial and ethnic groups in the United States. One person dies every 33 seconds in the United States from cardiovascular disease. About 695,000 people in the United States died from heart disease, that’s 1 in every 5 deaths. 

Moreover, according to the British Heart Foundation 2023, stated that around 620 million people live with heart and circulatory diseases across the world – this number has been rising due to changing lifestyles, an aging, and growing population, and improved survival rates from heart attacks and strokes – and will continue to rise if these trends continue. Thus rising of the cardiovascular diseases helps to drive the market growth. Additionally, cardiovascular output monitors improve patient safety by giving healthcare professionals the information they need to make wise decisions and avoid negative outcomes. The development of less invasive and more precise cardiac output monitoring tools has been made possible by ongoing developments in monitoring technology, making them more available and useful in clinical settings.

Restraints

Factors such as high costs associated with cardiac output monitors are expected to hamper the market. The devices for monitoring cardiac output, particularly invasive ones, can be pricey for both purchase and operation. Their use may be hindered, especially in healthcare settings with limited resources, due to high upfront costs and recurring costs for consumables or calibration.

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Segment Analysis

The global cardiac output monitors market is segmented based on type, technology, end-user, and region.

The non-invasive cardiac output monitors accounted for approximately 46.7% of the global cardiac output monitors market share.

The non-invasive cardiac output monitors segment is expected to hold the largest market share over the forecast period. In this segment, the features and launches of new products would drive this market. 

A patient's cardiovascular function can be evaluated with non-invasive cardiac output monitors without a need for invasive treatments. These monitors offer useful data on cardiac output, or the amount of blood the heart pumps each minute, as well as other associated hemodynamic parameters. For instance, using invasive procedures like catheterization is not necessary when using non-invasive monitoring techniques like impedance cardiography or Doppler ultrasonography. As a result, there is a lower possibility of problems, infections, and patient discomfort brought on by invasive monitoring methods. 

They aid in the early detection of abnormalities in the heart function of a patient. Clinicians can see problems like heart failure exacerbations or shock states and act quickly by continually monitoring cardiac output and associated metrics.  Moreover, on April 25, 2022, with the addition of cardiac output, stroke volume, heart rate variability, and left ventricular ejection time to its VitalStream non-invasive patient monitoring platform, Caretaker Medical, a provider of wireless patient monitoring technologies, received FDA 510(k) clearance. 

Geographical Analysis

North America accounted for approximately 43.8% of the global cardiac output monitors market share 

North America region is expected to hold the largest market share over the forecast period. The rising incidence of cardiovascular diseases, approvals, and increase in the healthcare expenses in this region, help to propel the market. 

For instance, according to the National Institute of Health, approximately 82.6 million people in the United States currently have one or more forms of cardiovascular disease (CVD), making it a leading cause of death for both men and women. Common types of cardiovascular disease include coronary heart disease (CHD), stroke, hypertension, and congestive heart failure. An estimated 16.3 million Americans aged 20 and older have CHD, a prevalence of 7 percent. 

The prevalence for men is 8.3 percent and for women is 6.1 percent. About 7 million Americans aged 20 or older have had a stroke. Each year approximately 610,000 experience their first stroke and another 185,000 experience a recurrence. Approximately 87 percent of all strokes are ischemic of which 10 percent result from intracerebral hemorrhage and 3 percent result from subarachnoid hemorrhage.

Market Segmentation

By Type

• Invasive Cardiac Output Monitors 
• Non-Invasive Cardiac Output Monitors
• Minimally Invasive Cardiac Output Monitors
• Others 

By Technology

• Pulmonary Artery Catheter 
• Thermodilution Pulse Contour Analysis Technique
• Lithium Dilution Technique
• Arterial Waveform Analysis Technique
• Doppler
• Others

By End-User

• Hospitals
• Cardiac Centers 
• Ambulatory Surgical Centers
• Others

By Region

• North America 
  • U.S.
  • Canada
  • Mexico
• Europe 
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Rest of Europe
• South America 
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific 
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Middle East and Africa

Competitive Landscape

The major global players in the global cardiac output monitors market include Edwards Lifesciences Corporation, Masimo, Getinge Inc, Nihon Kohden Corporation, Deltex Medical Group plc, GE Healthcare, Koninklijke Philips N.V, Schwarzer Cardiotek, Tenko Medical System Corp, Osypka Medical among others.

Key Developments

• In October 2023, Masimo announced the CE mark, under the European Union Medical Device Regulation, for the LiDCO® board-in-cable (BIC) module. The LiDCO BIC module is designed to connect to multi-patient monitoring platforms, like the Masimo Root® Patient Monitoring and Connectivity Hub, to provide advanced hemodynamic monitoring. With this solution, clinicians can easily add LiDCO hemodynamic monitoring
• In April 2023, French medical device company, Vygon India launched its advanced hemodynamic monitoring system, Mostcare Up, in North India during a Society of Critical Care Medicine (ISCCM) symposium in Chandigarh. The Mostcare Up system is a minimally invasive arterial pressure-based monitor powered by a patented algorithm based on the Pressure Recording Analytical Method (PRAM). It is the only monitor that can follow even the slightest hemodynamic variations in real time and from beat to beat.

Why Purchase the Report?

• To visualize the global cardiac output monitors market segmentation based on type, technology, end-user, and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development
• Excel data sheet with numerous data points of global cardiac output monitors market level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping is available in Excel consisting of key products of all the major players.

The global cardiac output monitors market report would provide approximately 51 tables, 54 figures, and 181 Pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies