Cardiac Output Monitoring Devices Market Report 2024 (Global Edition)

Global Cardiac Output Monitoring Devices Market Report 2024 Market Size Split by Technology (Pulmonary Artery Catheter, Thermodilution Pulse Contour Analysis Technique, Lithium Dilution Technique, Art...

Cardiac Output Monitoring Devices Market Report Description

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Cardiac Output Monitoring Devices Market Insights Video

Competitive Landscape of the Cardiac Output Monitoring Devices Market

Major companies, including Edwards Lifesciences, Philips Healthcare, GE Healthcare, Siemens Healthineers, and Medtronic, dominate the fiercely competitive cardiac output monitoring devices market. To increase their market presence, these businesses concentrate on product releases, innovation, and strategic alliances. They make significant investments in R&D to create cutting-edge, non-invasive monitoring devices and include digital solutions like AI and IoT. Furthermore, acquisitions and mergers are popular tactics for increasing geographical reach and capability. Keeping their market-leading positions also requires competitive pricing, strong distribution networks, and excellent customer service.

In November 2021, GE Healthcare announced the release of a scalable, modular CT platform. The Revolution Apex platform is the first with built-in scalability for on-site CT detector upgrades from 40 mm to 80 mm or 160 mm detector coverage without requiring gantry replacement. With an effective temporal resolution of 19.5 milliseconds to freeze cardiac function and a gantry speed of 0.23 seconds per revolution, the new Revolution Apex platform boasts the fastest gantry speed in the world. (Source:https://www.gehealthcare.com/about/newsroom/press-releases/ge-healthcare-introduces-an-industry-first-modular-scalable-ct-platform-to-minimize?npclid=botnpclid&srsltid=AfmBOor_yNp8zMO0VItKyKM9hQ1WSAvEwYkWSJIqhEbwA7qyq_0geklV) In July 2020, Abbott Laboratories announced that its next-generation Gallant implantable cardioverter defibrillator (ICD) and cardiac resynchronization therapy defibrillator (CRT-D) devices had received FDA approval. (Source:https://abbott.mediaroom.com/2020-07-06-Abbott-Receives-FDA-Approval-for-New-Heart-Rhythm-Devices-Featuring-Bluetooth-Connectivity-and-Continuous-Remote-Monitoring#:~:text=ABBOTT%20PARK%2C%20Ill.%2C%20July,(CRT%2DD)%20devices.) In February 2020, The new GallantTM implantable cardioverter defibrillator (ICD) and cardiac resynchronization therapy defibrillator (CRT-D) devices, which Abbott announced have received CE Mark, offer the most cutting-edge heart rhythm management capabilities and a new set of advantages to individuals in Europe who suffer from heart failure and irregular heart rhythms. Through enhanced smartphone connectivity and linked apps, the gadgets provide new chances for remote monitoring and patient involvement. MRI compatibility, longer battery life, and a patient-preferred design are further advantages. (Source: https://abbott.mediaroom.com/2020-02-18-Abbott-Introduces-Next-Generation-Heart-Rhythm-Management-Devices-in-Europe-Featuring-State-of-the-Art-Patient-App-and-Bluetooth-Connectivity)

Top Companies Market Share in Cardiac Output Monitoring Devices Industry: (In no particular order of Rank)

• GE Healthcare
• Getinge AB
• LiDCO Group plc
• ICU Medical
• Inc.
• Uscom
• Edward Lifesciences Corporation
• Baxter International
• Inc.
• Deltex Medical Group plc
• CNSystems Medizintechnik GmbH.
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Regional Analysis of the Cardiac Output Monitoring Devices Market

Which Region Dominates the Cardiac Output Monitoring Devices Market in 2024?

According to Cognitive Market Research, North America currently dominates the Cardiac Output Monitoring Devices market, and the region is expected to have significant growth during the projected period. The market for cardiac output monitoring devices is expected to develop in North America because of the region's high rate of cardiovascular disorders, sophisticated healthcare system, and substantial healthcare spending. In the United States and Canada, there is a high demand for dependable cardiac monitoring systems due to the large ageing population that is susceptible to heart-related problems. Furthermore, the area gains from the early adoption of cutting-edge technology that enhances patient outcomes, such as minimally invasive and non-invasive monitoring tools. Increased awareness of preventive cardiac care and supportive government regulations further boost the market's potential for growth in North America, drawing major industry players to make investments and expand there.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The market for cardiac output monitoring devices is expected to increase significantly in the Asia Pacific area as a result of rapidly enhancing healthcare infrastructure, growing awareness of cardiovascular diseases, and rising healthcare spending. Especially in nations like China and Japan, the region's sizable and ageing population is fueling the rise in demand for cardiac monitoring equipment. Additionally, government initiatives to improve medical technologies, improved access to healthcare, and growing urbanization are all driving market expansion. The Asia Pacific market for cardiac output monitoring devices is developing into a major centre for innovation and growing market prospects as more hospitals implement cutting-edge monitoring technologies.

The current report Scope analyzes Cardiac Output Monitoring Devices Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Cardiac Output Monitoring Devices

According to Cognitive Market Research, the global Cardiac Output Monitoring Devices market size was estimated at USD 1524.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 609.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Cardiac Output Monitoring Devices market with a market size of USD 481.13 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. In the United States, the extensive usage of monitoring devices in hospitals and outpatient settings is made possible by the established healthcare system and insurance coverage.
• The Canadian Cardiac Output Monitoring Devices market had a market share of USD 73.18 million in 2024 and is projected to grow at a CAGR of 6.2% during the forecast period. The ageing population in Canada is driving up demand for heart disease monitoring and management tools.
• The Mexico Cardiac Output Monitoring Devices market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 55.49 million in 2024.

Europe Cardiac Output Monitoring Devices

According to Cognitive Market Research, the global Cardiac Output Monitoring Devices market size was estimated at USD 1524.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 457.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.

• The United Kingdom Cardiac Output Monitoring Devices market had a market share of USD 76.83 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. In the UK, non-invasive monitoring is becoming more and more popular because it reduces patient risk and pain.
• The France Cardiac Output Monitoring Devices market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 42.08 million in 2024.
• According to Cognitive Market Research, the German Cardiac Output Monitoring Devices market size was valued at USD 90.56 million in 2024 and is projected to grow at a CAGR of 5.9% during the forecast period. Germany's robust medical research industry fuels the need for cardiac output monitoring in academic and research settings.
• The Italy Cardiac Output Monitoring Devices market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 39.33 million in 2024.
• The Russian cardiac Output Monitoring Devices market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 70.89 million in 2024.
• The Spain Cardiac Output Monitoring Devices market is projected to witness growth at a CAGR of 4.8% during the forecast period with a market size of USD 37.50 million in 2024
• The Luxembourg Cardiac Output Monitoring Devices market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 14.18 million in 2024.
• The Portugal Cardiac Output Monitoring Devices market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 9.60 million in 2024.
• The Greece Cardiac Output Monitoring Devices market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 5.49 million in 2024.
• The Rest of Europe's Cardiac Output Monitoring Devices market is projected to witness growth at a CAGR of 4.4% during the forecast period, with a market size of USD 70.89 million in 2024.

Asia Pacific Cardiac Output Monitoring Devices

According to Cognitive Market Research, the global Cardiac Output Monitoring Devices market size was estimated at USD 1524.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 350.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Cardiac Output Monitoring Devices market size was valued at USD 157.79 million in 2024 and is projected to grow at a CAGR of 8.7% during the forecast period. Cardiac Output Monitoring Devices have surged in China due to the use of medical technologies, such as heart monitoring, which is growing as a result of government attempts to enhance healthcare quality and accessibility.
• The Japan Cardiac Output Monitoring Devices market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 48.39 million in 2024.
• The India Cardiac Output Monitoring Devices market had a market share of USD 42.08 million in 2024 and is projected to grow at a CAGR of 11.0% during the forecast period. In India, the increased need for cardiac monitoring is a result of rising lifestyle-related cardiovascular illnesses like diabetes and hypertension.
• The South Korean Cardiac Output Monitoring Devices market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 35.06 million in 2024.
• The Australian Cardiac Output Monitoring Devices market is projected to witness growth at a CAGR of 8.9% during the forecast period, with a market size of USD 18.23 million in 2024.
• The South East Asia Cardiac Output Monitoring Devices market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 24.19 million in 2024.
• The Rest of Asia Pacific Cardiac Output Monitoring Devices market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 24.90 million in 2024.

South America Cardiac Output Monitoring Devices

According to Cognitive Market Research, the global Cardiac Output Monitoring Devices market size was estimated at USD 1524.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 76.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Cardiac Output Monitoring Devices market size was valued at USD 32.62 million in 2024 and is projected to grow at a CAGR of 7.2% during the forecast period. Cardiac Output Monitoring Devices flourished in Brazil due to adoption at public hospitals is being driven by public health efforts that aim to improve cardiovascular health.
• Argentina's Cardiac Output Monitoring Devices market had a market share of USD 12.81 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. In Argentina, the need for cardiac output monitoring devices is being driven by the potential for remote patient monitoring solutions to lower healthcare costs and enhance patient care.
• Colombia's Cardiac Output Monitoring Devices market is projected to witness growth at a CAGR of 6.4% during the forecast period, with a market size of USD 6.78 million in 2024.
• Peru's Cardiac Output Monitoring Devices market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 6.25 million in 2024.
• Chile's Cardiac Output Monitoring Devices market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 5.49 million in 2024.
• The Rest of Latin America's Cardiac Output Monitoring Devices market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 12.27 million in 2024.

Middle East and Africa Cardiac Output Monitoring Devices

According to Cognitive Market Research, the global Cardiac Output Monitoring Devices market size was estimated at USD 1524.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 30.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031..

• The GCC Countries Cardiac Output Monitoring Devices market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 13.05 million in 2024. Cardiac Output and Monitoring Devices sales flourish in GCC countries due to the GCC nations making significant investments in cutting-edge medical facilities, which increases demand for sophisticated monitoring systems.
• The Egypt Cardiac Output Monitoring Devices market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 3.20 million in 2024.
• The South African Cardiac Output Monitoring Devices market is projected to witness growth at a CAGR of 7.9% during the forecast period, with a market size of USD 4.82 million in 2024. Cardiac Output Monitoring Devices sales flourished in South Africa due to the need for cardiac monitoring being driven by the rise in heart disease in South Africa as a result of changing lifestyles.
• The Turkey Cardiac Output Monitoring Devices market is projected to witness growth at a CAGR of 6.4% during the forecast period, with a market size of USD 2.62 million in 2024.
• The Nigeria Cardiac Output Monitoring Devices market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 3.20 million in 2024.
• The Rest of the MEA Cardiac Output Monitoring Devices market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 3.60 million in 2024.

Cardiac Output Monitoring Devices Market Analysis

Cardiac Output Monitoring Devices Market Technology Segment Analysis

According to Cognitive Market Research, thermodilution pulse contour analysis techniques are likely to dominate the Cardiac Output Monitoring Devices Market over the forecast period. Because thermodilution and pulse contour analysis techniques are highly accurate in determining hemodynamic parameters, there is an increasing demand for cardiac output monitoring equipment. The thermodilution method provides accurate cardiac output measurements by infusing a cold solution into the bloodstream and monitoring temperature changes. Real-time cardiac output estimation is achieved by the non-invasive technique of pulse contour analysis, which examines arterial pressure waveforms. The market demand is being driven by the growing demand for these technologies in critical care settings, particularly in intensive care units and during major surgeries, as they provide continuous and accurate monitoring of patients with cardiovascular difficulties.

Pulmonary artery catheters are the fastest-growing segment in the Cardiac Output Monitoring Devices Market. In the market for cardiac output monitoring devices, pulmonary artery catheters are still in great demand, especially for high-risk and critical care procedures. Swan-Ganz catheters, another name for pulmonary artery catheters, detect blood flow and pressures directly in the heart and pulmonary arteries to provide precise, real-time cardiac output measures. Patients with severe cardiovascular diseases, such as heart failure and shock, require this invasive approach to be managed. Pulmonary artery catheters are still in high demand due to their critical role in precise hemodynamic monitoring in intensive care units (ICUs), even with the advent of non-invasive technologies.

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Cardiac Output Monitoring Devices Market Product Segment Analysis

According to Cognitive Market Research, the consumables & accessories segment holds the largest share of the market. Consumables and accessories are essential for sustaining device operation and guaranteeing precise measurements in the market for cardiac output monitoring devices. These include infusion fluids, electrodes, sensors, catheters, and other devices used in both invasive and non-invasive monitoring techniques. For continuous monitoring and the best possible device performance, consumables such as blood pressure cuffs, thermodilution catheters, and calibration fluids are necessary. Connectors, cables, and filters are examples of accessories that enhance patient safety and device performance. These supplies and accessories are becoming more and more necessary as cardiac output monitoring becomes more widely used, guaranteeing dependable outcomes in clinical settings and long-term use.

In the Cardiac Output Monitoring Devices Market, devices have been expanding at a rapid pace. Heart function is measured and evaluated using a variety of technologies in the cardiac output monitoring devices market. These include intrusive tools like as pulmonary artery catheters, which, particularly in critical care settings, offer accurate, real-time cardiac output data. Because of their accuracy and reduced risk, minimally invasive devices like artery pressure waveform-based systems and esophageal Doppler monitors are becoming more and more common. Impedance cardiography and bioimpedance devices are examples of non-invasive technologies that provide patients with comfort and ease of usage. In order to monitor and control cardiovascular health, these devices are being used more and more in hospitals, critical care units, and surgical settings.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Cardiac Output Monitoring Devices ???? Segment Analysis

Cardiac Output Monitoring Devices Market Type Segment Analysis

According to Cognitive Market Research, the non-invasive segment is expected to dominate the market. Because non-invasive cardiac output monitoring devices are simple to use, lower patient risk, and provide more comfort, their demand is rising quickly. Technologies that provide precise, real-time cardiac output measurements without requiring catheter insertion include esophageal Doppler monitoring, impedance cardiography, and pulse contour analysis. These gadgets are becoming more and more popular in routine check-ups, outpatient settings, and the recovery period following surgery, where reducing patient discomfort is crucial. The non-invasive cardiac output monitoring device market is anticipated to increase significantly as healthcare providers place a greater emphasis on patient safety and convenience.

In the Cardiac Output Monitoring Devices Market, invasive has been expanding at a rapid pace. Devices for measuring invasive cardiac output are still in high demand, particularly in high-risk surgical and critical care settings. Central venous pressure, cardiac output, and other hemodynamic parameters can be directly and accurately measured with devices like Swan-Ganz pulmonary artery catheters. Patients with severe cardiovascular diseases, such as heart failure, shock, and post-operative recovery, require the use of these invasive devices. Invasive monitoring is still favoured for its accuracy in evaluating complex situations despite the development of non-invasive technologies. This maintains a consistent demand in advanced medical settings and intensive care units (ICUs).

• Invasive
• Non-invasive

Cardiac Output Monitoring Devices End User Segment Analysis

Cardiac Output Monitoring Devices Market End User Segment Analysis

According to Cognitive Market Research, the hospital segment holds the largest share of the market. The need for accurate, real-time monitoring of critically ill patients has made hospitals the market leader for cardiac output monitoring devices. In order to manage patients with cardiovascular disorders, post-surgery recovery, and shock conditions, invasive and non-invasive cardiac output monitoring devices are frequently utilized in intensive care units (ICUs), operating rooms, and emergency departments. The need for these devices keeps growing as more people are admitted to hospitals for heart-related conditions and procedures. Hospitals are a major force behind the market expansion in this industry because they place a high priority on precise hemodynamic monitoring to guarantee the best possible care.

In the Cardiac Output Monitoring Devices Market, ambulatory surgical centres have been expanding at a rapid pace. Due to their increasing use of outpatient surgeries and procedures needing close cardiac monitoring, ambulatory surgical centres (ASCs) are emerging as major end-users in the cardiac output monitoring devices market. Because they may offer precise real-time data with little danger to patients, non-invasive and minimally invasive cardiac output monitoring devices are particularly common in ASCs. These devices aid in the management of patients having surgeries that require careful monitoring of cardiovascular function, such as cardiac, orthopaedic, and gastrointestinal procedures. Because it improves patient safety and treatment results, the growing use of advanced monitoring technology in ASCs is propelling market expansion in this sector..

• Hospitals
• Ambulatory Surgical Centers
• Others

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

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