Non-Invasive Cardiac Output Monitoring Device Market Size & Growth by 2027

Non-Invasive Cardiac Output Monitoring Device Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Device (Patches, Wristwatches, and Probes and Catheters), Indication (Hypertension, Coronary Diseases, Congenital Problems, Myocardial Ischemia and Infarction, Heart Failure, Arrhythmias, and Others) and End User (Hospitals, Emergency Services Centers, Homecare, and Others) and Geography

  • Report Code : TIPRE00018134
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 183
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The non-invasive cardiac output monitoring device 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 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.

Report Coverage

Lucrative Regions for Non-Invasive Cardiac Output Monitoring Device Market


Lucrative Regions for Non-Invasive Cardiac Output Monitoring Device Market

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Insights

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.

Thus, the growing prevalence of CVD is boosting the adoption of noninvasive cardiac output monitoring devices, thereby fueling the market growth.

Device-Based Insights

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.

Non-Invasive Cardiac Output Monitoring Device Market, by Device – 2019 and 2027

Non-Invasive Cardiac Output Monitoring Device Market, by Device – 2019 and 2027

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Indication-Based Insights

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.

End User-Based Insights

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.

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Non-Invasive Cardiac Output Monitoring Device Market: Strategic Insights

non-invasive-cardiac-output-monitoring-device-market
Market Size Value inUS$ 2,26,049.76 thousand in 2019
Market Size Value byUS$ 3,30,902.81 thousand by 2027
Growth rateCAGR of 5.0% from 2020-2027
Forecast Period2020-2027
Base Year2020
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Product launches and approvals are the commonly adopted strategies by companies to expand their global footprints and product portfolios. Collaboration is one of the major strategies adopted by the noninvasive cardiac output monitoring device market players to enlarge customer base worldwide, which also permits them to maintain their brand name globally.

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

Non-Invasive Cardiac Output Monitoring Device Market – by Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East and Africa
  • South and Central America
    • Brazil
    • Argentina
    • Rest of South and Central America

Company Profiles

  • Baxter
  • Bio-Beat
  • General Electric Company.
  • Koninklijke Philips N.V.
  • Abbott
  • Deltex Medical Limited
  • NIMedical
  • LiDCO Ltd.
  • Conmed Corporation
  • Imacor
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Device , Indication and End User and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What is cardiac output?

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 non-invasive devices have been developed to measure CO. Cardiac output gives information about tissue perfusion and oxygen delivery and can identify patients who are at high risk of mortality or morbidity.

What are the driving factors for the non-invasive cardiac output monitoring device market across the globe?

The global 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.

Who are the major players in the non-invasive cardiac output monitoring device market?

The non-invasive cardiac output monitoring device market majorly consists of the players such as Baxter, Bio-Beat, General Electric Company., Koninklijke Philips N.V., Abbott, Deltex Medical Limited, NIMedical, LiDCO Ltd., Conmed Corporation, Imacor among others.

The List of Companies - Non-Invasive Cardiac Output Monitoring Device Market

  1. Baxter
  2. Bio-Beat
  3. General Electric Company.
  4. Koninklijke Philips N.V.
  5. Abbott
  6. Deltex Medical Limited
  7. NIMedical
  8. LiDCO Ltd.
  9. Conmed Corporation
  10. Imacor

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

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  • Validates and strengthens in-house secondary research findings
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Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

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Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

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