Cardiac Output Monitoring Devices Market Trends

Growth Drivers

Worldwide Increasing Elderly Population – Elderly population is more prone to CVDs and other severe health issues that require intensive care and monitoring. Therefore, the rising number of elderly populations across the globe is estimated to drive the growth of the cardiac output monitoring devices market in the forecasted period. According to the World Health Organization (WHO) data, by 2030, globally, the number of people over the age of 60 is estimated to reach 1.4 billion.
Rising Prevalence of Chronic Obstructive Pulmonary Disease (COPD) - Chronic obstructive pulmonary disease (COPD) occurs when the lungs get deteriorated and inflamed. The symptoms include wheezing, coughing up mucus, and breathing difficulty. It is closely attributed to prolonged exposure to hazardous substances such as cigarette smoke. Therefore, the surging ratio of COPD disease is another significant factor that is projected to boost the growth of the cardiac output monitoring devices market in the coming years. For instance, every year more than 3 million people lose their lives from COPD, which denotes 6% of total deaths globally.
An Upsurge in Surgical Procedures - For instance, every year approximately 312 million major surgeries are conducted worldwide.
Escalating Healthcare Expenditure – According to the data released by the World Bank, worldwide healthcare expenditure was grown to 9.83% in 2019 as compared to 9.7% in 2018.
Rise in Disposable Income - According to the Bureau of Economic Analysis report, in March 2022, personal income and disposable personal income in the United States have expanded by USD 107.2 billion and USD 89.7 billion, respectively.

Challenges

Restricted Application of Cardiac Output Monitoring Devices – The use of these devices depends on many institutional factors that may restrict the area of their application. Further, no cardiac output monitoring device can change the patient outcome unless its use is coupled with an intervention. Thus, this factor is estimated to hamper the growth of the market over the coming years.
Preference for Medicines Over Surgery
Limited Insurance Coverage Options

Cardiac Output Monitoring Devices Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	3.8%
Base Year Market Size (2023)	USD 1.04 Billion
Forecast Year Market Size (2036)	USD 1.69 Billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of cardiac output monitoring devices is estimated at USD 1.08 Billion.

The cardiac output monitoring devices market size was valued at USD 1.04 Billion in 2023 and is poised to cross USD 1.69 Billion by the end of 2036, registering more than 3.8% CAGR during the forecast period i.e., between 2024-2036. Worldwide increasing elderly population, rising prevalence of chronic obstructive pulmonary disease (COPD), and an upsurge in surgical procedures are the major factors driving the market growth.

North America is anticipated to account for largest industry share by 2036, attributed to increasing frequency of heart diseases, and coronary artery disease in the region.

ICU Medical, Inc., Schwarzer Cardiotek GmbH, Edwards Lifesciences Corporation, Baxter International, Inc., Deltex Medical plc, CNSystems Medizintechnik GmbH, Abiomed, Inc., Boston Scientific Corporation (BSC), BioTelemetry, Inc., Masimo Corporation

Cardiac Output Monitoring Devices Market Trends