Cardiac Output Monitor Market Size (2021-2031) and Growth
The Cardiac Output Monitor Market is expected to register a CAGR of 4.3% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Technology (Pulmonary Artery Catheter, Thermodilution Pulse Contour Analysis Technique, Lithium Dilution Technique, Arterial Waveform Analysis Technique, Doppler, Others). The report is segmented by Product (Devices, Consumables and Accessories). The report is segmented by Type (Invasive, Non-invasive). The report is segmented by End User (Hospitals, Ambulatory Surgical Centers, Others).The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Cardiac Output Monitor Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Cardiac Output Monitor Market Segmentation
Technology- Pulmonary Artery Catheter
- Thermodilution Pulse Contour Analysis Technique
- Lithium Dilution Technique
- Arterial Waveform Analysis Technique
- Doppler
- Others
- Devices
- Consumables and Accessories
- Invasive
- Non-invasive
- Hospitals
- Ambulatory Surgical Centers
- Others
- Hospitals
- Ambulatory Surgical Centers
- Others
Strategic Insights
Cardiac Output Monitor Market Growth Drivers- Rise in Frequency of Cardiovascular Disease (CVD): Cardiovascular diseases, such as heart failure, coronary heart disease, and high blood pressure, continue to be among the highest causative diseases of morbidity and mortality around the world. Cardiovascular health monitoring becomes more important with the aging population and the increasing level of obesity, diabetes, and hypertension resulting from changing demographics and lifestyle patterns. The increased usage of Cardiac output monitors in diagnosing, treating and assessing the progression of CVDs, especially in the wards of critical care and intensive care units, is the main factor for the enhancement of the market.
- Innovations in Monitoring Devices: The market for cardiac output monitoring has a lot of new aspects to it. Older techniques, for example, the thermodilution and the bolus indicator techniques, are already being or will be even fully replaced by lesser invasive solutions like pulse contour or bioimpedance monitors or even esophageal doppler ultrasound. These new technologies provide effective, accurate and most importantly continuous and real time monitoring, which is paramount in the care of critically ill patients. In addition, associated CO monitoring systems with digital platforms and wearable devices is enhancing convenience and improving clinical outcomes which is fuelling growth of the market.
- Increasing Trends for Autism Innovative Technologies: The healthcare systems are increasingly moving towards improved surgical techniques within a dream of speedy recovery of patients and hence the use of less invasive CO monitoring systems has increased significantly. Equipment such as sterile tech arterial line, bioimpedance, and non-invasive impedance cardiography are also gaining preference as they are non-invasive and provide reliable measurements without the insertion of a tube into the body. This paradigm shift eliminates risks associated with patients, reduces complications, and leads to a faster return to normalcy hence the reason for the growth of these advanced levels of CO monitor.
- Artificial Intelligence (AI) And Machine Learning (ML): Integration Summarization of the main trends in Carbon Oxide (CO) monitoring devices is focused on the application of AI and ML. These techniques allow for improved data analysis by recognizing minute alterations in a patient’s hemodynamic status and forecasting any likely risks while also adjusting treatment algorithms. CO monitors with AI functions allow for better delivery of care and improvement of health outcomes for patients who are critically ill by giving forecasts, thus encouraging efficacy in the provision of health care.
- Wearable Cardiac Output Monitors: The recent proliferation in health monitoring wearable devices has started changing the paradigm of cardiac output monitoring. Patients and their doctors are using more and more wearables like smartwatches and fitness bands that keep track of vital signs including heart rate and cardiac output. These devices help in offering regular monitoring beyond hospital admissions which is beneficial in managing chronic illnesses as well as during recovery from surgery. This is further enhanced by the growing acceptance of telemedicine together with remote patient monitoring systems.
- Shift Towards Patient-Centered Healthcare: There has been a paradigm shift towards patient-centered healthcare There is an increasing attention to patient-centered care, which in turn is creating the need for tracking of patient status in a personalized and timely manner. CO monitoring is now being meeting the medical requirements at an individual level making it possible for practitioners to discern fluctuations in the output of the heart which signals some changes in the patient’s condition. The progress of the markets is accompanied by the tendency of providing more accurate and individualized care to the patients in order to improve their outcomes, hence the need for more flexible and adaptable monitoring solutions designed for various clinical settings and patient populations.
- Technological Advancements in Non-Invasive Monitoring Systems: The non-invasive cardiac output monitoring system is a growing market that poses an opportunity for strategies to be employed. Latest non-invasive options are designed in a manner that subjects the patients to little or no pain, few risks and short recovery periods as opposed to the older laparotomy options. Advances in ultrasound, bioimpedance, and near: infrared spectroscopy technologies have allowed for the quick and non: intrusive evaluation of cardiac output through the elimination of invasive catheters. The wider use and introduction of these products into the economy, however, may cause a tremendous growth spurt in the present state of the market.
- Equipment and Facilities Suppliers: Supplier of the Cardiac Output Monitoring System Collaborating with Healthcare Providers and Institutions A cardiac output monitoring market presents itself to the companies when they collaborate with the healthcare providers and hospitals. One of the best ways for the manufacturers to understand whom on the market they want to address their products is by teaming up with such organizations found in hospitals, clinics and other healthcare systems that are as involved in critical care as possible. Such collaborations can help in developing the products and technologies in addressing quality problems without compromising of their level in the existing market.
- Rise in Importance of Preventive Healthcare: Monitoring of cardiac output is likely to find a central place in health management systems as systems all over the world seem to be increasingly adopting preventive strategies. There is also the possibility of intervention as CO monitors can be employed to monitor for the presence of any cardiovascular diseases especially heart failure at their early stages. This healthcare practice that is focused on improvement of health outcomes is expected to enhance the use of system approaches for monitoring individuals at risk of diseases and those already diagnosed with diseases for more tailored treatment.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Cardiac Output Monitor Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Cardiac Output Monitor Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Non-invasive segment, by Type, dominated the market in 2023.
Players operating in the market are GE Healthcare, Getinge AB, Edward LifeSciences Corporation, Baxter International, Inc., LIDCO Group, Plc., ICU Medical, Inc., Jubilant Pharma, Deltex Medical Group Plc., Osypka Medical GmbH, Uscom
North America region dominated the Cardiac Output Monitor market in 2023.
Equipment and Facilities Suppliers act as a opportunity for growth of the market in forecast period.
The Cardiac Output Monitor Market is estimated to witness a CAGR of 4.3% from 202#to 2031
The major factors driving the Cardiac Output Monitor market are:
1. Rise in Frequency of Cardiovascular Disease (CVD)
2. Innovations in Monitoring Devices
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Cardiac Output Monitor Market - By Technology
1.3.2 Cardiac Output Monitor Market - By Product
1.3.3 Cardiac Output Monitor Market - By Type
1.3.4 Cardiac Output Monitor Market - By End User
1.3.5 Cardiac Output Monitor Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CARDIAC OUTPUT MONITOR MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. CARDIAC OUTPUT MONITOR MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CARDIAC OUTPUT MONITOR MARKET - GLOBAL MARKET ANALYSIS
6.1. CARDIAC OUTPUT MONITOR - GLOBAL MARKET OVERVIEW
6.2. CARDIAC OUTPUT MONITOR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CARDIAC OUTPUT MONITOR MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. PULMONARY ARTERY CATHETER
7.3.1. Overview
7.3.2. Pulmonary Artery Catheter Market Forecast and Analysis
7.4. THERMODILUTION PULSE CONTOUR ANALYSIS TECHNIQUE
7.4.1. Overview
7.4.2. Thermodilution Pulse Contour Analysis Technique Market Forecast and Analysis
7.5. LITHIUM DILUTION TECHNIQUE
7.5.1. Overview
7.5.2. Lithium Dilution Technique Market Forecast and Analysis
7.6. ARTERIAL WAVEFORM ANALYSIS TECHNIQUE
7.6.1. Overview
7.6.2. Arterial Waveform Analysis Technique Market Forecast and Analysis
7.7. DOPPLER
7.7.1. Overview
7.7.2. Doppler Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. CARDIAC OUTPUT MONITOR MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
8.1. OVERVIEW
8.2. PRODUCT MARKET FORECASTS AND ANALYSIS
8.3. DEVICES
8.3.1. Overview
8.3.2. Devices Market Forecast and Analysis
8.4. CONSUMABLES AND ACCESSORIES
8.4.1. Overview
8.4.2. Consumables and Accessories Market Forecast and Analysis
9. CARDIAC OUTPUT MONITOR MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
9.1. OVERVIEW
9.2. TYPE MARKET FORECASTS AND ANALYSIS
9.3. INVASIVE
9.3.1. Overview
9.3.2. Invasive Market Forecast and Analysis
9.4. NON-INVASIVE
9.4.1. Overview
9.4.2. Non-invasive Market Forecast and Analysis
10. CARDIAC OUTPUT MONITOR MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. HOSPITALS
10.3.1. Overview
10.3.2. Hospitals Market Forecast and Analysis
10.4. AMBULATORY SURGICAL CENTERS
10.4.1. Overview
10.4.2. Ambulatory Surgical Centers Market Forecast and Analysis
10.5. OTHERS
10.5.1. Overview
10.5.2. Others Market Forecast and Analysis
11. CARDIAC OUTPUT MONITOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Cardiac Output Monitor Market Overview
11.1.2 North America Cardiac Output Monitor Market Forecasts and Analysis
11.1.3 North America Cardiac Output Monitor Market Forecasts and Analysis - By Technology
11.1.4 North America Cardiac Output Monitor Market Forecasts and Analysis - By Product
11.1.5 North America Cardiac Output Monitor Market Forecasts and Analysis - By Type
11.1.6 North America Cardiac Output Monitor Market Forecasts and Analysis - By End User
11.1.7 North America Cardiac Output Monitor Market Forecasts and Analysis - By Countries
11.1.7.1 United States Cardiac Output Monitor Market
11.1.7.1.1 United States Cardiac Output Monitor Market by Technology
11.1.7.1.2 United States Cardiac Output Monitor Market by Product
11.1.7.1.3 United States Cardiac Output Monitor Market by Type
11.1.7.1.4 United States Cardiac Output Monitor Market by End User
11.1.7.2 Canada Cardiac Output Monitor Market
11.1.7.2.1 Canada Cardiac Output Monitor Market by Technology
11.1.7.2.2 Canada Cardiac Output Monitor Market by Product
11.1.7.2.3 Canada Cardiac Output Monitor Market by Type
11.1.7.2.4 Canada Cardiac Output Monitor Market by End User
11.1.7.3 Mexico Cardiac Output Monitor Market
11.1.7.3.1 Mexico Cardiac Output Monitor Market by Technology
11.1.7.3.2 Mexico Cardiac Output Monitor Market by Product
11.1.7.3.3 Mexico Cardiac Output Monitor Market by Type
11.1.7.3.4 Mexico Cardiac Output Monitor Market by End User
11.2. EUROPE
11.2.1 Europe Cardiac Output Monitor Market Overview
11.2.2 Europe Cardiac Output Monitor Market Forecasts and Analysis
11.2.3 Europe Cardiac Output Monitor Market Forecasts and Analysis - By Technology
11.2.4 Europe Cardiac Output Monitor Market Forecasts and Analysis - By Product
11.2.5 Europe Cardiac Output Monitor Market Forecasts and Analysis - By Type
11.2.6 Europe Cardiac Output Monitor Market Forecasts and Analysis - By End User
11.2.7 Europe Cardiac Output Monitor Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Cardiac Output Monitor Market
11.2.7.1.1 Germany Cardiac Output Monitor Market by Technology
11.2.7.1.2 Germany Cardiac Output Monitor Market by Product
11.2.7.1.3 Germany Cardiac Output Monitor Market by Type
11.2.7.1.4 Germany Cardiac Output Monitor Market by End User
11.2.7.2 France Cardiac Output Monitor Market
11.2.7.2.1 France Cardiac Output Monitor Market by Technology
11.2.7.2.2 France Cardiac Output Monitor Market by Product
11.2.7.2.3 France Cardiac Output Monitor Market by Type
11.2.7.2.4 France Cardiac Output Monitor Market by End User
11.2.7.3 Italy Cardiac Output Monitor Market
11.2.7.3.1 Italy Cardiac Output Monitor Market by Technology
11.2.7.3.2 Italy Cardiac Output Monitor Market by Product
11.2.7.3.3 Italy Cardiac Output Monitor Market by Type
11.2.7.3.4 Italy Cardiac Output Monitor Market by End User
11.2.7.4 Spain Cardiac Output Monitor Market
11.2.7.4.1 Spain Cardiac Output Monitor Market by Technology
11.2.7.4.2 Spain Cardiac Output Monitor Market by Product
11.2.7.4.3 Spain Cardiac Output Monitor Market by Type
11.2.7.4.4 Spain Cardiac Output Monitor Market by End User
11.2.7.5 United Kingdom Cardiac Output Monitor Market
11.2.7.5.1 United Kingdom Cardiac Output Monitor Market by Technology
11.2.7.5.2 United Kingdom Cardiac Output Monitor Market by Product
11.2.7.5.3 United Kingdom Cardiac Output Monitor Market by Type
11.2.7.5.4 United Kingdom Cardiac Output Monitor Market by End User
11.2.7.6 Rest of Europe Cardiac Output Monitor Market
11.2.7.6.1 Rest of Europe Cardiac Output Monitor Market by Technology
11.2.7.6.2 Rest of Europe Cardiac Output Monitor Market by Product
11.2.7.6.3 Rest of Europe Cardiac Output Monitor Market by Type
11.2.7.6.4 Rest of Europe Cardiac Output Monitor Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Cardiac Output Monitor Market Overview
11.3.2 Asia-Pacific Cardiac Output Monitor Market Forecasts and Analysis
11.3.3 Asia-Pacific Cardiac Output Monitor Market Forecasts and Analysis - By Technology
11.3.4 Asia-Pacific Cardiac Output Monitor Market Forecasts and Analysis - By Product
11.3.5 Asia-Pacific Cardiac Output Monitor Market Forecasts and Analysis - By Type
11.3.6 Asia-Pacific Cardiac Output Monitor Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific Cardiac Output Monitor Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Cardiac Output Monitor Market
11.3.7.1.1 Australia Cardiac Output Monitor Market by Technology
11.3.7.1.2 Australia Cardiac Output Monitor Market by Product
11.3.7.1.3 Australia Cardiac Output Monitor Market by Type
11.3.7.1.4 Australia Cardiac Output Monitor Market by End User
11.3.7.2 China Cardiac Output Monitor Market
11.3.7.2.1 China Cardiac Output Monitor Market by Technology
11.3.7.2.2 China Cardiac Output Monitor Market by Product
11.3.7.2.3 China Cardiac Output Monitor Market by Type
11.3.7.2.4 China Cardiac Output Monitor Market by End User
11.3.7.3 India Cardiac Output Monitor Market
11.3.7.3.1 India Cardiac Output Monitor Market by Technology
11.3.7.3.2 India Cardiac Output Monitor Market by Product
11.3.7.3.3 India Cardiac Output Monitor Market by Type
11.3.7.3.4 India Cardiac Output Monitor Market by End User
11.3.7.4 Japan Cardiac Output Monitor Market
11.3.7.4.1 Japan Cardiac Output Monitor Market by Technology
11.3.7.4.2 Japan Cardiac Output Monitor Market by Product
11.3.7.4.3 Japan Cardiac Output Monitor Market by Type
11.3.7.4.4 Japan Cardiac Output Monitor Market by End User
11.3.7.5 South Korea Cardiac Output Monitor Market
11.3.7.5.1 South Korea Cardiac Output Monitor Market by Technology
11.3.7.5.2 South Korea Cardiac Output Monitor Market by Product
11.3.7.5.3 South Korea Cardiac Output Monitor Market by Type
11.3.7.5.4 South Korea Cardiac Output Monitor Market by End User
11.3.7.6 Rest of Asia-Pacific Cardiac Output Monitor Market
11.3.7.6.1 Rest of Asia-Pacific Cardiac Output Monitor Market by Technology
11.3.7.6.2 Rest of Asia-Pacific Cardiac Output Monitor Market by Product
11.3.7.6.3 Rest of Asia-Pacific Cardiac Output Monitor Market by Type
11.3.7.6.4 Rest of Asia-Pacific Cardiac Output Monitor Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Cardiac Output Monitor Market Overview
11.4.2 Middle East and Africa Cardiac Output Monitor Market Forecasts and Analysis
11.4.3 Middle East and Africa Cardiac Output Monitor Market Forecasts and Analysis - By Technology
11.4.4 Middle East and Africa Cardiac Output Monitor Market Forecasts and Analysis - By Product
11.4.5 Middle East and Africa Cardiac Output Monitor Market Forecasts and Analysis - By Type
11.4.6 Middle East and Africa Cardiac Output Monitor Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa Cardiac Output Monitor Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Cardiac Output Monitor Market
11.4.7.1.1 South Africa Cardiac Output Monitor Market by Technology
11.4.7.1.2 South Africa Cardiac Output Monitor Market by Product
11.4.7.1.3 South Africa Cardiac Output Monitor Market by Type
11.4.7.1.4 South Africa Cardiac Output Monitor Market by End User
11.4.7.2 Saudi Arabia Cardiac Output Monitor Market
11.4.7.2.1 Saudi Arabia Cardiac Output Monitor Market by Technology
11.4.7.2.2 Saudi Arabia Cardiac Output Monitor Market by Product
11.4.7.2.3 Saudi Arabia Cardiac Output Monitor Market by Type
11.4.7.2.4 Saudi Arabia Cardiac Output Monitor Market by End User
11.4.7.3 U.A.E Cardiac Output Monitor Market
11.4.7.3.1 U.A.E Cardiac Output Monitor Market by Technology
11.4.7.3.2 U.A.E Cardiac Output Monitor Market by Product
11.4.7.3.3 U.A.E Cardiac Output Monitor Market by Type
11.4.7.3.4 U.A.E Cardiac Output Monitor Market by End User
11.4.7.4 Rest of Middle East and Africa Cardiac Output Monitor Market
11.4.7.4.1 Rest of Middle East and Africa Cardiac Output Monitor Market by Technology
11.4.7.4.2 Rest of Middle East and Africa Cardiac Output Monitor Market by Product
11.4.7.4.3 Rest of Middle East and Africa Cardiac Output Monitor Market by Type
11.4.7.4.4 Rest of Middle East and Africa Cardiac Output Monitor Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Cardiac Output Monitor Market Overview
11.5.2 South and Central America Cardiac Output Monitor Market Forecasts and Analysis
11.5.3 South and Central America Cardiac Output Monitor Market Forecasts and Analysis - By Technology
11.5.4 South and Central America Cardiac Output Monitor Market Forecasts and Analysis - By Product
11.5.5 South and Central America Cardiac Output Monitor Market Forecasts and Analysis - By Type
11.5.6 South and Central America Cardiac Output Monitor Market Forecasts and Analysis - By End User
11.5.7 South and Central America Cardiac Output Monitor Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Cardiac Output Monitor Market
11.5.7.1.1 Brazil Cardiac Output Monitor Market by Technology
11.5.7.1.2 Brazil Cardiac Output Monitor Market by Product
11.5.7.1.3 Brazil Cardiac Output Monitor Market by Type
11.5.7.1.4 Brazil Cardiac Output Monitor Market by End User
11.5.7.2 Argentina Cardiac Output Monitor Market
11.5.7.2.1 Argentina Cardiac Output Monitor Market by Technology
11.5.7.2.2 Argentina Cardiac Output Monitor Market by Product
11.5.7.2.3 Argentina Cardiac Output Monitor Market by Type
11.5.7.2.4 Argentina Cardiac Output Monitor Market by End User
11.5.7.3 Rest of South and Central America Cardiac Output Monitor Market
11.5.7.3.1 Rest of South and Central America Cardiac Output Monitor Market by Technology
11.5.7.3.2 Rest of South and Central America Cardiac Output Monitor Market by Product
11.5.7.3.3 Rest of South and Central America Cardiac Output Monitor Market by Type
11.5.7.3.4 Rest of South and Central America Cardiac Output Monitor Market by End User
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. CARDIAC OUTPUT MONITOR MARKET, KEY COMPANY PROFILES
13.1. GE HEALTHCARE
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. GETINGE AB
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. EDWARD LIFESCIENCES CORPORATION
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. BAXTER INTERNATIONAL INC
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. LIDCO GROUP PLC
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. ICU MEDICAL, INC
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. JUBILANT PHARMA
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. DELTEX MEDICAL GROUP PLC
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. OSYPKA MEDICAL GMBH
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. USCOM
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. GE Healthcare
2. Getinge AB
3. Edward Lifesciences Corporation
4. Baxter International Inc
5. LiDCO Group plc
6. ICU Medical, Inc
7. Jubilant Pharma
8. Deltex Medical Group plc
9. Osypka Medical GmbH
10. Uscom
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
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:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
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.
- 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.
- 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.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.