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Heart Failure POC and LOC Devices Market Size
- Report ID: GMI9564
- Published Date: May 2024
- Report Format: PDF
Heart Failure POC and LOC Devices Market Size
Heart failure POC and LOC Devices Market size was valued at around USD 91.7 million in 2023 and is estimated to grow at 16.4% CAGR from 2024 to 2032. Heart failure POC (Point-of-Care) and LOC (Low-oxygen concentration) devices are medical devices designed to assist in the diagnosis, monitoring, and management of heart failure, a chronic condition characterized by the heart's inability to pump blood effectively. These devices are intended for use at the point of care, such as clinics, hospitals, or home settings, to provide rapid and convenient assessment of heart function and oxygenation status.
The advancement in diagnostic technologies is a significant driver for the heart failure POC and LOC devices market. For instance, National Institutes of Health, in 2023, paper-based microfluidics offers inherent microfluidic benefits along with the performance of lateral flow strips. Further, chemiluminescence techniques on paper microfluidics can perform multiplexed analysis of antibodies like cardiac troponin I (cTnI), heart-type fatty acid-binding protein (H-FABP), and copeptin for acute myocardial infarction diagnosis.
Moreover, increasing use of heart pump devices (market size is estimated to account for USD 9.2 billion by the end of year 2032), rising adoption of prosthetic heart valves, advancement in structural heart devices, rising healthcare expenditure globally, government initiatives and funding, and increasing education & awareness, are the stretching factors advancing the growth of the market.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Heart Failure POC and LOC Devices Market Size in 2023: | USD 91.7 Million |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 16.4% |
| 2024 – 2032 Value Projection: | USD 343.8 Million |
| Historical Data for: | 2021 – 2023 |
| No. of Pages: | 160 |
| Tables, Charts & Figures: | 221 |
| Segments covered: | Test Type, Technology, End-use, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Heart Failure POC and LOC Devices Market Scope
