Perfusion Systems Market Latest Study on Segmentation Analysis, Leading Players and Industry Trends Forecast to 2029
A reliable Perfusion Systems Market Research Report makes available fluctuations in CAGR values during the forecast period of 2022-2029 for the market. The competitive landscape section of the report highlights a clear insight about the market share analysis of major industry players. This market report offers all-inclusive study about production capacity, consumption, import and export for all the major regions across the world. According to this marketing report, the global market is anticipated to witness a moderately higher growth rate during the forecast period. With the proper use of excellent practice models and brilliant method of research, an outstanding Global Perfusion Systems market report is generated which aids businesses to unearth the greatest opportunities to prosper in the market.
In order to treat patients with cardiac and respiratory disorders surgically, perfusion devices are employed to bypass cardiopulmonary systems. When the heart and lungs are unable to carry out the process of blood oxygenation, perfusion devices such as heart-lung machines give oxygen and remove carbon dioxide.
Oxygenators accounts for the largest component segment in the perfusion systems market due to the growing prevalence of cardiopulmonary failure. Data Bridge Market Research analyses that the perfusion systems market was valued at USD 1,198.8 million in 2021 and is further estimated to reach USD 60.50 million by 2029, and is expected to grow at a CAGR of 4.4% and at a during the forecast period of 2022 to 2029.
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The process of providing oxygenated blood to the body’s tissues is known as perfusion. Perfusion systems are commonly used in organ transplant surgeries because they assist in the replacement of the organ’s function by pumping blood throughout the body.
Perfusion Systems Market Dynamics
Major factors that are expected to boost the growth of the perfusion systems market in the forecast period are as follows:
Drivers
- Rise in the Incidence of Cardiovascular and Respiratory Diseases
Cardiovascular illnesses are one of the most common causes of death worldwide. They are responsible for over 9.4 million fatalities per year. Hypertension is becoming more common, which is a major risk factor for cardiovascular disease and stroke will further accelerate the market growth.
- Growing Healthcare Expenditure
The market is growing due to an increase in the number of organ donors, increased healthcare spending, and favourable healthcare legislation.
- Constant Product Advancement
In the coming years, the expanding number of system distributors and dealers is expected to strengthen market growth for perfusion systems.
Some of the major players operating in the perfusion systems market are:
- Getinge AB (Sweden)
- Medtronic PLC (US)
- Livanova PLC (UK)
- Terumo Corporation (Japan)
- Nipro Corporation (Japan)
- Xenios AG (Germany)
- Repligen Corporation (US)
- Spectrum Laboratories, Inc. (US)
- Merck KGaA (Germany)
- Harvard Bioscience, Inc. (US)
- ALA Scientific Instruments, Inc. (US)
- Lifeline Scientific (US)
- Xvivo Perfusion AB (Sweden)
- General Electricals Inc (US)
- Hitachi Ltd (Japan)
- Koninkliijike Philips N.V. (Netherlands)
- Samsung Electronics Co, Ltd. (South Korea)
- Shimadzu Corporation (Japan)
- Siemens (US)
- Toshiba Corporation (Japan)
- Accuray Incorporated (US)
- Xvivo Perfusion (Sweden)
Global Perfusion Systems Market Scope and Market Size
The perfusion systems market is segmented on the basis of component, type and technique. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Heart-lung Machines
- Perfusion Pumps
- Oxygenators
- Monitoring Systems
- Cannulas
On the basis of component, the perfusion systems market is segmented into heart-lung machines, perfusion pumps, oxygenators, monitoring systems, cannulas.
Type
- Bioreactor Perfusion Systems
- Microfluidic Perfusion Systems
- Gravity or Pressure-Driven Perfusion Systems
- Small-Mammal Organ Perfusion Systems
On the basis of type, the perfusion systems market is segmented into bioreactor perfusion systems, microfluidic perfusion systems, gravity or pressure-driven perfusion systems and small-mammal organ perfusion systems.
Technique
- Hypothermic Machine Perfusion
- Normothermic Machine Perfusion
On the basis of technique, the perfusion systems market is segmented into hypothermic machine perfusion, normothermic machine perfusion.
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The research examines the characteristics of the target market, as well as recent developments and patterns, industry opportunities, growth rates, sector expansion strategies, and emerging technologies. The Perfusion Systems market research report offered a very useful resource that can help stakeholders, manufacturers, decision-makers, and market participants to become familiar with all the factors impacting the growth of the global market. The report includes SWOT, and market analyses to provide a deep and clear understanding of aspects of the Perfusion Systems market.
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