Market Overview:
Cardiopulmonary bypass equipment is used during cardiac surgeries to temporarily take over the function of heart and lungs. It allows surgeons to operate on a still, empty heart during cardiac surgeries. The core components of cardiopulmonary bypass equipment include oxygenators, centrifugal pumps, roller pumps, venous reservoirs, filters, and cannulae. Oxygenators circulate and oxygenate blood, pumps circulate blood through the system, reservoirs hold blood, filters remove micro-emboli, and cannulae carry blood to and from blood vessels. Cardiopulmonary bypass equipment provides reliable support for cardiac and pulmonary functions during procedures including coronary artery bypass grafting, heart transplantation, and repair of congenital defects. The rising prevalence of cardiovascular diseases and growing geriatric population are major factors driving the demand for cardiopulmonary bypass equipment.
Market key trends:
One of the key trends in the cardiopulmonary bypass equipment market is the growing adoption of miniaturized cardiopulmonary bypass systems. Conventional cardiopulmonary bypass systems are voluminous and require large priming volumes that raise the risk of adverse events such as hemodilution and post-operative bleeding. Miniaturized systems address these drawbacks by reducing priming volumes to less than half of conventional systems. They are smaller, lighter, and more portable compared to traditional systems. Their small surface area also reduces the activation of blood components. Moreover, miniaturized systems enable off-pump procedures to be performed using minimal extracorporeal circulation. Their increasing adoption is expected to support market growth over the forecast period.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is low in the cardiopulmonary bypass equipment market due to high capital requirement and presence of established players.
Bargaining power of buyers: The bargaining power of buyers is high as there are numerous players providing cardiopulmonary bypass equipment in the market.
Bargaining power of suppliers: The bargaining power of suppliers is moderate due to availability of substitutes.
Threat of new substitutes: The threat of new substitutes is moderate as minimal invasive techniques can be used as alternative for cardiopulmonary bypass equipment.
Competitive rivalry: Competition in the market is high among the key players.
The global Cardiopulmonary Bypass Equipment Market Demand is estimated to be valued at US$ 120.01 Mn 2023 and is expected to exhibit a CAGR of 1.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Key Takeaways
The global cardiopulmonary bypass equipment market is expected to witness high growth, exhibiting CAGR of 1.7% over the forecast period, due to increasing prevalence of cardiac disorders. The market size for 2023 is US$ 120.01 Mn.
Regional analysis related content comprises Regional analysis: North America dominates the global cardiopulmonary bypass equipment market owing to growing geriatric population suffering from chronic heart diseases. Asia Pacific exhibits the fastest growth in the market attributed to rising healthcare expenditure and improved accessibility to healthcare services in the region.
Key players operating in the cardiopulmonary bypass equipment are Medtronic Plc, LivaNova PLC, MAQUET Holding B.V. & Co. KG., Terumo Corporation, Braile Biomedica, and Tianjin Medical. Medtronic Plc dominates the market with its wide range of innovative cardiopulmonary bypass equipment.
For more insights, read-
In this report, we analyze the Cardiopulmonary Bypass Equipment industry from two aspects.
One part is about its production and the other part is about its consumption.
In terms of its production, we analyze the production, revenue, gross margin of its main manufacturers and the unit price that they offer in different regions from 2014 to 2019.
In terms of its consumption, we analyze the consumption volume, consumption value, sale price, import and export in different regions from 2014 to 2019.
We also make a prediction of its production and consumption in coming 2019-2024.At the same time, we classify different Cardiopulmonary Bypass Equipment based on their definitions.
What is more, the Cardiopulmonary Bypass Equipment industry development trends and marketing channels are analyzed.Request a sample of this report @ https://www.orbisresearch.com/contacts/request-sample/3229694 Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered.Key players in global Cardiopulmonary Bypass Equipment market include:SorinMAQUETMedtronicTerumoBraile BiomedicaTianjin MedicalMarket segmentation, by product types:Single Roller Pump Cardiopulmonary Bypass EquipmentDouble Roller Pump Cardiopulmonary Bypass EquipmentBrowse the complete report @ https://www.orbisresearch.com/reports/index/global-cardiopulmonary-bypass-equipment-industry-market-research-2019Market segmentation, by applications:Cardiac SurgeryLung Transplant OperationAcute Respiratory Failure TreatmentOtherMarket segmentation, by regions:North AmericaEuropeAsia PacificMiddle East & AfricaLatin AmericaThe report can answer the following questions:What is the global (North America, South America, Europe, Africa, Middle East, Asia, China, Japan) production, production value, consumption, consumption value, import and export of Cardiopulmonary Bypass Equipment?Who are the global key manufacturers of Cardiopulmonary Bypass Equipment industry?
