Perfusion Systems Market: Cardiac perfusion systems were used to momentarily replace the functions of the heart during cardiac surgeries.
Perfusion Systems Market Size and Market Growth:
Perfusion Systems Market is worth USD 1.13 billion in 2018 and estimated to grow at a CAGR of 3.4%, to reach USD 1.34 billion by 2023.
Perfusion Systems Market Overview:
Perfusion Systems market is developing at an exceptionally quick pace. Cardiac perfusion systems were used to momentarily replace the functions of the heart during cardiac surgeries. The cardiac perfusion system market is broadly segmented into oxygenation systems, autotransfusion systems, hemoconcentrators, heat transfer systems, tubings, reservoirs, heart-lung machines, myocardial protection systems, arterial filters, blood monitoring systems, and cannulae, and others.
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Perfusion Systems Market Drivers and Restraints:
The crucial factor driving the growth of this market is increasing number of cardiac surgeries. Growing prevalence of cardiac and lung diseases in developed as well as developing further propels the growth of this market. Though, inadequate number of well-trained surgeons in emerging nations, unstable reimbursement policies, and stiff competition from local players with low cost products are hinders the growth of this market.
Report segmented as
- Heart-lung Machines
- Perfusion Pumps
- Monitoring Systems
- Other Components
- Bioreactor Perfusion Systems
- Microfluidic Perfusion Systems
- Gravity/Pressure-driven Perfusion Systems
- Small-mammal Organ Perfusion Systems
- Hypothermic Machine Perfusion Systems
- Normothermic Machine Perfusion Systems
Perfusion Systems Market Geographical Analysis:
Geographically, the Perfusion Systems market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East Asia. North America is estimated to constitute the largest share in this market, while the Asia Pacific region is expected to witness the fastest growth and overtake North America, being the second largest shareholder for the market during the forecast period.
Perfusion Systems Market Key Players:
Getinge AB (Sweden), Medtronic plc (Ireland), LivaNova PLC (U.K.), Terumo Corporation (Japan), XENIOS AG (Germany) , Repligen Corporation (U.S.), Spectrum Laboratories, Inc. (U.S.), Merck KGaA (Germany), Harvard Bioscience, Inc. (U.S.), and ALA Scientific Instruments, Inc. (U.S.)are the leaders in the global Perfusion Systems market.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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