IMARC Group’s latest report, titled “Artificial Heart-Lung Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on Artificial Heart-Lung Machine industry size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global artificial heart-lung machine market size reached US$ 270.6 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 339.5 Million by 2027, exhibiting a growth rate (CAGR) of 3.77% during 2022-2027.
An artificial heart-lung machine also referred to as an oxygenator pump or cardiopulmonary bypass (CPB), is used during heart and lung transplants, coronary artery bypass, and other cardiac surgeries. It temporarily performs functions to enable the surgeon to operate in motion and bloodless surgical field. Artificial heart-lung machines consist of a chamber that receives blood, which is then circulated and oxygenated to all body parts. These pumps have assisted in making significant advances in managing severe respiratory failure and in the field of cardiac surgeries. As a result, artificial heart-lung machine finds widespread applications across hospitals, clinics, ambulatory surgical centers, etc.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Artificial Heart-Lung Machine Market Trends:
The escalating prevalence of cardiovascular diseases and organ failures, owing to the various environmental and lifestyle changes, is primarily driving the artificial heart-lung machine market. Besides this, the launch of several policies by the government bodies to provide improved healthcare facilities to the patients is further augmenting the market growth. Moreover, the growing popularity of modular artificial heart-lung machines that are cost-effective, safe, and user-friendly is also catalyzing the global market. Apart from this, the rising research and development (R&D) activities to modernize the current models of oxygenator pumps are acting as significant growth-inducing factors. Furthermore, the elevating requirement for this device to offer flexibility to doctors as it is portable and can be operated on rechargeable batteries is expected to bolster the artificial heart-lung machine market in the coming years.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Medtronic Inc
- Sorin Group
- MAQUET GmbH & Co. KG
- Terumo Corporation
- R. Bard Inc
- Tianjin Medical
- Edwards Lifesciences
- Jarvik Heart
- Braile Biomédica
- SynCardia
Artificial Heart-Lung Machine Market Segmentation:
Our report has categorized the market based on region, type, application and end use industry.
Market Breakup by Type:
- Single Roller Pump
- Double Roller Pump
Market Breakup by Application:
- Cardiac Surgeries
- Lung Surgeries
- Acute Respiratory Failure Treatment
- Others
Market Breakup by End User:
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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