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Heart-Lung Machine Market

: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025

 Global Heart-Lung Machine Market: By Product Type (Double Roller Pump, Single Roller Pump), By Application (Acute Respiratory Failure Treatment, Lung Transplantation Operations, Cardiac Surgery, Others), By Distribution Channel (Hospitals, Clinics, Others), and Geography

 

Global heart-lung machine market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) from 2018 to 2024.

 

Global Heart-Lung Machine Market

 

Market Outline: Global Heart-Lung Machine Market

Heart-lung machine acts as a cardiopulmonary bypass that support the functioning of both heart and lungs during the open heart surgery. Heart-lung machine contains a chamber that receives the deoxygenated blood from body, oxygenates it, and supplies to all parts of body. These are most commonly used in coronary bypass heart surgery. Heart-lung machine is connected to patients with a series of tubes that are removed after the surgery when lungs and heart resume its functions.

 

Market Dynamics: Global Heart-Lung Machine Market

Increase in global geriatric population coupled with rise in prevalence of cardiovascular devices are anticipated to propel the global heart-lung machines market. Moreover, rise in awareness about the cardiovascular devices, increase in the R&D expenditure for the development of technologically advanced devices, sophisticated healthcare infrastructure, government initiations to rise in awareness about cardiovascular diseases among the people, and grow in healthcare expenditure are anticipated to surge the global heart-lung machine market over the forecast years. However, stringent regulations for the product approval, dearth of skilled professionals in the underdeveloped countries, less life-cycle of the products are dampen the growth of global heart-lung machine market.

 

Market Scope: Global Heart-Lung Machine Market

Global heart-lung machine market is segmented based on product type, application, and end user

Based on product type, market is segmented into the following:

  • Double Roller Pump
  • Single Roller Pump

Based on the application, market is segmented into the following:

  • Acute Respiratory Failure Treatment
  • Lung Transplantation Operations
  • Cardiac Surgery
  • Others

Based on the end user, the market is segmented into the following:

  • Hospitals
  • Clinics
  • Others

Geography

North America

  • US
  • Canada

Europe

  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe

Asia-Pacific

  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Venezuela
  • Rest of Latin America

Middle East and Africa (MEA)

  • Gulf Cooperation Council (GCC) Countries
  • Israel
  • South Africa

Rest of MEA

Regional Analysis: Global Heart-Lung Machine Market

Geographically, global heart-lung machine market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America heart-lung machine market is poised to grow due to rise in prevalence of cardiovascular disorders, increase in number of lung transplantation surgeries, and sophisticated healthcare infrastructure are fuel the market. Europe heart-lung machine market is driving by rise adoption of technologically advanced medical devices in the region, presence of huge number of market players, and increase in the R&D activities for the development of newer products are bolster the market. Asia Pacific heart-lung machine market has prominent share attributed to increase in the medical tourism in Asia Pacific region, rise in geriatric population in India, China, and Japan, and government initiations to increase the awareness about the cardiovascular disorders enhance the revenue of market

 

Competition Assessment: Global Heart-Lung Machine Market

Some of the players in the global heart-lung machine market include:

  • Medtronic plc (Ireland)
  • R. Bard, Inc. (U.S.)
  • MAQUET GmbH & Co. KG. (Germany)
  • Terumo Corporation (Japan)
  • Sorin Group (Italy)
  • Edward Lifesciences (U.S.)
  • SynCardia Systems, LLC (U.S.)
  • Braile Biomedica (Brazil)
  • LivaNova plc (UK)
  • Jarvik Heart, Inc. (U.S.)
    
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