The global Cardiopulmonary Bypass Equipment Market is estimated to be valued at US$ 120.01 Mn or in 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.
Market Overview:
Cardiopulmonary bypass equipment are devices used during open heart surgeries to temporarily take over the function of the heart and lungs and reroute the patient's blood circulation. The devices oxygenate and pump the blood allowing the heart to be stopped while surgery is performed.
Market key trends:
Advancements in telemetry has been a key trend in the cardiopulmonary bypass equipment market. Telemetry enable remote monitoring of patients physiological parameters during bypass procedures. This allows early detection of changes and interventions during surgery reducing complication risks. Integrating telemetry with digital platforms further enables monitoring from any location, data analytics and automated alerts.
Here is the segment analysis and key takeaways for the given Cardiopulmonary Bypass Equipment market:
Segment Analysis
The cardiopulmonary bypass equipment market is segmented by product type into heart-lung machines, oxygenators, pumps, cannulae, monitoring and analyzing systems, and others. The heart-lung machines segment dominates the market as these machines are the core component of cardiopulmonary bypass procedures, pumping and oxygenating blood outside the body to allow surgeons to operate on the heart.
Key Takeaways
The global cardiopulmonary bypass equipment market is expected to witness high growth, exhibiting a CAGR of 1.7% over the forecast period, due to increasing prevalence of cardiovascular diseases.
Regional analysis
North America is expected to be the fastest growing region in the cardiopulmonary bypass equipment market owing to well-developed healthcare infrastructure and rising geriatric population susceptible to heart diseases in the region. Asia Pacific is also expected to see significant growth due to growing medical tourism industry and developing healthcare facilities.
Key players
Key players operating in the cardiopulmonary bypass equipment market are Medtronic Plc, LivaNova PLC, MAQUET Holding B.V. & Co. KG., Terumo Corporation, Braile Biomedica, and Tianjin Medical. Medtronic and LivaNova hold a major share of the market due to their diverse product portfolio and global presence.
Read more: https://www.ukwebwire.com/cardiopulmonary-bypass-equipment-market-insights-trends/
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