Cardiopulmonary Bypass Equipment Market Is Anticipated To Witness Moderate Growth Owing To Rising Cardiovascular Diseases

Cardiopulmonary bypass equipment are devices used to oxygenate and pump blood throughout the body during certain types of open-heart surgery and high-risk percutaneous coronary intervention (PCI). These devices comprise oxygenators, centrifugal pumps, roller pumps, and others. The cardiopulmonary bypass equipment helps maintain circulation during surgeries by taking over the functions of the heart and lungs. This allows the heart to be stopped temporarily for certain procedures. The growing prevalence of cardiovascular diseases such as heart failure, coronary heart disease, and strokes has increased the demand for cardiopulmonary surgeries requiring bypass equipment.

The Global Cardiopulmonary Bypass Equipment Market is estimated to be valued at US$ 138.26 Mn in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the Cardiopulmonary Bypass Equipment market are Dow, Henkel, BASF, Nordson, LORD Corporation, H.B. Fuller, Siltech Corporation, Qualcomm, Broadcom, Skyworks Solutions, Qorvo. Key players are focusing on new product launches and geographical expansion to meet the growing needs of the global market. For instance, in 2020, Terumo Corporation launched a new closed-circuit cardiopulmonary bypass (CPB) system – RevolutionTM Evora CX. The new system streamlines setup, improves usability, and enhances procedural confidence.

The rising cases of cardiovascular diseases, technological advancements, and growing demand for minimally invasive surgeries are expected to drive market growth over the forecast period. Governments across various countries are undertaking various initiatives to spread awareness about cardiovascular diseases. This is further expected to increase the demand for cardiopulmonary bypass surgeries and equipment. However, the high cost of bypass equipment and procedures, shortage of skilled professionals, and complications associated with cardiopulmonary bypass surgeries are some of the factors restraining market growth.

Market Drivers and Restraints

Rising prevalence of cardiovascular diseases is a major growth driver for the cardiopulmonary bypass equipment market. According to the World Health Organization (WHO), cardiovascular diseases are the leading cause of death globally, taking an estimated 17.9 million lives each year. The increasing incidence of conditions such as heart attack, heart failure, and strokes has significantly boosted demand for cardiopulmonary bypass procedures, thereby propelling market revenue growth. However, the high cost of bypass equipment and procedures limits widespread adoption, particularly in developing nations. Bypass surgeries require expensive devices and infrastructure which is a major financial burden for many. Additionally, intraoperative and postoperative complications associated with cardiopulmonary bypass also negatively impact the market to a certain extent. A shortage of trained surgeons and healthcare professionals to perform such specialized procedures poses challenges from a supply side perspective.

Segment Analysis

The Cardiopulmonary Bypass Equipment Market Growth is dominated by the heart-lung machines segment. Heart-lung machines or cardiopulmonary bypass machines are major equipment used during open-heart surgery to provide essential functions of the heart and lungs temporarily. They allow the heart to be stopped, and blood to be oxygenated outside of the body and pumped through the circulatory system. Being an indispensable equipment for bypass surgeries, the demand for heart-lung machines is much higher than other segments like oxygenators, pumps, and cannulae. This makes heart-lung machines the dominating sub-segment in the cardiopulmonary bypass equipment market.

Global Analysis

The North America region dominates the cardiopulmonary bypass equipment market currently. This is attributed to factors such as rising geriatric population, increasing prevalence of cardiovascular diseases, technical advancements in bypass equipment, and good healthcare infrastructure. Moreover, the presence of key players in countries like the US is boosting market growth in North America. However, the Asia Pacific region is expected to grow at the fastest rate during the forecast period. Rapidly developing healthcare infrastructure, rising medical tourism, surge in disposable incomes, and growing awareness about heart disorders are fueling market expansion in Asia Pacific.

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