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The heart-lung machines market size is forecast to increase by USD 168.1 billion at a CAGR of 3.3% between 2023 and 2028.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The market is witnessing significant growth due to the increasing number of transplant surgeries in the geriatric population. These medical devices, which include pumps, oxygenators, and monitoring systems, play a crucial role in maintaining organ function during surgeries for conditions such as coronary artery disease, heart failure, valvular heart disease, and congenital heart diseases. Specialized cardiac centers are investing in advanced technology to improve clinical benefits and ensure patient safety during elective surgeries. Engineering innovations in heart-lung machines have led to the development of specialized features like single roller pumps, safety mechanisms, bubble detectors, air removal systems, pressure alarms, and occlusion sensors.
These technologies help prevent complications such as hemolysis, organ ischemia, and tissue damage during surgical procedures. Surgical volume is increasing due to infection control protocols and minimally invasive procedures like CABG surgeries, robotic-assisted surgeries, and transcatheter interventions. Hospitals and clinics are focusing on therapeutic outcomes to enhance patient visits and overall satisfaction. According to WHO data, the number of cardiac surgeries is projected to grow, driving the demand for heart-lung machines in the healthcare industry.
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The Hospitals segment was valued at USD 646.50 million in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Heart-lung machines, also known as cardiopulmonary bypass machines, play a crucial role in organ transplant surgeries and open-heart procedures. These advanced medical devices enable skilled medical professionals to perform complex surgeries, including heart valve replacements and implants, by taking over the functions of the heart and lungs during the procedure. With an increasing number of cardiovascular diseases and lung disorders, the demand for heart-lung machines in hospitals and healthcare facilities is on the rise. FDA clearance is mandatory for the use of these machines in healthcare systems. Open-heart surgeries, heart transplants, and lung transplants have become common treatments for organ failure caused by stress, unhealthy food habits, obesity, disrupted sleep cycles, and various diseases such as cardiac stroke.
Advanced techniques and healthcare centers offer respiratory failure treatment using heart-lung machines, ensuring the safety and well-being of patients. Cardiopulmonary bypass machines are essential tools for healthcare professionals during surgeries, enabling them to maintain optimal patient conditions while addressing complex medical issues. The use of these machines has significantly improved the success rates of implant procedures and disease diagnosis, reducing deaths and enhancing patient outcomes. Surgical centers and healthcare systems continue to invest in heart-lung machines to provide high-quality care to patients dealing with various heart and lung conditions.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increased medical tourism in Asia is the key driver of the market.
Portable heart-lung machines is the upcoming trend in the market.
Complications associated with CABG surgeries is a key challenge affecting the market growth.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The heart-lung machine market is witnessing significant growth due to the increasing number of transplant surgeries and elective surgeries, particularly in specialized cardiac centers. The geriatric population, with a higher prevalence of coronary artery disease, heart failure, valvular heart disease, and congenital heart diseases, is driving the demand for advanced medical devices. These devices include pumps, oxygenators, and monitoring systems used in heart-lung machines. Advanced technology, engineering, and clinical benefits are key factors contributing to the growth of the market. The use of single roller pumps, safety mechanisms such as bubble detectors and air removal systems, and pressure alarms and occlusion sensors are essential features of heart-lung machines.
Moreover, maintenance, calibration, and infection control protocols are critical aspects of using heart-lung machines. The surgical volume for cardiac surgeries, including CABG surgeries, minimally invasive procedures, robotic-assisted surgeries, and transcatheter interventions, is increasing, leading to a higher demand for these medical devices. The diagnosis and treatment of organ ischemia and tissue damage during surgeries are crucial for positive therapeutic outcomes. According to the World Health Organization (WHO), cardiovascular diseases account for approximately 17.9 million deaths annually. This data highlights the importance of heart-lung machines in maintaining organ function during surgeries and ensuring patient safety. Hospitals and clinics are investing in these devices to improve patient care and surgical outcomes.
Market Scope |
|
Report Coverage |
Details |
Page number |
167 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.3% |
Market growth 2024-2028 |
USD 168.1 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.1 |
Key countries |
US, Germany, China, France, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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