Heart-lung Machines Market by End-user, Application and Geography - Forecast and Analysis 2023-2027

Published: Feb 2023 Pages: 161 SKU: IRTNTR45350

Heart-lung Machines Market Forecast 2023-2027

The heart-lung machines market is estimated to grow by USD 195.04 million at a CAGR of 3.89% between 2022 and 2027. 

The expansion of the market relies on multiple elements, encompassing the rising popularity of medical tourism in Asia, a surge in the number of ASCs, and awareness campaigns undertaken by organizations. While there are several factors driving market growth, the occurrence of complications linked to CABG surgeries poses a significant obstacle that could impede market progress. However, advancements in the market, such as the introduction of portable, are anticipated to have a favorable influence on market growth.

What will be the size of the Heart-lung Machines Market During the Forecast Period?

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Key Drivers, Trends, Challenges, and Customer Landscape

Our researchers analyzed the data with 2022 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.

Key Market Driver

The increased medical tourism in Asia is one of the key factors driving the growth of the global market. The prevalence of CVDs (Cardiovascular diseases) in Asia, owing to changing lifestyles in emerging economies such as China and India, has increased the demand for cardiac surgeries. The rise in healthcare expenditure, a growing number of hospitals, improved infrastructure of healthcare facilities, availability of highly skilled medical professionals, and increasing affordability of overall healthcare services are the major factors attracting people from overseas to travel to Asian countries.

These countries offer advanced treatment procedures at minimal costs in comparison to those in developed countries across North America and Europe. These affordable healthcare services available in Asia attract patients from developed countries such as the UK, Canada, and the US. The cost of various medical and surgical procedures is expensive in developed economies, which will, in turn, fuel the artificial heart lung machine market growth.

Significant Market Trend

The portable heart-lung machine will fuel the market growth. They weigh less and occupy less space in operating rooms, unlike conventional. However, these machines are expensive compared to conventional. To reduce the financial burden on hospitals, companies have developed portable machines that can operate through a rechargeable battery and can be transported to any part of the hospital. These portable machines help physicians provide extracorporeal circulation to patients who are in a critical stage during any emergency period, either in an ambulatory setting or in operating rooms.

Several companies are developing portable; MAQUET (a part of Getinge Group) offers the CARDIOHELP System, one of the smallest portable machines in the world, which was received well in European countries such as Germany and the UK. Hemovent, a German company, offers one of the first smallest self-contained and portable. Such innovations will encourage companies to develop new technologies, which will lead to market growth.

Major Market Challenge

The complications associated with CABG surgeries are a major challenge for the global market growth. During CABG surgery, blood is transported through a heart-lung machine as the physician stops the heart. As the blood goes through PVC tubes, it comes in contact with artificial compounds, which can lead to post-surgery complications such as infection, arrhythmia, kidney stress, and the release of cytokines, causing irritation and inflammation. The tubes that are used for the transportation of blood are rigid, and while transferring blood through the heart-lung machine can rupture cells forming blood clots, which through the oxygenator can enter the body leading to complications.

Because of the complications associated with such surgeries, people can opt for procedures such as minimally invasive bypass surgery, which can affect market growth.  Furthermore, most patients who go through heart bypass surgery can experience long-term memory loss and cognitive problems, which are considered the after-effects of using. Such surgeries take a long time, as much as four hours. The long duration can lead to pump head syndrome, which includes temporary memory loss, impaired vision, and slurred speech.

Key Market Customer Landscape

The market research 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 report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Heart-lung Machines Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Axiomtek-medical- The company offers CEM313, and PICO512. Also, they focus on designing and manufacturing industrial computers and embedded fields, for health care and medical devices.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • Braile Biomedica
  • Edwards Lifesciences Corp.
  • ELITE LIFECARE
  • Eurosets Srl
  • Fresenius Medical Care AG and Co. KGaA
  • Getinge AB
  • Heart Care India Co.
  • Hemovent GmbH
  • Jarvik Heart Inc.
  • Koninklijke Philips NV
  • LivaNova Plc
  • Medtronic Plc
  • Nipro Corp.
  • Palex Medical SA
  • RAUMEDIC AG

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.

What is the Fastest-Growing Segment in the Market?

The market share growth by the hospital segment will be significant during the forecast period. Diagnosis and monitoring of cardiac events are carried out in outpatient settings in hospitals. The sales will increase slowly in hospitals due to a rise in the number of heart surgeries. Mid-sized hospitals have 200-300 beds and function on a limited budget. Unlike large hospitals, the administration is often decentralized in mid-sized hospitals. The number of mid-sized hospitals is high compared to large hospitals, and they are easily accessible, which will increase sales in mid-sized hospitals. Thus, the increasing number of hospitals may positively impact the growth of the global market during the forecast period.

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The hospitals segment was valued at USD 622.13 million in 2017 and continued to grow by 2021. Large hospitals include multispecialty hospitals and hospital groups, which are usually run by government sponsorship or owned by private entities. These hospitals have a sufficient number of hospital beds and advanced medical infrastructure and offer a large number of in-patient and outpatient services. They procure medical products and consumables in bulk at low prices and engage closely with many suppliers. Increasing patient pool, rising healthcare expenditure, the use of advanced and sophisticated equipment, and the availability of skilled healthcare professionals are the major factors contributing to the growth of the hospital segment in the global market.

Which are the Key Regions for the Market?

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North America is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Growing incidences and prevalence of CVDs, rise in the number of surgical procedures for CVDs, increasing healthcare expenditure, technological advances, rise in the geriatric population, and the presence of prominent companies drive the growth of the market in North America.

CVDs are one of the most prevalent chronic diseases among people in North America. According to the data published by the Centers for Disease Control and Prevention (CDC) in September 2020, coronary heart disease is the most common type of CVD, which leads to the death of more than 370,000 people each year in the US. Patients with such CVDs are at a high risk of cardiac failure. Hence, the high incidence of such CVD increases the need for surgical procedures as a part of the therapy and drives the demand for advanced equipment in North America.

Moreover, the market is favored by the presence of several global and local companies, which it offers advanced, innovative, and high-quality and related accessories. Hence, the easy availability and their accessories are likely to contribute to the market growth in this region during the forecast period.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the market growth and trends opportunities from 2017 to 2027. 

  • End-User Outlook (USD Million, 2017 - 2027)
    • Hospitals
    • ASCs
  • Application Outlook (USD Million, 2017 - 2027)
    • Heart surgery
    • Heart failure
    • Lung surgery
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • Asia
      • China
      • India
    • ROW
      • Argentina
      • Australia
      • Rest of the world

Market Analyst Overview

The market is crucial for treating cardiovascular diseases (CVD), which affect the heart and lungs. These machines, such as CPB machines, play a vital role in surgeries for conditions like heart attacks and heart vessel disease. Technological advancements have led to innovative products like the Essenz Heart-Lung Machine (HLM) and the Essenz Patient Monitor, which improve healthcare accessibility for patients requiring complex surgeries.

Key components of these machines include oxygenators and monitoring for factors like carbon dioxide levels, crucial for the lungs' respiratory function. Products like the Vitasprings Spiral Diversion Integrated Membrane Oxygenator enhance the efficiency of procedures like coronary artery bypass grafting (CABG) and heart valve surgeries. The market continues to evolve, driven by the need for advanced solutions in cardiovascular care.

Heart-lung Machines Market Scope

Report Coverage

Details

Page number

161

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.89%

Market growth 2023-2027

USD195.04 million

Market structure

Fragmented

YoY growth 2022-2023(%)

3.08

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 36%

Key countries

US, Germany, France, China, and Japan

Competitive landscape

 Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks

Key companies profiled

Axiomtek, Braile Biomedica, Edwards Lifesciences Corp., ELITE LIFECARE, Eurosets Srl, Fresenius Medical Care AG and Co. KGaA, Getinge AB, Heart Care India Co., Hemovent GmbH, Jarvik Heart Inc., Koninklijke Philips NV, LivaNova Plc, Medtronic Plc, Nipro Corp., Palex Medical SA, RAUMEDIC AG, Saati SpA, SONOTEC GmbH, SynCardia Systems LLC, and Terumo Group

Market dynamics

Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global heart-lung machines market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global heart-lung machines market 2017 - 2021 ($ million)
    • 4.2 End-user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Hospitals - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Hospitals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Hospitals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Hospitals - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Hospitals - Year-over-year growth 2022-2027 (%)
    • 6.4 ASCs - Market size and forecast 2022-2027
      • Exhibit 38: Chart on ASCs - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on ASCs - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on ASCs - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on ASCs - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by End-user
      • Exhibit 42: Market opportunity by End-user ($ million)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 43: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 45: Chart on Comparison by Application
      • Exhibit 46: Data Table on Comparison by Application
    • 7.3 Heart surgery - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Heart surgery - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Data Table on Heart surgery - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Chart on Heart surgery - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Heart surgery - Year-over-year growth 2022-2027 (%)
    • 7.4 Heart failure - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Heart failure - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Heart failure - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Heart failure - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Heart failure - Year-over-year growth 2022-2027 (%)
    • 7.5 Lung surgery - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Lung surgery - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Lung surgery - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Lung surgery - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Lung surgery - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Application
      • Exhibit 59: Market opportunity by Application ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 63: Chart on Geographic comparison
      • Exhibit 64: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 Asia - Market size and forecast 2022-2027
      • Exhibit 73: Chart on Asia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on Asia - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on Asia - Year-over-year growth 2022-2027 (%)
    • 9.6 Rest of World (ROW) - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
    • 9.7 US - Market size and forecast 2022-2027
      • Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.8 Germany - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 France - Market size and forecast 2022-2027
      • Exhibit 93: Chart on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 Market opportunity by geography
      • Exhibit 101: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 102: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 104: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 105: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 106: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 107: Matrix on vendor position and classification
            • 12.3 Axiomtek
              • Exhibit 108: Axiomtek - Overview
              • Exhibit 109: Axiomtek - Product / Service
              • Exhibit 110: Axiomtek - Key offerings
            • 12.4 Braile Biomedica
              • Exhibit 111: Braile Biomedica - Overview
              • Exhibit 112: Braile Biomedica - Product / Service
              • Exhibit 113: Braile Biomedica - Key offerings
            • 12.5 Edwards Lifesciences Corp.
              • Exhibit 114: Edwards Lifesciences Corp. - Overview
              • Exhibit 115: Edwards Lifesciences Corp. - Business segments
              • Exhibit 116: Edwards Lifesciences Corp. - Key offerings
              • Exhibit 117: Edwards Lifesciences Corp. - Segment focus
            • 12.6 ELITE LIFECARE
              • Exhibit 118: ELITE LIFECARE - Overview
              • Exhibit 119: ELITE LIFECARE - Product / Service
              • Exhibit 120: ELITE LIFECARE - Key offerings
            • 12.7 Eurosets Srl
              • Exhibit 121: Eurosets Srl - Overview
              • Exhibit 122: Eurosets Srl - Product / Service
              • Exhibit 123: Eurosets Srl - Key offerings
            • 12.8 Fresenius Medical Care AG and Co. KGaA
              • Exhibit 124: Fresenius Medical Care AG and Co. KGaA - Overview
              • Exhibit 125: Fresenius Medical Care AG and Co. KGaA - Business segments
              • Exhibit 126: Fresenius Medical Care AG and Co. KGaA - Key news
              • Exhibit 127: Fresenius Medical Care AG and Co. KGaA - Key offerings
              • Exhibit 128: Fresenius Medical Care AG and Co. KGaA - Segment focus
            • 12.9 Getinge AB
              • Exhibit 129: Getinge AB - Overview
              • Exhibit 130: Getinge AB - Business segments
              • Exhibit 131: Getinge AB - Key news
              • Exhibit 132: Getinge AB - Key offerings
              • Exhibit 133: Getinge AB - Segment focus
            • 12.10 Heart Care India Co.
              • Exhibit 134: Heart Care India Co. - Overview
              • Exhibit 135: Heart Care India Co. - Product / Service
              • Exhibit 136: Heart Care India Co. - Key offerings
            • 12.11 Hemovent GmbH
              • Exhibit 137: Hemovent GmbH - Overview
              • Exhibit 138: Hemovent GmbH - Product / Service
              • Exhibit 139: Hemovent GmbH - Key offerings
            • 12.12 Jarvik Heart Inc.
              • Exhibit 140: Jarvik Heart Inc. - Overview
              • Exhibit 141: Jarvik Heart Inc. - Product / Service
              • Exhibit 142: Jarvik Heart Inc. - Key offerings
            • 12.13 LivaNova Plc
              • Exhibit 143: LivaNova Plc - Overview
              • Exhibit 144: LivaNova Plc - Business segments
              • Exhibit 145: LivaNova Plc - Key offerings
              • Exhibit 146: LivaNova Plc - Segment focus
            • 12.14 Medtronic Plc
              • Exhibit 147: Medtronic Plc - Overview
              • Exhibit 148: Medtronic Plc - Business segments
              • Exhibit 149: Medtronic Plc - Key news
              • Exhibit 150: Medtronic Plc - Key offerings
              • Exhibit 151: Medtronic Plc - Segment focus
            • 12.15 Nipro Corp.
              • Exhibit 152: Nipro Corp. - Overview
              • Exhibit 153: Nipro Corp. - Business segments
              • Exhibit 154: Nipro Corp. - Key offerings
              • Exhibit 155: Nipro Corp. - Segment focus
            • 12.16 SONOTEC GmbH
              • Exhibit 156: SONOTEC GmbH - Overview
              • Exhibit 157: SONOTEC GmbH - Product / Service
              • Exhibit 158: SONOTEC GmbH - Key offerings
            • 12.17 Terumo Group
              • Exhibit 159: Terumo Group - Overview
              • Exhibit 160: Terumo Group - Business segments
              • Exhibit 161: Terumo Group - Key news
              • Exhibit 162: Terumo Group - Key offerings
              • Exhibit 163: Terumo Group - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 164: Inclusions checklist
                • Exhibit 165: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 166: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 167: Research methodology
                • Exhibit 168: Validation techniques employed for market sizing
                • Exhibit 169: Information sources
              • 13.5 List of abbreviations
                • Exhibit 170: List of abbreviations

              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

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

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              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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