IMARC Group’s latest report, titled “Artificial Heart-Lung Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on artificial heart-lung machine market report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global artificial heart-lung machine market size reached US$ 282.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 351.6 Million by 2028, exhibiting a growth rate (CAGR) of 3.6% during 2023-2028.
An artificial heart-lung machine also referred to as a cardiopulmonary bypass (CPB) or oxygenator pump, is utilized during coronary artery bypass, heart and lung transplants, and other cardiac surgeries. It momentarily executes the functions of the heart and lungs to allow the surgeon to work in a motion and bloodless surgical field. Artificial heart-lung machines comprise a chamber that receives blood, which is oxygenated and circulated to all body parts. Oxygenator pumps have assisted in making considerable advances in managing serious respiratory failure and in the field of cardiac surgeries. Consequently, these machines find extensive applications across hospitals and clinics.
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The increasing incidences of cardiovascular diseases and organ failures, on account of numerous environmental and lifestyle changes, are among the key elements stimulating the artificial heart-lung machine market. Moreover, the launch of several policies by government bodies of various countries to provide improved healthcare facilities to patients is also propelling the market growth. Besides this, the growing investments by market players in research and development (R&D) activities to modernize the current models of oxygenator pumps are further fueling the global market. Furthermore, the escalating demand for modular heart-lung machines that are cost-effective, safe, and user-friendly in nature is acting as another significant growth-inducing factor. Apart from this, the rising usage of these machines offers flexibility to doctors, as they are portable and can be operated on rechargeable batteries, which is positively influencing the market growth. Additionally, the inflating improvements by manufacturers in CPB pumps to prevent the over-oxygenation of blood are anticipated to fuel the artificial heart-lung machine market over the forecasted period.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Artificial Heart-Lung Machine Market Segmentation:
Our report has categorized the market based on region, type, application and end use industry.
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