An influential Perfusion Systems Market report serves with the better picture of the marketplace as it studies market and the industry by considering several aspects. This market analysis document gives an absolute background analysis of the industry along with an assessment of the parental market. To achieve sustainable growth in the market, businesses must be well-versed with the specific and most relevant product and market information in the HEALTHCARE industry. The resources used for collecting the data and information that is included in the premium Perfusion Systems Market research report are very trustworthy and range from journals, company websites, and white papers etc.
Perfusion Systems Market report puts light on the change in the market which is taking place due to the moves of key players and brands such as product launches, joint ventures, mergers and acquisitions that in turn modifies the view of the global face of HEALTHCARE industry.The worldwide Perfusion Systems Market report displays a specific study of the HEALTHCARE industry which defines what the market definition, classifications, applications, engagements, and global industry trends are. This marketing report estimates CAGR values for the historic year 2021, the base year 2020, and for the forecast period between the years 2022-2029. With the help of this reliable market research report, the data and realities of the HEALTHCARE industry can be focused which continues the business operations on the right path. Perfusion Systems Market research report gives solutions for many critical business questions and challenges associated with HEALTHCARE industry due to which it is highly preferred.
Oxygenators accounts for the largest component segment in the perfusion systems market due to the growing prevalence of cardiopulmonary failure. Data Bridge Market Research analyses that the perfusion systems market was valued at USD 1,198.8 million in 2021 and is further estimated to reach USD 60.50 million by 2029, and is expected to grow at a CAGR of 4.4% and at a during the forecast period of 2022 to 2029.
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Global Perfusion Systems Market Definition
The process of providing oxygenated blood to the body’s tissues is known as perfusion. Perfusion systems are commonly used in organ transplant surgeries because they assist in the replacement of the organ’s function by pumping blood throughout the body.
Perfusion Systems Market Dynamics
Major factors that are expected to boost the growth of the perfusion systems market in the forecast period are as follows:
Drivers
Rise in the Incidence of Cardiovascular and Respiratory Diseases
Cardiovascular illnesses are one of the most common causes of death worldwide. They are responsible for over 9.4 million fatalities per year. Hypertension is becoming more common, which is a major risk factor for cardiovascular disease and stroke will further accelerate the market growth.
Growing Healthcare Expenditure
The market is growing due to an increase in the number of organ donors, increased healthcare spending, and favourable healthcare legislation.
Constant Product Advancement
In the coming years, the expanding number of system distributors and dealers is expected to strengthen market growth for perfusion systems.
Opportunities
In addition, the growing pharmaceutical research is further estimated to provide potential opportunities for the growth of the perfusion systems market in the coming years.
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Key Insights in the Perfusion Systems Market :
-Historical and current market size and projection up to 2029
-Market trends impacting the growth of the global taste modulators market
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-Trends of key regional and country-level markets for processes, derivative, and application
-Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
Restraints/Challenges Global Perfusion Systems Market
On the other hand, the increased cost of organ transplantation is further projected to impede the growth of the perfusion systems market in the targeted period. However, the organ supply-demand gap might further challenge the growth of the perfusion systems market in the near future.
This perfusion systems market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the perfusion systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Perfusion Systems Market
The pandemic of COVID-19 has had a huge impact on the perfusion systems market. The global COVID-19 outbreak has shifted financial resources away from healthcare and toward perfusion systems. COVID-19 also causes organ failure, making transplantation difficult. The COVID-19 outbreak has been rescheduled in most locations around the world to suit the situation and prevent patient exposure to the virus through perfusion systems. However, in the post-COVID scenario, perfusion systems market is projected to be significantly impacted.
Recent Development
In May 2019, Xvivo Perfusion System received FDA approval for their Steen solution perfusate system. The device lets the transplant team to perform a careful assessment of lung function to get a healthier sense of how the organs are working when they are perfused with a solution outside the body to better conclude whether the lungs can then be workable for transplant.
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Some of the major players operating in the perfusion systems market are:
Getinge AB (Sweden)
Medtronic PLC (US)
Livanova PLC (UK)
Terumo Corporation (Japan)
Nipro Corporation (Japan)
Xenios AG (Germany)
Repligen Corporation (US)
Spectrum Laboratories, Inc. (US)
Merck KGaA (Germany)
Harvard Bioscience, Inc. (US)
ALA Scientific Instruments, Inc. (US)
Lifeline Scientific (US)
Xvivo Perfusion AB (Sweden)
General Electricals Inc (US)
Hitachi Ltd (Japan)
Koninkliijike Philips N.V. (Netherlands)
Samsung Electronics Co, Ltd. (South Korea)
Shimadzu Corporation (Japan)
Siemens (US)
Toshiba Corporation (Japan)
Accuray Incorporated (US)
Xvivo Perfusion (Sweden)
Global Perfusion Systems Market Scope and Market Size
The perfusion systems market is segmented on the basis of component, type and technique. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
Heart-lung Machines
Perfusion Pumps
Oxygenators
Monitoring Systems
Cannulas
On the basis of component, the perfusion systems market is segmented into heart-lung machines, perfusion pumps, oxygenators, monitoring systems, cannulas.
Type
Bioreactor Perfusion Systems
Microfluidic Perfusion Systems
Gravity or Pressure-Driven Perfusion Systems
Small-Mammal Organ Perfusion Systems
On the basis of type, the perfusion systems market is segmented into bioreactor perfusion systems, microfluidic perfusion systems, gravity or pressure-driven perfusion systems and small-mammal organ perfusion systems.
Technique
Hypothermic Machine Perfusion
Normothermic Machine Perfusion
On the basis of technique, the perfusion systems market is segmented into hypothermic machine perfusion, normothermic machine perfusion.
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