Quick Summary:
In the ever-evolving medical world, the global artificial heart-lung machine market stands as a crucial component, showcasing consistent growth. These machines, also known as cardiopulmonary bypass (CPB) or oxygenator pumps, are pivotal in coronary artery bypass, heart and lung transplants, and other cardiac surgeries. With their sophisticated design that replicates the functions of the heart and lungs, these devices have signi-ficantly advanced the management of severe respiratory failure and cardiac surgeries.
The growing demand for these machines can be attributed to the rising global instances of open-heart surgeries, heart transplants and lung surgeries driven by lifestyle changes and environmental factors. This increasing prevalence of cardiovascular diseases and organ failures is expected to propel market growth forward. Additionally, governments' efforts to improve healthcare facilities, and advances made by market players in creating cost-effective and user-friendly heart-lung machines, all underline the market's potential for growth.
The global artificial heart-lung machine market size reached US$ 282.7 Million in 2022. Looking forward, the publisher 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 known as a cardiopulmonary bypass (CPB) or oxygenator pump, is used during coronary artery bypass, heart and lung transplants, and other cardiac surgeries. It temporarily performs the functions of the heart and lungs to enable the surgeon to operate in motion and bloodless surgical field. These machines consist of a chamber that receives blood, which is then oxygenated and circulated to all body parts. Over the years, these pumps have helped in making significant advances in the management of severe respiratory failure as well as in the field of car-diac surgeries.
In recent years, there has been a significant rise in the number of open-heart surgeries, heart transplants and lung surgeries across the globe. This can primarily be attributed to various environmental and lifestyle changes, which have led to an increase in the prevalence of cardiovascular diseases and the instances of organ failures. Other than this, governments of several developing nations are making efforts for providing improved healthcare facilities to patients, which is driving the demand for artificial heart-lung machines. Furthermore, the market players are investing in research and development activities to modernize the current models of oxygenator pumps. These activities have led to the development of modular heart-lung machines that are cost-effective, safe, and user-friendly in nature. Besides this, these machines also offer flexibility to doctors as they are portable and can be operated on rechargeable batteries. The manufacturers have also made several improvements in CPB pumps to prevent the over-oxygenation of blood.
2. What is the expected growth rate of the global artificial heart-lung machine market during 2023-2028?
3. What are the key factors driving the global artificial heart-lung machine market?
4. What has been the impact of COVID-19 on the global artificial heart-lung machine market?
5. What is the breakup of the global artificial heart-lung machine market based on the type?
6. What is the breakup of the global artificial heart-lung machine market based on the application?
7. What is the breakup of the global artificial heart-lung machine market based on the end user?
8. What are the key regions in the global artificial heart-lung machine market?
9. Who are the key players/companies in the global artificial heart-lung machine market?
An artificial heart-lung machine, also known as a cardiopulmonary bypass (CPB) or oxygenator pump, is used during coronary artery bypass, heart and lung transplants, and other cardiac surgeries. It temporarily performs the functions of the heart and lungs to enable the surgeon to operate in motion and bloodless surgical field. These machines consist of a chamber that receives blood, which is then oxygenated and circulated to all body parts. Over the years, these pumps have helped in making significant advances in the management of severe respiratory failure as well as in the field of car-diac surgeries.
In recent years, there has been a significant rise in the number of open-heart surgeries, heart transplants and lung surgeries across the globe. This can primarily be attributed to various environmental and lifestyle changes, which have led to an increase in the prevalence of cardiovascular diseases and the instances of organ failures. Other than this, governments of several developing nations are making efforts for providing improved healthcare facilities to patients, which is driving the demand for artificial heart-lung machines. Furthermore, the market players are investing in research and development activities to modernize the current models of oxygenator pumps. These activities have led to the development of modular heart-lung machines that are cost-effective, safe, and user-friendly in nature. Besides this, these machines also offer flexibility to doctors as they are portable and can be operated on rechargeable batteries. The manufacturers have also made several improvements in CPB pumps to prevent the over-oxygenation of blood.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global artificial heart-lung machine market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type, application and end user.Breakup by Type:
- Single Roller Pump
- Double Roller Pump
Breakup by Application:
- Cardiac Surgeries
- Lung Surgeries
- Acute Respiratory Failure Treatment
- Others
Breakup by End User:
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Medtronic Inc., Sorin Group, MAQUET GmbH & Co KG, Terumo Corporation, C.R. Bard Inc., Tianjin Welcome Medical Equipment Co., Ltd., Edwards Lifesciences, Jarvik Heart Inc., Braile Biomedica, SynCardia Systems, LLC, etc.Key Questions Answered in This Report
1. What was the size of the global artificial heart-lung machine market in 2022?2. What is the expected growth rate of the global artificial heart-lung machine market during 2023-2028?
3. What are the key factors driving the global artificial heart-lung machine market?
4. What has been the impact of COVID-19 on the global artificial heart-lung machine market?
5. What is the breakup of the global artificial heart-lung machine market based on the type?
6. What is the breakup of the global artificial heart-lung machine market based on the application?
7. What is the breakup of the global artificial heart-lung machine market based on the end user?
8. What are the key regions in the global artificial heart-lung machine market?
9. Who are the key players/companies in the global artificial heart-lung machine market?
Frequently Asked Questions about the Global Artificial Heart-Lung Machine Market
What is the estimated value of the Global Artificial Heart-Lung Machine Market?
What is the growth rate of the Global Artificial Heart-Lung Machine Market?
What is the forecasted size of the Global Artificial Heart-Lung Machine Market?
Who are the key companies in the Global Artificial Heart-Lung Machine Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 140 |
| Published | July 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 282.7 Million |
| Forecasted Market Value ( USD | $ 351.6 Million |
| Compound Annual Growth Rate | 3.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Artificial Heart-Lung Machine Market
6 Market Breakup by Type
7 Market Breakup by Application
8 Market Breakup by End User
9 Market Breakup by Region
10 SWOT Analysis
12 Porter’s Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Medtronic Inc.
- Sorin Group
- MAQUET GmbH & Co KG
- Terumo Corporation
- C.R. Bard Inc.
- Tianjin Welcome Medical Equipment Co. Ltd.
- Edwards Lifesciences
- Jarvik Heart Inc.
- Braile Biomedica
- SynCardia Systems LLC
Methodology
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