The cardiopulmonary bypass accessory equipment global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cardiopulmonary Bypass Accessory Equipment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The cardiopulmonary bypass accessory equipment market size has grown strongly in recent years. It will grow from $14.63 billion in 2023 to $15.6 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to increasing awareness of cardiovascular disease, growing specialized cardiothoracic surgery programs, increasing number of organ transplant survivors, rising cases of cardiac illnesses, and a growing aging population.
The cardiopulmonary bypass accessory equipment market size is expected to see strong growth in the next few years. It will grow to $20.28 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to the rising prevalence of cardiovascular disease, growing prevalence of acute respiratory failure, expanding and modernizing healthcare facilities, increasing funding and investments, and increasing medical tourism. Major trends in the forecast period include integration with digital health technologies, miniaturization and portable devices, biocompatible and advanced materials, integration of artificial intelligence, and a surge in product development activities.
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Scope Of Cardiopulmonary Bypass Accessory Equipment Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cardiopulmonary Bypass Accessory Equipment Market Overview
Market Drivers –
The growing prevalence of acute respiratory failure is expected to propel the growth of the cardiopulmonary bypass accessory equipment market. Acute respiratory failure occurs when the respiratory system fails in one or both of its gas exchange activities, such as oxygenation and carbon dioxide removal. Acute respiratory failure is rising due to several factors, including the aging population, infectious diseases, and medical procedures. Cardiopulmonary bypass equipment responds to the demand for advanced respiratory support by providing comprehensive oxygenation and ventilation management in ICUs and hospitals, effectively maintaining complex situations of respiratory distress. For instance, in April 2024, according to the Australian Bureau of Statistics, an Australian-based government agency, there were 361 deaths due to respiratory syncytial virus (RSV) in 2023, up from 241 in 2022. Therefore, the growing prevalence of acute respiratory failure is driving the growth of the cardiopulmonary bypass accessory equipment market.
Market Trends –
Major companies operating in the cardiopulmonary bypass accessory equipment market are developing advanced perfusion systems to ensure safe and effective cardiopulmonary bypass procedures through advanced features and better clinical workflows. The perfusion system comprises a next-generation heart-lung machine (HLM) and precise sensing technology for data-driven decision-making for safe cardiopulmonary bypass (CPB) management. For instance, in March 2023, LiveNova PLC, a UK-based company that develops devices used for cardiac surgery, launched the Essenz Heart-Lung Machine (HLM) and Essenz Patient Monitor, which together form the Essenz Perfusion System. Essenz’s heart-lung machine system, based on LivaNova’s proven S5 HLM, enhances clinical workflows and patient care quality. The device has several elements that prevent air bubbles and other possible emboli from entering the patient’s bloodstream, lowering the risk of stroke and other problems. It features intra-operative quality indicator thresholds and goal-directed perfusion (GDP) modules to provide personalized patient care strategies.
The cardiopulmonary bypass accessory equipment market covered in this report is segmented –
1) By Product Type: Single Roller Pump, Double Roller Pump
2) By Operation: Manually Operated, Electrically Operated, Battery Operated
3) By Distribution Channel: Direct Tender, Third-Party Distributor, Retail Sales
4) By Application: Lung Transplant Operation, Acute Respiratory Failure Treatment, Cardiac Surgery, Other Applications
5) By End-Use: Hospitals, Ambulatory Care Centers, Surgical Centers, Other End-Uses
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Regional Insights –
North America was the largest region in the cardiopulmonary bypass accessory equipment market in 2023. The regions covered in the cardiopulmonary bypass accessory equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the cardiopulmonary bypass accessory equipment market are Abbott, Medtronic, Fresenius Medical Care, Terumo Corporation, Edwards Lifesciences Corporation, B. Braun Medical, NIPRO, Getinge AB, ABIOMED, LivaNova Inc., MicroPort Scientific Corporation, Nonin, Spectrum Medical, Braile Biomédica, Mercury Medical, EUROSETS, Chalice Medical Ltd., Surge Cardiovascular, Andocor, Senko Medical Instrument Mfg. Co. Ltd.
Table of Contents
1. Executive Summary
2. Cardiopulmonary Bypass Accessory Equipment Market Report Structure
3. Cardiopulmonary Bypass Accessory Equipment Market Trends And Strategies
4. Cardiopulmonary Bypass Accessory Equipment Market – Macro Economic Scenario
5. Global Cardiopulmonary Bypass Accessory Equipment Market Size and Growth
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32. Global Cardiopulmonary Bypass Accessory Equipment Market Competitive Benchmarking
33. Global Cardiopulmonary Bypass Accessory Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cardiopulmonary Bypass Accessory Equipment Market
35. Cardiopulmonary Bypass Accessory Equipment Market Future Outlook and Potential Analysis
36. Appendix
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