The Perfusion Systems Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Perfusion Systems Global Market Report 2024, The perfusion systems market size has grown rapidly in recent years. It will grow from $1.24 billion in 2023 to $1.36 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to foundational research in perfusion science, introduction of hypothermia techniques, inception of cardiopulmonary bypass, early heart-lung machine development.
The perfusion systems market size is expected to see strong growth in the next few years. It will grow to $1.96 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to focus on patient outcomes, rise in cardiovascular surgeries, expansion of minimally invasive procedures, increased ecmo usage, global healthcare infrastructure development, growing geriatric population. Major trends in the forecast period include portable and compact designs, automation and robotics integration, remote monitoring and telemedicine, modular and customizable platforms, advanced data analytics and ai.
The rising number of organ transplants is expected to propel the growth of the perfusion systems market going forward. Organ transplants refer to a surgical procedure where a diseased or damaged organ is removed from a donor and transplanted into a recipient who needs it due to organ failure or disease. Perfusion systems are used to preserve and transport organs during the transplantation process, and play a critical role in maintaining the viability of the donated organs. For instance, in January 2021, according to Organ Procurement And Transplantation Network, a US-based non-profit organization, 41,354 organ transplants were performed in the US. This represents a 5.9 % increase over the number of transplants performed in 2020. Therefore, the rise in the number of organ transplants is driving the demand for the perfusion systems market.
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The perfusion systems market covered in this report is segmented –
1) By Product: Cardiopulmonary Perfusion System, Extracorporeal membrane oxygenation (ECMO), Isolated Organ Perfusion Systems, Other Products
2) By Type Of Organ: Heart, Lung, Kidney, Liver, Other Type Of Organs
3) By Technique: Hypothermic, Normothermic
4) By End-User: Hospital, Clinic, Ambulatory Surgical Centers, Other End-users
Product innovation has emerged as a key trend gaining popularity in the perfusion systems market. Major market players operating in perfusion systems are concentrating their efforts on creating innovative products to strengthen their position in the market. For instance, in February 2023, LivaNova, a UK-based provider of neuromodulation devices and cardiopulmonary products, launched the Essenz perfusion system in Europe. The Essenz system is a compact, modular, portable cardiopulmonary bypass (CPB) system designed for cardiac surgeries. The system’s modular design allows it to be customized to meet the specific needs of individual patients and surgical procedures. The compact and portable nature of the system also enables easy transport and setup in various clinical settings.
The perfusion systems market report table of contents includes:
1. Executive Summary
2.Perfusion Systems Market Characteristics
3.Perfusion Systems Market Trends And Strategies
4.Perfusion Systems market analysis
5.Perfusion Systems Market Size And Growth
6.Perfusion Systems Segmentation
7. Perfusion Systems Regional And Country Analysis
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27.Perfusion Systems Competitive Landscape And Company Profiles
28.Perfusion Systems Key Mergers And Acquisitions
29.Perfusion Systems Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Getinge AB
- Medtronic PLC
- LivaNova PLC
- Terumo Corporation
- Lifeline Scientific Inc.
- XVIVO Perfusion AB
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