Cardiopulmonary Bypass Equipment Market – Insights
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The global cardiopulmonary bypass equipment market size was valued at US$ 111.33 million in 2017, and is expected to witness a CAGR of 1.2% over the forecast period (2018 – 2026).
Cardiopulmonary bypass equipment bypass the heart and lungs and in turn circulates oxygenates blood throughout the body. It also maintain perfusion to other body tissues and organs while the surgeon works in a bloodless surgical field. The machine may consist of venous and arterial cannula (tubes), polyvinyl chloride (PVC) or silicone tubing, reservoir (to hold blood), bubbler or membrane oxygenator, cardiotomy (filtered reservoir), heat exchanger(s), arterial line filter, pump(s), flow meter, inline blood gas and electrolyte analyzer, and pressure-monitoring devices.
According to Centers for Disease Control and Prevention (CDC), around 5.7 million individuals in the U.S. suffered from heart failure in 2016. The report suggests that the number of occurrences is likely to increase, with the increase in number of aging of the population in this region.
According to the American Heart Association, around 2,200 people in the U.S. die from cardiovascular disease every day, an average of 1 death per 40 seconds. This staggering number of patients suffering from heart diseases will result in growth in cardiopulmonary bypass equipment market.
However, cardiopulmonary bypass equipment market is expected to grow at very low pace owing to shift in trend towards the adoption of technologically advanced less invasive operating equipment- Off-Pump Coronary Artery Bypass (OPCAB) Beating Heart System which allow the surgeon to bypass a blocked coronary artery of the beating heart in a controlled operative environment. Thus reduce the complications attributed to cardiopulmonary bypass
North America is expected to hold a dominant position in global cardiopulmonary bypass equipment market over the forecast period, due to increasing prevalence of cardiovascular diseases in the region. According to the American Heart Association (AHA), 2017, about 92.1 million adults in the U.S. are suffering from some form of cardiovascular disease or the after-effects of stroke. AHA also stated in its report, that direct and indirect costs of cardiovascular diseases and stroke are estimated to account for US$ 316 billion, including health expenditures and lost productivity.
Asia Pacific is expected to witness fastest growth in the global cardiopulmonary bypass equipment market due to increasing patient pool and growing medical tourism for various surgeries in the region. For instance, according to Directorate-General of Commercial Intelligence and Statistics of India, in 2015 - 2016, hospitals in India recorded 460,000 international patients.
Manufacturers are engaging on providing innovative products to various hospitals through collaborative relationships with them
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In June 2014, Sorin Group celebrates the delivery of its 10,000th heart-lung machine (S5 heart-lung machine) to Brigham and Women’s Hospital, Boston, MA, USA. Thus achieved exciting milestone that reflects the tremendous trust and collaborative partnership with their customers worldwide
Key players operating in the cardiopulmonary bypass equipment market include Medtronic Plc, LivaNova PLC, MAQUET Holding B.V. & Co. KG., Terumo Corporation, Braile Biomedica, and Tianjin Medical
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