Perfusion Systems Market Grow CAGR of +3.8% Up To 2025 Comprehensive Business Study by 2025 key players are like Merck, XVIVO Perfusion, Medtronic, XENIOS, TERUMO CORPORATION, Getinge, Harvard Bioscience, OrganOx

According to a new market research study titled 'Perfusion Systems Market - Global Analysis and Forecasts by Type, Component, the global perfusion systems market is expected to reach US$ 1,442.28 Mn in 2027 from US$ 1,044.75 Mn in 2018. The market is estimated to grow with a CAGR of 3.8% from 2019-2027. The report highlights the trends prevalent in the global perfusion systems market and the factors driving the market along with those that act as deterrents to its growth.

Asia Pacific perfusion systems market is expected to grow at highest rate during the forecast period owing higher number of research & development and increasing investments on perfusion systems. In addition, emergence of new local players with competitive product portfolio are expected to fuel the market growth in Asia Pacific region.

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Key factors driving the market are rising prevalence of cardiovascular diseases, significant growth of pharmaceutical and biotechnology industries, rising need for the organ transplantation, and rising cell based research activities. However, factors such as expensive organ transplant surgeries, and limited numbers of donors for organ transplant surgeries are likely to restrain the market growth to a certain extent.

Perfusion systems market by type is segmented into bioreactor perfusion systems, microfluidic perfusion systems, gravity or pressure driven perfusion systems, and small mammal organ perfusion systems. In 2018, the bioreactor perfusion systems segment held a largest market share of 44.3% of the perfusion systems market, by type. This segment is also expected to dominate the market in 2027 owing to increasing production by the biopharmaceutical and pharmaceutical and its advantages including, high quality of product, product stability, and scalability. Moreover, the microfluidic perfusion systems segment is anticipated to witness the significant growth rate of 3.9% during the forecast period, 2019 to 2027 owing to increasing application of basic cell biology, molecular biological assays, tissue engineering, and systems biology.

List of Companies:-

• REPLIGEN CORPORATION
• Merck KGaA
• Ala Scientific Instruments, Inc.
• XVIVO Perfusion
• Medtronic
• XENIOS AG (Fresenius Medical Care AG & Co. KGaA)
• TERUMO CORPORATION
• Getinge AB
• Harvard Bioscience
• OrganOx

The market players are focused towards bringing new and innovative products to sustain their position in the market. For instance, in March 2018, Sartorius Stedim Biotech (Sartorius AG) launched ambr 250 high throughput (ht) perfusion, specially designed for rapid cell culture perfusion process development to optimize production of therapeutic antibodies. The developments performed by the companies are helping the market to grow in the coming years.

Some OF Major Emerging Players:-

• Sartorius AG
• RAND
• LivaNova PLC
• Sanisure (Sani-Tech West, Inc.)
• AutoMate Scientific, Inc.
• APD (Advanced Perfusion Diagnostics)
• Spectrum Medical
• Transonic Systems Inc
• Transonic Systems Inc
• CESCO BIOENGINEERING CO., LTD.
• Jobst Technologies GmbH

Component Insights:-

The global perfusion systems market on the basis of component was segmented into oxygenators, heart-lung machine, perfusion pumps, monitoring systems, cannulas, and others. In 2018, the oxygenators segment held a largest market share of 33.1% of the perfusion systems market, by component. This segment is also expected to dominate the market in 2027 owing to the increasing number of the cardiovascular surgeries, liver transplantation and kidney transplantation worldwide. Moreover, the heart-lung machine segment is anticipated to witness the significant growth rate of 3.3% during the forecast period, 2019 to 2027 owing to the incidences of the coronary heart diseases.

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Rising Need for The Organ Transplantation is expected to boost the market growth over the years:-

Organ transplantation is a surgical process done when a patient’s organ has stopped functioning completely. The organ transplant is commonly done for the organs such as heart, liver and kidney. However, the rising cases of the chronic diseases are leading to the need of the transplantation for the other organs such as lung, pancreases, cornea, and vascular tissues among others. The organ transplantation surgeries are rising across the world. For instance, in Spain, approximately 5,260 transplant surgeries were performed, among which nearly 3,200 were kidney transplant and around 1,200 were liver transplant surgeries. The number of heart transplant surgeries were approximately 300 and lung were nearly 360. The public-private partnership in assistance with the transplant coordinators has enormously contributed to the improvement of the organ transplantation

Rising Cell Based Research Activities:-

The rise in the chronic diseases, advantages of the applications of biotechnology are growing the extensive cell based research activities. The cell based assays assists in understanding the challenges of biology of the living organisms. The cell based assays helps in the understanding the aspects such as cell signaling, proliferation, apoptosis, cellular genetics, neurology, cancer and more. The cell based assays are extensively carried out in pharmaceutical, biotechnology industries, research institutes and academics research institutes. The pharmaceutical and biopharmaceutical industries need to efficiently commercialize the drug. Therefore, cell based assays in the pharmaceutical and biotechnology industry are the driving factor for the growth of the perfusion systems.

Type Insights:-

The perfusion systems market by type is segmented into bioreactor perfusion systems, microfluidic perfusion systems, gravity or pressure driven perfusion systems, and small mammal organ perfusion systems. In 2018, the bioreactor perfusion systems segment held a largest market share of 44.3% of the perfusion systems market, by type. This segment is also expected to dominate the market in 2027 owing to increasing production by the biopharmaceutical and pharmaceutical and its advantages including, high quality of product, product stability, and scalability. Moreover, the microfluidic perfusion systems segment is anticipated to witness the significant growth rate of 3.9% during the forecast period, 2019 to 2027 owing to increasing application of basic cell biology, molecular biological assays, tissue engineering, and systems biology.

PERFUSION SYSTEMS - MARKET SEGMENTATION

By Type
• Microfluidic Perfusion Systems
• Small-Mammal Organ Perfusion Systems
• Bioreactor Perfusion Systems
• Gravity or Pressure-Driven Perfusion Systems

By Component
• Perfusion Pumps
• Oxygenators
• Heart-Lung Machines
• Monitoring Systems
• Cannulas
• Others

By Geography
• North America
• Europe
• Asia Pacific (APAC)
• Middle East & Africa (MEA)
• South America (SAM)

Strategic Insights:-

Strategic acquisition and product launches were observed as the most adopted strategy in global perfusion systems industry. Few of the recent product launch, product approval and acquisitions are listed below:

2018: XVIVO Perfusion has submitted the Premarket Approval (PMA) application for the XPS with STEEN Solution to the FDA.

2019: Sartorius Stedim Biotech (Sartorius AG) launched ambr 250 high throughput (ht) perfusion, specially designed for rapid cell culture perfusion process development to optimize production of therapeutic antibodies.

2018: Spectrum Medical announced acquisition of the second exclusive licensing agreement with the University of California, Los Angeles (UCLA) Technology Development Group on behalf of UC Regents. The license is in association of the intellectual property that supports clinical applications requiring Extracorporeal Circulation.

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