Cardiopulmonary Bypass System Market updates, demand analysis, and expected growth forecast 2021-2027
Cardiopulmonary Bypass System Market Share Analysis, Current Trends, Competitive Enhancements, Size and Business Outlook for 2021-2027
The Cardiopulmonary Bypass System market analysis includes market size, upstream situation, market segmentation, price & cost, and industry environment. In addition, the report outlines the factors driving industry growth and the description of market channels. The report begins with an overview of the industry chain structure and describes the upstream. Besides, the report analyses market size and forecast in different geographies, types, and end-use segments, in addition, the report introduces the Cardiopulmonary Bypass System market competition overview among the major companies and companies’ profiles, besides, market price and channel features are covered in the report.
The global Cardiopulmonary Bypass System market exhibited moderate growth during 2021-2027. Looking onward, the market is to grow at a CAGR of around 4.1%.
The study contains market share analysis and profiles of players such as Sorin Group, Braile Biomedica, Transonic, Spectrum Medical, Minnetronix, Medtronic, MAQUET Holding
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Cardiopulmonary bypass is a technique that temporarily takes over the function of the heart and the lungs during surgery, maintaining the blood circulation as well as the oxygen content of the body. A cardiopulmonary bypass is a form of extracorporeal circulation. A cardiopulmonary bypass circuit is designed to perform four major functions viz. circulation of blood, oxygenation, and carbon dioxide elimination, systemic cooling and rewarming, and diversion of blood from the heart to provide a bloodless surgical field.
Cardiopulmonary bypass systems mechanically circulate and oxygenate blood for the body while bypassing the heart and the lungs. The system uses a heart-lung machine to maintain perfusion to other body organs. The blood is cooled during cardiopulmonary bypass and returned to the body.
Types of Products:
Conventional Cardiopulmonary Bypass System
Mini Cardiopulmonary Bypass System
Ambulatory Surgical Centers
Factors such as the growing prevalence of chronic diseases such as cardiovascular and respiratory diseases, surging adoption of unhealthy lifestyles, the rapid growth of population, an increasing number of surgical procedures, and rising health care expenditure are key drivers for the cardiopulmonary bypass systems market. According to Lancet Global Surgery, about 30,537 procedures per 100,000 people are performed in an operating room in the U.S. Technological advancements, mergers and acquisitions, and growing health care awareness among people are other factors augmenting the cardiopulmonary bypass systems market. In 2015, Sorin Group and Cyberonics Inc. announced their merger, creating a new premier global medical technology company.
The proposed transformational transaction would bring together global leaders in the fields of cardiac surgery and neuromodulators. On the other hand, strict regulations and adverse effects of bypass procedures are projected to hinder the cardiopulmonary bypass systems market in the near future.
Regions and Countries Level Analysis:
Geographically, the global cardiopulmonary bypass systems market has been classified into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominates the global market, due to the presence of a large pool of patients, technological advancements, rise in research activities, and high health care expenditure. According to the American Heart Association, cardiovascular diseases (CVDs) have been listed as the primary cause of death in the U.S.
The American Heart Association has funded more than US$ 4 Bn to research since 1949. Factors such as presence of key players (for example, Getinge AB and LivaNova PLC) and increasing research and development activities in the region make Europe the second-largest market for cardiopulmonary bypass systems. The market in the Asia Pacific region is expected to expand at a higher rate during the forecast period, due to presence of emerging players, rising prevalence of cardiovascular diseases, and increasing health care expenditure in the region. According to Medicouncil, around 17.5 million people are estimated to of cardiovascular diseases every year in India, which is approximately 31% of all deaths worldwide.
The report offers an in-depth assessment of the growth and other aspects of the Cardiopulmonary Bypass System market in important countries (regions), including:
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, etc.)
Middle East & Africa (Saudi Arabia, Egypt, Nigeria, and South Africa)
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Highlights of the report:
A complete backdrop analysis, which contains an assessment of the parent Cardiopulmonary Bypass System market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and expected size of the Cardiopulmonary Bypass System market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging position segments and regional Cardiopulmonary Bypass System market
An impartial assessment of the trajectory of the market
References to companies for strengthening their foothold in the market
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Impact and Recovery Analysis of Covid-19:
Under COVID-19 outbreak internationally, this report provides 360 degrees of analysis from supply chain, import and export control to regional government policy and future influence on the industry. Detailed analysis about market status, enterprise competition pattern, advantages and disadvantages of enterprise products, industry development trends (2021-2027), regional industrial layout characteristics and macroeconomic policies, industrial policy has also been included.
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