Adult and Pediatric Hemoconcentrators Market Generated Opportunities, Future Scope 2021-2028 | Medivators Inc., Terumo Corporation, LivaNova, PLC

The Global Adult and Pediatric Hemoconcentrators Market, by Product Type (Adult Hemoconcentrators and Pediatric Hemoconcentrators), by End User (Hospital, Ambulatory Surgical Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), was valued at US$ 10.7 Mn in 2017, and is projected to exhibit a CAGR of 3.3% during the forecast period (2018–2026).

Because of the high prevalence of cardiovascular disorders, demand for hemoconcentrators is predicted to rise, propelling the worldwide adult and paediatric hemoconcentrators market forward over the forecast period. According to a study published by the World Health Organization (WHO), around 7.4 million people died worldwide in 2015 from coronary heart disease; and the Centers for Disease Control and Prevention (CDC), around 8.5 million people in the United States suffered from peripheral artery disease in 2016. According to the data distributed by the National Center for Biotechnology Information in 2016, in the U.S., over 350,000 people suffered from out-of-hospital cardiac arrest (OHCA) and about 209,000 from in-hospital cardiac arrest (IHCA), with a survival rate of 12% and 24.9%, respectively Such high prevalence of cardiovascular diseases is expected to increase demand for hemoconcentrators during surgical procedures and thus, support adult and pediatric hemoconcentrators market growth over the forecast period.

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Furthermore, the benefits provided by hemoconcentrator devices are likely to increase their acceptance and boost the worldwide adult and paediatric hemoconcentrators market expansion over the forecast period. For example, according to the data published by Annals of Thoracic Surgery in 2013, hemoconcentrator functions without technical failures and offers complementary technique in blood management during cardiac operations. Strategic alliances and collaboration activities are being pursued by key industry players in order to increase their market presence and obtain significant market share. In the near future, such strategic actions are projected to promote hemoconcentrator acceptance in various economies and boost market growth. For example, in 2016, MEDIVATORS Inc. (a Cantel Medical Corporation company), a manufacturer of Hemocor HPH family hemoconcentrators, expanded its direct sales operations in Canada by acquiring endoscope reprocessing business assets from its Canadian distributor, Vantage Endoscopy, Inc., a subsidiary of Diploma Canada Holdings Ltd.

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Key Takeaways of the Adult and Pediatric Hemoconcentrators Market:
• Due to regular product introductions and approvals, as well as a solid pipeline of novel adult and paediatric hemoconcentrators, the global adult and paediatric hemoconcentrators market is predicted to grow at a CAGR of 3.3 percent from 2018 to 2026.

• Due to the high prevalence of cardiovascular illnesses and rising healthcare awareness in the region, North America is predicted to dominate the worldwide adult and paediatric hemoconcentrators market over the forecast period.
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• China and India are expected to display high growth in Asia Pacific adult and pediatric hemoconcentrators market, due to rising geriatric population who are more prone to cardiovascular diseases

• Key players such as Medtronic Plc. and distribute hemoconcentrators manufactured by Medivators Inc. in various key regions

• Key players are adopting strategic mergers and acquisitions strategy in order to expand its product portfolio and market presence. For instance, in 2015, Sorin S.p.A, a provider of hemoconcentrators, merged with a U.S.-based company, Cyberonics, Inc. The newly formed company was named LivaNova, Plc.

• Major players operating in the global adult and pediatric hemoconcentrators market include Medivators Inc., Terumo Corporation, LivaNova, PLC, Maquet (a Getinge Group company), Medica S.p.A,and others.

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