Press release
Global Pediatric Perfusion Products Market Projections 2031 - Blossoming from US$ 147.0 Mn in 2021 to Surge Beyond US$ 294.6 Mn by 2031, Propelled by a Robust 7.3% CAGR Growth
Market Size and Growth
Congenital heart defects, structural abnormalities present at birth, have fueled the demand for pediatric perfusion products. The increasing prevalence of congenital heart diseases underscores the critical need for advanced medical solutions in pediatric cardiac care. With a continuous evolution of medical technologies, numerous surgical procedures are becoming available for treating a broader range of conditions in children, propelling market growth.
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Market Segmentation
By Service Type
The market segmentation by service type unveils the diverse offerings in pediatric perfusion products, catering to various medical requirements in the field of pediatric cardiac care.
By Sourcing Type
Understanding different sourcing types, including medical device manufacturers and suppliers, provides insights into the dynamics of the pediatric perfusion products market.
By Application and Industry Vertical
Segmentation by application and industry vertical helps identify specific medical needs and the sectors driving demand for pediatric perfusion products.
By Region
Regional analysis is crucial for understanding the global landscape, identifying key growth areas, and addressing potential challenges specific to different regions.
Regional Analysis
The pediatric perfusion products market demonstrates promising growth globally, with key regions contributing to advancements in pediatric cardiac care. Regional variations in healthcare infrastructure and congenital heart disease prevalence play a pivotal role in shaping the trajectory of the market.
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Top of Form
Market Drivers and Challenges
Market Drivers
Increase in prevalence of congenital heart disease
Growing number of surgical procedures on children
Advancements in medical technologies
Market Challenges
Stringent regulatory requirements
Limited awareness about pediatric perfusion products
Market Trends
The market is witnessing trends driven by a rise in awareness about heart abnormalities and related treatments. Vendors are actively focusing on gaining regulatory approvals and launching new products to expand their market share in pediatric perfusion products.
Future Outlook
The future of the pediatric perfusion products market appears promising, with sustained growth expected due to technological advancements and increased awareness about congenital heart diseases. Ongoing developments are set to revolutionize pediatric cardiac care, providing innovative solutions for a range of conditions in children.
Key Market Study Points
Impact of medical technologies on pediatric cardiac care
Opportunities in treating a wider range of conditions in children
Strategies adopted by vendors to expand market share
Competitive Landscape
Key players in the pediatric perfusion products market, including Medtronic, Terumo Cardiovascular Systems Corporation, LivaNova PLC, BL Lifesciences, Cardinal Health, Getinge AB, and Eurosets, are driving innovation in pediatric cardiac care. The approval of LivaNova's B-Capta system integrated into the S5 heart-lung machine in May 2020 highlights the industry's commitment to advancing medical solutions.
Recent Developments
May 2020: LivaNova PLC received CE mark approval in Europe for its B-Capta system integrated into the S5 heart-lung machine.
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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