Global Heart-Lung Machines Market to Exhibit 3.67% CAGR 2016-2020, Benefited by Development of Modular Machines

As per the WHO, in 2012, approximately 17.5 million people from across the globe died because of cardiovascular diseases. A recent study conducted by the American Heart Association states that the total number of deaths occurring from cardiovascular diseases is expected to reach 24 million by 2030. The growing number of deaths due to cardiovascular diseases is the primary factor expected to propel the global heart-lung machines market. These are some of the crucial findings of a new report added to the market intelligence repository of MarketResearchReports.biz.

The report, titled ‘Global Heart-Lung Machines Market 2016-2020,’ states that the global heart-lung machines market is expected to display steady growth at a 3.67% CAGR from the period between 2016 and 2020. Even though the market will face the challenge of the high costs of machinery, it is expected to gain from the rising medical tourism. As per the findings of the report, the global heart-lung machines market is expected to benefit from the development of modular heart-lung machines. ASCs and hospitals prefer using modular heart-lung machines, as they are cost-effective, user-friendly, and offer flexibility to surgeons.

Cardiovascular diseases comprise disorders associated with blood vessels and the heart. Congenital heart defects are a commonly occurring cardiovascular condition in which the heart’s structure remains abnormal from birth. Unhealthy diets and lack of exercise lead to the deposition of fats in blood vessels, which leads to coronary heart diseases. The evolution of heart-lung machines has helped medical professionals treat coronary heart diseases effectively. ASCs and hospitals are two of the key end users of heart-lung machines.

The global heart-lung machines market is expected to be driven by factors such as the high incidence of cardiovascular diseases among the elderly and awareness initiatives created by healthcare organizations. However, factors such as complications linked with CABG surgeries and the high cost of new heart-lung machines are predicted to hamper the growth of the global heart-lung machines market. The availability of minimally invasive procedures is expected to be the biggest challenge for the global heart-lung machines market. However, the introduction of portable machines and the development of modular heart-lung machines can benefit the global market.

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The availability of advanced healthcare infrastructure and medical devices is another key factor expected to benefit the global market for heart-lung machines.

The global heart-lung machines market is regionally divided into the Americas, EMEA, and APAC. Key companies operating across various locations are focusing on introducing new heart-lung machines to maintain their dominance. Some of the key companies listed in the report are Braile Biomdica, LivaNova, MAQUET, Medtronic, Terumo Medical, Elite Life Care, Hemovent, Medizintechnik, and Tianjin Welcome Medical Equipment. With many new startups expected to enter the mainstream, the level of competition is predicted to be the highest in the years to come.

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