The Rising Prevalence Of Respiratory Diseases Fuels Artificial Lung Market: Strengthening the Growth Trajectory of the Artificial Lung Market

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What Is the Expected CAGR for the Artificial Lung Market Through 2025?
In recent times, the market size of the artificial lung has seen significant expansion. The market is predicted to swell from $2.31 billion in 2024 to $2.58 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 11.6%. This growth over the historic period is linked to increased knowledge among healthcare experts, higher market penetration, a rise in utilisation within home care settings, an uptick in medical tourism, and enhancements in healthcare infrastructure.

What's the Projected Size of the Global Artificial Lung Market by 2029?
Expect a significant expansion in the artificial lung market in the forthcoming years, with anticipated growth to $3.91 billion by 2029, achieving an 11.0% compound annual growth rate (CAGR). Factors contributing to this growth during the forecast period include an increased incidence of respiratory illnesses, advancements in healthcare infrastructures, acceptance of less invasive methods, improved patient lifestyles, and a high incidence of chronic obstructive pulmonary diseases. Key future trends include the incorporation of wireless technologies and artificial intelligence, progress in genomics and medical technologies, as well as the creation of smaller, more transportable artificial lungs.

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Top Growth Drivers in the Artificial Lung Industry: What's Accelerating the Market?
The artificial lung market is poised for expansion, largely due to the climbing incidence of respiratory disorders. A multitude of factors are liable for the surge in respiratory diseases, including escalating air pollution, alterations in climate, and shifts in lifestyle, all of which contribute significantly to the strain on public health. Artificial lungs serve a key role in managing respiratory illnesses by oxygenating and extracting carbon dioxide from the bloodstream, thereby supplementing or replacing deficient lung functions. For example, in June 2024, the Australian Institute of Health and Welfare, a health and welfare institution based in Australia, predicted that roughly 8.5 million Australians, equating to 34% of the populace, would suffer from chronic respiratory issues. Within this, it was estimated that 2.8 million individuals, or 11% of the people, had asthma while 638,000 citizens, representing 2.5% of the population, suffered from chronic obstructive pulmonary disease (COPD). Hence, the escalating incidence of respiratory diseases is fueling the expansion of the artificial lung market.

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What Are the Key Trends Driving Artificial Lung Market Growth?
Leading firms in the artificial lung market are concentrating on the creation of cutting-edge solutions, like remote supervision and management of the device, to maintain competitiveness. This system enables medical professionals to keep track of patients' essential parameters and modify ventilation settings without being physically situated by the patients' side, hence minimizing infection risks and heightening patient safety during therapy. For instance, in August 2022, notable improvements were made by Teltonika Telemedic, a U.S. electronics manufacturer, on its artificial lung ventilator known as TELTOMED. Teltonika Telemedic was granted a unique patent for secure remote data communication and control of its ventilator. This advancement bolsters the security and dependability of patient data transmission- a vital functionality for modern medical apparatus.

What Are the Main Segments in the Artificial Lung Market?
The artificial lung market covered in this report is segmented -

1) By Product Type: Single Roller Pump Heart Lung Machines, Double Roller Pump Heart Lungs Machines, Bubble Artificial Lung, Membrane Artificial Lung
2) By Application: Cardiac Surgery, Lung Transplant Operation, Acute Respiratory Failure Treatment, Other Applications
3) By End-Users: Hospital, Emergency Center, Other End-users

Subsegments:
1) By Single Roller Pump Heart Lung Machines: Portable Single Roller Pump Heart Lung Machines, Stationary Single Roller Pump Heart Lung Machines
2) By Double Roller Pump Heart Lung Machines: Portable Double Roller Pump Heart Lung Machines, Stationary Double Roller Pump Heart Lung Machines
3) By Bubble Artificial Lung: Disposable Bubble Artificial Lung, Reusable Bubble Artificial Lung
4) By Membrane Artificial Lung: Oxygenator Membrane Artificial Lung, Carbon Dioxide Removal Membrane Artificial Lung

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Which Top Companies are Driving Growth in the Artificial Lung Market?
Major companies operating in the artificial lung market are Terumo Corporation, Getinge AB, Abiomed Inc., MicroPort Scientific Corp., Charles Stark rape*r Laboratory Inc., TransMedics Group Inc., Braile Biomédica Ltd., Xenios AG, MC3 Cardiopulmonary Inc., Lung Biotechnology PBC, Breethe Inc., Levitronix LLC, Medos Medizintechnik AG, ALung Technologies Inc., McGowan Institute for Regenerative Medicine, Hemovent GmbH, Novalung GmbH, Haemair Ltd., MedArray Inc., Vivonics Inc., Extracorporeal Life Support (ECLS) Lab

Which Regions Will Dominate the Artificial Lung Market Through 2029?
North America was the largest region in the artificial lung market in 2024. The regions covered in the artificial lung market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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