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| Cardiopulmonary Bypass Equipment Market |
Cardiopulmonary bypass equipment are devices used to oxygenate and pump blood throughout the body during certain types of open-heart surgery and high-risk percutaneous coronary intervention (PCI). These devices comprise oxygenators, centrifugal pumps, roller pumps, and others. The cardiopulmonary bypass equipment helps maintain circulation during surgeries by taking over the functions of the heart and lungs. This allows the heart to be stopped temporarily for certain procedures. The growing prevalence of cardiovascular diseases such as heart failure, coronary heart disease, and strokes has increased the demand for cardiopulmonary surgeries requiring bypass equipment.
The Global
Cardiopulmonary Bypass Equipment Market is estimated to be valued at US$ 138.26 Mn in 2024 and is expected
to exhibit a CAGR of 5.5% over the
forecast period 2024 to 2030.
Key Takeaways
Key players operating in the Cardiopulmonary Bypass Equipment market are Dow,
Henkel, BASF, Nordson, LORD Corporation, H.B. Fuller, Siltech Corporation,
Qualcomm, Broadcom, Skyworks Solutions, Qorvo. Key players are focusing on new
product launches and geographical expansion to meet the growing needs of the
global market. For instance, in 2020, Terumo Corporation launched a new
closed-circuit cardiopulmonary bypass (CPB) system – RevolutionTM Evora CX. The
new system streamlines setup, improves usability, and enhances procedural
confidence.
The rising cases of cardiovascular diseases, technological advancements, and
growing demand for minimally invasive surgeries are expected to drive market
growth over the forecast period. Governments across various countries are
undertaking various initiatives to spread awareness about cardiovascular
diseases. This is further expected to increase the demand for cardiopulmonary
bypass surgeries and equipment. However, the high cost of bypass equipment and
procedures, shortage of skilled professionals, and complications associated
with cardiopulmonary bypass surgeries are some of the factors restraining
market growth.
Market Drivers and Restraints
Rising prevalence of cardiovascular diseases is a major growth driver for the
cardiopulmonary bypass equipment market. According to the World Health Organization
(WHO), cardiovascular diseases are the leading cause of death globally, taking
an estimated 17.9 million lives each year. The increasing incidence of
conditions such as heart attack, heart failure, and strokes has significantly
boosted demand for cardiopulmonary bypass procedures, thereby propelling market
revenue growth. However, the high cost of bypass equipment and procedures
limits widespread adoption, particularly in developing nations. Bypass
surgeries require expensive devices and infrastructure which is a major
financial burden for many. Additionally, intraoperative and postoperative
complications associated with cardiopulmonary bypass also negatively impact the
market to a certain extent. A shortage of trained surgeons and healthcare professionals
to perform such specialized procedures poses challenges from a supply side
perspective.
Segment Analysis
The Cardiopulmonary
Bypass Equipment Market Growth is dominated by the heart-lung machines
segment. Heart-lung machines or cardiopulmonary bypass machines are major
equipment used during open-heart surgery to provide essential functions of the
heart and lungs temporarily. They allow the heart to be stopped, and blood to
be oxygenated outside of the body and pumped through the circulatory system. Being
an indispensable equipment for bypass surgeries, the demand for heart-lung
machines is much higher than other segments like oxygenators, pumps, and
cannulae. This makes heart-lung machines the dominating sub-segment in the
cardiopulmonary bypass equipment market.
Global Analysis
The North America region dominates the cardiopulmonary bypass equipment market
currently. This is attributed to factors such as rising geriatric population,
increasing prevalence of cardiovascular diseases, technical advancements in
bypass equipment, and good healthcare infrastructure. Moreover, the presence of
key players in countries like the US is boosting market growth in North
America. However, the Asia Pacific region is expected to grow at the fastest
rate during the forecast period. Rapidly developing healthcare infrastructure,
rising medical tourism, surge in disposable incomes, and growing awareness
about heart disorders are fueling market expansion in Asia Pacific.
For more insights, read-https://www.pressreleasebulletin.com/cardiopulmonary-bypass-equipment-market-trends-size-and-share-analysis/
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