5 March 2019: Heart
Lung Machine Market is anticipated to witness exponential growth
in the forecast period. Heart lung machine is also known as “Cardiopulmonary
Bypass Machine” or “Pump-Oxygenator” or “Perfusion Pump”. A mechanical device
temporarily takes over the functions of the heart and lungs. It is used as an
aid in some surgery, particularly for cardiovascular surgery. It plays
significant role during artificial heart, organ transplant, and in open-heart
surgery.
The factors that propel the growth of the market include
rising number of heart issues and the other cardiovascular diseases, government
initiatives in improving the healthcare services, technological development,
occupying less space in the operating room as compared to the conventional
machine and growing consciousness.
On the other hand, there are factors that may hamper the
growth of the market including small lifecycle of the product and lack of
skilled medical expert. Globally, market is anticipated to grow at a CAGR of
6.13% in the upcoming period as the scope, product types, and its applications
are increasing across the globe.
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Heart Lung Machine
Market by Geographical Regions:-
•
North America
•
Europe
•
Asia Pacific
•
Middle East and Africa
•
South America
Heart Lung Machine
Market by Applications:-
·
LivaNova PLC
·
Getinge AB
·
Others
For detailed
Information of Market Dynamics, Size, Trends, Visit our report at: https://www.millioninsights.com/industry-reports/heart-lung-machine-market
A new trend that is helping to
boost the growth of market is development of modular heart-lung machines.
Hospitals and ASCs (Ambulatory Surgical Centers) choose modular heart-lung
machines, as they are cost-effective, user-friendly, and safe, and involve
properties such as rechargeable batteries, thereby offering flexibility to
doctors. Manufacturers such as Terumo Medical, LivaNova, and MAQUET have
developed next-generation modular heart-machines, that could be monitored and
controlled through a single control panel.
The market may be explored by
type, application, end user, and geography. The market could be explored based
on type as Double Roller Pump Heart Lung Machine and Single Roller Pump Heart
Lung Machine. The key applications that could be explored in the market include
Acute Respiratory Failure Treatment, Cardiac Surgery, Lung Transplant
Operation, and Others.
Some of the key players that
fuel the growth of the heart lung machine market comprise Sorin Group, MAQUET,
Medtronic, LivaNova, Edwards Lifesciences, Terumo Corporation, Braile
Biomedica, SynCardia, Tianjin Medical, and Jarvik Heart. The leading companies
are taking up partnerships, mergers and acquisitions, and joint ventures in
order to boost the inorganic growth of the industry.
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