Global heart-lung machines market was valued at US$ XX Mn in 2017 and expected to grow at XX% Compound Annual Growth Rate (CAGR) from 2018 to 2024Market Outline: Heart-lung Machines Market
The heart-lung machine is a medical equipment which provides cardiopulmonary bypass, or mechanical circulatory to the heart and lungs, it does the work both of the heart and of the lungs by pumping and oxygenating the blood. The blood returning to the heart is diverted through the heart-lung machine before returning to the arterial circulation such type of artificial heart-lung machine is used in open heart surgeries to support the proper functioning of the heart and body during the surgery. The machine consists of venous and arterial cannula (tubes), polyvinyl chloride (PVC) or silicon tubing, reservoir (to hold blood), bubbler or membrane oxygenator, cardiotomy (filtered reservoir), heat exchangers etc.
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Market Dynamics: Heart-lung Machines Market
Increase in the prevalence of cardiac diseases is one of the major factor affecting the growth of the heart-lung machine. The growth in geriatric population and origin of portable heart-lung machines are expected to drive the market. Portable heart-lung machines weigh less when compared with conventional heart-lung machines and occupy less space in the operating room. Furthermore, improved healthcare facilities and advancements in the technology is adding fuel for the heart-lung machine market.
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Market Scope: Heart-lung machines Market
Heart-lung machines market is segmented based on the type, application, and distribution channel.
Based on the type, the market is segmented into the following:
• Double Roller Pump Heart-lung Machine
• Single Roller Pump Heart-lung Machine
Based on the application, the market is segmented into the following:
• Cardiac Surgery
• Lung Transplant Operation
• Acute Respiratory Failure Treatment
• Other
Regional Analysis: Heart-lung machines Market
Geographically, global heart-lung machines market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America heart-lung machines market dominates the global market for artificial heart-lung machine due to prevalence of heart disease and larger adoption. The Asian market followed by the European market is expected to show the significant growth due to increase in the patient pool.
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Competition Assessment: Heart-lung machines Market
Some of the players in the global heart-lung machines market include:
• Medtronic Inc. (U.S)
• Sorin Group (U.S)
• MAQUET GmbH & Co. KG (Germany)
• Terumo Corporation (Japan)
• C. R. Bard Inc. (U.S)
• Edwards Lifesciences (U.S)
• Tianjin Medical (China)
• SynCardia (U.S)
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