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Cardiopulmonary Bypass Equipment Market Services Grow at a 1.2% CAGR From – Medtronic, LivaNova, MAQUET Holding B.V. & Co. KG., Terumo Corporation, Braile Biomedica, Tianjin Medical

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The Global Cardiopulmonary Bypass Equipment Market, by Product Type (Single Roller Pump and Double Roller Pump), By End User (Hospitals and Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), was valued at US$ 111.33 million in 2017 and is projected to exhibit a CAGR of 1.2% over the forecast period (2018 – 2026).

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Patients undergoing open-heart surgery procedures can be sustained using cardiopulmonary bypass equipment, by providing blood oxygenation and circulation to the brain and major organs while the patient’s heart and lungs are temporarily bypassed. The global cardiopulmonary bypass equipment market growth is driven by rising incidence of cardiovascular and respiratory disorders. For instance, according to World Health Organization (WHO), around 17.7 million people died from cardiovascular disease in 2015, representing 31% of total global deaths. Moreover, according to European Respiratory Society, chronic obstructive pulmonary disease (COPD) affects over 200 million people and is the fourth leading cause of death in the world. Furthermore, according to European Heart Network, cardiovascular disease causes 3.9 million deaths every year in Europe and over 1.8 million in European Union, accounting for 45% and 37%, respectively, of all deaths. Such factors are expected to propel growth of the cardiopulmonary bypass equipment market

Players in the market are focusing on adopting strategies such as collaboration in order to develop new products. For instance, in 2018, Medtronic Plc. collaborated with Sayler Biomedical LLC, for the development of their product Century Heart Lung machine. The collaboration helped Medtronic to make its product available for customers, globally. Century Heart Lung machine has features such as compact and sturdy design, easy to use components, and affordable price. Moreover, this collaboration is expected to help Medtronic in strengthening its customer base and expanding its product portfolio. Furthermore, in 2015, Sorin Group launched its latest generation of heating and cooling systems, FlexTherm, at European Congress on Extracorporeal Circulation Technology (FECECT) 2015. FlexTherm is an automatically integrated perfusion management system equipped with three water tanks, each with a different temperature setting, allocated to three independent water circuits. This system reduces operator’s time, reduces hospital costs and resource utilization, minimizes the risk of errors, and provides reminders on how to conduct disinfection for the safety of patients.

Browse 22 Market Data Tables and 19 Figures spread through 157 Pages and in-depth TOC on “Cardiopulmonary Bypass Equipment Market, by Product Type (Single Roller Pump and Double Roller Pump), By End User (Hospitals and Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Global Forecast to 2026”

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Key Takeaways of the Cardiopulmonary Bypass Equipment Market:

  • The global cardiopulmonary bypass equipment market is expected to exhibit a CAGR of 1.2% during the forecast period (2018 – 2026). This is attributed to continuous technological advancements and rising incidence of cardiovascular diseases.
  • Cardiopulmonary bypass equipment market is expected to exhibit growth at a slow pace. This is due to the shift in trend towards the adoption of technologically advanced less invasive operating equipment, Off-Pump Coronary Artery Bypass (OPCAB) Beating Heart System. This system allows surgeons to bypass a blocked coronary artery of the beating heart in a controlled operative environment, thereby reducing the complications caused due to this surgery.
  • Key players operating in the global cardiopulmonary bypass equipment market include Medtronic Plc, LivaNova PLC, MAQUET Holding B.V. & Co. KG., Terumo Corporation, Braile Biomedica, and Tianjin Medical.

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Last Updated: 05-Aug-2020