The Global Cardiopulmonary Bypass Equipment Market Growth Accelerated By Rising Demand For Heart Surgeries

 

Cardiopulmonary Bypass Equipment Market 

Cardiopulmonary bypass equipment are medical devices that temporarily take over the function of the heart and lungs during surgery, allowing the heart to be stopped. They consist of equipment such as oxygenators, centrifugal pumps, and cardioplegia delivery systems. Such equipment helps divert blood around the heart and provides a stop flow condition during cardiac surgeries, enabling surgeons to perform intricate procedures on a still heart.

The global cardiopulmonary bypass equipment market is estimated to be valued at US$120.01 Mn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The rising demand for heart surgeries is one of the major trends fueling the growth of the cardiopulmonary bypass equipment market. According to the World Health Organization (WHO), cardiovascular diseases (CVDs) are the leading cause of death across the world, accounting for over 17.9 million deaths each year. CVDs such as heart failure, heart attacks and others often require surgeries such as bypass and stent implantation. This has led to an increase in the number of complex cardiac procedures performed globally. For instance, data from Organization for Economic Co-operation and Development (OECD) estimates over 3 million inpatient coronary heart disease procedures were performed across 35 OECD countries in 2015. The cardiopulmonary bypass equipment plays a critical role in ensuring the safety and success of such surgical procedures, thus driving their increased demand. Innovation of more advanced and portable equipment catering to cardiac surgeries is expected to further support the market growth over the forecast period.

Segment Analysis
The global cardiopulmonary bypass equipment market is dominated by the heart-lung machines segment. Heart-lung machines, also known as cardiopulmonary bypass machines, account for the largest share as they are essential for performing open-heart surgeries. They pump and oxygenate a patient's blood outside the body during surgery, allowing surgeons to operate on a still heart. The growing number of cardiac surgeries performed annually is expected to drive the demand for heart-lung machines during the forecast period.

Key Takeaways
The global cardiopulmonary bypass equipment market is expected to witness high growth over the forecast period 2023-2030. The market size for cardiopulmonary bypass equipment is projected to grow from US$ 120.01 Mn in 2023 to US$210 Mn by 2030, registering a CAGR of 6.6% during the forecast period.

Regional analysis
North America dominates the global cardiopulmonary bypass equipment market demand currently and is expected to do so over the forecast period as well. The region accounts for the largest share due to the significant number of cardiac procedures performed annually and increased healthcare spending. Furthermore, the presence of major players and continuous technological advancements are supporting market growth in the region. Asia Pacific is expected to be the fastest-growing regional market over the forecast period owing to factors such as the improving healthcare infrastructure, increasing medical tourism, growing incidents of cardiac diseases due to the lifestyle changes in developing countries such as India and China.

Key players
Key players operating in the cardiopulmonary bypass equipment market are Carl Zeiss AG, EssilorLuxottica SA, Giorgio Armani S.p.A., Guccio Gucci S.p.A, Loch Effects, LVMH Moët Hennessy Louis Vuitton, Marcolin S.p.A., Prada S.p.A, Randolph Engineering, Inc, and Safilo Group SpA. These players are focusing on new product launches and strategic collaborations to expand their presence and gain a competitive edge in the market.

Get more insights on this topic https://www.newswirestats.com/cardiopulmonary-bypass-equipment-market-industry-insights-trendscardiopulmonary-bypass-equipment-market-2023-2030/

Comments

Post a Comment

Popular posts from this blog

Increasing aircrafts deliveries to fuel the growth of Aircraft Radome Market

Image
Aircraft Radome Market The global  Aircraft Radome Market is estimated to be valued at US$ 640.7 Mn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Radome is a structural, weatherproof enclosure that protects a radar system or antenna and is transparent to electromagnetic waves. Radomes allow radar systems and antennas to function effectively while protecting them from harsh environmental conditions. In aircrafts, radomes provide structural integrity, aircraft aerodynamic compatibility and protection from heat, wind, and other extreme weather conditions of flight. They are made from advanced composite materials like fiberglass, graphite-epoxy, and thermoplastics. Aircraft radomes have applications in both military as well as commercial aircrafts across a wide range of aircraft platforms. Market key trends: One of the major trends in the b is the growin
Read more

The Global Naloxone Market Is Set To Experience Exponential Growth Owing To Rising Opioid Overdoses

Image
   naloxone market The naloxone market has experienced significant growth in recent years owing to increasing cases of opioid overdoses across the globe. Naloxone is an opioid antagonist medication used to reverse the effects of opioid overdoses including life-threatening depression of central nervous system and respiratory functions. The global naloxone market is estimated to be valued at US$ 1,422.26 million in 2024 and is expected to exhibit a CAGR of 4.7% over the forecast period of 2024-2030. Naloxone is administered as an injection into a muscle or vein or as a nasal spray. It is effective against both natural and synthetic opioids such as morphine, heroin, oxycodone, fentanyl, and methadone. Rising abuse and misuse of prescription opioids and increasing societal acceptability of opioids for pain management have been identified as major causes of opioid epidemics in many countries. Moreover, governmental support through policy and funding initiatives for wider public access a
Read more

Feminine Hygiene Products Market Growth Accelerated By Rising Awareness About Women Hygiene

Image
Feminine Hygiene Products Market    Feminine hygiene products provide effective solutions for maintaining women's intimate hygiene and offer convenience during menstrual cycles. Sanitary pads, tampons, panty liners, and menstrual cups are commonly used feminine hygiene products that efficiently absorb menstrual blood flow. The growing awareness about women's hygiene and health and availability of innovative product varieties catering to different needs have accelerated the demand for these products. Factors such as changing lifestyles and rising incomes have further contributed to the increased spending on intimate healthcare needs of women. The global Feminine Hygiene Products Market is estimated to be valued at US$ 41.71 Bn in 2024 and is expected to exhibit a CAGR of 23.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key trends driving the growth in the feminine hygiene products
Read more