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/

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