Artificial Heart-Lung Machine Market Size, Report, Trends, Scope, Demand and Forecast 2021 to 2026

[mark smith]

IMARC Group’s latest report, titled “Artificial Heart-Lung Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, market reached a value of US$ 319.3 Million in 2020. The Global Artificial Heart-Lung Machine Market size to grow at a CAGR of 6.2% during 2021-2026. An artificial heart-lung machine, also known as an oxygenator pump or cardiopulmonary bypass (CPB), is used during surgical operations, including coronary artery bypass and heart or lung transplants. It performs the functions of the heart and lungs temporarily for the surgeon to operate in motion and bloodless surgical field. Artificial heart-lung machines consist of a chamber that receives blood which is then oxygenated and circulated to all parts of the body. These pumps are used to manage severe respiratory failures and for cardiac surgeries.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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Global Artificial Heart-Lung Machine Market Trends:

The rising number of open-heart surgeries, heart transplants, lung surgeries, etc., across the globe is primarily driving the artificial heart-lung machine market. This can also be attributed to various environmental and lifestyle changes, which are contributing to the increasing prevalence of cardiovascular diseases and instances of organ failures. Moreover, government bodies across several developing nations are making efforts to provide improved healthcare facilities, which is further augmenting the market growth. Besides this, increasing R&D activities by numerous key players are also aiming for the modernization of existing models of oxygenator pumps. These are further contributing to the development of cost-effective and user-friendly modular heart-lung machines. Additionally, the emergence of innovative product variants with rechargeable batteries is also anticipated to escalate the demand for artificial heart-lung machines over the forecasted period.

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Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.

• Medtronic Inc
• Sorin Group
• MAQUET GmbH & Co. KG
• Terumo Corporation
• R. Bard Inc
• Tianjin Medical
• Edwards Lifesciences
• Jarvik Heart
• Braile Biomédica
• SynCardia

Artificial Heart-Lung Machine Market Segmentation:

Our report has categorized the market based on Region, Type, Application and End use industry.

Market Breakup by Type:

• Single Roller Pump
• Double Roller Pump

 Market Breakup by Application:

• Cardiac Surgeries
• Lung Surgeries
• Acute Respiratory Failure Treatment
• Others

Market Breakup by End User:

• Hospitals and Clinics
• Ambulatory Surgical Centers
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

• Market Performance (2015-2020)
• Market Outlook (2021- 2026)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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