The global Cardiopulmonary Bypass Equipment Market Driven By Advancement In Cardio Bypass Surgeries

Cardiopulmonary Bypass Equipment Market


The cardio bypass equipment market has grown tremendously over the past few decades owing to advancement in bypass surgeries and life-saving medical equipment. Cardio bypass equipment such as heart-lung machines, oxygenators, pumps, cannula sets, and perfusion accessories are essential to perform elective and emergency heart surgeries. They enable diverting the blood flow around the heart and lungs during a heart surgery, serving as an external substitute for the heart and lungs to maintain circulation and oxygenation of the body's vital organs. The heart-lung machine oxygenates and circulates the blood throughout the body while the heart is stopped during surgery. This allows surgeons to operate on a still heart to repair defects cleanly and accurately. The global Cardiopulmonary Bypass Equipment Market is estimated to be valued at US$ 2.5 billion in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2028, as highlighted in a new report published by Coherent Market Insights.

Market key trends: One of the major trends in the cardio bypass equipment market is the increasing demand for minimally invasive cardiac surgeries. The advanced equipment now enables surgeons to perform bypass surgery through smaller incisions rather than opening the chest through large incisions. This has significantly reduced surgical risks, recovery time, complications and scarring for patients. Manufacturers are also increasingly focusing on developing portable heart-lung machines that can enable emergency transport of critically ill cardiac patients and performing procedures in off-site locations or ambulances. This helps expand the reach of life-saving cardiac care. Customizable equipment based on patient-specific traits is another key area garnering attention to improve outcomes.

Porter’s Analysis
Threat of new entrants: Low due to high capital requirement for manufacturing cardiopulmonary bypass equipment and presence of stringent regulations for market approval.

Bargaining power of buyers: Moderate due to presence of many established players however growing demand increases buyer power.

Bargaining power of suppliers: Moderate due to availability of substitutes however raw material suppliers hold some power.

Threat of new substitutes: Low as cardiopulmonary bypass equipment is irreplaceable during cardiac surgery however some minimally invasive surgeries pose threats.

Competitive rivalry: High due to presence of large global players offering varied product portfolio.

Key Takeaways
The Global Cardiopulmonary Bypass Equipment Market Demand is expected to witness high growth during the forecast period of 2023 to 2028.

Regional analysis shows that North America dominates the global Cardiopulmonary Bypass Equipment market holding around 35% share due to factors such as growing geriatric population, increasing incidence of cardiovascular diseases, developed healthcare infrastructure and high adoption of advanced medical technologies in countries like United States and Canada. Asia Pacific is poised to witness highest growth during the forecast period owing to expanding healthcare industry, rising medical tourism and growing awareness about cardiology treatments in emerging countries like China and India.

Key players operating in the Cardiopulmonary Bypass Equipment market are Braile Biomedica, Medtronic Plc., LivaNova Plc., Sorin Group, Terumo Corporation, MAQUET Holding B.V. & Co. KG and others. Key players are focusing on new product launches, geographical expansion and mergers & acquisitions to strengthen their market presence. For instance, in 2018, MAQUET acquired Cardiovascular Systems Inc., a medical device company focused on treating peripheral and coronary artery disease.

For more details on the report, Read- https://www.insightprobing.com/cardiopulmonary-bypass-equipment-market-size-and-share/

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