Adult and Pediatric Hemoconcentrators Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4315
Adult and Pediatric Hemoconcentrators Market size is expected to grow significantly from 2019 to 2025.
Increasing prevalence of cardiac diseases throughout the globe will upsurge adult and pediatric hemoconcentrators market growth. As per data published on World Health Organization, maximum number of population globally suffer from different kind of cardiac disease resulting in utmost deaths globally. Therefore, hemoconcentrators are intended to maintain hemodilution during cardiac bypass surgery and are extensively preferred by physicians for better patient management. Aforementioned aspects coupled with the increasing geriatric population base, that are more likely to acquire cardiac diseases with aging will boost the adult and pediatric hemoconcentrators business growth.
Moreover, growing demand for advanced fluid management products will promote business growth opportunities for adult and pediatric hemoconcentrators. In order to provide better healthcare solutions, customized hemoconcentrators are widely available for pediatric and adult patients. Also, resulting in accurate health analysis thereby fostering industry growth. Advantages pertaining hemoconcentrators that further allows direct insertion into the extracorporeal circuit during surgery will augment the business demand. However, various complications associated with hemoconcentrators and lack of expertise may hamper adult and pediatric hemoconcentrators industry growth.
Pediatric hemoconcentrater segment will witness lucrative growth during forthcoming years. Favorable regulatory scenario for medical devices in order to strengthen existing healthcare infrastructure thereby foster key industry players to introduce novel products. For instance, Medivators a leading global company offers wide range of pediatric hemoconcentrators such as HPH Mini, Hemocor HPH Junior should upsurge the business revenue share.
Hospital segment should witness considerable growth trend over the analysis timeframe owing to changing lifestyle habits along with elderly population base susceptible to several diseases due to weak immune system. Additionally, advancements in hemoconcentrators composed of glycerine-free polysulfone membranes that possess exclusive biocompatibility with wide range of medical device applications thus augments overall segmental growth.
North America adult and pediatric hemoconcentrators industry will witness momentous revenue share by 2025. Growing number of R&D activities in North America with technological advancements will fuel the regional growth. Moreover, cardiac disease is the leading cause of death in U.S. and thus, hemoconcentrators are available in wide range to support cardiac bypass surgery thereby fostering business growth.
Few of the foremost business players operating in adult and pediatric hemoconcentrators industry include Sorin, Nipro, Medivators, Andocor, MAQUET, Terumo Cardiovascular Systems and Medtronic. Industry players thereby are adopting numerous strategies including new product enhancement and launch to sustain business competition. For instance, in 2017, Medivators announced the expansion of direct sales operation in Australia. This strategy helped in strengthening the commercial platform for the firm, thereby positively impacting industry growth.
Adult and Pediatric Hemoconcentrators Market By Type, 2014-2025 (USD Million)
- Pediatric Hemoconcentrators
- Adult Hemoconcentrators
Adult and Pediatric Hemoconcentrators Market By End-use, 2014-2025 (USD Million)
- Ambulatory Surgical Centre
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Terumo Cardiovascular Systems
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