Cardiopulmonary Bypass Pumps Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3568
Cardiopulmonary Bypass Pumps Market size is projected to experience significant growth from 2019 to 2025.
Increase in number of people suffering from heart failure and other cardiovascular diseases in across the globe will be one of the major impact rendering factors in the forthcoming years. As per the statistics published by the European Heart Network, every year around 6 million people in Europe die due to cardiovascular disease. Also, as per the European Society of Cardiology, cardiovascular diseases (CVD) are the major cause of death and morbidity in Europe and currently, more than 6 million new cases of cardiovascular disease in the EU and more than 11 million in Europe as a whole, every year. Hence, growing prevalence of cardiovascular disease will enhance the growth of cardiopulmonary bypass pumps market in the near future.
Deaths from cardiovascular and circulatory diseases are increasing as a result of population growth mainly the aging of populations. According to a recent research, by the year 2020 an estimated 13 countries will have more than 20% of their population aged 65 years or older. The majority of the Asia Pacific countries have already meet the geriatric population level. The East Asia and Pacific region is said to have more older people today than anywhere else in the world and is aging more rapidly than any region in history. Hence, geriatric population prone to cardiovascular disease will have major impact on the market growth.
However, high cost of the cardiopulmonary bypass pumps will be one of the major factors impeding the growth of the market. The high cost of the machine and procedures will be unreasonable to the low and middle income patient population, resulting in declining the demand and growth of the business.
Roller cardiopulmonary bypass pumps market is estimated to show significant growth over the forecast period. The roller pumps are one of the type of positive displacement pump. This pumps have been most commonly used in cardiopulmonary bypass procedures in the last few decades. Though the popularity of roller pumps has fallen in the recent times due to significant technological improvements in the manufacturing of centrifugal pumps.
Application of cardiopulmonary bypass pumps in lung transplantation is estimated to generate substantial revenue. As per the National Health Service (NHS), around 200 lung transplants were conducted in the year 2014. Increase in number of lung transplantation procedures across the globe will boost the business growth in the near future.
Hospitals as an end-use segment is estimated to hold majority market share. This due to the availability of state of art facilities in the hospital settings. Cardiovascular procedures are mostly performed in the hospital as these surgeries are complicated and can be trusted with proper medical facilities that is available in the hospitals. Hence, the hospitals will carry majority of shares in the market.
U.S. cardiopulmonary bypass pumps market is estimated to hold significant market share and continue similar trend over the forecast period. Presence of favorable reimbursement policies for the patients such as Medicaid plans, Medicare and insurance policies that are targeted to increase the treatment rate for cardiovascular diseases. Hence, cardiovascular disease treatment and management across the region, increasing venture capital investments, availability of insurance coverage and reimbursement policies will support the market expansion.
Some of the major industry players are BraileBiomedica, LivaNova, Maquet, Medtronic, Olympus Corporation and Terumo Corporation. These major players focus on several strategic initiatives such as partnerships, mergers, acquisitions, product approvals, and new product launches as their major market expansion strategies.
Cardiopulmonary Bypass Pumps Market, By Product, 2014-2025 (USD Million)
- Roller Pumps
- Centrifugal Pumps
- Pulsatile Pumps
- Nonocclusive Pumps
Cardiopulmonary Bypass Pumps Market, By Application, 2014-2025 (USD Million)
- Lung Transplant Operation
- Acute Respiratory Failure Treatment
- Cardiac Surgery
Cardiopulmonary Bypass Pumps Market, By End-use, 2014-2025 (USD Million)
- Surgical Centers
- Ambulatory Surgical Centers
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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