Home > Healthcare > Medical Devices > Surgical Devices > Pediatric Perfusion Systems Market
Pediatric Perfusion Systems Market size was valued at USD 318.9 million in 2022 and is projected to register a CAGR of over 6.8% between 2023 and 2032. This robust market growth is attributed to factors such as growing demand for minimally invasive procedures in pediatric cardiac surgery, increasing favorable government initiatives and reimbursement policies, and growing awareness about the importance of pediatric cardiac care, among others are driving the market development. Additionally, the rising prevalence of congenital heart defects in paediatric populations is a significant factor in the market progress.
Moreover, perfusion devices to facilitate corrective operations are in high demand as awareness and early identification of CHDs are on rise. For instance, according to American Heart Association, Inc.’s fact sheet 2022, congenital heart defects are expected to affect around 40,000 infants in the U.S. each year. In the first year of life, approximately 25%, or 2.4 per 1,000 live newborns, require invasive therapy. Therefore, the aforementioned factors contribute to the growth of the market by fostering advancements in technology and enhancing the overall quality of care for paediatric patients undergoing cardiac procedures.
Pediatric perfusion systems refer to medical devices and systems designed specifically for managing the circulation and oxygenation of blood in pediatric patients during cardiac surgery or other medical procedures requiring temporary circulatory support.
Report Attribute | Details |
---|---|
Base Year: | 2022 |
Pediatric Perfusion Systems Market Size in 2022: | USD 318.9 Million |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 6.8% |
2032 Value Projection: | USD 627.5 Million |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 120 |
Tables, Charts & Figures: | 212 |
Segments covered: | Product, Application, End-use, and Region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|