The Global Cardiopulmonary Bypass Equipment Market, by Product Type (Single Roller Pump and Double Roller Pump), by End User (Hospitals and Ambulatory Surgical Centers) was valued at US$ 111.33 million in 2017, and is projected to exhibit a CAGR of 1.2% over the forecast period (2018 - 2026). The cardiopulmonary bypass equipment helps sustain a patient undergoing open-heart surgery procedures, providing blood oxygenation and circulation to the brain and major organs while the patient's heart and lungs are temporarily bypassed.
Increasing incidence of
cardiovascular and respiratory disorders are the major factor driving growth of
the cardiopulmonary bypass equipment market. For instance, According to World
Health Organization (WHO), around 17.7 million people died from cardiovascular
disease in 2015, representing 31% of total global deaths. Moreover, according to European Respiratory Society,
Chronic Obstructive Pulmonary Disease (COPD) affects more than 200 million
people and is the fourth leading cause of death in the world. Furthermore,
according to European Heart Network, cardiovascular disease causes 3.9 million
deaths every year in Europe and over 1.8 million in European Union, accounting
of 45% and 37% of all deaths. Thus expected to propel the growth of the
cardiopulmonary bypass equipment market
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Browse 22 Market Data Tables and
19 Figures spread through 157 Pages and in-depth TOC on "Cardiopulmonary
Bypass Equipment Market, by Product Type (Single Roller Pump and Double Roller
Pump), by End User (Hospitals and Ambulatory Surgical Centers) - Global
Forecast to 2026"
The industry players are adopting
the strategy of collaboration focusing on development of new products. For
instance, in 2018, Medtronic Plc. collaborated with the Sayler Biomedical LLC,
for the development of their product Century heart Lung machine. The
collaboration has made the Medtronic’s product available for customers
globally. Century heart lung machine has features, such as compact and sturdy
design, easy to use components and affordable price. This is expected to
strengthen customer base and widen the product portfolio of Medtronic.
Furthermore, in 2015, Sorin Group launched its latest generation of heating and
cooling systems, FlexTherm at European Congress on Extracorporeal Circulation
Technology (FECECT) 2015. FlexTherm is an automatically integrated perfusion
management system equipped with three water tanks, each with a different
temperature setting, allocated to three independent water circuits thus,
operator’s time, reduces hospital costs and resource utilization additionally,
it minimizes the risk of errors and provides reminders on how to conduct
disinfection for the safety of the patients
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Key Takeaways of the Cardiopulmonary
Bypass Equipment Market:
The global cardiopulmonary bypass
equipment market is expected to expand at a CAGR of 1.2% during the forecast
period (2018 – 2026), owing to continuous technological advancement and
increasing incidence of cardiovascular diseases
Cardiopulmonary bypass equipment
market is expected to grow at very low pace owing to shift in trend towards the
adoption of technologically advanced less invasive operating equipment-
Off-Pump Coronary Artery Bypass (OPCAB) Beating Heart System which allow the
surgeon to bypass a blocked coronary artery of the beating heart in a
controlled operative environment. Thus reduce the complications attributed to
cardiopulmonary bypass
Major players operating in the
global cardiopulmonary bypass equipment market include Medtronic Plc, LivaNova
PLC, MAQUET Holding B.V. & Co. KG., Terumo Corporation, Braile Biomedica,
and Tianjin Medical
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