Heart Lung Machine Market is going to reach USD 420 million by 2021
Heart Lung Machine Market Overview:
The artificial heart-lung machine is pointedly utilized during an open-heart surgery to help the right working of the body and heart amid the task. The prevalence of cardiovascular diseases has increased significantly in the last few years owing to the changing lifestyle which makes it a potential market in emerging economies like China and India. North America is expected to retain its leading position in the global market in the future.
Heart Lung Machine Market Size and Growth Rate:
As per the latest reports published by Research Cosmos, Heart Lung Machine Market was valued at USD 260 million in 2016 and projected to reach USD 420 million by 2021 growing at a CAGR of 9.14% during the forecast period 2016 to 2021.
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Heart Lung Machine Market Drivers and Restraints:
The global artificial heart-lung machine market is likely to increase at a momentous rate owing to the rising number of technological advancements being adopted by all healthcare organizations and cardiovascular surgeries in the field. Several government initiatives are in the direction of enhancing the healthcare facilities are likely to support in developing the global artificial heart-lung machine market in coming years. Moreover, these devices have the capability to operate through a rechargeable battery and can be transported to any part of the hospital. The portability of such devices helps physicians to provide extracorporeal circulation to patients who are in critical stage or condition.
Geographical Overview of Heart Lung Machine Market:
Asia Pacific is likely to be followed by Europe and is anticipated to show high expansion rate in the coming years. Some of the most important factors pushing the global artificial heart-lung machine market in up-coming countries are the growing number of patients in these provinces. Moreover, increasing government funding and rising knowledge in the field is driving the market in these provinces.
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Key Players of Heart Lung Machine Market:
Some of the key players of Heart Lung Machine Market are Sorin, MAQUET, Medtronic, Terumo, Braile Biomedical and Tianjin Medical
Heart Lung Machine Market Segmentation:
By Product Type:
- Single Roller Pump
- Double Roller Pump
By Industry:
- Cardiac Surgery
- Lung Transplant Operation
- Acute Respiratory Failure Treatment
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Key Takeaways from this Report:
- For different product types, end use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
- Identify various driving factors, constrains and untold opportunities that can impact the global marketplace
- Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
- Increase overall revenue by understanding the geographical impact on sales and distribution channels.
- Evaluate the increase in values at each step of industry supply chain to improve process efficacy and optimize the value.
- Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
- Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.
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