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Cardiopulmonary Bypass Equipment Market - Global Size, Share, Trends, Growth and Forecast Year ( 2023 – 2032 )

Cardiopulmonary Bypass Equipment

Cardiopulmonary bypass (CPB) equipment is a medical technology used to support the heart and lungs during cardiac surgery. It involves the use of a machine to circulate blood and oxygen to the body while the heart is stopped or not functioning properly.

Cardiopulmonary Bypass Equipment Market

The market size for Cardiopulmonary Bypass Equipment Market was USD 118.0 million in the year 2022. It is expected that the market size for Cardiopulmonary Bypass Equipment will increase by approximately USD 139.7 million by 2032 as the market for Cardiopulmonary Bypass Equipment Market is continuously growing at a compound annual growth rate (CAGR) of 1.7% during the forecast period 2023-2032. The global market for CPB equipment is expected to grow in the coming years due to an increasing prevalence of cardiovascular disease, an aging population, and advances in surgical techniques.

Cardiopulmonary Bypass Equipment Market Report Scope

Base Year

Market Size

2022

USD 118.0 million

 

Forecast Year

Market Size

 

2032

USD 139.7 million

CAGR Value

 

1.7% from 2023 to 2032

Segmentation

 
  • By type of equipment
  • By end-user
  • By product application
  • By price range
  • By distribution channel
  • By geography

 

Challenges

 
  • High cost
  • Reimbursement issues
  • Competition from alternative technologies
  • Regulatory hurdles
  • Limited availability in certain regions

Growth Drivers

 
  • Increasing prevalence of cardiovascular diseases
  • Advances in surgical techniques
  • Aging population
  • Government initiatives and healthcare reform
  • Economic growth

 

Cardiopulmonary Bypass Equipment Market Key Drivers

There are various factors which help in the growth of the Cardiopulmonary Bypass Equipment Market. They are as follows:

  • Increasing prevalence of cardiovascular diseases: Due to the aging population and poor lifestyle, there is an increase in the prevalence of cardiovascular diseases, which leads to driving demand for CPB equipment.
  • Advances in surgical techniques: New technologies have been introduced for cardiovascular surgery, which leads to driving demand for CPB equipment.
  • Aging population: The aging population is suffering more from cardiovascular diseases, leading to an increase in market demand for CPB equipment.
  • Government initiatives and healthcare reform: Government is several initiatives to improve healthcare, which will drive demand for CPB equipment.
  • Economic growth: Economic growth in developing countries will lead to improved healthcare services, which will increase the demand for CPB equipment.

Cardiopulmonary Bypass Equipment Market Challenges

There are many challenges which are faced by Cardiopulmonary Bypass Equipment Market. They are listed below:

  • High cost: The equipment is expensive, which can be a barrier for patients and healthcare providers.
  • Reimbursement issues: In some regions, the use of CPB equipment cannot be fully reimbursed, which can be a barrier to adoption.
  • Competition from alternative technologies: Alternative technologies, such as minimally invasive techniques are cost-efficient and potentially, can be a barrier for the CPB market.
  • Regulatory hurdles: There are several regulations in this industry as the process is lengthy and costly, which can be a barrier for new companies to enter the market.
  • Limited availability in certain regions: There is limited availability for CPB equipment in some due to a lack of infrastructure or trained personnel, which can be challenging for patients to travel long distances to receive care.

Cardiopulmonary Bypass Equipment Market Regional Synopsis

  • North America: It is a significant market with a high prevalence of cardiovascular disease and a well-established healthcare infrastructure in the region.
  • Europe: It is an important market with a large and aging population and a high demand for advanced medical technologies.
  • Asia Pacific: It is expected that the region will have significant growth in the coming years due to economic growth and increasing healthcare spending.
  • Latin America: It is a growing market with an increasing demand for advanced medical technologies and economic growth.
  • Middle East and Africa: The market is expected to grow, although it is currently small as compared to other regions.

Cardiopulmonary Bypass Equipment Market Segmentation

The Cardiopulmonary Bypass Equipment Market is segmented into various categories which are listed below:

By type of equipment:

  • Oxygenators
  • Heart-lung machines
  • Perfusion sets
  • Cannulae

By end-user:

  • Hospitals
  • Ambulatory surgical center
  • Research laboratories

By product application:

  • Coronary artery bypass surgery
  • Valve surgery
  • Heart transplantation surgery

By price range:

  • High-end
  • Mid-range
  • Low-end segments

By distribution channel:

  • Direct sales
  • Distributors
  • Online sales

By geography:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

cardiopulmonary bypass equipment market 

Cardiopulmonary Bypass Equipment Market Key Players

  • Livanova
  • Getinge
  • Terumo
  • Sorin Group
  • Medtronic
  • Others

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Booklet
  • Publication date: 19th September 2023
  • Base year: 2022
  • Forecast year: 2023-2033
  • Format: PDF, PPT,Word,Excel
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Frequently Asked Questions(FAQ)

Cardiopulmonary Bypass Equipment Market is estimated to reach $139.7 Million by 2032 from initial market size of $118 Million in 2022 by growing at a CAGR of 1.7% over the forecast period ( 2023 – 2032 )

The major drivers of the cardiopulmonary bypass equipment market include the increasing prevalence of cardiovascular diseases, technological advancements in cardiopulmonary bypass equipment, and the growing number of surgical procedures being performed.

The major restraints of the cardiopulmonary bypass equipment market include the high cost of the equipment and the limited availability of skilled personnel to operate the equipment.

Some of the major players in the cardiopulmonary bypass equipment market include Medtronic, Livanova, Getinge, Terumo, Sorin Group, and Medtronic.

The cardiopulmonary bypass equipment market is expected to witness significant growth in North America and Europe due to the presence of a large number of hospitals and the increasing adoption of advanced medical technologies in these regions. The Asia Pacific region is also expected to witness significant growth due to the increasing prevalence of cardiovascular diseases and the growing healthcare infrastructure in the region.

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