The global demand for Artificial Heart-Lung Machine Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX K Units in 2021 and forecast to touch XX K Units by 2028 with a CAGR of XX% during 2022-2028.
An artificial heart-lung machine is an apparatus that does the work both of the heart and the lungs during surgery, such as open-heart surgery to bypass. An artificial heart-lung machine plays a vital role in the development and progress of cardiac surgery. It aims to provide oxygenated blood flow to the body organs when an organ is under surgery. The machine's primary function is to pump blood, oxygenate the body, and then pump it back into the arterial system without interruption of blood flow. The artificial heart-lung machine consists of pumps, oxygenators, temperature regulators, and filters. Besides pumping blood and oxygenating, the machine also provides intracardiac suction, filtration, and temperature control.
Market Dynamics
The global artificial heart-lung machine market will grow significantly due to the growing aging population and a growing number of cardiovascular diseases. Cardiovascular diseases are one of the foremost death cause globally, and treatment is based on surgery, medication, and the installation of healthy habits. Among the treatments, the surgical one is the most proliferating exponentially over the years. This contributes to the growing demand for cardiovascular diseases. According to United Stations, there were 703 million persons aged 65 years or over in 2019, forecasted to double to 1.5 billion in 2050. This will positively impact the artificial heart-lung machine. Advancing research in the field and the technical advances in terms of arterial cannulation, venous drainage and cannulation, hemofiltration, organ preservation, brain protection, temperature management, anticoagulation therapy, and monitoring will upsurge market growth further. However, Poor access to cardiothoracic surgery and incidence of complications after cardiac surgery may hinder market growth to some extent.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of artificial heart-lung machine. The growth and trends of Artificial Heart-Lung Machine Industry provide a holistic approach to this study.
Market Segmentation
This section of the artificial heart-lung machine market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Single Roller Pump
- Double Roller Pump
By Application
- Cardiac Surgery
- Lung Transplantation Operations
- Acute Respiratory Failure Treatment
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Artificial Heart-Lung Machine market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Artificial Heart-Lung Machine Market Share by Region (Representative Graph)
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The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the artificial heart-lung machine market include Medtronic Inc., Sorin Group, MAQUET GmbH & Co. KG, Terumo Corporation, C. R. Bard Inc., Edwards Lifesciences, Braile Biomedica, Tianjin Medical, SynCardia, Jarvik Heart. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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