The global demand for Perfusion System Market is presumed to reach the market size of nearly USD 7.68 BN by 2030 from USD 4.24 BN in 2022 with a CAGR of 6.82% under the study period 2023 - 2030.
Perfusion system is a device used to deliver oxygenated blood to the body during surgery. Perfusion systems are used in heart surgeries where perfusion experts thrust patients' blood by employing artificial blood pumps, which replace the heart's function while the cardiac surgeon operates. Perfusion systems are also used in chemotherapy for the treatment of melanoma present in the arm or legs. Perfusion system technique temporarily stops blood flow in the limb, allowing anticancer drugs to be injected directly into the limb's blood. Organ transplant surgeries use perfusion systems as they help replace the organ's function during the operation by pumping blood throughout the body.
Market Dynamics
The global perfusion system market is likely to grow with the increasing prevalence of cardiovascular and respiratory diseases across the globe. Moreover, improper diet, smoking and consumption of alcohol also leads to organ failure, which has led to the demand for effective perfusion systems. Furthermore, the perfusion systems market is also driven by the significant growth of the pharmaceutical and biotechnology industries. Additionally, technological development holds a significant opportunity for market growth in the coming years. However, a lack of awareness regarding perfusion systems in developing countries can limit the growth of this market.
The research 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 perfusion system. The growth and trends of perfusion system industry provide a holistic approach to this study.
Market Segmentation
This section of the perfusion system market report provides detailed data on the segments 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 Application
- Cardiopulmonary Perfusion System (Oxygenators, Heart-Lung Machine, Perfusion Pumps, Cannula, Monitoring System, Others)
- Cell Perfusion System (Bioreactor Perfusion System, Microfluidic Perfusion System, Gravity/Pressure-Driven Perfusion System, Small Mammal Organ Perfusion System)
- Ex-Vivo Organ Perfusion System (Hypothermic, Normothermic)
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Perfusion System 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 Perfusion System Market Share by Region (Representative Graph)
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 Perfusion System market include Getinge AB, Medtronic plc, LivaNova, Terumo Corporation, Nipro Corporation, XENIOS AG, Repligen Corporation, Spectrum Laboratories Inc., Merck KGaA, Harvard Bioscience Inc., ALA Scientific Instruments, Inc., Lifeline Scientific Inc, XVIVO Perfusion AB. 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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