What is Medical Perfusion System Market?
Perfusion products are used to temporarily replace the functions of the heart and lungs during cardiac and thoracic surgery procedures. Ideal simulation of various physiological conditions in blood vessels - a pump system for the cultivation of, e.g. endothelial, cells under flow. Innovative technologies, sophisticated control logic systems, cell culture supplements and single-use assemblies have tremendously simplified implementation, establishing perfusion as the cornerstone of intensification and continuous processing. According to source in 2019, 39,718 organ transplants were performed in the United States.
The market study is being classified by Type (Bioreactor, Microfluidic, Gravity or Pressure-Driven and Small-Mammal Organ), by Application (Cardiovascular Diseases and Respiratory Diseases) and major geographies with country level break-up.
MDE GmbH (Germany), Getinge AB (Sweden), Medtronic plc (Ireland), LivaNova PLC (United Kingdom), Terumo Corporation (Japan), XENIOS AG (Germany), Lifeline Scientific, Inc. (United States), XVIVO Perfusion AB (Sweden), Repligen Corporation (United States), Spectrum Laboratories, Inc. (United States), Merck KGaA (Germany), Harvard Bioscience, Inc. (United States), ALA Scientific Instruments, Inc. (United States) and Nipro Corporation (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Organ Assist B.V. (Netherlands).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Medical Perfusion System market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Medical Perfusion System market by Type, Application and Region.
On the basis of geography, the market of Medical Perfusion System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Number of Organ Transplantations Due To Incidence of Multiple Organ Failure
- Growing Prevalence of Cardiovascular and Respiratory Diseases
Market Trend
- Technological Advancements in Medical Devices
Restraints
- Ethical Concerns and High Cost of Cell-Based Research
Opportunities
- Rising Pharmaceutical Research in Emerging Markets
- Increasing Initiatives to Promote Organ Donation
Key Target Audience
Manufacturers of Perfusion System, Suppliers of Perfusion System, Wholesalers, Distributors and Retailers of Perfusion System, Healthcare Industry, Perfusion System Components Manufacturers, Regulatory Bodies and Governmental bodies