About Heart Lung Machine
Heart Lung Machine is artificial equipment used to function as heart and lungs during surgical processes (mostly, open heart surgeries). Using this machine, blood returning to the heart is diverted. The main components of heart-lung machine include pump, oxygenator, connecting tubing, filter and heat exchanger. and Rising cases of heart disease fueled by growing geriatrics population is expected to surge the demand for heart lung machine.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Heart Lung Machine market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Heart Lung Machine Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Heart Lung Machine market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Medtronic [Ireland], Sorin [Italy], MAQUET [Germany], Terumo [Japan], Braile Biomedica [Brazil], Blausen Medical [United States] and Soma Technology [United States] are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Jarvik Heart [United States], SynCardia Systems [United States], Edwards Lifesciences [United States] and Maquet [Germany].
Segmentation Overview
AMA Research has segmented the market of Global Heart Lung Machine market by Type (Single Roller Pump Heart Lung Machine and Double Roller Pump Heart Lung Machine), Application (Cardiac Surgery, Lung Transplant Operation and Acute Respiratory Failure Treatment) and Region.
On the basis of geography, the market of Heart Lung Machine 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).
Influencing Trend:
Increasing Medical Tourism in Asia Pacific
Market Growth Drivers:
Growing Occurrence of Heart Disease and Rising Awareness About Cardiovascular Devices and Technical Advancement and Effectiveness of Heart Lung Machine
Challenges:
Lack of Health Budgets and Favorable Reimbursement Policies in Emerging Countries
Restraints:
Lack of Skilled Professional to Operate These Devices and High Cost of These Devices
Opportunities:
Growing Government Investment in Healthcare in Emerging Countries and Awareness Activities Regarding Heart Health By Organizations
Market Leaders and their expansionary development strategies
In February 2023, UK-based medical technology firm LivaNova has announced a limited market release of its Essenz Perfusion System, designed for cardiopulmonary bypass (CPB) procedures, in selected centres across Europe. The Essenz Perfusion System consists of a next-generation heart-lung machine (HLM) and a transformative patient monitor. It prioritises data to give a patient-tailored approach to support data-driven decisions during CPB procedures.
Key Target Audience
Heart Lung Machine Manufacturers, Suppliers/Distributors, Potential Investor, Government Agencies, Research Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.