"Designing Growth Strategies is in our DNA"
The process of delivery of oxygenated blood to the other tissues of the body can be characterized as perfusion. During organ transplantation operations, perfusion systems are employed to provide dynamism to the blood to flow through a web of minuscular vessels within tissues in the body, which allows the exchange of oxygen and other important molecules across semipermeable microvascular walls. Organ Perfusion Systems are devices that provide extracorporeal circulation to the patient’s organ. Increase in number of cardiovascular, renal and hepatic transplant patients is expected to boost the market. Additionally, lack of physical exercise, smoking, and an increase in the number of alcohol consumption are further expected to propel the market.
Rising prevalence of organ transplant patients (liver transplant, and kidney transplant) and chronic diseases, growing geriatric population, increasing number of lifestyle-related disorders, and government initiatives for increasing awareness are some of the factors that are driving the market growth. According to Organ Donation and Transplantation - 2019, around 36,500 transplants were performed in 2018 in the U.S. alone, and a total of 121,678 transplantation procedures were planned out of these 100,791 were kidney transplantation procedures.
Moreover, favorable government policies to promote public healthcare infrastructure and rising trend of automation in the treatment processes are projected to drive the market further.
However, the cost associated with treatments such as transplantation and chronic diseases is hampering the growth of the market during the forecast period.
Key Market Driver -
Rising number of organ transplantation, increase in prevalence of chronic disorders like cardiovascular, renal and hepatic transplant patients are expected to boost the market.
Key Market Restraint -
high cost associated with the organ transplantation may restrain the market growth.
Globally, the perfusion systems market can be segmented on basis of technique, organs, product, end-users, and region. Based on the technique the market can be segmented into hypothermic and normothermic. Based on the organs, the market can be segmented into heart, lung, and others. Based on product the market can be segmented into cardiopulmonary perfusion systems, extracorporeal membrane oxygenation (ECMO), isolated organ perfusion systems, and others. The cardiopulmonary perfusion systems can be further categorized into oxygenation systems, heart-lung machines, cooling and heating devices, blood parameter monitoring systems, centrifugal blood pump systems, others. Based on the end users, the market can be segmented into hospital, clinic, ambulatory surgical centers, and others.
Geographically, the perfusion systems market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
The major companies in the global the perfusion systems market are Medtronic, GENERAL ELECTRIC COMPANY, Organ Assist Products B.V., Accuray Incorporated, Siemens Healthcare Private Limited, Shimadzu Corporation, Samsung Medison Co., Ltd., Hitachi, Ltd., XVIVO Perfusion AB, and other prominent players.
Geographically, the perfusion systems market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is likely to account for the major market share is also anticipated to retain its ascendancy throughout the forecast period. The region will prove to be a lucrative market for the perfusion systems manufacturers due to enormous healthcare expenditure and advantageous health cover policies and an increase in the number of organ donors. Europe market is estimated to hold the second-largest share in the market. According to the European Commission, 70% to 80% of healthcare resources are currently being spent on chronic diseases in the European Union where perfusion systems come into play and propel the growth of the market. However, Asia-Pacific possesses the highest potential for the growth of the market due to the rise in the geriatric population, upsurge in the prevalence of chronic diseases and an increase in the purchasing power of the countries of this region. Numerous government initiatives across different countries, like national rural and urban health mission by the Indian government and Asia Health & Wellbeing Initiatives (AHWIN) by the Japanese government, are also projected to drive the market outlook over the projected timeframe
To gain extensive insights into the market, Request for Customization
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry