Global Perfusion Systems Market Size 2024, Forecast To 2033
6 Mar, 2024
The perfusion systems market size has grown rapidly in recent years. It will grow from $1.24 billion in 2023 to $1.36 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to foundational research in perfusion science, introduction of hypothermia techniques, inception of cardiopulmonary bypass, early heart-lung machine development. The perfusion systems market size is expected to see strong growth in the next few years. It will grow to $1.96 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to focus on patient outcomes, rise in cardiovascular surgeries, expansion of minimally invasive procedures, increased ECMO usage, global healthcare infrastructure development, growing geriatric population. Major trends in the forecast period include portable and compact designs, automation and robotics integration, remote monitoring and telemedicine, modular and customizable platforms, advanced data analytics and AI.
Global Perfusion Systems Market Key Driver
The rising number of organ transplants is expected to propel the growth of the perfusion systems market going forward. Organ transplants refer to a surgical procedure where a diseased or damaged organ is removed from a donor and transplanted into a recipient who needs it due to organ failure or disease. Perfusion systems are used to preserve and transport organs during the transplantation process, and play a critical role in maintaining the viability of the donated organs. For instance, in January 2021, according to Organ Procurement And Transplantation Network, a US-based non-profit organization, 41,354 organ transplants were performed in the US. This represents a 5.9 % increase over the number of transplants performed in 2020. Therefore, the rise in the number of organ transplants is driving the demand for the perfusion systems market. Market size projections indicate significant potential for expansion by 2024 and 2028.
Get A Free Sample Of The Global Perfusion Systems Market ReportGlobal Perfusion Systems Market Segments
The perfusion systems market covered in this report is segmented –
1) By Product: Cardiopulmonary Perfusion System, Extracorporeal membrane oxygenation (ECMO), Isolated Organ Perfusion Systems, Other Products
2) By Type Of Organ: Heart, Lung, Kidney, Liver, Other Type Of Organs
3) By Technique: Hypothermic, Normothermic
4) By End-User: Hospital, Clinic, Ambulatory Surgical Centers, Other End-users
By Geography:The regions covered in the perfusion systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the perfusion systems market in 2023. The regions covered in the perfusion systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Perfusion Systems Industry Players
Getinge AB , Medtronic plc , LivaNova PLC , Terumo Corporation, Lifeline Scientific Inc., XVIVO Perfusion AB , Repligen Corporation , Spectrum Laboratories Inc. , Merck KGaA , Harvard Bioscience Inc. , ALA Scientific Instruments Inc. , Accuray Incorporated, XENIOS AG , General Healthcare Resources LLC, Siemens Healthcare Private Limited Shimadzu Corporation, Samsung Medison Co. Ltd., GENERAL ELECTRIC COMPANY, Organ Assist Products B.V., Shimadzu Corporation, Hitachi Ltd., Bioptechs Inc., Cytiva Company, Sorin Group, Organ Recovery Systems Inc., TransMedics Inc., Waters Medical Systems LLC, Paragonix Technologies Inc., Bridge to Life (Europe) Ltd., OrganOx Limited, Preservation Solutions Inc.
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Perfusion Systems Market Overview
Perfusion systems refer to medical devices used to support the circulation and oxygenation of a patient's blood during surgical procedures that require temporary interruption of the heart's normal function. It is commonly used in cardiac surgery, organ transplants and other procedures that require temporary organ function replacement.
Perfusion Systems Global Market Report 2023 provides data on the global perfusion systems market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The perfusion systems market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.