Global Cardiopulmonary Bypass Accessory Equipment Market Size
Medical Equipment

What Are The 5 Takeaways From The Cardiopulmonary Bypass Accessory Equipment Market Overview 2024

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The cardiopulmonary bypass accessory equipment market has experienced significant growth in recent years, with its size increasing from $14.63 billion in 2023 to $15.6 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. This growth is attributed to increasing awareness of cardiovascular disease, the expansion of specialized cardiothoracic surgery programs, a rising number of organ transplant survivors, a higher incidence of cardiac illnesses, and a growing aging population. The market is expected to continue its strong growth trajectory, reaching $20.28 billion by 2028 with a CAGR of 6.8%. This growth is supported by rising prevalence of cardiovascular disease, growing incidence of acute respiratory failure, expanding and modernizing healthcare facilities, increased funding and investments, and a rise in medical tourism. Major trends for the forecast period include the integration with digital health technologies, miniaturization and development of portable devices, use of biocompatible and advanced materials, integration of artificial intelligence, and a surge in product development activities.

The increasing prevalence of acute respiratory failure is expected to drive the growth of the cardiopulmonary bypass accessory equipment market. Acute respiratory failure, a condition where the respiratory system fails in one or both gas exchange activities, is rising due to factors like aging, infectious diseases, and medical procedures. Cardiopulmonary bypass equipment addresses this demand by offering advanced respiratory support, crucial for managing severe respiratory distress in ICUs and hospitals. For example, in April 2024, the Australian Bureau of Statistics reported 361 deaths due to respiratory syncytial virus (RSV) in 2023, up from 241 in 2022. Thus, the growing prevalence of acute respiratory failure is expected to propel the cardiopulmonary bypass accessory equipment market.

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What Are The Key Trends That Influence Cardiopulmonary Bypass Accessory Equipment Market Share Analysis?
Major companies operating in the cardiopulmonary bypass accessory equipment market are developing advanced perfusion systems to ensure safe and effective cardiopulmonary bypass procedures through advanced features and better clinical workflows. The perfusion system comprises a next-generation heart-lung machine (HLM) and precise sensing technology for data-driven decision-making for safe cardiopulmonary bypass (CPB) management. For instance, in March 2023, LiveNova PLC, a UK-based company that develops devices used for cardiac surgery, launched the Essenz Heart-Lung Machine (HLM) and Essenz Patient Monitor, which together form the Essenz Perfusion System. Essenz’s heart-lung machine system, based on LivaNova’s proven S5 HLM, enhances clinical workflows and patient care quality. The device has several elements that prevent air bubbles and other possible emboli from entering the patient’s bloodstream, lowering the risk of stroke and other problems. It features intra-operative quality indicator thresholds and goal-directed perfusion (GDP) modules to provide personalized patient care strategies.

How Is The Global Cardiopulmonary Bypass Accessory Equipment Market Segmented?
1) By Product Type: Single Roller Pump; Double Roller Pump
2) By Operation: Manually Operated; Electrically Operated; Battery Operated
3) By Distribution Channel: Direct Tender; Third-Party Distributor; Retail Sales
4) By Application: Lung Transplant Operation; Acute Respiratory Failure Treatment; Cardiac Surgery; Other Applications
5) By End-Use: Hospitals; Ambulatory Care Centers; Surgical Centers; Other End-Uses

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The Cardiopulmonary Bypass Accessory Equipment Global Market Report 2024 provides an overview of the cardiopulmonary bypass accessory equipment market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cardiopulmonary bypass accessory equipment market forecast analyzes cardiopulmonary bypass accessory equipment market size, cardiopulmonary bypass accessory equipment market share, leading competitor and their market positions.

The Table Of Content For The Cardiopulmonary Bypass Accessory Equipment Market Include:

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