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What Growth Rate is the Artificial Lung Market Anticipated to Experience from 2024-2033?
The artificial lung market has seen rapid growth, expected to rise from $2.06 billion in 2023 to $2.31 billion in 2024, at a CAGR of 11.9%. This increase can be attributed to greater awareness among healthcare professionals, improved market penetration, applications in home care settings, rising medical tourism, and advancements in healthcare infrastructure.

The artificial lung market is projected to grow to $3.63 billion by 2028 at a CAGR of 12.0%. This growth is driven by the rising prevalence of respiratory diseases, improvements in healthcare facilities, acceptance of minimally invasive procedures, enhanced quality of life for patients, and the increase in chronic obstructive pulmonary diseases. Trends include wireless technology integration, AI adoption, advances in genomics and medical technology, and development of smaller, portable artificial lungs.

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What Are the Significant Influencers of Growth in the 2024 Artificial Lung Market Outlook: Size, Share, and Key Growth Drivers Market?
The artificial lung market is anticipated to grow due to the rising prevalence of respiratory diseases. This increase is attributed to factors like air pollution and lifestyle changes, resulting in significant public health challenges. Artificial lungs assist patients by providing oxygenation and removing carbon dioxide. A report from the Australian Institute of Health and Welfare noted that approximately 8.5 million Australians, or 34% of the population, were estimated to have chronic respiratory conditions in 2024. Therefore, the prevalence of respiratory diseases is driving the artificial lung market.

What Key Segments Define the Artificial Lung Market?
1) By Product Type: Single Roller Pump Heart Lung Machines; Double Roller Pump Heart Lungs Machines; Bubble Artificial Lung; Membrane Artificial Lung
2) By Application: Cardiac Surgery; Lung Transplant Operation; Acute Respiratory Failure Treatment; Other Applications
3) By End-Users: Hospital; Emergency Center; Other End-users

What Are the Key Developments Shaping the Artificial Lung Market?
The artificial lung market is seeing innovations in respiratory support systems. In December 2021, ALung Technologies received FDA approval for the Hemolung Respiratory Support System, designed for effective CO2 removal in patients with acute respiratory failure.

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What Regions Are Driving Expansion in the Artificial Lung Market?
North America was the largest region in the artificial lung market in 2023. The regions covered in the artificial lung market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Artificial Lung Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the artificial lung market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Artificial Lung Market Include

1. Artificial Lung Market Executive Summary
2. Artificial Lung Market Segments
3. Artificial Lung Market Size And Template Market Growth Rate
4.  Key Artificial Lung Market Trends
5. Major Artificial Lung Market Drivers
……
25. Key Mergers And Acquisitions In The Artificial Lung Market
26. Top Artificial Lung Companies
27. Artificial Lung Market Opportunities And Strategies
28. Artificial Lung Market, Conclusions And Recommendations
29. Appendix

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