2024 Pediatric Perfusion Market Analysis: Market Size, Key Drivers, and Segment Insights
Save up to 30% on The Business Research Company’s comprehensive market research reports for a limited time only!
What Will Be the Growth Trajectory of the Pediatric Perfusion Market from 2024 to 2033?
In recent times, the pediatric perfusion market has witnessed robust growth. The market is projected to expand from $2.52 billion in 2023 to $2.73 billion in 2024, boasting a Compound Annual Growth Rate (CAGR) of 8.4%. This substantial growth during the historic period can be credited to significant advancements in early pediatric cardiac surgery, innovative perfusion techniques, development of pediatric perfusion equipment, fundamental research in pediatric cardiology, and the establishment of specialized pediatric heart centers.
The projected expansion of the pediatric perfusion market is anticipated to be robust in the coming years, reaching a value of $3.69 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. This growth during the predicted period can be credited to the worldwide expansion of services for pediatric cardiac care, progression in neuroprotection, and investment in pediatric heart health, as well as the creation of tailored perfusion solutions and an increase in the use of hybrid operating rooms. Key trends for the forecast period encompass research into pediatric heart health, ongoing education and training, emphasis on neuroprotection, the creation of pediatric-specific equipment, and the evolution of cannulation techniques.
Claim Your Free Sample of the Global Pediatric Perfusion Market Report Today!
https://www.thebusinessresearchcompany.com/sample.aspx?id=10717&type=smp
What Are the Primary Growth Drivers for the pediatric perfusion Market?
The projected increase in cardiac congenital disorders is anticipated to push the pediatric perfusion market’s growth upwards. These disorders are birth defects that can hinder the baby’s heart development and functionality, impacting the flow of blood from the heart to other bodily organs. Pediatric perfusion is frequently used in cardiac surgeries to fix or amend heart structural defects. The operations may include procedures like ventricular septal defect (VSD) repair, atrial septal defect (ASD) repair, tetralogy of Fallot (TOF) repair, coarctation of the aorta repair, among others. For example, the World Health Organization stated in February 2023 that congenital diseases are believed to result in 240,000 newborn deaths worldwide within the first 28 days of birth each year. Moreover, the Center for Diseases Control (CDC) reported in January 2022 that about 40,000 births in the United States each year experience a congenital cardiac abnormality, representing approximately 1% of the global population. Hence, the increase in cardiac congenital disorders is fuelling the growth of pediatric perfusion.
What Are the Defining Segments of the Pediatric Perfusion Market?
1) By Product: Pediatric Cannulae, Pediatric Centrifugal Blood Pumps, Pediatric Arterial Filters, Hem concentrators, HMS Plus Hemostasis Management System, Pediatric Oxygenators
2) By Procedure Type: Pediatric Cardiac Surgeries, Pediatric Organ Transplantation, Pediatric Extracorporeal Life Support (ECLS)
3) By End-User: Hospitals, Clinics, Ambulatory Surgical Centers, Other End-users
What Trends Are Revolutionizing Standards in the Pediatric Perfusion Market?
One of the major trends emerging in the pediatric perfusion market is focused on product innovations. Key industry players are pursuing the development of new technologies like cardiopulmonary bypass (CPB), cardiovascular perfusion, and other extracorporeal technological advancements such as advanced oxygenators, pediatric cardiac surgery, miniaturized extracorporeal circulation (MECC) systems, and closed-loop perfusion systems. For instance, in March 2023, LivaNova, a UK-based medical device manufacturer, introduced the Essenz Heart-Lung Machine in the US market, having received 510(k) clearance from the U.S. Food and Drug Administration. The combination of LivaNova’s patient monitor with the Essenz Heart-Lung Machine constitutes a perfusion system applied in cardiopulmonary bypass procedures. This system functions as the heart and lungs of the patient during an open-heart surgery. Notably, it is designed for both adult and pediatric patients and is mast-mounted to minimize distractions and maintain cleanliness. The cockpit offers a centralized control point for device operation and tracking all perfusion and patient data, also facilitating interaction with external operating room equipment and hospital information systems.
Order Now for Fast Delivery of Your Pediatric Perfusion Market Report!
https://www.thebusinessresearchcompany.com/report/pediatric-perfusion-global-market-report
What Regions Are Propelling Growth in the Pediatric Perfusion Industry?
North America was the largest region in the pediatric perfusion market in 2023. The regions covered in the pediatric perfusion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Pediatric Perfusion 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 pediatric perfusion market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Pediatric Perfusion Market Include
1. Pediatric Perfusion Market Executive Summary
2. Pediatric Perfusion Market Segments
3. Pediatric Perfusion Market Size And Template Market Growth Rate
4. Key Pediatric Perfusion Market Trends
5. Major Pediatric Perfusion Market Drivers
……
25. Key Mergers And Acquisitions In The Pediatric Perfusion Market
26. Top Pediatric Perfusion Companies
27. Pediatric Perfusion Market Opportunities And Strategies
28. Pediatric Perfusion Market, Conclusions And Recommendations
29. Appendix
Discover Related Reports by The Business Research Company:
Air Purification Equipment Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/air-purification-equipment-global-market-report
Peripheral Vascular Devices And Equipment Global Market Report 2024
Respiratory Devices And Equipment (Therapeutic) Global Market Report 2024
Learn More About The Business Research Company
The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
