Key Drivers and Opportunities in the Cardiopulmonary Bypass Accessory Equipment Market: Insights into Trends and Growth
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What Long-Term Growth Rate is Expected for the Cardiopulmonary Bypass Accessory Equipment Market Between 2025 and 2034?
In recent times, the market size for cardiopulmonary bypass accessory equipment has experienced substantial growth. It is projected to escalate from $15.6 billion in 2024 to $16.7 billion in 2025, representing a compound annual growth rate (CAGR) of 7.0%. The growth during the historic period can be credited to factors such as heightened awareness about cardiovascular disease, the expansion of specialized cardiothoracic surgery programs, an increase in survivors of organ transplants, a surge in cardiac illness cases, and a rising aging population.
Expectations are high for robust expansion in the market for cardiopulmonary bypass accessory equipment in the coming years. The market is projected to reach $21.62 billion by 2029, showing a compound annual growth rate (CAGR) of 6.7%. This predicted growth during the forecast period is due to factors such as an increase in cardiovascular disease cases, a rising incidence of acute respiratory failure, improvement and modernization of health facilities, an increase in funding and investment, and growth in medical tourism. The market trends anticipated during this period include compatibility with digital health technologies, downsizing and creation of portable devices, use of advanced, biocompatible materials, incorporation of artificial intelligence, and an increase in product development efforts.
How Are the key drivers Contributing to the Expansion of the Cardiopulmonary Bypass Accessory Equipment Market?
The rising instances of acute respiratory failure are anticipated to fuel the expansion of the cardiopulmonary bypass accessory equipment market. Acute respiratory failure takes place when one or both gas exchange functions of the respiratory system, such as oxygenation and the removal of carbon dioxide, are unsuccessful. The increment in acute respiratory failure can be attributed to numerous factors, including an aging population, infectious diseases, and certain medical procedures. Advanced respiratory support is provided by cardiopulmonary bypass equipment, which delivers inclusive oxygenation and manages ventilation in ICUs and hospitals, effectively handling intricate respiratory distress instances. For example, in April 2024, the Australian Bureau of Statistics, a government agency based in Australia, reported a rise in deaths due to the respiratory syncytial virus (RSV) from 241 in 2022 to 361 in 2023. Therefore, the rise in acute respiratory failures is promoting the expansion of the cardiopulmonary bypass accessory equipment market.
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What Are the Key Firms That Are Driving Transformation in the Cardiopulmonary Bypass Accessory Equipment Market?
Major companies operating in the cardiopulmonary bypass accessory equipment market are:
• Abbott
• Medtronic
• Fresenius Medical Care
• Terumo Corporation
• Edwards Lifesciences Corporation
What Current Trends in the Cardiopulmonary Bypass Accessory Equipment Market Should Industry Players Pay Attention To?
Leading businesses in the cardiopulmonary bypass accessory equipment market are innovating advanced perfusion systems to facilitate efficient and safe cardiopulmonary bypass procedures via refined attributes and improved clinical processes. These perfusion systems include an upgraded heart-lung machine (HLM) and accurate sensing technology for fact-based decision-making related to safe cardiopulmonary bypass (CPB) management. For example, in March 2023, LiveNova PLC, a UK-based firm that creates cardiac surgery devices, unveiled the Essenz Heart-Lung Machine (HLM) and Essenz Patient Monitor, collectively known as the Essenz Perfusion System. The heart-lung system of Essenz, grounded on LivaNova’s proven S5 HLM, optimizes clinical processes and enhances patient care standards. The device incorporates several components that bar air bubbles and potential emboli from entering the patient’s blood circulation, reducing chances of stroke and other complications. It also includes intra-operative quality indicator thresholds and goal-oriented perfusion (GDP) modules for tailor-made patient care strategies.
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Which Key Segments Stand Out in Understanding the Composition of the Cardiopulmonary Bypass Accessory Equipment Market?
The cardiopulmonary bypass accessory equipment market covered in this report is 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
Subsegments:
1) By Single Roller Pump: By Disposable Single Roller Pump, Reusable Single Roller Pump
2) By Double Roller Pump: By Disposable Double Roller Pump, Reusable Double Roller Pump
What Regions Are Driving Expansion in the Cardiopulmonary Bypass Accessory Equipment Market?
North America was the largest region in the cardiopulmonary bypass accessory equipment market in 2024. The regions covered in the cardiopulmonary bypass accessory equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does the Definition of the Cardiopulmonary Bypass Accessory Equipment Market Include?
Cardiopulmonary bypass (CPB) accessory equipment are devices and instruments used during cardiac surgery with CPB to keep blood circulation and oxygenation outside the body after the heart stops. These accessories regulate blood temperature and filter out microemboli, protecting the patient’s systemic circulation.
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