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According to The Business Research Company’s Perfusion Systems Global Market Report 2023, the anticipated growth trajectory of the global perfusion systems market indicates an increase from $1.13 billion in 2022 to $1.24 billion in 2023, reflecting a compound annual growth rate (CAGR) of 9.8%. Additionally, the market is projected to reach a size of $1.79 billion by 2027, with a steady CAGR of 9.8%.

What was the principal catalyst in the perfusion systems market?
The upward trend in the number of organ transplants is anticipated to propel the expansion of the perfusion systems market in the forthcoming period. Organ transplants involve a surgical procedure in which a damaged or diseased organ is removed from a donor and transplanted into a recipient suffering from organ failure or disease. Perfusion systems play a crucial role in preserving and transporting organs during the transplantation process, thus significantly impacting the viability of the donated organs. For instance, as of January 2021, the Organ Procurement and Transplantation Network, a non-profit organization based in the US, reported that there were 41,354 organ transplants conducted in the US. This marked a 5.9% increase compared to the transplants performed in 2020. Hence, the surge in organ transplants is contributing to the demand for perfusion systems.

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What was the key trend in the perfusion systems market?
Product innovation has emerged as a key trend that has gained traction in the perfusion systems market. Leading market players in the perfusion systems sector are directing their efforts towards introducing innovative products to fortify their market positions. For example, in February 2023, LivaNova, a UK-based provider of neuromodulation devices and cardiopulmonary products, introduced the Essenz perfusion system in Europe. The Essenz system stands as a compact, modular, and portable cardiopulmonary bypass (CPB) system designed for cardiac surgeries. Its modular design enables customization to meet the specific requirements of individual patients and surgical procedures. The system’s compact and portable nature allows for easy transportation and setup across various clinical settings.

Which region dominated the perfusion systems market?
North America stood as the largest region in the perfusion systems market in 2022. The global perfusion systems market report encompasses regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Who are the prominent players in the perfusion systems market?
Key players in the perfusion systems market include 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, Lifeline Scientific Inc, XENIOS AG, General Healthcare Resources LLC, Siemens Healthcare Private Limited, Shimadzu Corporation, and Samsung Medison Co. Ltd. The countries covered in the perfusion systems market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

Key perfusion systems market segments
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

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The Perfusion Systems Global Market Report 2023  offers a comprehensive overview of the perfusion systems market’s size, trends, drivers, opportunities, strategies, and competitive analysis. Businesses can leverage these reports to analyze data effectively and formulate well-informed strategies.

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