Cardiopulmonary Bypass Equipment Market Size by Segments, Share, Regulatory, Reimbursement, Installed Base and Forecast to 2033
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Cardiopulmonary Bypass Equipment Market Overview
The cardiopulmonary bypass equipment market size was $437.8 million in 2023. Factors such as the growing prevalence of chronic diseases and technological advancement will drive the cardiopulmonary bypass equipment market growth at a CAGR of more than 1% during 2023-2033.
Cardiopulmonary bypass (CPB) equipment temporarily takes over the function of the heart and lungs during open-heart surgery. Hence, this device is also known as a heart-lung machine. The equipment is used to divert the blood returning to the heart before it returns to arterial circulation.
Cardiopulmonary Bypass Equipment Market Outlook, 2023-2033 ($ Million)
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The cardiopulmonary bypass equipment market research report identifies quantitative market trends within drug cardiovascular devices therapeutic areas. The report offers regional quantitative and qualitative data highlighting the sales in major markets. The model also covers in detail the effects of COVID-19 on the cardiopulmonary bypass equipment market for 2020 and beyond. Furthermore, the report provides cardiopulmonary bypass equipment market share by company that will help in identifying untapped market opportunities.
Market Size (2023) | $437.8 million |
CAGR (2023-2033) | >1% |
Forecast Period | 2023-2033 |
Historical Period | 2015-2022 |
Key Regions | · North America
· Europe · Asia Pacific · South Central America · Middle East and Africa |
Leading Companies | · LivaNova Plc
· Medtronic Plc · Terumo Corp · Getinge AB · Braile Biomedica Ltda |
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Regional Analysis of Cardiopulmonary Bypass Equipment Market
The key regions in the cardiopulmonary bypass equipment market are North America, Europe, Asia Pacific, South Central America, and the Middle East and Africa. In 2023, the European CPB equipment market had the highest share.
Cardiovascular disease (CVD) causes more than half of all deaths across the European region. Socioeconomic factors such as improved access to healthcare and higher income levels will drive the CPB equipment market in the region in the future. Technological advancements, mergers and acquisitions, and growing healthcare awareness among people are driving factors for the cardiopulmonary bypass equipment market growth in Europe.
France follows regional cardiopulmonary bypass equipment market trends for Europe. The number of patients undergoing surgical procedures is expected to increase in the forecast years due to improved access to healthcare and medical treatment in France. This will positively impact the France cardiopulmonary bypass equipment market growth.
Cardiopulmonary Bypass Equipment Market Analysis by Regions, 2023 (%)
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Cardiopulmonary Bypass Equipment Market - Competitive Landscape
In 2023, LivaNova cardiopulmonary bypass equipment market share was the highest
A few of the leading companies in the cardiopulmonary bypass equipment market are:
- LivaNova Plc
- Medtronic Plc
- Terumo Corp
- Getinge AB
- Braile Biomedica Ltda
LivaNova PLC is the global leader in cardiovascular solutions with an established position in heart-lung machines. The company has a diverse product portfolio and is a recognized leader in the fields of cardiovascular and neuromodulation solutions. Heart-lung machines are used in more than half of all open-heart surgeries worldwide and have led the market for 40+ years. In addition, LivaNova is committed to continuous innovation with global R&D centers developing better treatments for heart conditions.
Cardiopulmonary Bypass Equipment Market Analysis by Companies, 2023 (%)
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Cardiopulmonary Bypass Equipment Market Dynamics
- Drivers: The growing prevalence of chronic diseases and an increasing adoption of unhealthy lifestyles will aid the growth of the cardiopulmonary bypass equipment market.
- Barrier: Factors such as strict regulations and the high cost of the device are expected to hinder the cardiopulmonary bypass equipment market in the near future.
- Future Outlook: The CPB equipment market is expected to sustain stable growth over the forecast period as a result of the increasing geriatric population and increased bypass-based procedures.
Segments Covered in the Report
Cardiopulmonary Bypass Equipment Regional Outlook (Value, $ Million, 2015-2033)
- North America
- Europe
- Asia Pacific
- South Central America
- Middle East & Africa
Key Inclusions of the market model are:
The cardiopulmonary bypass equipment market research report includes an insightful review of the key industry trends.
- The cardiopulmonary bypass equipment market report offers an annualized market revenue by segment and market outlooks from 2015-2033.
- The report also includes market-level data on units, average selling prices, and market values.
Regional, country, and global cardiopulmonary bypass equipment market insights:
- The cardiopulmonary bypass equipment market share report offers qualitative insights on global and regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- Cardiopulmonary bypass equipment market SWOT analysis.
- The report provides trends and Cardiopulmonary bypass equipment market competitive dynamics.
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Learn about consumer behavior through the detailed overview of segments and the healthcare system. The report also offers information on reimbursement policies and the regulatory landscape.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. These syndicated models include demand and supply-side primary sources including Key opinion leaders. In addition, determine market trends through real-world data sources including databases of government procedures and hospital purchasing.
Companies covered: LivaNova Plc, Medtronic Plc, Terumo Corp, Getinge AB, Braile Biomedica Ltda, Senko Medical Instrument Manufacturing Co Ltd, Technowood Corp, Abiomed Inc, and others.
Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina and Chile.
Scope
- Extensive coverage of the cardiopulmonary bypass equipment market under development.
- An exhaustive list of major pipeline products and their details, including product description, licensing and collaboration details, and other developmental activities.
- Reviews of major players involved in the development of the cardiopulmonary bypass equipment market and lists all their pipeline projects.
- Coverage of pipeline products based on various stages of development ranging from early development to approved/issued stage.
- Key clinical trial data of ongoing clinical trials specific to pipeline products.
- Recent developments in the segment/industry.
Reasons to Buy
- Understand the COVID-19 impact on cardiopulmonary bypass equipment.
- Design your licensing strategies through a review of products, technologies, and companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving cardiopulmonary bypass equipment.
- Understand the trends, innovative product launches, technologies, segments, and companies that will impact the market in the future.
- Formulate effective sales and marketing strategies with a detailed evaluation of cardiopulmonary bypass equipment market share by company. Identify strong competitors and create winning strategies to stand out in the global cardiopulmonary bypass equipment market.
- Track regional cardiopulmonary bypass equipment market sales as well as country-specific transactions from 2015-2033.
- Organize your sales and marketing efforts by identifying the global cardiopulmonary bypass equipment market segments that present maximum opportunities. Such details will help to make investments and strategic partnerships.
Medtronic Plc
Terumo Corp
Getinge AB
Braile Biomedica Ltda
Senko Medical Instrument Manufacturing Co Ltd
Technowood Corp
Abiomed Inc
Frequently asked questions
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What was the cardiopulmonary bypass equipment market size in 2023?
The cardiopulmonary bypass equipment market size was $437.8 million in 2023.
-
What will the cardiopulmonary bypass equipment market growth rate be during the forecast period?
The cardiopulmonary bypass equipment market is expected to grow at a CAGR of more than 1% during 2023-2033.
-
Which region dominated the cardiopulmonary bypass equipment market in 2023?
Europe dominated the overall cardiopulmonary bypass equipment market in 2023.
-
Which are the leading companies in the cardiopulmonary bypass equipment market?
A few of the leading companies in the cardiopulmonary bypass equipment market are LivaNova Plc, Medtronic Plc, Terumo Corp, Getinge AB, and Braile Biomedica Ltda, among others.
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