Centrifugal Blood Pumps Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2020 - 2030

  • Single User License $3500

Centrifugal Blood Pumps Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2020 - 2030

Status : February, 2023 | Medical Devices

Report Digest

Global Centrifugal Blood Pumps Market – Overview

Centrifugal pump is referred to as a mechanical pump designed to move the fluid by means of transfer of the rotational energy from one or more driven rotors called impellers. The centrifugal blood pump is used to pump the blood through the extracorporeal bypass for cardiopulmonary circulatory supports. It is mainly indicated for use in cardiopulmonary support systems that does not require complete cardiopulmonary bypass like valvuloplasty and surgery of the vena cava or aorta. The advantages of using centrifugal blood pump are like providing advantage of decreased trauma to red blood cells and a less pronounced systemic inflammatory response compared with rollers pump.

Global Centrifugal Blood Pumps Market – Notable Developments

Some of the key developments in the global centrifugal blood pumps market can be given as below:

  • In December 2019, the Quantum centrifugal blood pump designed by Qura s.r.l received the approval called CE Approval.
  • In April 2020, the U.S FDA approved the device named Quantum PureFlow Centrifugal Blood Pump. This was announced by the Qura S.r.l.

Some Well-known Companies in the Global Blood Pumps Market are listed below:

  • Baxter International Inc.
  • Braile Biomedica Ltd.
  • Getinge AB.
  • Kyocera Corporation
  • LivaNova, PLC.
  • Medtronic PLC.
  • Qura SRL.
  • Terumo Corporation
  • Thoratec Corporation.
  • Xenios AG.,

Global Centrifugal Blood Pumps Market – Drivers and Restraints

There are multiple factors that are expected to help the growth curve of the centrifugal blood pumps market take shape. One of the key driving factors for the growth of the global market has been the growing presence of market participants trying to aggressively focus on developing highly advanced and technologically sound centrifugal blood pumps. This change in approach is due to the growing demand from the healthcare sector and professionals. Such developments are expected to improve chances of growth of the global market in the coming years of the forecast period ranging from 2018 to 2028. In addition to this, the rising prevalence of cardiac disorders along with steadily growing indications for hearth transplantations are also projected to help the overall development of the global centrifugal blood pumps market in the coming future. Furthermore, a rising number of cardiovascular complications arising during the COVID 19 pandemic has also fueled the growth of the global market.

Global Centrifugal Blood Pumps Market – Geographical Outlook

Based on the regional segmentation, the global centrifugal blood pumps market can be segmented into five key regions. These key regions are North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Of these, currently, the global market is being led by the regional segment of North America. The growth of the regional segment can be attributed to the presence of a highly developed and matured healthcare infrastructure. In addition to this, presence of key players operating in the region has also helped the overall development of global centrifugal blood pumps in North America.

On the other hand, the regional segment of Asia Pacific is expected to witness promising growth opportunities in the coming years of the forecast period ranging from 2018 to 2028. The growth of the region can be attributed to the increasing investments directed towards the infrastructure development of the healthcare segment. In addition to this, more activities and funding for research and development activities are also likely to help the development of centrifugal blood pumps market in the Asia Pacific region. 

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?