Perfusion Systems Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Perfusion Systems Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : February, 2021 | Medical Devices

Report Digest

Global Perfusion Systems Market: Overview

Perfusion refers to the passage of fluid, usually blood, through the circulatory or lymphatic system to a tissue or an organ. Since poor perfusion can cause some severe health problems such as deep vein thrombosis and coronary artery disease. It has been observed that during major surgeries, particularly cardiothoracic surgeries and organ transplant, maintenance of perfusion is paramount. Static cold storage (SCS) and machine perfusion (MP) are two frequently adopted preservation processes for high-risk organs, though in the recent times, hypothermic machine perfusion (HMP) has emerged as a reliable and effective solution to meet the desired results of perfusion. More than one hundred thousand perfusion procedures are performed each year worldwide. Consequently, the demand in the global perfusion systems market is projected to expand at a healthy growth rate during the forecast period of 2017 to 2025.

Global Perfusion Systems Market: Key Trends

Increasing incidences of chronic diseases, which often lead to the requirement of organ transplant, is the primary driver of the market for perfusion systems. In addition to that, cases of organ failure due to other factors such as improper diet, smoking and consumption of alcohol, and ignorance are consistently incrementing too, which has led to the demand of effective perfusion systems. As many as 661,000 people were reported for kidney failure in the U.S. alone, as per a recent estimations made by the National Institute of Diabetes and Digestive and Kidney Diseases (NIH).

Transplantation is the only effective treatment for organ failure that reach end-stage. With technological advancements, the success rate of organ transplant has significantly increased, and augurs well for the future of the global perfusion systems market. On the other hand, lack of donors and government regulations against paid donations is the most prominent factor hindering the growth rate of the perfusion system market. As per the statistics released by the Center for Disease Control (CDC), 75,000 people had registered for organ donations while only 8,000 actual donations were available. High cost of these surgeries is another restraining factor for this market.

Based on technology, the global perfusion systems market can be segmented into normothermic and hypothermic. On the basis of organ-type, the market can be categorized into heart, lung, liver, kidney, and others.

Global Perfusion Systems Market: Market Potential

The advent of hypothermic machine perfusion is opening new possibilities for the stakeholders of this market. HMP already accounts for the maximum share of demand in the perfusion system market for its benefits such as proven alternative for cold storage of kidney preservation and helps in increasing patient’s survival rate during the transplant. Research and development is in full swing in order to check the feasibility of HMP for the transplantation of other organs such as liver, which may further increase the potential of this market in the near future.

Global Perfusion Systems Market: Regional Outlook

North America is the most lucrative region for the vendors operating in perfusion systems market due to increasing demand for organ transplant and cardiothoracic surgeries. Several government initiatives to raise the awareness for organ donation in the U.S. and Canada is expected to further increment the demand for perfusion systems in North America. Cost of these surgeries is hindering the expansion of the market in developing regions such as Asia Pacific.

Global Perfusion Systems Market: Competitive Landscape

Medtronic plc, Getinge AB, Lifeline Scientific, Inc., LivaNova PLC, XENIOS AG, XVIVO Perfusion AB, Spectrum Laboratories, Inc., Merck KGaA, Terumo Corporation, ALA Scientific Instruments, Repligen Corporation, and Harvard Bioscience, Inc. are some of the leading companies currently operating in the global perfusion systems market.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?