Oct 17, 2019 (AB Digital via COMTEX) -- Perfusion System Market Size, Trends and Growth Analysis By Type (Cardiopulmonary Bypass, Isolated Limb Perfusion,), Application (Heart, Lung, & Others), By Device Type (Normothermic Machine Perfusion), End User and Regional Insights, Forecast To 2023
Global Perfusion System Market size is anticipated to reach USD 1,527 MN by 2023 posting approximately 4.1% CAGR throughout the assessment period (2017-2023) says Market Research Future (MRFR).
Over the last three decades, perfusions have evolved hugely, demonstrating remarkable advances which are leading to driving the growth of the market.
Perfusion system market expected to witness enhanced growth owing to increasing awareness about associated surgeries required to managing these diseases and escalating the perfusion system market globally.
Perfusion system market is projected to witness substantial growth due to increasing population and urbanization led by the improving economic conditions that are increasingly expanding the access to the quality healthcare.
Furthermore, the growing number of heart and kidney bypass surgeries and the growing prevalence of coronary diseases alongside the rapid uptake of advanced technologies and devices in the surgical process drive the growth in the regional market.
The global Perfusion System Market size is expected to value at USD 183.8 million by 2025.
Globally, the perfusion system market is predicted to grow at a CAGR of 8.7% in forecast period, providing numerous opportunities for market players to invest in research and development in the market.However, limited supply of resources is one of the prominent factor restraining market growth, in the recent years.
Yet, recent innovation such as Machine Perfusion (MP) and Static Cold Storage (SCS) that are widely used as the preservation methods, are helping to curb this issue.
Static Cold Storage (SCS) are increasingly adopted for preservation of organs, yet, they are incompetent to store high-risk organs.
Higher success rates associated with these treatments in the recent years is estimated to boost the growth of perfusion system industry.However, decline in number of organ donors are resulting in shortage in numerous medical facilities across the globe, thus hampering market growth to certain extent.
Large number of benefits associated with early adoption of Hypothermic Machine Perfusion (HMP) such as kidney preservation alongside a cold storage, are offering required level safety and improved shelf life of an organ before transplantation procedure.During surgical procedure such as kidney transplant surgery, it aids in aggregating patient survival rate and overall success rate of the surgical procedure performed worldwide.
