Perfusion System Market report published by Value Market Research, which studies the future outlook of the market. It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2022-2028.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the perfusion system market include Getinge AB, Medtronic plc, LivaNova, Terumo Corporation, Nipro Corporation, XENIOS AG, Repligen Corporation, Spectrum Laboratories Inc., Merck KGaA, Harvard Bioscience Inc., ALA Scientific Instruments, Inc., Lifeline Scientific Inc, XVIVO Perfusion AB. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The global perfusion system market is likely to grow with the increasing prevalence of cardiovascular and respiratory diseases across the globe. Moreover, improper diet, smoking and consumption of alcohol also leads to organ failure, which has led to the demand for effective perfusion systems. Furthermore, the perfusion systems market is also driven by the significant growth of the pharmaceutical and biotechnology industries. Additionally, technological development holds a significant opportunity for market growth in the coming years. However, a lack of awareness regarding perfusion systems in developing countries can limit the growth of this market.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of perfusion system. The growth and trends of perfusion system industry provide a holistic approach to this study.
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Market Segmentation
This section of the perfusion system market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Application
· Cardiopulmonary Perfusion System (Oxygenators, Heart-Lung Machine, Perfusion Pumps, Cannula, Monitoring System, Others)
· Cell Perfusion System (Bioreactor Perfusion System, Microfluidic Perfusion System, Gravity/Pressure-Driven Perfusion System, Small Mammal Organ Perfusion System)
· Ex-Vivo Organ Perfusion System (Hypothermic, Normothermic)
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Perfusion System market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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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.
