Latin America Perfusion Systems Market to hit USD 0. 07 billion by 2021

The Latin America Perfusion Systems Market is worth USD 0.06 billion in 2016 and estimated to grow at a CAGR of 2%, to reach USD 0.07 billion by 2021. The Latin America Perfusion Systems market is developing relatively slowly.

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The term “perfusion” is derived from the French verb ‘perfuse’ meaning to ‘pour over or through’. Perfusionists employ artificial blood pumps to push open-heart surgery patients’ blood via their body tissue, replacing the function of the heart while the cardiac surgeon operates.  When a patient’s blood is continuously removed and returned through plastic tubing to allow health care professionals to perform an artificial organ function on the blood, it is called “extra-corporeal circulation (ECC)” – outside the body blood circulation

The crucial factor driving the growth of this market is Growth in Aging Population, Increasing Incidence of Multiple Organ Failures in developed as well as developing further propels the growth of this market. Government and NGO Initiatives to Encourage Organ Donation also further drive the market growth. The limiting factors for market growth are high costs, cumbersome regulatory procedures and stringent rules of compliance. Also tough competition from local companies with low cost products are hampers the growth of this market.

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The Latin America market for Perfusion Systems is segmented on the basis of type, component, technique and region. Based on component, the market is segmented into Heart-lung Machines, Perfusion Pumps, Oxygenators, Monitoring Systems, Cannulas, and Other Components. Based on Type, the market is segmented into Bioreactor Perfusion Systems, Microfluidic Perfusion Systems, Gravity/Pressure-driven Perfusion Systems, and Small-mammal Organ Perfusion Systems. The bioreactor perfusion systems segment holds the major share of the perfusion systems market in 2016 and is projected to record the highest CAGR during the forecast period. Based on technique, the market is segmented into Hypothermic Machine Perfusion Systems, and Normothermic Machine Perfusion Systems.

Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. . The market is anticipated to keep thriving in both created and creating districts. The development is additionally credited to the developing interest in perfusion systems.

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Getinge AB (Sweden), Medtronic plc (Ireland), LivaNova PLC (U.K.), Terumo Corporation (Japan), XENIOS AG (Germany) , Repligen Corporation (U.S.), Spectrum Laboratories, Inc. (U.S.), Merck KGaA (Germany), Harvard Bioscience, Inc. (U.S.), and ALA Scientific Instruments, Inc. (U.S.)are the leaders in the LatinAmerica Perfusion Systems market.

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