Perfusion Systems Market : Key Developments, Outlook, Analysis & Forecast to 2017 – 2025

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).

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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.

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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.

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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.

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments

  • Market trends and dynamics

  • Supply and demand chain of the market

  • Market valuation (revenue and/or volume)

  • Key trends/opportunities/challenges

  • Forces defining present and estimated future state of the competitive landscape

  • Technological developments

  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America

  • Latin America

  • Europe

  • Asia Pacific

  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market

  • Recent developments in the market’s competitive landscape

  • Detailed analysis of market segments up to second or third level of segmentation

  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume

Key business strategies adopted by influential market vendors

  • Outline of the regulatory framework surrounding and governing numerous aspects of the market

  • Growth opportunities in emerging and established markets

  • Recommendations to market players to stay ahead of the competition

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