Cardiopulmonary bypass equipment plays a vital role in all open-heart surgeries by providing temporary support to the heart and lungs during surgery. It consists of pumps, oxygenators, cannulae, blood tubing, and filters. These are used to drain deoxygenated blood, filter it, oxygenate it, and pump it back to the body during cardiac surgery. With increasing use of Minimally Invasive Direct Coronary Artery Bypass grafting and off-pump coronary artery bypass grafting techniques, the demand for cardiopulmonary bypass equipment is rising globally.

The global cardiopulmonary bypass equipment market is estimated to be valued at US$ 138.26 Mn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
The rising prevalence of cardiovascular diseases is one of the major drivers contributing to the growth of the cardiopulmonary bypass equipment market. According to the American Heart Association, cardiovascular diseases are the leading global cause of death, accounting for over 17.9 million deaths per year. Additionally, growing obese and geriatric populations are increasing the risk of developing cardiovascular conditions which is subsequently fuelling the demand for cardiopulmonary bypass equipment significantly. Another major driver is the advancements in medical technology and increasing adoption of minimally invasive cardiac surgeries which utilizes cardiopulmonary bypass machines extensively. However, high costs associated with cardiac surgeries and equipment may hamper market growth over the forecast period.

SWOT Analysis

Strength: Cardiopulmonary bypass equipment allows temporary bypass of blood flow during cardiac and pulmonary surgeries, reducing risks to patients. Technological advances have made these systems more compact and portable. Growing acceptance of minimally invasive cardiac procedures boosts demand.

Weakness: High costs associated with cardiopulmonary bypass systems limits their adoption in price sensitive markets. Learning curve for healthcare professionals to efficiently operate these complex systems.

Opportunity: Rising global disease burden of cardiac disorders and lung diseases increases the number of surgeries requiring cardiopulmonary bypass support. Untapped markets in developing nations present lucrative opportunities.

Threats: Stringent regulatory approvals for new product launches increases compliance costs for market players. Supply chain disruptions during pandemic impacted production and availability.

Key Takeaways

The Global Cardiopulmonary Bypass Equipment Market Share is expected to witness high over the forecast period driven by increasing burden of cardiac and pulmonary diseases worldwide. The global cardiopulmonary bypass equipment market is estimated to be valued at US$ 138.26 Mn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2031.

The North American region currently dominates the market owing to high healthcare expenditure, availability of advanced medical technologies, and favorable reimbursement policies for cardiopulmonary surgeries in countries like the US and Canada. Asia Pacific is expected to be the fastest growing regional market propelled by rapidly aging populations, growing medical tourism industries and increasing investments by both public and private sectors to strengthen healthcare systems across countries.

Key players operating in the cardiopulmonary bypass equipment market are Dow, Henkel, BASF, Nordson, LORD Corporation, H.B. Fuller, Siltech Corporation, Qualcomm, Broadcom, Skyworks Solutions and Qorvo. Stryker Corporation recently acquired Wright Medical Group expanding its global footprint. Market leaders are investing in R&D to develop next generation portable systems with improved biocompatibility and reduced blood trauma for enhanced patient outcomes. Partnerships with medical device OEMs and hospitals are a key focus to increase availability.

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