Artificial Heart Lung Machine Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

An Artificial heart-lung machine is a machine that temporarily takes over the function of the heart and lungs during surgery, maintaining the circulation of blood and the oxygen content of the patient's body. During bypass surgery, an artificial heart-lung machine plays the temporary role of heart and lung.

MARKET SCOPE

The "Global Artificial Heart Lung Machine Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Artificial Heart Lung Machine market with detailed market segmentation by type, application, and end user. The report provides key statistics on the market status of the leading Artificial Heart Lung Machine market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on type the market is segmented as, single roller pump and double roller pump.
  
•   Based on application the market is segmented as, cardiac surgery, lung transplantation operations, acute respiratory failure treatment, and others.
  
•   Based on end user the market is segmented as, hospitla, ambulatory surgical centers, and specialty care center
  

MARKET DYNAMICS

Drivers:

•   Rising prevalence of cardiac failure, cardiopulmonary disorders, and other heart-lung-related disorders.
  
•   Need of continuous flow of working of heart and lungs during cardiopulmonary operations.
  
•   Extensive R&D efforts by medical equipment companies to develop advance equipment is expected to fuel the market growth.
  

Restraints:

•   Equipment failure risk and risk in the heart and lung surgery.
  
•   Whereas, high cost of equipment and treatment is expected to restrain market growth during the forecast period.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The Artificial Heart Lung Machine market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South and Central America after evaluating political, economic, social and technological factors affecting the Artificial Heart Lung Machine market in these regions.

IMPACT OF COVID-19 ON ARTIFICIAL HEART LUNG MACHINE MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the Artificial Heart Lung Machine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Artificial Heart Lung Machine market are anticipated to lucrative growth opportunities in the future with the rising demand for Artificial Heart Lung Machine in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Artificial Heart Lung Machine market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   MEDTRONIC INC.
  
•   SORIN GROUP
  
•   MAQUET GMBH AND CO. KG
  
•   TERUMO CORPORATION
  
•   C. R. BARD INC.
  
•   EDWARDS LIFESCIENCES
  
•   BRAILE BIOMEDICA
  
•   TIANJIN MEDICAL
  
•   SYN CARDIA
  
•   JARVIK HEART
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Artificial Heart Lung Machine Report Scope