Extracorporeal Circulation Systems Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Extracorporeal circulation can maintain normal systemic, myocardial, and cerebral blood flow during cardiac arrest. For most cardiac operations, extracorporeal circulation with an oxygenator is still needed. The use of an extracorporeal circulation system allowed for a lower prime volume, which reduced intraoperative hemodilution the need for a postoperative blood transfusion. By lowering temperatures during cardiopulmonary bypass and using the beneficial effects of hypothermia on the inflammatory response, extracorporeal circulation systems may reduce the systemic inflammatory response.
MARKET DYNAMICS
Factors driving the growth of the extracorporeal circulation systems market are the growing prevalence of cardiovascular diseases, coupled with rising healthcare spending. However, the high cost of extracorporeal circulation systems is expected to hamper the growth of the market. Moreover, increasing number of cardiac surgeries is anticipated to boost the market growth.
MARKET SCOPE
The "Extracorporeal Circulation Systems 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 extracorporeal circulation systems market with detailed market segmentation by type and application. The extracorporeal circulation systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in extracorporeal circulation systems market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The extracorporeal circulation systems market is segmented on the basis of type and application. Based on type, the market is segmented as bench top and portable. On the basis of application, the market is categorized as hospital, clinic, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the extracorporeal circulation systems market based on various segments. It also provides market size and forecast estimates from year 2017 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The extracorporeal circulation systems market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting extracorporeal circulation systems market from both demand and supply side and further evaluates market dynamics affecting the market during 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 & Central America after evaluating political, economic, social and technological factors effecting the extracorporeal circulation systems market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the extracorporeal circulation systems market based on various segments. It also provides market size and forecast estimates from year 2017 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The extracorporeal circulation systems market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting extracorporeal circulation systems market from both demand and supply side and further evaluates market dynamics affecting the market during 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 & Central America after evaluating political, economic, social and technological factors effecting the extracorporeal circulation systems market in these regions.
MARKET PLAYERS
The report covers key developments in the extracorporeal circulation systems 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 witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from extracorporeal circulation systems market are anticipated to have lucrative growth opportunities in the future with the rising demand for extracorporeal circulation systems in the global market. Below mentioned is the list of few companies engaged in the extracorporeal circulation systems market.
The report also includes the profiles of key players in extracorporeal circulation systems market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Braile Biomedica
- Nipro
- Shanghai Microport Orthopedics
- Sorin
- Thoratec
- Others
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Extracorporeal Circulation Systems Market - By Type
1.3.2 Extracorporeal Circulation Systems Market - By Application
1.3.3 Extracorporeal Circulation Systems Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. EXTRACORPOREAL CIRCULATION SYSTEMS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. EXTRACORPOREAL CIRCULATION SYSTEMS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. EXTRACORPOREAL CIRCULATION SYSTEMS MARKET - GLOBAL MARKET ANALYSIS
6.1. EXTRACORPOREAL CIRCULATION SYSTEMS - GLOBAL MARKET OVERVIEW
6.2. EXTRACORPOREAL CIRCULATION SYSTEMS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. EXTRACORPOREAL CIRCULATION SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. BENCH TOP
7.3.1. Overview
7.3.2. Bench Top Market Forecast and Analysis
7.4. PORTABLE
7.4.1. Overview
7.4.2. Portable Market Forecast and Analysis
8. EXTRACORPOREAL CIRCULATION SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. HOSPITAL
8.3.1. Overview
8.3.2. Hospital Market Forecast and Analysis
8.4. CLINIC
8.4.1. Overview
8.4.2. Clinic Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. EXTRACORPOREAL CIRCULATION SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Extracorporeal Circulation Systems Market Overview
9.1.2 North America Extracorporeal Circulation Systems Market Forecasts and Analysis
9.1.3 North America Extracorporeal Circulation Systems Market Forecasts and Analysis - By Type
9.1.4 North America Extracorporeal Circulation Systems Market Forecasts and Analysis - By Application
9.1.5 North America Extracorporeal Circulation Systems Market Forecasts and Analysis - By Countries
9.1.5.1 United States Extracorporeal Circulation Systems Market
9.1.5.1.1 United States Extracorporeal Circulation Systems Market by Type
9.1.5.1.2 United States Extracorporeal Circulation Systems Market by Application
9.1.5.2 Canada Extracorporeal Circulation Systems Market
9.1.5.2.1 Canada Extracorporeal Circulation Systems Market by Type
9.1.5.2.2 Canada Extracorporeal Circulation Systems Market by Application
9.1.5.3 Mexico Extracorporeal Circulation Systems Market
9.1.5.3.1 Mexico Extracorporeal Circulation Systems Market by Type
9.1.5.3.2 Mexico Extracorporeal Circulation Systems Market by Application
9.2. EUROPE
9.2.1 Europe Extracorporeal Circulation Systems Market Overview
9.2.2 Europe Extracorporeal Circulation Systems Market Forecasts and Analysis
9.2.3 Europe Extracorporeal Circulation Systems Market Forecasts and Analysis - By Type
9.2.4 Europe Extracorporeal Circulation Systems Market Forecasts and Analysis - By Application
9.2.5 Europe Extracorporeal Circulation Systems Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Extracorporeal Circulation Systems Market
9.2.5.1.1 Germany Extracorporeal Circulation Systems Market by Type
9.2.5.1.2 Germany Extracorporeal Circulation Systems Market by Application
9.2.5.2 France Extracorporeal Circulation Systems Market
9.2.5.2.1 France Extracorporeal Circulation Systems Market by Type
9.2.5.2.2 France Extracorporeal Circulation Systems Market by Application
9.2.5.3 Italy Extracorporeal Circulation Systems Market
9.2.5.3.1 Italy Extracorporeal Circulation Systems Market by Type
9.2.5.3.2 Italy Extracorporeal Circulation Systems Market by Application
9.2.5.4 Spain Extracorporeal Circulation Systems Market
9.2.5.4.1 Spain Extracorporeal Circulation Systems Market by Type
9.2.5.4.2 Spain Extracorporeal Circulation Systems Market by Application
9.2.5.5 United Kingdom Extracorporeal Circulation Systems Market
9.2.5.5.1 United Kingdom Extracorporeal Circulation Systems Market by Type
9.2.5.5.2 United Kingdom Extracorporeal Circulation Systems Market by Application
9.2.5.6 Rest of Europe Extracorporeal Circulation Systems Market
9.2.5.6.1 Rest of Europe Extracorporeal Circulation Systems Market by Type
9.2.5.6.2 Rest of Europe Extracorporeal Circulation Systems Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Extracorporeal Circulation Systems Market Overview
9.3.2 Asia-Pacific Extracorporeal Circulation Systems Market Forecasts and Analysis
9.3.3 Asia-Pacific Extracorporeal Circulation Systems Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Extracorporeal Circulation Systems Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Extracorporeal Circulation Systems Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Extracorporeal Circulation Systems Market
9.3.5.1.1 Australia Extracorporeal Circulation Systems Market by Type
9.3.5.1.2 Australia Extracorporeal Circulation Systems Market by Application
9.3.5.2 China Extracorporeal Circulation Systems Market
9.3.5.2.1 China Extracorporeal Circulation Systems Market by Type
9.3.5.2.2 China Extracorporeal Circulation Systems Market by Application
9.3.5.3 India Extracorporeal Circulation Systems Market
9.3.5.3.1 India Extracorporeal Circulation Systems Market by Type
9.3.5.3.2 India Extracorporeal Circulation Systems Market by Application
9.3.5.4 Japan Extracorporeal Circulation Systems Market
9.3.5.4.1 Japan Extracorporeal Circulation Systems Market by Type
9.3.5.4.2 Japan Extracorporeal Circulation Systems Market by Application
9.3.5.5 South Korea Extracorporeal Circulation Systems Market
9.3.5.5.1 South Korea Extracorporeal Circulation Systems Market by Type
9.3.5.5.2 South Korea Extracorporeal Circulation Systems Market by Application
9.3.5.6 Rest of Asia-Pacific Extracorporeal Circulation Systems Market
9.3.5.6.1 Rest of Asia-Pacific Extracorporeal Circulation Systems Market by Type
9.3.5.6.2 Rest of Asia-Pacific Extracorporeal Circulation Systems Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Extracorporeal Circulation Systems Market Overview
9.4.2 Middle East and Africa Extracorporeal Circulation Systems Market Forecasts and Analysis
9.4.3 Middle East and Africa Extracorporeal Circulation Systems Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Extracorporeal Circulation Systems Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Extracorporeal Circulation Systems Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Extracorporeal Circulation Systems Market
9.4.5.1.1 South Africa Extracorporeal Circulation Systems Market by Type
9.4.5.1.2 South Africa Extracorporeal Circulation Systems Market by Application
9.4.5.2 Saudi Arabia Extracorporeal Circulation Systems Market
9.4.5.2.1 Saudi Arabia Extracorporeal Circulation Systems Market by Type
9.4.5.2.2 Saudi Arabia Extracorporeal Circulation Systems Market by Application
9.4.5.3 U.A.E Extracorporeal Circulation Systems Market
9.4.5.3.1 U.A.E Extracorporeal Circulation Systems Market by Type
9.4.5.3.2 U.A.E Extracorporeal Circulation Systems Market by Application
9.4.5.4 Rest of Middle East and Africa Extracorporeal Circulation Systems Market
9.4.5.4.1 Rest of Middle East and Africa Extracorporeal Circulation Systems Market by Type
9.4.5.4.2 Rest of Middle East and Africa Extracorporeal Circulation Systems Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Extracorporeal Circulation Systems Market Overview
9.5.2 South and Central America Extracorporeal Circulation Systems Market Forecasts and Analysis
9.5.3 South and Central America Extracorporeal Circulation Systems Market Forecasts and Analysis - By Type
9.5.4 South and Central America Extracorporeal Circulation Systems Market Forecasts and Analysis - By Application
9.5.5 South and Central America Extracorporeal Circulation Systems Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Extracorporeal Circulation Systems Market
9.5.5.1.1 Brazil Extracorporeal Circulation Systems Market by Type
9.5.5.1.2 Brazil Extracorporeal Circulation Systems Market by Application
9.5.5.2 Argentina Extracorporeal Circulation Systems Market
9.5.5.2.1 Argentina Extracorporeal Circulation Systems Market by Type
9.5.5.2.2 Argentina Extracorporeal Circulation Systems Market by Application
9.5.5.3 Rest of South and Central America Extracorporeal Circulation Systems Market
9.5.5.3.1 Rest of South and Central America Extracorporeal Circulation Systems Market by Type
9.5.5.3.2 Rest of South and Central America Extracorporeal Circulation Systems Market by Application
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL EXTRACORPOREAL CIRCULATION SYSTEMS MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. EXTRACORPOREAL CIRCULATION SYSTEMS MARKET, KEY COMPANY PROFILES
12.1. BRAILE BIOMEDICA
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. NIPRO
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. SHANGHAI MICROPORT ORTHOPEDICS
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. SORIN
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. THORATEC
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. OTHERS
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
* Above given report scope is tentative, and may change during the study process as per the research requirement.
* List of companies provided under ‘Company Profile’ chapter is tentative and may change during the course of the study. This list is customizable as per the client requirements.
* Financial information would be provided only for the public companies.
1. Braile Biomedica
2. Nipro
3. Shanghai Microport Orthopedics
4. Sorin
5. Thoratec
6. Others
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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