Global Centrifugal Blood Pumps Market, By Motor Type (Electronic, Mechanical and Others), End User (Hospitals, Specialty Clinics, Ambulatory Surgical Centres and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights: Global Centrifugal Blood Pumps Market
Data Bridge Market Research analyses that the centrifugal blood pumps market will exhibit a CAGR of around 5.90% for the forecast period of 2022-2029. Rising prevalence of chronic disorders, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced healthcare technologies, growing number of supportive government policies and rising expenditure for the development of healthcare infrastructure especially in the developing economies are the major factors attributable to the growth of centrifugal blood pumps market.
Centrifugal blood pumps are the medical devices that are used to pump the blood in patients through the extracorporeal bypass for cardiopulmonary circulatory supports. Centrifugal blood pumps are the cardiopulmonary support systems, designed to pump in the blood systematically. Also known as cardiotomy suction devices, the centrifugal blood pumps provide intensive care management of acute cardiac and respiratory failure in the patients. Centrifugal blood pumps are generally used when the patients are unable to be treated using conventional treatment. Manufacturers are increasingly focusing on the quality of the materials used and this is leading to more and more product innovations.
Upsurge in the prevalence of cardiovascular disorders is one of the major factors fostering the growth of the market. Rising number of road accidents across the globe is another market growth determinant. Ever- rising geriatric population base, growing indications for heart transplantation and shifting focus towards patient-centric systems are other important factors that will further generate lucrative market growth opportunities.
However, rising number of product recalls and product failures will derail the market growth rate. Also, lack of awareness about the treatment of the heart diseases and the use of the devices in the underdeveloped economies will further pose challenges for the market. Unfavourable reimbursement policies and dearth of skilled medical professionals in developing countries will also hamper the market growth rate.
This centrifugal blood pumps market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on centrifugal blood pumps market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Centrifugal Blood Pumps Market Scope and Market Size
The centrifugal blood pumps market is segmented on the basis of motor type and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on motor type, the centrifugal blood pumps market is segmented into electronic, mechanical and others.
- On the basis of end user, the centrifugal blood pumps market is segmented into hospitals, specialty clinics, ambulatory surgical centres and others.
Centrifugal Blood Pumps Market Country Level Analysis
The centrifugal blood pumps market is analysed and market size insights and trends are provided by country, motor type and end user as referenced above.
The countries covered in the centrifugal blood pumps market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the centrifugal blood pumps market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is because of the increasing prevalence of cardiovascular disorders. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period owing to the increasing government expenditure on healthcare sector and rising personal disposable income.
The country section of the centrifugal blood pumps market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The centrifugal blood pumps market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for centrifugal blood pumps market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the centrifugal blood pumps market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Centrifugal Blood Pumps Market Share Analysis
The centrifugal blood pumps market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to centrifugal blood pumps market.
Some of the major players operating in the centrifugal blood pumps market report are Medtronic, Abbott, 3M, Baxter, BD, Getinge AB, Terumo Corporation, LivaNova PLC, Qura Srl, Braile Biomédica, Kyocera Corporation, Grundfos Holding A/S, KSB SE & Co. KGaA, Flowserve Corporation., Sulzer Ltd, Xylem., Xenios AG, B. Braun Melsungen AG and F. Hoffmann-La Roche Ltd among others.
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