Wilmington, Delaware, United States, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global heart lung machine market was estimated to have acquired US$ 0.3 billion in 2020. It is anticipated to register a 6.9% CAGR from 2021 to 2031 and by 2031, the market is likely to gain US$ 0.7 billion.
Participation in clinical research and trials can lead to product development and market expansion. Collaboration with research institutions can open doors for innovation in heart lung machine technology.
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Protecting patient data is of utmost importance. Opportunities exist for heart lung machine manufacturers to enhance cybersecurity features and ensure compliance with data privacy regulations.
Integration of AI and predictive analytics into heart lung machines can help healthcare professionals anticipate and prevent complications during cardiac surgeries, leading to better patient outcomes.
Major companies profiled in the market report are:
- LivaNova, Inc.
- Getinge AB
- Terumo Corporation
- Medtronic
- Braile Biomédica
- Tianjin Welcome Medical Equipment Co., Ltd.
- Elite LifeCare
- Hemovent
- Fresenius SE & Co. KGaA
- Nipro Corp.
- Senko Medical Instrument Mfg. Co., Ltd.
- Technowood International Pte. Ltd.
- SONOTEC GmbH
Key Findings of the Market Report
- The integration of advanced imaging technologies into operating rooms has led to the rise of hybrid operating rooms. Heart lung machines compatible with these setups can facilitate complex procedures, such as minimally invasive and hybrid interventions.
- Patients are becoming more informed and proactive in managing their health. Heart lung machine manufacturers can contribute by developing user friendly interfaces and educational tools for patients and their families.
- Ongoing training and professional development for healthcare staff are essential. Opportunities exist for heart lung machine manufacturers to provide training programs and resources for healthcare professionals.
- Government policies and initiatives aimed at improving healthcare infrastructure and access can create opportunities for heart lung machine manufacturers, especially in regions where such initiatives are prevalent.
Trends for Heart Lung Machine Market
- Incorporating AI and machine learning algorithms into heart lung machines can improve monitoring and decision making during surgeries. The technologies can enhance patient outcomes and reduce the risk of complications.
- Integrating heart lung machine data with electronic health records can improve the continuity of care, research, and quality control. The integration can lead to the development of more comprehensive and efficient systems.
- Healthcare is increasingly shifting towards a patient centric care model. Heart lung machine manufacturers can develop products that prioritize patient comfort and safety, which may lead to greater market acceptance.
- Advances in regenerative medicine and tissue engineering are changing the landscape of cardiac surgery. Heart lung machines may need to adapt to support procedures involving stem cell therapies and tissue engineered constructs.
Global Market for Heart Lung Machine: Regional Outlook
Various reasons are propelling the growth of the heart lung machine market in different regions. The regions include,
North America
- North America has a strong network of research institutions and hospitals that collaborate on clinical trials and research projects. Manufacturers can partner with these institutions to develop and test heart lung machine technology.
- Healthcare policies and reforms in North America can impact the adoption and reimbursement of medical technologies. Manufacturers should stay informed about policy changes to navigate the market effectively.
Asia Pacific
- Cultural and regional differences can impact the practice of medicine. Manufacturers can adapt heart lung machines to accommodate specific regional needs and preferences.
- Patients in the Asia Pacific region are becoming more proactive in managing their health, as patient awareness and education increase. Heart lung machine manufacturers can contribute by providing educational resources for patients and their families.
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Global Heart Lung Machine Market: Key Players
The following companies are well known participants in the global heart lung machine market:
- LivaNova, Inc.
- Getinge AB
- Terumo Corporation
- Medtronic
- Braile Biomédica
- Tianjin Welcome Medical Equipment Co., Ltd.
- Elite LifeCare
- Hemovent
- Fresenius SE & Co. KGaA
- Nipro Corp.
- Senko Medical Instrument Mfg. Co., Ltd.
- Technowood International Pte. Ltd.
- SONOTEC GmbH
Few of key developments by the players in this market are:
| Company name | Key Development |
| Getinge AB |
|
| Medtronic |
|
| Braile Biomédica |
|
Global Heart Lung Machine Market Segmentation
- Product Type
- Systems
- Roller Pump
- Centrifugal Pump
- Components
- Pumps
- Oxygenator
- Heat Exchange Units
- Others
- Systems
- Application
- Open Heart Surgery
- Lung Transplant
- Heart Transplant
- Others
- End User
- Hospitals
- Ambulatory Surgery Centers
- Others
- Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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