Cardiac Perfusion Market

Cardiac perfusion systems are used to temporarily replace the functions of the heart during cardiac surgeries. The cardiac perfusion system market is broadly segmented into oxygenation systems, reservoirs, heart-lung machines, myocardial protection systems, arterial filters, blood monitoring systems, autotransfusion systems, hemoconcentrators, heat transfer systems, tubings and cannulae, and others. The pivotal factor driving the growth of this market is increasing number of cardiac surgeries. Increasing prevalence of cardiac and lung diseases in developed as well as developing further propels the growth of this market. However, insufficient number of well-trained surgeons in developing nations, unstable reimbursement policies, and competition from local players with low cost products are inhibits the growth of this market. North America is the largest market for cardiac perfusion system market, with the U.S. contributing a major share, followed by Europe, Asia-Pacific, and the Rest of the World. North America and Europe will continue to dominate the market during the forecast period owing to the growing number of cardiac and lung surgeries and technological advancement in cardiac perfusion system. However, a majority of the growth in the cardiac perfusion system market is expected to be from emerging markets in the Asia-Pacific, owing to the growing number of cardiovascular patients, increasing awareness towards healthcare, and technological advancement in cardiovascular surgery in these regions.