Global Pediatric Perfusion Systems Market projected to grow, driven by technology advancement and increase in surgeries

From GlobeNewswire: 2024-06-03 19:00:00

The global Pediatric Perfusion Systems Market is projected to grow from USD 578.3 million in 2023 to USD 1127.3 million by 2033, with a CAGR of 6.90% during the period. Pediatric perfusion assists in controlling blood circulation during pediatric cardiac surgeries or other medical procedures, which is essential for treating congenital heart abnormalities. The use of cutting-edge technology, increasing pediatric cardiac surgeries, and government funding are driving market growth.

The oxygenators segment dominates the pediatric perfusion systems market, replicating the lungs’ respiratory function during cardiopulmonary bypass procedures. Cardiac surgeries segment leads the market, addressing congenital heart defects and other heart ailments in pediatric patients. Hospitals segment holds the largest market share due to the increasing number of pediatric heart surgeries performed in hospitals.

North America has the largest market share and advanced medical device companies, leading R&D investments for innovative pediatric perfusion systems. The Asia-Pacific region is expected to grow rapidly due to economic growth, enhanced healthcare systems, and rising medical tourism. Major vendors in the market include LivaNova PLC, Medtronic, Nonin, and others.

In December 2023, Vascular Perfusion Solutions received a $25,000 grant for organ preservation technologies. The market is forecasted at global, regional, and country levels from 2020 to 2033, segmented by product (Oxygenators, Cannulas, Blood Pumps, Arterial Filters), application (Cardiac Surgeries, Organ Transplantation), end-user, and region. Related reports cover Emollients, Prefilled Syringes, Aminophenol, and Patient Infotainment Terminal markets.



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