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The market is highly competitive, featuring a mix of major global companies and smaller to mid-sized firms. Leading players prioritize innovation, investing heavily in research and development to improve product performance and meet evolving regulatory requirements. Additionally, strategic partnerships, acquisitions, and mergers are crucial in reinforcing market positions and expanding global reach.
Some of the eminent market participants operating in the centrifugal blood pumps industry include:
North America centrifugal blood pumps industry reached USD 58.4 million in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to prevalence of cardiovascular diseases (CVDs), such as heart failure and coronary artery disease in the region.
Centrifugal blood pumps industry from the electrical segment reached USD 113.8 million in 2023 and is expected to register a commendable CAGR from 2024-2032 due to offering advanced features, including precision control and enhanced performance.
Centrifugal blood pumps market size was USD 95.1 million in 2023 and is expected to register 5.3% CAGR from 2024-2032 owing to rising prevalence of cardiovascular diseases (CVDs) worldwide.
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