Report Content
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & working
1.3 Data collection
1.4 Base estimates & workings
1.5 Forecast calculations
1.6 Data Sources
1.6.1 Primary
1.6.2 Secondary
1.6.2.1 Paid sources
1.6.2.2 Unpaid sources
Chapter 2 Executive Summary
2.1 Global pediatric perfusion systems market 3600 synopsis, 2018 β 2032
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
2.1.4 Application trends
2.1.5 End-use trends
Chapter 3 Pediatric Perfusion Systems Industry Insights
3.1 Industry ecosystem analysis
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.1.1 Increasing pediatric cardiovascular surgeries
3.2.1.2 Increasing advancements in perfusion technology
3.2.1.3 Growing pediatric population coupled with early disease diagnosis
3.2.2 Industry pitfalls & challenges
3.2.2.1 High cost of pediatric perfusion systems
3.2.2.2 Complexity in pediatric surgeries
3.3 Growth potential analysis
3.3.1 By product
3.3.2 By application
3.3.3 By end-use
3.4 COVID- 19 impact analysis
3.5 Regulatory landscape
3.6 Technological landscape
3.6.1 3D printing in pediatric perfusion
3.6.2 Data analytics and artificial intelligence (AI)
3.7 Reimbursement policies
3.8 Procedural volume, by application, 2018-2022
3.9 Porter's analysis
3.10 PESTEL analysis
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Company market share analysis, 2022
4.4 Competitive analysis of major market players, 2022
4.5 Competitive positioning matrix, 2022
4.6 Strategy dashboard, 2022
Chapter 5 Pediatric Perfusion Systems Market Size and Forecast, By Product, 2018-2032 (USD Million)
5.1 Key trends, by product
5.2 Pediatric oxygenators
5.3 Pediatric cannulas and catheters
5.4 Pediatric blood pumps
5.5 Pediatric arterial filters
5.6 Monitoring systems
5.7 Other products
Chapter 6 Pediatric Perfusion Systems Market Size and Forecast, By Application, 2018-2032 (USD Million)
6.1 Key trends, by application
6.2 Cardiac surgeries
6.3 Organ transplantation
Chapter 7 Pediatric Perfusion Systems Market Size and Forecast, By End-use, 2018-2032 (USD Million)
7.1 Key trends, by end-use
7.2 Hospitals
7.3 Cardiac centers
7.4 Other end-users
Chapter 8 Pediatric Perfusion Systems Market Size and Forecast, By Region, 2018-2032 (USD Million)
8.1 Key trends, by region
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 France
8.3.4 Italy
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Australia
8.4.5 South Korea
8.4.6 Rest of Asia Pacific
8.5 Latin America
8.5.1 Brazil
8.5.2 Mexico
8.5.3 Argentina
8.5.4 Rest of Latin America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 South Africa
8.6.3 UAE
8.6.4 Rest of Middle East & Africa
Chapter 9 Company Profiles
9.1 Medtronic
9.2 LivaNova PLC
9.3 Terumo Cardiovascular Systems Corporation
9.4 BL Lifesciences
9.5 Cardinal Health
9.6 EUROSETS
9.7 Getinge AB
9.8 Nonin
9.9 Edwards Lifesciences Corporation
9.10 Stryker Corporation
Pediatric Perfusion Systems Market Size
Pediatric Perfusion Systems Market size was valued at USD 318.9 million in 2022 and is projected to register a CAGR of over 6.8% between 2023 and 2032. This robust market growth is attributed to factors such as growing demand for minimally invasive procedures in pediatric cardiac surgery, increasing favorable government initiatives and reimbursement policies, and growing awareness about the importance of pediatric cardiac care, among others are driving the market development. Additionally, the rising prevalence of congenital heart defects in paediatric populations is a significant factor in the market progress.
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Moreover, perfusion devices to facilitate corrective operations are in high demand as awareness and early identification of CHDs are on rise. For instance, according to American Heart Association, Inc.βs fact sheet 2022, congenital heart defects are expected to affect around 40,000 infants in the U.S. each year. In the first year of life, approximately 25%, or 2.4 per 1,000 live newborns, require invasive therapy. Therefore, the aforementioned factors contribute to the growth of the market by fostering advancements in technology and enhancing the overall quality of care for paediatric patients undergoing cardiac procedures.
Pediatric perfusion systems refer to medical devices and systems designed specifically for managing the circulation and oxygenation of blood in pediatric patients during cardiac surgery or other medical procedures requiring temporary circulatory support.
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COVID-19 Impact
The COVID-19 pandemic had a negative impact on the pediatric perfusion systems market, owing to disruptions in paediatric cardiac surgeries treatments. The postponement of elective procedures, particularly paediatric cardiovascular treatments, resulted in decline in the demand for perfusion systems during the pandemic's early stages. To manage the rise of COVID-19 patients, hospitals distributed resources, reducing the availability and use of paediatric perfusion systems.
Moreover, supply chain disruptions and financial restrictions imposed further challenges to market trends. However, as COVID-19 cases declined and healthcare systems adapted to the new norms, the paediatric perfusion systems market is expected to record healthy expansion.
Pediatric Perfusion Systems Market Trends
The market is influenced by several factors such as increasing advancements in perfusion technology, growing integration of extracorporeal membrane oxygenation (ECMO) technology, adoption of remote monitoring and telehealth solutions, and growing demand for personalized and precision medicine, among others.
Pediatric Perfusion Systems Market Analysis
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The market by product is categorized into pediatric oxygenators, pediatric cannulas and catheters, pediatric blood pumps, pediatric arterial filters, monitoring systems, and other products. The pediatric oxygenators segment garnered around USD 99.1 million revenue in 2022.
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Based on application, the pediatric perfusion systems market is segmented into cardiac surgeries, and organ transplantation. The cardiac surgeries segment dominated the market and accounted for over 89% business share in 2022 and is anticipated to witness fastest growth during the forecast period.
The pediatric perfusion systems market by end-use is categorized into hospitals, cardiac centers, and other end-users. The hospitals segment accounted for over USD 249.4 million revenue in 2022.
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North America paediatric perfusion systems market accounted for USD 131.6 million revenue in 2022 and is predicted to witness substantial market growth over the analysis timeline.
Pediatric Perfusion Systems Market Share
The pediatric perfusion systems industry is fragmented in nature, with a large number of small and medium-sized companies, along with major industry players competing with each other. However, key market players are focusing on improving their market share including Medtronic, LivaNova PLC, Terumo Cardiovascular Systems Corporation, among others. The market players are focusing on strategies including innovating and developing new products and services.
Some of the eminent market participants operating in the pediatric perfusion systems industry include:
Pediatric Perfusion Systems Industry News:
Pediatric perfusion systems market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:
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By Product, 2018-2032 (USD Million)
By Application, 2018-2032 (USD Million)
By End-use, 2018-2032 (USD Million)
The above information is provided for the following regions and countries:
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