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Perfusion Systems Market Trends

Report ID: GMI6227 Published Date: July 2023Report Format: PDF
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Perfusion Systems Market Trends

Increasing prevalence of cardiovascular and respiratory diseases is anticipated to drive the market growth. Cardiovascular and respiratory diseases often lead to tissue damage and organ dysfunction. For instance, according to the Global Initiative for Chronic Obstructive Lung Disease – GOLD, in 2020, the incidence rate of lung cancer was around 2.2 million individuals and is forecasted to increase in the near future. Perfusion systems play a crucial role in the diagnosis and treatment of lung cancer and other chronic ailments by providing a controlled environment for the growth and development of tissues and organs for transplantation.

The increasing prevalence of cardiovascular and respiratory diseases drives the demand for tissue engineering and regenerative medicine, thereby boosting the perfusion systems market for perfusion systems. There is an increasing focus on personalized medicine, tailoring treatments to individual patients' specific characteristics. Perfusion systems play a role in this approach by facilitating the culture and testing of patient-specific cells or tissues for diagnosis and treatment optimization.

With cardiovascular and respiratory diseases being diverse in nature and manifestation, the demand for personalized medicine is set to grow, driving the utilization of perfusion systems. The treatment of cardiovascular and respiratory diseases often involves the use of biologics, such as therapeutic proteins, cell therapies, and gene therapies. Perfusion systems are integral to the bioprocessing of these products, ensuring optimal cell growth, viability, and productivity. Therefore, as the burden of cardiovascular and respiratory diseases continues to rise, the demand for advanced technologies in perfusion systems is anticipated to propel the market growth.

Author: Mariam Faizullabhoy , Shishanka Wangnoo
Frequently Asked Question(FAQ) :

How big is the perfusion systems market?+

The market size of perfusion systems was worth more than USD 1.35 billion in 2023 and is anticipated to reach USD 2.02 billion by 2032 owing to the increasing prevalence of cardiovascular and respiratory diseases.

How oxygenators component segment bolster the demand perfusion systems?+

The oxygenators component segment in the perfusion systems industry accounted for USD 399 million in 2022 and is estimated to witness high demand through 2032 attributed to the rising number of cardiac surgeries and the increasing need for CPB.

What are the factors driving the demand for perfusion systems in North America?+

North America perfusion systems market was valued at USD 477 million in 2022 and is poised to exhibit considerable growth between 2023 and 2032 driven by the number of patients suffering from cardiovascular and respiratory diseases in the region.

Which are the leading firms operating in the perfusion systems industry?+

Some of the top perfusion system providers are ALA Scientific Instruments, Inc., Bioptechs Inc., Cytiva, Getinge AB, Harvard Bioscience, Inc., Lifeline Scientific, Inc., LivaNova, Medtronic, plc, Merck KGaA, Nipro Corporation, Repligen Corporation, Spectrum Laboratories, Inc., and Terumo Corporation.

Perfusion Systems Market Scope

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