1. What is the projected Compound Annual Growth Rate (CAGR) of the Pediatric Perfusion Market ?
The projected CAGR is approximately 19.5%.
Pediatric Perfusion Market by Product (Pediatric cannulae, Pediatric Centrifugal Blood Pumps, Pediatric Arterial Line Filters, Hemoconcentrators, HMS Plus Hemostasis Management System, Pediatric oxygenation systems), by End User (Hospitals, Ambulatory Surgical Centers, Clinics, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2025-2033
The global pediatric perfusion market size is projected to reach USD 4.5 billion by 2027, exhibiting a CAGR of 19.5% during the forecast period 2023-2027. Perfusion of paediatrics accurately describes the process of managing blood flow and oxygen delivery in children, specifically during cardiovascular operations that may involve the use of cardiopulmonary bypass, say surgeries on congenital heart diseases. This field involves knowledge of paediatric physiology in addition to perfusion technology in order to satisfy the need for the delivery of oxygenated blood to every tissue of the body during situations where the heart and lungs are temporarily nonfunctional. These include the miniaturization of circuits and compact equipment based on the dimensions and needs of paediatric patients and the close and accurate regulation of flow rates, pressure, and temperature of the blood. Paediatric perfusion also has numerous benefits, which include improved surgical outcomes since the paediatric circulatory system is well monitored and controlled, decreased incidences of related problems like inflammatory reactions or injury to vital organs, and a better recovery period than would be possible in open-chest surgery.
Product:
End User:
D: Drivers: Rising prevalence of congenital heart defects, technological advancements R: Restraints: High cost, limited reimbursement, skilled perfusionist shortage O: Opportunities: Government initiatives, collaboration between providers and manufacturers C: Challenges: Regulatory barriers, shortage of skilled perfusionists T: Trends: Adoption of AI-powered devices, robotic surgery, personalized cannulae
The price of pediatric perfusion devices varies widely depending on factors such as type, brand, and features.
The global pediatric perfusion market is dominated by a few key manufacturers. The import and export of pediatric perfusion devices is primarily driven by regional demand and supply dynamics.
The pediatric perfusion market can be segmented based on product, end user, and region.
Several companies hold patents related to pediatric perfusion devices.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 19.5% from 2019-2033 |
Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 19.5%.
Key companies in the market include MEDIVATORS Inc., LivaNova PLC, Terumo Cardiovascular Systems Corporation., Medtronic, BL Lifesciences, Koninklijke Philips N.V., EUROSETS, General Electric Company, Terumo Medical Corporation.
The market segments include Product, End User.
The market size is estimated to be USD XX USD billion as of 2022.
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The market size is provided in terms of value, measured in USD billion.
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