Heart-lung Machines Market - Opportunities and Forecast, 2016 - 2020

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Global Heart-Lung Machines Market to grow at a CAGR of
3.67% during the period 2016-2020
Summary
Technavio Announces the Publication of its Research Report – Global Heart-Lung Machines Market
2016-2020
Technavio recognizes the following companies as the key players in the global heart-lung machines
market: Braile Biomédica, LivaNova, MAQUET, Medtronic, and Terumo Medical.
Other Prominent Vendors in the market are: Elite Life Care, Hemovent, Medizintechnik, and Tianjin
Welcome Medical Equipment.
Commenting on the report, an analyst from Technavio’ s team said: “A trend which is helping boost
market growth is the development of modular heart-lung machines. Hospitals and ASCs prefer modular
heart-lung machines as they are user-friendly, cost-effective, and safe, and include features such as
rechargeable batteries, thereby offering flexibility to surgeons. Manufacturers such as LivaNova, Terumo
Medical, and MAQUET have developed next-generation modular heart-machines, which can be
controlled and monitored through a single control panel.”
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According to the report, a key growth driver is the increase in medical tourism to APAC countries. The
prevalence of CVDs in APAC owing to changing lifestyles in emerging economies such as China and India
has increased the demand for cardiac surgeries. These economies are experiencing the growing need for
improved healthcare, where more patients are able to access affordable healthcare services. These
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affordable healthcare services available in APAC attract patients from developed countries such as the
UK, Canada, and the US.
Further, the report states that one challenge that could hamper market growth is the high cost of the
machine and bypass surgery.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
About the Heart-Lung Machines Market
According to WHO, around 17.5 million people died due to cardiovascular diseases (CVDs) worldwide in
2012. As per the studies conducted by the American Heart Association (AHA) in 2014, deaths due to
CVDs are likely to reach 24 million by 2030.
CVDs include disorders associated with heart and blood vessels. Coronary heart disease is a condition in
which sufficient amount of blood is not supplied to the heart due to blockage in blood vessels.
Congenital heart disease is a type of CVD wherein the structure of the heart is abnormal by birth. Lack of
physical activity and unhealthy diet lead to deposition of fatty substances or plaque in blood vessels,
leading to coronary heart diseases.
Technavio’ s analysts forecast the global heart-lung machines market to grow at a CAGR of 3.67% during
the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global heart-lung machines
market for 2016-2020. To calculate the market size, the revenue generated from the sales of various
types heart-lung machines is considered.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Heart-Lung Machines Market 2016-2020, has been prepared based on an indepth market analysis with inputs from industry experts. The report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
Key vendors
• Braile Biomédica
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• LivaNova
• MAQUET
• Medtronic
• Terumo Medical
Other prominent vendors
• Elite Life Care
• Hemovent
• Medizintechnik
• Tianjin Welcome Medical Equipment
Market driver
• Increased medical tourism in APAC
• For a full, detailed list, view our report
Market challenge
• High cost of heart-lung machine and bypass surgery
• For a full, detailed list, view our report
You can request one free hour of our analyst’ s time when you purchase this market report. Details are
provided within the report.
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Table Of Content
PART 01: Executive summary
• Highlights
PART 02: Scope of the report
• Market overview
• Top-vendor offerings
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
• Medical device classification
• CABG surgery
• Evolution of heart-lung machines
• Pathway of blood through components of a heart-lung machine during surgery
• Components of heart-lung machines
PART 05: Buying criteria
PART 06: Market landscape
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• Market overview
• Market size and forecast
• Five forces analysis
PART 07: Market segmentation by end-user
• Hospitals
• ASCs
PART 08: Geographical segmentation
• Heart-lung machines market in Americas
• Heart-lung machines market in EMEA
• Heart-lung machines market in APAC
PART 09: Market drivers
• High incidence of cardiac disorders in older adult population
• Increased medical tourism in APAC
• Increase in ASCs in the US
• Awareness initiatives by organizations
PART 10: Impact of drivers
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According to the report, a key growth driver is the increase in medical tourism to APAC countries. The prevalence of CVDs in APAC owing to changing lifestyles in emerging economies such as China and India has increased the demand for cardiac surgeries.