Global Pediatric Perfusion Market is Estimated to Witness High Growth Owing to Advancement in Pediatric Perfusion Equipment
The global pediatric perfusion market provides a variety of perfusion equipment like heart-lung machines, micro pumps, perfusion tubing sets, cannulas, and oxygenators for performing different pediatric cardiovascular surgeries. Pediatric perfusion equipment differs significantly from adult equipment in terms of dimensions, flow rates, and safety features. Demand for lower priming volumes, customizable equipment, and coating materials that are biocompatible with children's sensitive physiology is driving innovations in pediatric perfusion products.
The Global pediatric perfusion market is estimated to be valued at US$ 574.7 Mn in 2024 and is expected to exhibit a CAGR of 5.4% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the global pediatric perfusion market are Medtronic, GE Healthcare, LivaNova, Inc., Getinge, Braile Biomedica, XENIOS AG, BL Lifesciences, Terumo Corporation, 3M, Koninklijke Philips N.V., EUROSETS, Merck KGaA, Stryker, Cardinal Health, Nonin, and Sorin Group USA, Inc.
Key opportunities in the market include growing demand from developing economies with a rising pediatric patient pool and increasing adoption of novel pediatric-specific heart-lung machines. Technological advancements like miniaturized equipment, mobile perfusion consoles, and pediatric-focused oxygenators are expanding surgical indications.
Market drivers
The primary driver for the Global Pediatric Perfusion Market Demand is the growing prevalence of congenital heart diseases (CHDs) globally. Approximately 1% of all live births worldwide have some form of CHD, with emergencies like transposition of the great arteries requiring immediate intervention. Another key factor is the rising accessibility of pediatric cardiac surgery in middle-income countries. Additionally, advancements in micro-surgical techniques and perfusion technology have improved safety outcomes for complex surgeries. The development of pediatric-optimized instruments has enabled the treatment of younger infants and increased the scope of surgeries performed.
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