
Region:North America
Author(s):Yogita Sahu
Product Code:KROD7025
November 2024
84

By Product Type: The market is segmented by product type into Single Roller Pump Machines, Double Roller Pump Machines, and Microplegia Machines. Among these, Single Roller Pump Machines hold the dominant market share. This is due to their widespread usage in both cardiac and lung surgeries. The precision, reliability, and ease of use offered by single roller pump machines make them the preferred choice for complex cardiac procedures.

By Application: The market is also segmented by application into Cardiac Surgery, Lung Surgery, and ECMO Procedures. Cardiac Surgery dominates this segmentation, accounting for the highest market share. This dominance is primarily attributed to the high number of cardiovascular procedures performed each year, driven by the increasing prevalence of coronary artery disease and other heart conditions. Hospitals and specialized cardiac centers prefer heart-lung machines for procedures such as coronary artery bypass grafting (CABG) and valve replacements, further cementing the dominance of this application segment.

The market is characterized by the presence of several major players, both global and local, with technological advancements and strategic partnerships shaping the competitive landscape. The market is consolidated, with leading players such as Medtronic, LivaNova, and Getinge AB holding market shares.
|
Company |
Established |
Headquarters |
No. of Employees |
Revenue (USD Mn) |
R&D Expenditure |
Key Products |
Strategic Initiatives |
Certifications |
|
Medtronic |
1949 |
Minneapolis, USA |
||||||
|
LivaNova PLC |
1988 |
London, UK |
||||||
|
Terumo Cardiovascular |
1971 |
Ann Arbor, USA |
||||||
|
Getinge AB |
1904 |
Gothenburg, Sweden |
||||||
|
MAQUET Cardiovascular |
1838 |
Rastatt, Germany |
Over the next five years, the North America heart-lung machine industry is expected to experience notable growth driven by a combination of increasing cardiac surgeries, technological advancements, and expanding healthcare infrastructure.
|
By Product Type |
Single Roller Pump Machines Double Roller Pump Machines Microplegia Machines |
|
By Application |
Cardiac Surgery Lung Surgery ECMO Procedures |
|
By Component |
Pumps Oxygenators Cannulae Tubing Systems |
|
By End User |
Hospitals Specialty Cardiac Centers Ambulatory Surgery Centers |
|
By Region |
United States Canada Mexico |
1.1. Definition and Scope
1.2. Market Taxonomy
1.3. Market Growth Rate
1.4. Market Segmentation Overview
2.1. Historical Market Size
2.2. Year-On-Year Growth Analysis
2.3. Key Market Developments and Milestones
3.1. Growth Drivers (Increased Cardiovascular Surgeries, Technological Advancements in Cardiac Surgery, Hospital Infrastructure Investment, Rise in Geriatric Population)
3.2. Market Challenges (High Costs of Heart-lung Machines, Limited Skilled Personnel, Regulatory Barriers, Maintenance Requirements)
3.3. Opportunities (Integration with ECMO Systems, Miniaturization of Heart-lung Machines, Rise in Telemedicine and Remote Surgery Solutions, Cross-border Collaborations)
3.4. Trends (Adoption of AI and IoT in Heart-lung Machine Systems, Increasing Use of Disposable Circuits, Hybrid Operating Rooms, Growth in Outpatient Cardiac Procedures)
3.5. Government Regulation (FDA Approvals, Health Canada Regulations, Device Classification Changes, Medical Device Reporting Standards)
3.6. SWOT Analysis
3.7. Stakeholder Ecosystem
3.8. Porters Five Forces
3.9. Competition Ecosystem
4. North America Heart-lung Machine Market Segmentation
4.1. By Product Type (In Value %)
4.1.1. Single Roller Pump Machines
4.1.2. Double Roller Pump Machines
4.1.3. Microplegia Machines
4.2. By Application (In Value %)
4.2.1. Cardiac Surgery
4.2.2. Lung Surgery
4.2.3. ECMO Procedures
4.3. By Component (In Value %)
4.3.1. Pumps
4.3.2. Oxygenators
4.3.3. Cannulae
4.3.4. Tubing Systems
4.4. By End User (In Value %)
4.4.1. Hospitals
4.4.2. Specialty Cardiac Centers
4.4.3. Ambulatory Surgery Centers
4.5. By Region (In Value %)
4.5.1. United States
4.5.2. Canada
4.5.3. Mexico
5.1. Detailed Profiles of Major Companies
5.1.1. Medtronic
5.1.2. LivaNova PLC
5.1.3. Terumo Cardiovascular Systems
5.1.4. Getinge AB
5.1.5. MAQUET
5.1.6. Sorin Group
5.1.7. HeartWare International
5.1.8. Braile Biomedica
5.1.9. Fresenius SE & Co. KGaA
5.1.10. Biomedica GmbH
5.1.11. Spectrum Medical
5.1.12. Edwards Lifesciences
5.1.13. Abbott Laboratories
5.1.14. Medsphere Systems Corporation
5.1.15. Xenios AG
5.2. Cross Comparison Parameters (R&D Expenditure, Product Portfolio, Market Share, Product Launches, Number of Employees, Headquarters Location, Certifications, Partnerships/Collaborations)
5.3. Market Share Analysis
5.4. Strategic Initiatives
5.5. Mergers and Acquisitions
5.6. Investment Analysis
5.7. Venture Capital Funding
5.8. Government Grants
5.9. Private Equity Investments
6.1. Regulatory Bodies and Guidelines
6.2. Compliance Requirements
6.3. Certification Processes
6.4. Impact of Device Reclassifications
7.1. Future Market Size Projections
7.2. Key Factors Driving Future Market Growth
8.1. By Product Type (In Value %)
8.2. By Application (In Value %)
8.3. By Component (In Value %)
8.4. By End User (In Value %)
8.5. By Region (In Value %)
9.1. TAM/SAM/SOM Analysis
9.2. White Space Opportunity Analysis
9.3. Product Portfolio Enhancement Strategies
9.4. Marketing and Distribution Strategies
The initial phase involves constructing an ecosystem map encompassing all major stakeholders within the North America Heart-lung Machine Market. This step is underpinned by extensive desk research, utilizing a combination of secondary and proprietary databases to gather comprehensive industry-level information. The primary objective is to identify and define the critical variables that influence market dynamics.
In this phase, we will compile and analyze historical data pertaining to the North America heart-lung machine market. This includes assessing market penetration, revenue generation, and utilization of heart-lung machines in major hospitals. Additionally, an evaluation of device quality and functionality statistics will ensure the reliability of the revenue estimates.
Market hypotheses will be developed and validated through interviews with industry experts from leading manufacturers and hospitals. These consultations will provide valuable insights into heart-lung machine applications and market strategies, refining the data collected during the initial phases.
The final phase involves direct engagement with healthcare institutions and machine manufacturers to acquire detailed insights into the product segments, sales performance, and consumer preferences. This interaction will ensure a comprehensive, accurate, and validated analysis of the North America heart-lung machine market.
The North America heart-lung machine market is valued at USD 956 million, driven by the increasing number of cardiovascular surgeries and the adoption of advanced medical technologies in cardiac care.
Challenges in the North America heart-lung machine market include the high costs associated with heart-lung machines, the need for highly skilled operators, and stringent regulatory requirements that can slow down product approvals.
Key players in the North America heart-lung machine market include Medtronic, LivaNova PLC, Terumo Cardiovascular Systems, Getinge AB, and Braile Biomedica, dominating due to their strong research pipelines and extensive market presence.
The North America heart-lung machine market is driven by increasing cardiovascular surgeries, technological advancements in heart-lung machine design, and improvements in healthcare infrastructure, particularly in the U.S. and Canada.
Opportunities include the integration of heart-lung machines with ECMO systems, miniaturization of machines for broader hospital use, and international collaborations focusing on innovative cardiac care solutions.
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