Cardiovascular
devices industry is growing at a significant rate globally, due to
increasing number of cases with heart diseases and other cardiovascular
problems. In addition, technological advancement in this field and
growing awareness has increased the growth of cardiovascular devices
market. An artificial heart refers to a medical device that is used in
replacement of the heart. Artificial hearts are used in case heart
transplantation in not possible. It is used to support the failing
heart. Popularity of artificial hearts is growing due to their effective
results. Artificial heart-lung machine refers to a medical device that
is used for temporarily diverting the flow of blood, oxygenating it and
pumping the oxygenated blood into the body. An artificial heart-lung
machine comprises of a pump and an oxygenator for performing its
function. Artificial heart-lung machine is especially used during open
heart surgery. The global artificial heart-lung machine market is
growing at a significant rate due to increasing number of cardiovascular
surgeries and technological advancements in the field. In addition,
growing awareness in the field and government initiatives in improving
the healthcare facilities are helping in increasing the global market
for the artificial heart-lung machine market.
North
America dominates the global market for artificial heart-lung machine
due to high prevalence of heart problems and aging population in the
region. In addition, technological advancement in the field is driving
the artificial heart-lung machine market in North America. Asia,
followed by Europe, is expected to show high growth rate in next few
years in global artificial heart-lung machine market. China and India
are expected to be the fastest growing artificial heart-lung machine
markets in Asian region. Some of the key driving forces for artificial
heart-lung machine market in emerging countries are increasing large
pool of patients in these regions. In addition, rising government
funding and growing awareness in the field is driving the artificial
heart-lung machine market in these regions.
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Some
of the major factors driving global artificial heart-lung machine
market are increasing prevalence for heart diseases, rising awareness
about the different cardiovascular devices available and growing
government initiatives in the field. In addition, technological
advancements and improvement in the healthcare facilities are driving
the artificial heart-lung machine market. However, less lifecycle of the
product is restraining the global artificial heart-lung machine market.
In addition, lack of skilled medical professional for properly
operating the device is restraining the global artificial heart-lung
machine market.
Growing
demographics and economies in the developing countries hold a great
potential for growth of artificial heart-lung machine market. In
addition, innovation of artificial heart-lung machines with improved
features and lifecycle are expected to offer good opportunities for
artificial heart-lung machine market. One of the latest trends that have
been observed in the artificial heart-lung machine market includes the
companies involved in R&D of new products with improved features.
Some of the major companies dealing in artificial heart-lung machine
market are Medtronic Inc., Sorin Group and MAQUET GmbH & Co. KG.
Some other companies having significant presence in artificial
heart-lung machine market are Terumo Corporation, C. R. Bard Inc. and
Edwards Lifesciences.
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