During cardiac bypass surgery, a hemoconcentrator is a device that removes fluid. Hemoconcentrators are used in the extracorporeal circuit to control hemodilution, keep hematocrit levels stable, and reduce the need for additional blood products during and after surgery.. Hemoconcentrators are commonly utilised during cardiac bypass surgery and have become the preferred tool for surgeons and perfusionists to regulate hemodilution during cardiopulmonary surgery.
High prevalence of cardiovascular diseases is expected to lead to high demand for hemoconcentrators and thus drive the adult and pediatric hemoconcentrators market growth
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During cardiac bypass surgery, hemoconcentrators are often utilised devices. The high prevalence of cardiovascular illnesses is projected to be a primary driver of hemoconcentrator demand. The World Health Organization (WHO) said in 2017 that cardiovascular illnesses are the top cause of mortality worldwide. Cardiovascular disorders kill more individuals each year than any other reason.
According to figures released by the World Health Organization (WHO) in 2018, 17.7 million people died from cardiovascular illnesses in 2015, accounting for 31% of all fatalities worldwide. Because of the rising prevalence of cardiovascular disorders, hemoconcentrators are likely to be in high demand, driving worldwide adult and paediatric hemoconcentrators market growth over the forecast period.
Terumo Corporation, LivaNova Plc., Medtronic Plc., and others are among the market’s major participants. All of these major firms produce and market their own innovative hemoconcentrators, which are made of various materials and offer various benefits. For example, in 2011 Minntech Corporation (a Cantel Medical Corporation company) introduced The Hemocor HPH Hemoconcentrator made with Eastman Chemical Company’s Tritan Copolyester. Tritan is a new-generation copolyester that provides toughness, chemical resistance, and colour stability for renal medical device housings following sterilisation.
The global adult and pediatric hemoconcentrators market size was valued at US$ 10.7 Mn in 2017, and is expected to witness a CAGR of 3.3% during the forecast period (2018 – 2026).
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North America is expected to hold dominant position in the market, owing to frequent approvals of new adult and pediatric hemoconcentrators by regulatory bodies
Because of the high prevalence of cardiovascular illnesses in the United States and increased healthcare awareness in the region, North America is likely to dominate the global adult and paediatric hemoconcentrators market over the forecast period.
According to data published by the American Heart Association in 2018, about 92.1 million adults in the United States suffer from cardiovascular disease or stroke-related complications. Cardiovascular illnesses are the leading cause of death in the United States, accounting for approximately 836,546 deaths.
The US Food and Drug Administration (FDA) regulates and approves hemoconcentrators, as well as recalling items if there is a problem with the device. For example, in 2015, the U.S. Food and Drug Administration recalled Terumo Custom Cardiovascular Procedure Kit X-Coated Adult Pak. The custom cardiovascular procedure kits contain recalled component, Medivators HPH700, the high performance hemoconcentrators.
In addition, prominent market players are engaging in strategic merger and acquisition activities in order to strengthen their market positions and get a larger portion of the worldwide adult and paediatric hemoconcentrators market. For example, in 2015, Italy-based Sorin S.p.A—a manufacturer of hemoconcentrators with presence in France, Italy, Japan, and Texas—merged with U.S.-based company, Cyberonics, Inc., to form a company named LivaNova, Plc. With this, the merged company is expected to strengthen and expand its presence in the global market.
Key players operating in the global adult and pediatric hemoconcentrators market include Medivators Inc., Terumo Corporation, LivaNova, PLC, Maquet (a Getinge Group company), Medica S.p.A, and others.
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Table of Contents
- Research Objectives and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Novel Product Launch/Approval
- Merger-Acquisition Scenario
- PEST Analysis
- PORTER’s Analysis
- Regulatory Scenario
- Reimbursement Scenario
- Epidemiology
- Market Dynamics
- Global Adult and Pediatric Hemoconcentrators Market, By Product Type, 2018 – 2026 (US$ Mn)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017–2026
- Segment Trends
- Adult Hemoconcentrators
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
- Pediatric Hemoconcentrators
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
- Introduction
- Global Adult and Pediatric Hemoconcentrators Market, By End User, 2018 – 2026 (US$ Mn)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017–2026
- Segment Trends
- Hospital
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
- Introduction
- Global Adult and Pediatric Hemoconcentrators Market, By Region, 2018 – 2026 (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, For Regions, 2017–2026
- North America
- Market Size and Forecast, By Product Type, 2016 – 2026 (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2026 (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2026 (US$ Mn)
- U.S.
- Canada
- Europe
- Market Size and Forecast, By Product Type, 2016 – 2026 (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2026 (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2026 (US$ Mn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product Type, 2016 – 2026 (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2026 (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2026 (US$ Mn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast, By Product Type, 2016 – 2026 (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2026 (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2026 (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Africa
- Market Size and Forecast, By Product Type, 2016 – 2026 (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2026 (US$ Mn)
- Market Size and Forecast, By Country/Region, 2016 – 2026 (US$ Mn)
- Central Africa
- South Africa
- North Africa
- Middle East
- Market Size and Forecast, By Product Type, 2016 – 2026 (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2026 (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2026 (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Medivators Inc.
- Company Overview
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Terumo Corporation
- Company Overview
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- LivaNova, PLC
- Company Overview
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Maquet (a Getinge Group company)
- Company Overview
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Medica S.p.A
- Company Overview
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Medtronic Plc.
- Company Overview
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Medivators Inc.
- Section
- References
- Research Methodology
- About us and Sales Contact
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