The Global Adultand Pediatric Hemoconcentrators Market, by Product Type (AdultHemoconcentrators and Pediatric Hemoconcentrators), by End User (Hospital,Ambulatory Surgical Centers, and Others), and by Region (North America, LatinAmerica, Europe, Asia Pacific, Middle East, and Africa), was valued at US$ 10.7Mn in 2017, and is projected to exhibit a CAGR of 3.3% during the forecastperiod (2018–2026).
High prevalence of cardiovasculardiseases is expected to increase demand for hemoconcentrators, which in turn isexpected to drive the global adult and pediatric hemoconcentrators marketgrowth over the forecast period. According to study published by the WorldHealth Organization (WHO), in 2015, globally, around 7.4 million people dieddue to coronary heart diseases; and according to the Centers for DiseaseControl and Prevention (CDC), in 2016, around 8.5 million people in the U.S.suffered from peripheral artery diseases. According to the data published bythe National Center for Biotechnology Information in 2016, in the U.S., over 350,000people suffered from out-of-hospital cardiac arrest (OHCA) and about 209,000from in-hospital cardiac arrest (IHCA), with a survival rate of 12% and 24.9%,respectively Such high prevalence of cardiovascular diseases is expected toincrease demand for hemoconcentrators during surgical procedures and thus,support adult and pediatric hemoconcentrators market growth over the forecastperiod.
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Browse 18 Market Data Tables and23 Figures spread through 120 Pages and in-depth TOC on Global Adult andPediatric Hemoconcentrators Market, by Product Type (Adult Hemoconcentrators,and Pediatric Hemoconcentrators), by End User (Hospital, Ambulatory SurgicalCenters, and Others), and Region (North America, Latin America, Europe, AsiaPacific, Middle East, and Africa) - Global Forecast to 2026
Furthermore, advantages offeredby hemoconcentrator devices is expected to rise its adoption and support globaladult and pediatric hemoconcentrators market growth during the forecast period.For instance, according to the data published by Annals of Thoracic Surgery in2013, hemoconcentrator functions without technical failures and offerscomplementary technique in blood management during cardiac operations. Key playersin the market are involved in strategic partnerships and collaborationactivities for expanding their presence in the market and to gain major marketshare. Such strategic activities are expected to increase adoption ofhemoconcentrators in different economies and support market growth in the nearfuture. For instance, in 2016, MEDIVATORS Inc. (a Cantel Medical Corporationcompany), a manufacturer of Hemocor HPH family hemoconcentrators, expanded itsdirect sales operations in Canada by acquiring endoscope reprocessing businessassets from its Canadian distributor, Vantage Endoscopy, Inc., a subsidiary ofDiploma Canada Holdings Ltd.
Key Takeaways of the Adult andPediatric Hemoconcentrators Market:
The global adult and pediatrichemoconcentrators market is expected to exhibit a CAGR of 3.3% during theforecast period (2018 – 2026), owing to frequent product launches andapprovals, and robust pipeline of novel adult and pediatric hemoconcentrators
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North America is expected to holddominant position in global adult and pediatric hemoconcentrators market overthe forecast period, owing to high prevalence of cardiovascular diseases andincreasing healthcare awareness in the region
China and India are expected toexhibit high growth in Asia Pacific adult and pediatric hemoconcentratorsmarket, due to rising geriatric population who are more prone to cardiovasculardiseases
Key players such as MedtronicPlc. and distribute hemoconcentrators manufactured by Medivators Inc. invarious key regions
Key players are adoptingstrategic mergers and acquisitions strategy in order to expand its productportfolio and market presence. For instance, in 2015, Sorin S.p.A, a providerof hemoconcentrators, merged with a U.S.-based company, Cyberonics, Inc. Thenewly formed company was named LivaNova, Plc.
Major players operating in theglobal adult and pediatric hemoconcentrators market include Medivators Inc.,Terumo Corporation, LivaNova, PLC, Maquet (a Getinge Group company), MedicaS.p.A,, and others
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