Perfusion System Market (By Technology: Hypothermic, Normothermic; By Organ Type: Heart, Lung, Kidney, Liver, Others; By Application: Cardiopulmonary Perfusion System, Cell Perfusion System, Ex-vivo Organ Perfusion System) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022 – 2030

Published Date : Jun 2022 | No. of Pages : 250 Pages | Category : Healthcare

The global perfusion system market was valued at USD 1.2 billion in 2021 and is projected to be worth around USD 1.89 billion by 2030, expanding at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2030.

Perfusion System Market Size 2021 to 2030

Factors such as the growing prevalence of chronic diseases and the rise in the number of organ transplants and multiple organ failures are anticipated to boost the market growth. In addition, increasing investments in cell-based research and a rise in biologics manufacturing are further expected to impel the growth of the perfusion system industry.

There was a steep downfall in the sales of perfusion systems during the first half of the pandemic. The lockdowns and restrictions imposed by governments globally resulted in reduced patient visits to hospitals, a reduced number of surgeries, and a slowdown in R&D activities. However, with the increasing efforts of the government and healthcare professionals to curb the spread of the virus and prepare for similar events in the future, the market began to recover in 2021 and is expected to flourish during the forecast period.

The rising demand for organ transplantation is the major factor propelling the growth of the market. As per the data published by the United Network for Organ Sharing, in the United States, 113,379 people need a lifesaving organ transplant (total waiting list candidates) as of August 2019. The rising demand for organ transplantation is expected to increase the demand for reliable organ perfusion systems. In addition, there is a rising prevalence of cardiovascular and respiratory diseases across the globe boasting the demand for organ transplantation. As per the data published by the Division of Transplantation (DoT) of the Department of Health and Human Services, Health Resources and Services Administration's Healthcare Systems Bureau, there were 3,408 heart transplants in 2018. Thus, owing to the rising demand for organ transplantation and an increase in the prevalence of cardiovascular and respiratory diseases the market is expected to witness high growth.

Organ Type Insights

The rising prevalence of chronic kidney diseases is the major factor driving the growth of the market. As per the National Institute of Diabetes and Digestive and Kidney Disease, the prevalence of Chronic Kidney Disease (CKD) in the United States is about 14%. Similarly, in the United Kingdom as per Kidney Research UK report 2018, it is estimated that 3 million lives are at risk, as a result of moderate to severe chronic kidney disease. An estimated, 1 million people in the United Kingdom have chronic kidney disease but are undiagnosed. Furthermore, machine perfusion techniques demonstrated several benefits when compared with cold storage techniques. Thus, owing to the all above-mentioned factors the market is expected to witness high growth over the forecast period.

Application Insights

The cardiopulmonary perfusion system held the highest revenue share of more than 43% in 2021, aided by the increasing prevalence of cardiovascular & respiratory diseases and a rapid rise in the number of organ transplant procedures being carried out across the globe. Based on application, the perfusion system market is segmented into cardiovascular perfusion system, cell perfusion system, and ex-vivo organ perfusion system.

The ex-vivo organ perfusion system accounted for almost 30% of the overall market share in 2021. This is because the ex-vivo perfusion system has the capability to allow organs to survive longer outside the body and make immediate transplants less urgent. This further helps the number of organs available for transplant to grow.

The cardiopulmonary perfusion system is further classified into oxygenators, heart-lung machines, perfusion pumps, cannula, monitoring systems, and others. The oxygenator segment held the largest revenue share in 2021 owing to the rising incidences of cardiopulmonary failure.

The cell perfusion system is further segmented into bioreactor perfusion system, microfluidic perfusion system, gravity/pressure-driven perfusion system, and small mammal organ perfusion system. The bioreactor perfusion system dominated the cell perfusion system segment with the highest share in 2021. This is attributed to factors such as the rising demand for biological products and the constant need to increase product yield & reduce production costs. 

The ex-vivo organ perfusion system is further segmented into hypothermic and normothermic. The hypothermic segment accounted for the highest market share of more than 63% in 2021. This can be attributed to the advantages that the hypothermic perfusion system offers, such as better long-term graft survival rates, the ability to provide metabolic support, and decreased vasospasm.

On the other hand, the normothermic perfusion systems held about 37% of the segment share in 2021. The subsegment is expected to experience steady growth during the forecast period, as it is not only beneficial in preserving extended criteria donor (ECD), but also offers the convenience of organ quality assessment.

Regional Insights

North America dominated the perfusion systems market with the highest revenue share of more than 39% in 2021. This is attributed to the enormous healthcare spending and advantageous health cover policies by both government and private insurers in the region. The growing number of organ donors is a major factor contributing to the growth of the regional perfusion systems demand. According to the Health Resources & Services Administration, in the U.S., more than 40,000 transplants were carried out in 2021. The United States is expected to be the largest perfusion system market owing to the rising technological advancements and the presence of better healthcare infrastructure. Furthermore, the rising prevalence of cardiovascular and respiratory diseases increasing the demand of perfusion systems. According to the data published by the United Network for Organ Sharing, there were 19,513 transplants performed as of June 2019. However, the high cost of transplantation and scarcity of donors is the major factor expected to hinder the growth of the market. Thus, owing to the all above-mentioned factors the market is expected to hold the largest market share.

However, the Asia Pacific region is projected to advance at the maximum CAGR of 5.5% during the forecast period. Factors such as an increase in the geriatric population, and the shift towards a sedentary lifestyle that is contributing to a rise in the prevalence of chronic diseases, are driving the growth of the market in this region. Various regional government initiatives are also anticipated to boost the growth of the perfusion systems market.

Moreover, in countries like India and China, the number of patients in need of an organ transplant is way higher than the number of organ donors, which is a cause of concern for the government and healthcare officials; therefore, these countries are focusing on developing various strategies to promote organ donation.

Key Players

  • Getinge AB
  • Medtronic, plc
  • LivaNova
  • Terumo Corporation
  • Nipro Corporation
  • XENIOS AG
  • Repligen Corporation
  • Spectrum Laboratories, Inc.
  • Merck KGaA
  • Harvard Bioscience, Inc.
  • ALA Scientific Instruments, Inc.
  • Lifeline Scientific, Inc.
  • XVIVO Perfusion AB

Market Segmentation

By Technology

  • Hypothermic
  • Normothermic

By Organ Type

  • Heart
  • Lung
  • Kidney
  • Liver
  • Others

By Application

  • Cardiopulmonary Perfusion System
    • Oxygenators
    • Heart-lung Machine
    • Perfusion Pumps
    • Cannula
    • Monitoring System
    • Others
  • Cell Perfusion System
    • Bioreactor Perfusion System
    • Microfluidic Perfusion System
    • Gravity/Pressure-driven Perfusion System
    • Small Mammal Organ Perfusion System
  • Ex-vivo Organ Perfusion System

Regional Outlook

    • North America

      • The U.S.

      • Canada

    • Europe

      • The U.K.

      • Germany

    • Asia Pacific

      • Japan

      • China

    • Latin America

      • Brazil

      • Mexico

    • The Middle East and Africa

      • South Africa

The Perfusion System market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Perfusion System market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Perfusion System market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Perfusion System market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Perfusion System market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Perfusion System capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Perfusion System by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Perfusion System market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Perfusion System market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Perfusion System market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Perfusion System industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Perfusion System market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Perfusion System market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Perfusion System market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Perfusion System market. These factors have benefited the growth of the global market for Perfusion System. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Perfusion System. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Perfusion System are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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