Centrifugal Blood Pump Market Anticipated to Grow Rapidly During 2030 | Future Market Insights
2020 Analysis and Review: Centrifugal Blood Pumps Market by Motor Type – Electronic and Mechanical for 2020 and 2030
Dubai, United Arab Emirates – March 24, 2021 /MarketersMedia/ —
FMI states in its recent study that the centrifugal blood pump market will record a CAGR of 4% through 2030. Demand for centrifugal blood pumps is anticipated to continue surging particularly due to the increase in heart diseases of people all across the world.
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“A slew of cardiovascular products was launched for the management of cardiac disorders over the last decade and development of more are currently underway. With leading manufacturers expecting the demand to surge amid COVID-19, centrifugal blood pump sales are set to grow steadily through 2030.” says the FMI analyst.
Centrifugal blood pump Market – Important Highlights
The demand for electronic centrifugal blood pumps is estimated to rise in the forecasted period, owing to its increased energy efficiency
Hospital sectors are anticipated to be the leading end-users
North America led by the US is estimated to be the major shareholder in the market owing to its expansion in healthcare spending.
China is estimated to be the lead market for centrifugal blood pumps in the forecasted period, due to its rapid increase in the geriatric population
Centrifugal blood pump Market – Drivers
The rapid increase in health problems like heart diseases around the world
Increasing in geriatric population
Favorable government policies like an increase in healthcare spending are further driving the market.
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Centrifugal blood pump Market – Restraints
Low-cost alternatives by China-based pump manufacturers is expected to be a hurdle in the growth of the global centrifugal pump market during the forecast period
A low rate of energy-efficiency is expected to restrain the growth of global centrifugal pump market growth over the period.
COVID-19 Impact on Centrifugal blood pump Market
During this time there has been a disruption in the supply and demand chain which has caused an impact on the revenue of the centrifugal blood pumps in a negative way. However, this is estimated to be a temporary effect and the market is expected to have a turnaround. The pandemic has led to a decrease in the patient’s flow in the hospitals, and doctor chambers. This has caused a reduction in the number of cardio surgeries and that in turn has affected the centrifugal blood pumps market.
Competitive Landscape
Key market players are aiming at strategic alliances with service providers to address the requirements of an expanding patient base.
For example, In Feb 2018, LivaNova PLC agreed to acquire TandemLife, a privately held company that was focused on advanced cardiopulmonary temporary support solutions. Some of the leading companies operating in the centrifugal blood pump market are Medtronic Plc, Thoratec Corporation (Abbott), Terumo Corporation, and so on.
About the Study
The study offers readers a comprehensive assessment of the centrifugal blood pump market. Global, regional, and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights based on product type (electronic & mechanical motor), end-users(hospitals, clinics, ambulances), and across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).
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Table Of Content
Table Of Content
Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Assessment/Roadmap
1.5. Analysis and Recommendations
Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
2.3. Inclusions and Exclusions
Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
Market Background
4.1. Macro-Economic Factors
4.1.1. Global GDP Growth Outlook
4.1.2. Per Capita Healthcare Expenditure Outlook
4.2. Forecast Factors – Relevance & Impact
4.2.1. Increasing Cardiovascular Cases
4.2.2. Average Installed base of Centrifugal Blood Pump Systems
4.2.3. Average numbers Pumps replaced
4.2.4. Cost of Pumps (US$)
4.3. Value Chain
4.4. Market Dynamics
4.4.1. Drivers
4.4.2. Restraints
4.4.3. Opportunity Analysis
COVID19 Crisis Impact Analysis
5.1. Current COVID-19 Statistics and Probable Future Impact
5.2. Current GDP Projection and Probable Impact
5.3. Current Economic Projection as compared to 2008 financial analysis
5.4. COVID19 and Impact Analysis
5.4.1. Revenue By Motor Type
5.4.2. Revenue By Country
5.5. 2020 Market Scenario
5.6. Quarter by Quarter Forecast
5.7. Projected recovery Quarter
5.8. Recovery Scenario – Short term, Midterm and Long Term Impact
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Contact Info:
Name: Abhishek Budholiya
Email: Send Email
Organization: Future Market Insights
Website: https://www.futuremarketinsights.com/reports/centrifugal-blood-pump-market
Source: MarketersMedia
Release ID: 89002454
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