The cardiopulmonary bypass (CPB) equipment market is primarily driven by the increasing prevalence of cardiovascular diseases, the growing geriatric population, and the rising number of cardiac surgeries. The market is also influenced by technological advancements in CPB equipment, such as the development of miniaturized and portable systems. The demand for CPB equipment is also boosted by the increasing availability of reimbursement for cardiac surgeries and the growing adoption of minimally invasive procedures. However, the market is facing challenges such as the high cost of CPB equipment, the risk of complications associated with its use, and the availability of alternative treatments. Despite these challenges, the market is expected to continue to grow due to the increasing demand for advanced cardiac surgery procedures and the growing adoption of CPB equipment in emerging markets.
The global Cardiopulmonary Bypass Equipment Market is estimated to be valued at US$ 118.0 million in 2022 and is expected to exhibit a CAGR of 1.7% during the forecast period (2022-2030).
Prominent Companies in the Cardiopulmonary Bypass Equipment Industry:
1. Medtronic Plc
Medtronic is a medical technology company that was founded in 1949 in Minneapolis, Minnesota, United States. The company specializes in medical devices and therapies, with a focus on cardiovascular, diabetes, and neurological conditions. Its headquarters are currently located in Dublin, Ireland, and the company operates in over 150 countries worldwide. In November 2021, Medtronic announced the launch of its new Advanced Hemodynamic Monitoring (AHM) system for use during cardiopulmonary bypass procedures.
2. LivaNova PLC
LivaNova is a global medical technology company that was founded in 2015 as a merger between Sorin Group and Cyberonics. The company specializes in advanced cardiovascular and neuromodulation therapies. Its headquarters are located in London, United Kingdom, and the company operates in over 100 countries worldwide. In March, 2023 LivaNova PLC a market-leading medical technology and Innovation Company, announced it received U.S. Food and Drug Administration (FDA) 510(k) clearance for its Essenz™ Heart-Lung Machine (HLM). With FDA clearance, LivaNova initiates the commercial launch of Essenz in the U.S. The Company also recently received approval for the Essenz HLM from Health Canada and the Japanese Pharmaceuticals and Medical Devices Agency (PMDA).
3. MAQUET Holding B.V. & Co. KG.
MAQUET is a medical technology company that was founded in 1838 in Germany. The company provides a range of surgical equipment and devices, including anesthesia machines, ventilation systems, and surgical lights. Its headquarters are currently located in Rastatt, Germany, and the company operates in over 100 countries worldwide. In July 2021, MAQUET announced the launch of its new Cardiohelp-i system, an updated version of its portable cardiopulmonary bypass system. The Cardiohelp-i features a new touchscreen interface, enhanced battery life, and improved data management capabilities.
4. Terumo Corporation
Terumo is a medical technology company that was founded in 1921 in Japan. The company specializes in the development and manufacturing of medical devices and supplies, including cardiovascular and peripheral vascular devices, infusion systems, and blood glucose monitoring systems. Its headquarters are currently located in Tokyo, Japan, and the company operates in over 160 countries worldwide. In February, 2023 Terumo India, the Indian arm of Terumo Corporation has partnered with Siemens Healthineers, to introduce a first-of-its-kind programme for Cathlab Directors aimed at building standards of care and enhancing efficiency in Cathlabs across India, in collaboration with Executive Education at the Indian School of Business a globally top-ranked business school.
5. Braile Biomedica
Braile Biomedica is a medical technology company that was founded in 1977 in Brazil. The company provides a range of medical devices and services, including cardiovascular and respiratory products, implants, and surgical instruments. Its headquarters are currently located in Sao Jose do Rio Preto, Brazil, and the company operates in over 60 countries worldwide.
6. Tianjin Medical
Tianjin Medical is a medical technology company that was founded in 2003 in China. The company specializes in the development and manufacturing of medical devices and supplies, including anesthesia machines, patient monitors, and surgical instruments. Its headquarters are currently located in Tianjin, China, and the company operates in over 70 countries worldwide.
*Definition- Cardiopulmonary bypass (CPB) equipment is a medical technology used during cardiac surgery to temporarily divert the patient's blood flow away from the heart and lungs, allowing the surgeon to perform the procedure while the heart is not beating. The equipment includes a heart-lung machine and various components such as cannulas, tubing, and oxygenators.
