GLOBAL PEDIATRIC PERFUSION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Regional Analysis

Global Pediatric Perfusion Market Regional Insights:

• North America has established itself as the dominant region in the global pediatric perfusion market. The region has a well-established healthcare infrastructure and high healthcare expenditure. Several leading medical device companies are based in the U.S. and Canada, who invest heavily in R&D to innovate new pediatric perfusion technologies. Hospitals in the region are well-equipped with advanced cardiac facilities and expert perfusionist staff to efficiently conduct pediatric heart surgeries, driving the need for pediatric perfusion systems. Growing awareness about congenital heart diseases and rising pediatric cardiac treatments have boosted the market growth. Moreover, the availability of private and public health insurance has made life-saving pediatric cardiac procedures more accessible.
• Asia Pacific has emerged as the fastest-growing regional market for pediatric perfusion. The Asia Pacific region is projected to be the fastest-growing market for pediatric perfusion during the forecast period. Rapid economic growth, improving healthcare infrastructure, and rising medical tourism in countries such as China, India, and Japan are fueling the demand. There is an increase in the incidence of treatable congenital heart diseases due to better diagnosis and screening. This is encouraging hospitals to strengthen their pediatric cardiology departments with advanced equipment such as pediatric heart-lung machines. Also, increased government funding for pediatric healthcare and initiatives to spread awareness will support market expansion. Being a major manufacturing hub, several global Original Equipment Manufacturers (OEM) have set up production bases in the region to cater to the rising needs, providing impetus to domestic companies as well. Although import duties remain high on certain medical devices, local companies are striving to indigenously develop affordable pediatric perfusion products. The growing pediatric population base presents lucrative opportunities for both international and domestic players in the pediatric perfusion market.