The North America Perfusion Systems Market is worth USD 0.35 billion in 2016 and estimated to grow at a CAGR of 4.5%, to reach USD 0.43 billion by 2021. The North America Perfusion Systems market is developing at an exceptionally quick pace.
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Perfusion is the path of fluid from the circulatory system or lymphatic system to an organ or a tissue, generally denoting to the delivery of blood to a capillary bed in tissue. Cardiac perfusion systems were used for some time to replace the functions of the heart in cardiac surgeries.
The crucial factor driving the growth of this market is Increasing Prevalence of Cardiovascular and Respiratory Diseases Rising Number of Organ Transplantations in developed as well as developing further propels the growth of this market. Though, High Cost of Organ Transplantation in emerging nations, ethical concerns and stiff competition from local players with low cost products are hinders the growth of this market.
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The North America market for Perfusion Systems is segmented on the basis of type, component, technique and region. Based on component, the market is segmented into Heart-lung Machines, Perfusion Pumps, Oxygenators, Monitoring Systems, Cannulas, and Other Components. Based on Type, the market is segmented into Bioreactor Perfusion Systems, Microfluidic Perfusion Systems, Gravity/Pressure-driven Perfusion Systems, and Small-mammal Organ Perfusion Systems. The bioreactor perfusion systems segment holds the major share of the perfusion systems market in 2016 and is projected to record the highest CAGR during the forecast period. Based on technique, the market is segmented into Hypothermic Machine Perfusion Systems, and Normothermic Machine Perfusion Systems.
The North America market has been geographically segmented into segmented into US, Canada and Mexico. North America has the highest no. share in this market .USA has the highest demand followed by Canada and Mexico. The North America region is largely driven by environmental concerns.
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Getinge AB (Sweden), Medtronic plc (Ireland), LivaNova PLC (U.K.), Terumo Corporation (Japan), XENIOS AG (Germany) , Repligen Corporation (U.S.), Spectrum Laboratories, Inc. (U.S.), Merck KGaA (Germany), Harvard Bioscience, Inc. (U.S.), and ALA Scientific Instruments, Inc. (U.S.)are the leaders in the North America Perfusion Systems market.
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