Technology market

At 5.6% CAGR, global medical infusion technology market

Miami, FL, Oct. 05, 2022 (GLOBE NEWSWIRE) — According toFacts and Factors has released a new research report titled “Medical Infusion Technology Market By Technology (Hypothermic Machine Infusion and Normothermic Machine Infusion), By Organ Type (Heart, Lung, Kidney, Liver, and Others), By Component (Infusion Pumps, Oxygenators, Heart Machines) -Lung, Monitoring Systems, Cannula, and Others), and by Region – Global and Regional Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026 » in its research database.

“According to the latest research study, the demand for Medical Infusion Technology Market Size & revenue share was valued at USD 750.15 million in 2020 and is expected to exceed approximately USD 905.50 million by 2026, growing at a compound annual growth rate (CAGR) of approximately 5.6 % over the forecast period 2021 to 2026.”

Medical infusion technology Market Overview:

Medical infusion technology is the scientific study of human anatomy that connects the lungs and adjacent organs. During surgical procedures, these infusion medical devices often mimic the function of the lungs and the heart during surgical procedures where the latter organs must be put to rest. The major drivers for the growth of the medical infusion technologies market are the growing prevalence of failing organ systems among the aging and advanced population and the increase in chronic diseases, among others.

The additional features of these devices such as increased organ preservation measures and increased organ shelf life will further drive the sales of the medical infusion technology market. However, the lack of qualified medical professionals and the high initial cost may hamper the growth of the medical infusion technology market to some extent.

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Market growth momentum

Inorganic partnerships and mergers and acquisitions are often embraced by key players in the industrial space to sustain themselves in the highly competitive market. The market is flooded with the latest innovations that are often incorporated over years of research and development cycles.

In addition, the increasing number of medical infusion technology distributors is expected to give rise to fierce competition which will eventually lead to price crunch among competitors. The pace of innovation is often stifled by a lack of product accreditation by global and local organizations.

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Segmentation Analysis:

The global medical infusion technology market can be segmented on the basis of technology, organ type, components and regions.

On the basis of technology, the global medical infusion technology market can be divided into hypothermic machine infusion and normothermic machine infusion. Hypothermic machine infusion will account for the largest market share during the forecast owing to viable alternatives for cold storage solutions and improved downtime post-operative conditions.

On the basis of organ type, the global medical infusion technology can be fragmented into heart, lung, kidney, liver and others. The kidney segment will account for the largest market share during the forecast owing to contributing factors such as increased kidney-sparing functionality added to these devices. The heart segment will represent the fastest growing CAGR during the forecast.

The global medical infusion technology market is segmented as follows:

Analysis by technology segment

  • hypothermic infusion machine
  • Northermic Machine Infusion

By organ type segment analysis

  • Heart
  • Lung
  • Kidney
  • Liver
  • Others

Analysis by component segment

  • Infusion pumps
  • Oxygenators
  • Heart-lung machines
  • Monitoring systems
  • Hoax
  • Others

Browse all “Medical Infusion Technology Market By Technology (Hypothermic Machine Infusion and Normothermic Machine Infusion), By Organ Type (Heart, Lung, Kidney, Liver, and Others), By Component (Infusion Pumps, Oxygenators, Heart Machines) -Lung, Monitoring Systems, Cannula, and Others), and by Region – Global and Regional Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026 » Report to https://www.fnfresearch.com/medical-perfusion-technology-market

Competitive landscape

The report also provides an in-depth analysis of key market competitors along with insights into their competitiveness. The research also identifies and analyzes significant business strategies employed by these major market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company’s global presence, competitors, service offerings and standards. Some of the major competitors dominating the global medical infusion technology market include-

  • Paragonix Technologies
  • TransMedics Inc.
  • OrganOx Limited
  • Bridge to Life Ltd.
  • Getinge AB
  • Medtronic
  • LivaNova PLC
  • XENIOS AG.

Key insights from primary research:

  • According to the analysis shared by our research forecaster, the medical infusion technology market is expected to grow at a CAGR of around 5.6% during the forecast period (2021-2026).
  • In terms of revenue, the medical infusion technology market size was valued at around US$750.15 million in 2020 and is projected to reach US$905.50 million by 2026.
  • Based on the technology, the hypothermic machine infusion industry is expected to fetch the highest market value over the forecast period in terms of revenue collected and sales.
  • Based on organ type, the kidney transplant related segment will account for the largest market share during the forecast.
  • Based on region, North America will reclaim the market share that brings in the most revenue.

Key offers:

  • Market Size and Forecast by Revenue | 2021−2026
  • Market dynamics – key trends, growth drivers, restraints and opportunities for investment
  • Market Segmentation – A detailed analysis by technology, organ type, component and region
  • Competitive Landscape – Top Key Suppliers and Other Significant Suppliers

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Regional analysis:

North America is expected to witness the largest market share during the forecast in terms of global revenue contribution. Growing disparity between organ demand and supply will drive the growth of the medical infusion technology market in the region. Some factors related to the growth of the market can further be attributed to expanding government funding, increased awareness of medical infusion, and increasing research and development activities in the industry.

By region

  • North America
    • WE
    • Canada
    • Rest of North America
  • Europe
    • France
    • UK
    • Spain
    • Germany
    • Italy
    • The rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • The Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East and Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Report scope

Report attribute Details
Market size in 2020 $750.15 million
Market size forecast in 2026 $905.50 million
CAGR growth rate 5.6% CAGR
base year 2020
Forecast years 2021-2026
Main market players Paragonix Technologies, TransMedics Inc., OrganOx Limited, Bridge to Life Ltd., Getinge AB, Medtronic, LivaNova PLC and XENIOS AG., among others.
key segment By technology, organ type, component and region
Main regions covered North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
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