Heart-lung Machines Market to Grow at 3.67% CAGR to 2020

Jul 18, 2016, 06:00 ET from ReportsnReports

PUNE, India, July 18, 2016 /PRNewswire/ --

The Global heart-lung machines market 2016-2020 reports says a trend which is helping boost market growth is the development of modular heart-lung machines. Hospitals and ASCs prefer modular heart-lung machines as they are user-friendly, cost-effective, and safe, and include features such as rechargeable batteries, thereby offering flexibility to surgeons. Manufacturers such as LivaNova, Terumo Medical, and MAQUET have developed next-generation modular heart-machines, which can be controlled and monitored through a single control panel. The analysts forecast global heart-lung machines market to grow at a CAGR of 3.67% during the period 2016-2020.

Complete report on heart-lung machines market spread across 57 pages, analyzing 5 major companies and providing 31 data exhibits now available at http://www.reportsnreports.com/reports/610254-global-heart-lung-machines-market-2016-2020.html.

According to the 2016 heart-lung machines market report, a key growth driver is the increase in medical tourism to APAC countries. The prevalence of CVDs in APAC owing to changing lifestyles in emerging economies such as China and India has increased the demand for cardiac surgeries. These economies are experiencing the growing need for improved healthcare, where more patients are able to access affordable healthcare services. These affordable healthcare services available in APAC attract patients from developed countries such as the UK, Canada, and the US.

During 2015, the ambulatory surgical centers (ASCs) segment accounted for almost 63% of the overall market space to become the key revenue generator in the global heart-lung machines market. ASCs help patients save on the cost and duration of treatment. They include advanced operating equipment, surgeons, skilled staff, and operating and recovery rooms, but without the complex administrative procedures, which sometimes delay treatment and often burden most of the hospitals.

Recently, portable heart-lung machines have been gaining much traction in the market. Portable heart-lung machines weigh less and occupy less space in operating rooms unlike conventional heart-lung machines, but are quite expensive. To reduce the financial burden on hospitals, vendors have developed portable heart-lung machines that can operate on rechargeable battery and can be transported to any part of the hospital. Such machines enable physicians to provide extracorporeal circulation to patients who are in the critical stage during any emergency period, either in an ambulatory setting or operating rooms,

The following companies are the key players in the global heart-lung machines market: Braile Biomédica, LivaNova, MAQUET, Medtronic, and Terumo Medical. Other prominent vendors in the market are: Elite Life Care, Hemovent, Medizintechnik, and Tianjin Welcome Medical Equipment. Order a copy of Global Heart-lung Machines Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=610254

Global Heart-Lung Machines Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The report covers the present scenario and the growth prospects of the global heart-lung machines market for 2016-2020. To calculate the market size, the revenue generated from the sales of various types' heart-lung machines is considered.

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Explore other new reports on Medical Devices Market @ http://www.reportsnreports.com/market-research/medical-devices/.

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