3.8% CAGR for Perfusion Systems Market to Reach US$ 1,442.28 Million in 2027

Bioreactor perfusion systems segment is expected to drive the growth of the global perfusion systems market by application - New Research by The Insight Partners

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Pune, India -- (SBWire) -- 03/19/2019 --According to a new market research study titled 'Perfusion Systems Market - Global Analysis and Forecasts by Type, and Component. The global perfusion systems market is expected to reach US$ 1,442.28 Mn in 2027 from US$ 1,044.75 Mn in 2018. The market is estimated to grow with a CAGR of 3.8% from 2019-2027.

The report highlights the trends prevalent in the global perfusion systems market and the factors driving the market along with those that act as deterrents to its growth. The market is expected to grow due to the rising prevalence of cardiovascular diseases, significant growth of pharmaceutical and biotechnology industries, rising need for the organ transplantation, and rising cell based research activities. However, expensive organ transplant surgeries, and limited numbers of donors for organ transplant surgeries are likely to pose a negative impact on the market growth.

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Global perfusion systems market, based on component was segmented into oxygenators, heart-lung machines, perfusion pumps, monitoring systems, cannulas, and others. The oxygenators segment is anticipated to grow at a CAGR of 4.4% during the forecast period. The increasing number of the cardiovascular surgeries, liver transplantation and kidney transplantation across the world is likely to contribute to the growth and dominance of the segment. The oxygenators segment is also expected to exhibit highest growth witnessing a robust CAGR over the forecast years.
Some of the major primary and secondary sources for perfusion systems included in the report are Australasian Board of Cardiovascular Perfusion, Board of Cardiovascular Perfusion India, China Food & Drug Administration, contract research organizations, Food and Drug Administration, New Mexico Asthma Control Program and among others.

In 2018, the perfusion systems with bioreactor segment held a largest market share of 44.3% of the perfusion systems market, by type. This segment is also expected to dominate the market in 2027 owing to the increasing production by the biopharmaceutical and pharmaceutical and its advantages including, high quality of product, product stability, scalability. Moreover, the microfluidic perfusion systems segment is anticipated to also witness the significant growth rate of 3.9% during the forecast period, 2019 to 2027 owing to provide application at point of care.

The report segments the global Perfusion Systems Market as follows:

Global Perfusion Systems Market – By Type
- Microfluidic Perfusion Systems
- Small-Mammal Organ Perfusion Systems
- Bioreactor Perfusion Systems
- Gravity or Pressure-Driven Perfusion Systems

Global Perfusion Systems Market – By Component
- Perfusion Pumps
- Oxygenators
- Heart-Lung Machines
- Monitoring Systems
- Cannulas
- Others

Global Perfusion Systems Market - By Geography

- North America
- U.S.
- Canada
- Mexico

Europe
- France
- Germany
- Italy
- Spain
- U.K
- Rest of Europe

Asia Pacific (APAC)
- Japan
- China
- India
- Australia
- Rest of APAC

Middle East & Africa (MEA)
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA

South America (SAM)
- Brazil

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About The Insight Partners
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Automotive, Electronics and Chemical industries.

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