Fact.MR – A Market Research and Competitive Intelligence Provider: Increasing cases of cardiovascular diseases, rising geriatric population, and advancements in fluid management systems are pressing upon the need for advanced hemoconcentrators.
Application in Cancer Treatment Shaping Hemoconcentrators Demand Outlook for 2021-2031
The latest Fact.MR market survey on the global hemoconcentrators market provides insights into key developments registered across segments in terms of product, application, and end-user. The study also highlights organic and inorganic growth strategies adopted by key players to gain a competitive edge in the hemoconcentrators market.
Fact.MR – A Market Research and Competitive Intelligence Provider: Increasing cases of cardiovascular diseases, rising geriatric population, and advancements in fluid management systems are pressing upon the need for advanced hemoconcentrators. Considering these factors, Fact.MR has predicted the global hemoconcentrators market to grow at a healthy pace during the forecast period.
Hemoconcentrators are used in cardio and bypass surgeries to remove fluids. These devices maintain hematocrit levels which further prevents blood coagulation. Rising demand for cost-effective and efficient equipment for haemodilution blood processing is leading to product advancements in the market, which in turn is positively shaping the sales outlook of hemoconcentrators.
Sales of hemoconcentrators however dipped as production suspended during the peak of COVID-19. This also caused many disruptions in supply chain, which restricted the market’s growth prospects to an extent.
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However, hemoconcentrators are used in surgeries related to cardiovascular diseases, cancer, and infectious diseases. With the incidence of chronic illnesses unlikely to slow down, the demand for hemoconcentrators will soon recover.
As per the report, key market players are offering customized hemoconcentrators to fulfil the growing demand for user-friendly, accurate, accessible, and advanced fluid management solutions. These trends are anticipated to create lucrative growth opportunities for players operating in the hemoconcentrators market.
As per Fact.MR’s regional analysis, the U.S. is anticipated to dominate the North America hemoconcentrators market. Increasing incidence of cancer and cardiovascular diseases in the country, coupled with rapid adoption of technologically advanced medical equipment will improve sales of hemoconcentrators in the forthcoming years.
“Increasing per capita expenditure on healthcare, coupled with product advancements by market players will continue augmenting growth of hemoconcentrators market during the assessment period,” says the Fact.MR analyst.
Key Takeaways from Hemoconcentrators Market Survey
- Sales of adult hemoconcentrators are projected to remain high during the forecast period.
- Applications of hemoconcentrators in cancer treatment will continue gaining traction.
- Hospitals will emerge as the fastest-growing end-use segment.
- The U.S. is poised to dominate the North America hemoconcentrators market, owing to robust healthcare infrastructure and heath treatment reimbursement plans in the country.
- Increasing rates of technological advancements in the U.K. will place it as an attractive market in Europe.
Growth Drivers:
- Customization of hemoconcentrators offered by market players will boost sales of the same during the assessment period.
- Technological advancements in fluid management systems will continue driving sales of hemoconcentrators.
Restraints:
- Product recalls might cause bottlenecks in market growth.
- Lack of skilled professionals in developing nations might negatively affect hemoconcentrators market growth.
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Competitive Landscape
Key players operating in the global hemoconcentrators market are investing in strategic collaborations, mergers, and acquisitions to cater to the growing demand. In addition to this, new product developments and intensive research and development will remain a part of prominent growth strategies among leading players. For instance, in March 2021, Medtronic and Spectrum Health announced a strategic collaboration to improve the value of healthcare for patients in West Michigan.
Leading Players in the Hemoconcentrators Market Include:
- Medtronic PLC
- MAQUET Holding B.V. & Co. KG.
- Sorin Group
- Nipro
- Andocor N.V.
- LivaNova plc
- Cantel Medical Corporation
- Medivators
- Terumo Cardiovascular Systems
- Medica s.p.a.
More Valuable Insights on Hemoconcentrators Market
Fact.MR provides an unbiased analysis of the hemoconcentrators market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global hemoconcentrators market with a detailed segmentation on the basis of:
Product:
- Adult Hemoconcentrators
- Pediatric Hemoconcentrators
Applications:
- Cancer
- Renal Disease
- Gastrointestinal Diseases
- Infectious Diseases
End-User
- Hospitals
- Ambulatory Surgical Centers
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
Key Questions Covered in the Hemoconcentrators Market Report
- The report offers insight into hemoconcentrators market demand outlook for 2021-2031
- The market study also highlights projected sales growth for hemoconcentrators market between 2021 and 2031
- Hemoconcentrators market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
- Hemoconcentrators market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others
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