Fact.MR – A Market Research and Competitive Intelligence Provider: The demand for advanced hemoconcentrators is growing due to an increase in cardiovascular disease cases, a growing geriatric population, and advances in fluid management systems.
Surge in Cardiovascular Diseases Globally to Stimulate the Hemoconcentrators Market Growth
The latest Fact.MR market study 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: The demand for advanced hemoconcentrators is growing due to an increase in cardiovascular disease cases, a growing geriatric population, and advances in fluid management systems. Fact.MR expects the global hemoconcentrators market to develop at a healthy rate during the projected period, based on these factors.
Hemoconcentrators are used to drain fluids during cardiac and bypass procedures. These devices keep hematocrit levels stable, preventing blood clotting. Rising need for cost-effective and efficient equipment for haemodilution blood processing is leading to market developments, which is positively shaping hemoconcentrator sales prospects.
Hemoconcentrator sales, on the other hand, fell since production was halted during COVID-19’s peak. This also generated several supply chain interruptions, limiting the market’s growth potential to some extent.
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Hemoconcentrators, on the other hand, are employed in surgery for cardiovascular illnesses, cancer, and infectious infections. The demand for hemoconcentrators will soon rebound, as the incidence of chronic conditions is unlikely to decrease.
Key market players are offering customised hemoconcentrators to meet the increased demand for user-friendly, accurate, accessible, and advanced fluid management solutions, according to the analysis. Players in the hemoconcentrators market can expect profitable growth prospects as a result of these trends.
The United States is expected to dominate the North American hemoconcentrators market, according to Fact.MR study. In the next years, the rising incidence of cancer and cardiovascular disorders in the country, together with the growing adoption of technologically improved medical equipment, will boost hemoconcentrator sales.
“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:
- Adult hemoconcentrator sales are expected to stay strong during the forecast period.
- Hemoconcentrator applications in cancer treatment will continue to gain traction.
- The fastest-growing end-use segment will be hospitals.
- Due to its solid healthcare infrastructure and health treatment reimbursement policies, the United States is likely to dominate the North American hemoconcentrators market
- Increasing rates of improved technology in the United Kingdom will make it an appealing market in Europe.
Growth Drivers:
- During the assessment period, market players’ customization of hemoconcentrators will increase sales.
- Sales of hemoconcentrators will continue to be driven by technological developments in fluid management systems.
Key Restraints:
- Product recalls may result in market growth obstacles.
- In developing countries, a scarcity of competent professionals could stifle the demand for hemoconcentrators.
Competitive Landscape
Prominent industry leaders are implementing cutting-edge technologies to meet consumers’ unmet requirements. To maintain their position in the worldwide hemoconcentrators market, major companies are engaging in strategic alliances and acquisitions.
Spectrum Health and Medtronic, for example, announced a collaboration in March 2021 to drive value in healthcare for patients in West Michigan.
Some of the key players of Hemoconcentrators 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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Source: Fact.MR