Pediatric Perfusion Market Size, Share & Trends Analysis Report By Product (Pediatric Oxygenators, Pediatric Cannulae, Pediatric Blood Pumps), By End-use (Hospitals, Cardiac Centers), By Region, And Segment Forecasts, 2023 - 2030

Pediatric Perfusion Market Size, Share & Trends Analysis Report By Product (Pediatric Oxygenators, Pediatric Cannulae, Pediatric Blood Pumps), By End-use (Hospitals, Cardiac Centers), By Region, And Segment Forecasts, 2023 - 2030

Pediatric Perfusion Market Growth & Trends

The global pediatric perfusion market size is expected to reach USD 829.1 million by 2030, registering a CAGR of 5.4 % over the forecast period, according to a new report by Grand View Research, Inc. The demand for pediatric perfusion is growing due to a rise in organ transplantations, increasing awareness regarding heart abnormalities and related treatments among parents, increased prevalence of congenital heart disease (CHD), and the growing number of cardiac surgeries. According to the American Heart Association, approximately 40,000 infants are expected to be affected by CHD in the U.S. annually. Around 25% of them require invasive treatment within their first year of birth.Thus, the growing prevalence of CHD among infants propels the demand for pediatric perfusions.

Moreover, increased healthcare expenditure and awareness about heart-related diseases and treatments, specifically in developed countries, have encouraged hospitals and healthcare facilities to invest in advanced pediatric perfusion equipment. For instance, according to the Centers for Medicare & Medicaid Services, national healthcare expenditure increased by 4.3% in 2022, with hospital care spending of about 0.8%. These factors are attributed to the growth of the pediatric perfusion industry.

Pediatric Perfusion Market Report Highlights

• Based on product, the pediatric oxygenators segment held the largest market share in 2022, accounting for 25.8%. The rise in the prevalence of CVDs and respiratory conditions increases the growth of this segment
• Based on end-use, the hospitals segment held the largest market share of 80.9% in 2022. This dominance is driven by factors such as the increasing prevalence of CVDs, the growing demand for cardiac surgeries, and advancements in surgical procedures
• North America emerged as the market leader in 2022, holding the largest share of 41.6%. The market dominance is primarily attributed to factors such as a strong healthcare infrastructure and a high incidence of heart disease

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