United States Perfusion Services Market Size By Type (Cardiopulmonary Bypass (CPB), Extracorporeal Membrane Oxygenation (ECMO), and Isolated Limb Perfusion), By Application (Hospitals, Clinics), And Forecast

United States Perfusion Services Market Size And Forecast

United States Perfusion Services Market size was valued at USD 184.62 Million in 2020 and is projected to reach USD 260.44 Million by 2028, growing at a CAGR of 4.74% from 2021 to 2028.

The rising incidence of organ failures is expected to spur the demand for transplantation procedures over the forecast period. The increasing demand for transplantation is owing to the rising incidence of chronic diseases is expected to contribute to the growth. The United States Perfusion Services Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

United States Perfusion Services Market Definition

So, a "perfusion system" – that's just the fancy medical name for getting fluids flowing into your body, whether it's your whole circulatory system, a specific organ, or even just body tissue. These systems can even take over for your heart and lungs temporarily during surgeries like cardiac and thoracic ones. What's making the perfusion systems market grow? Well, more heart and lung problems, more folks needing organ transplants, a growing elderly population, and unfortunately, more people with multiple organ failures all play a part. Plus, government and charities are pushing for more organ donations, there's more money going into cell research, and we're making more biologics. The big problem? Not enough organs to go around! But on the bright side, new drug research in developing countries and a move toward continuous manufacturing are opening up opportunities. The downsides? Organ transplants are expensive, there are ethical worries, and cell-based research isn't cheap either, which can slow things down.

United States Perfusion Services Market Overview

The rising incidence of organ failures is expected to spur the demand for transplantation procedures over the forecast period. The increasing demand for transplantation is owing to the rising incidence of chronic diseases is expected to contribute to the perfusion services market growth. Nonetheless, the surge in the number of organ failures is attributing further towards the growing demand for cost-effective solutions for preservation.

So, the National Institute of Diabetes and Digestive and Kidney Diseases (NIH) says around 661,000 people in the U.S. are dealing with kidney failure, and sadly, that number is expected to climb. Thankfully, there are lots of agencies here in the US working hard to make things easier when it comes to transplantation – thinking about everything from the rules to the people involved. They’re trying to build better relationships between donors and recipients. When you look at the stats, kidneys are actually the most commonly transplanted organ. But, there's a real problem with not having enough organs available. Plus, things like a lack of knowledge, religious beliefs, trouble getting permission, some groups being underrepresented, and just general ethical questions all make it tough to get people to donate. It really shows how complex getting and distributing organs can be.

However, more than 116,000 Americans are waiting to receive a transplant, and about 20 die each day during the wait. Organ transplantation procedure is an expensive therapy but apart from the charges related to organ procurement and transplantation, there are significant costs associated with the recipient’s aftercare and anti-rejection medication. Additionally, the costs may include travel, lodging, and meals, whenever the patient comes to the transplant center for evaluation or follow-ups.

United States Perfusion Services MarketSegmentation Analysis

The United States Perfusion Services Market is segmented on the basis of Type, and Application.

United States Perfusion Services Market, By Type

• Cardiopulmonary Bypass (CPB)• Extracorporeal Membrane Oxygenation (ECMO)• Isolated Limb Perfusion

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When we look at the Type of perfusion system, the market's broken down into a few key areasCardiopulmonary Bypass (CPB), Extracorporeal Membrane Oxygenation (ECMO), and Isolated Limb Perfusion. Now, Cardiopulmonary Bypass – that's where most of the action was in 2020, and it's expected to keep growing, maybe even at a rate of 4.43% annually! CPB systems are basically there to help folks who need surgery for heart and lung problems. Think of heart-lung machines, they're doing the job of supplying oxygen and getting rid of carbon dioxide when your own heart and lungs can't. Then there are organ perfusion systems, which are all about giving organs that extra support they need. Ultimately, perfusion systems, in general, are about bypassing the heart and lungs during surgery for heart and breathing issues. As more people around the world struggle with heart and lung problems, we're likely to see these perfusion systems used more and more.

United States Perfusion Services Market, By Application

• Hospitals• Clinics• Other Application

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So, when we look at where perfusion services are used in the US, we see the market broken down by ApplicationHospitals, Clinics, and, well, Other Applications. Hospitals are really driving things, holding the biggest piece of the pie, and they're expected to keep growing fast – at a rate of 4.77% each year! That's because the big hospitals, especially those backed by the government or private groups, are major players here. Plus, using fancy imaging is helping us get a better handle on perfusion issues, like spotting problems with ventilation and perfusion. And with healthcare focused on helping Covid-19 patients, we're likely to see even better perfusion systems popping up in hospitals. Looking ahead, these imaging advancements should also improve care for other serious lung diseases, leading to more clinical studies in perfusion. Technologies like subtraction computed tomography (SCT) are going to become even more important. Again, Hospitals are leading the way in market share.

Key Players

The “United States Perfusion Services Market” study report will provide a valuable insight with an emphasis on the market including some of the major players such as Specialtycare, Comprehensive Care Services, Inc., Procirca, Keystone Perfusion Services, P.C., and Vivacity Perfusion. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

Key Developments

• Specialtycare acquired Neuropath. This transaction extends Specialty Care’s market leadership position as the largest and most comprehensive provider of patient-centred outsourced IONM services to surgeons, hospitals, surgery centers, and health systems.

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