Adult and Pediatric Hemoconcentrators Market, by Product Type (Adult Hemoconcentrators and Pediatric Hemoconcentrators), by End User (Hospital, Ambulatory Surgical Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2026

  • Published On : Feb 2019 |
  • Pages : 120 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Adult and Pediatric Hemoconcentrators Market- Insights

A hemoconcentrator is a device used for removal of fluid during cardio bypass surgery. Hemoconcentrators are introduced in extracorpeal circuit where it controls hemodilution, maintains hematocrit levels, and reduces the need for additional blood products during and after surgery. Hemoconcentrators are widely used during cardiac bypass surgery and has become the ideal method for controlling hemodilution during cardiopulmonary surgery by surgeons and perfusionists.

High prevalence of cardiovascular diseases is expected to lead to high demand for hemoconcentrators and thus drive the adult and pediatric hemoconcentrators market growth

Hemoconcentrators are widely used devices during cardio bypass surgery. High prevalence of cardiovascular diseases is expected to be a major factor propelling demand for hemoconcentrator. According to the data published by World Health Organization (WHO) in 2017, cardiovascular diseases is the leading cause of death globally. Annually, more people die from cardiovascular diseases than from any other cause.

According to the data published by World Health Organization (WHO) in 2018, an estimated around 17.7 million people died from cardiovascular diseases in 2015, representing 31% of all global deaths. Such high prevalence of cardiovascular diseases is expected to lead to high demand for hemoconcentrators and drive global adult and pediatric hemoconcentrators market growth over the forecast period.

Key players in the market include Terumo Corporation, LivaNova Plc., Medtronic Plc., etc. All these key players manufacture and market their own novel hemoconcentrators developed from different materials with different advantages. For instance, in 2011 Minntech Corporation (a Cantel Medical Corporation company) introduced The Hemocor HPH Hemoconcentrator made with Eastman Chemical Company’s Tritan Copolyester. Tritan is a new-generation copolyester that offers the benefits of toughness, chemical resistance, and color stability after sterilization for renal medical device housings.

The global adult and pediatric hemoconcentrators market size was valued at US$ 10.7 Mn in 2017, and is expected to witness a CAGR of 3.3% during the forecast period (2018 – 2026).

North America is expected to hold dominant position in the market, owing to frequent approvals of new adult and pediatric hemoconcentrators by regulatory bodies

North America is expected to hold dominant position in global adult and pediatric hemoconcentrators market over the forecast period, owing to high prevalence of cardiovascular diseases in the U.S. and rising healthcare awareness in region.

For instance, according to the data published by American Heart Association in 2018, around 92.1 million adults in the U.S. are suffering from some form of cardiovascular disease or the after-effects of stroke. Cardiovascular diseases, listed as the underlying cause of death, accounts for around 836,546 deaths in the U.S.

Figure 1. Global Adult and Pediatric Hemoconcentrators Market Share (%) Analysis, By End User, 2018, 2026

adult and pediatric hemoconcentrators market fig-1

Source: Coherent Market Insights Analysis (2019)

Figure 2. Global Adult and Pediatric Hemoconcentrators Market Share (%) Analysis, By Region, 2026

adult and pediatric hemoconcentrators market fig-2

Source: Coherent Market Insights Analysis (2019)

The U.S. Food and Drug Administration (FDA) regulates and grants approval to hemoconcentrator and the U.S. FDA also recalls products in case of any problem in device. For instance, in 2015, the U.S. Food and Drug Administration recalled Terumo Custom Cardiovascular Procedure Kit X-Coated Adult Pak. The custom cardiovascular procedure kits contain recalled component, Medivators HPH700, the high performance hemoconcentrators.

Furthermore, key players in the market are involved in strategic merger and acquisition activities in order to strengthen their position in the market and to gain higher market share in global adult and pediatric hemoconcentrators market. For instance, in 2015, Italy-based Sorin S.p.A—a manufacturer of hemoconcentrators with presence in France, Italy, Japan, and Texas—merged with U.S.-based company, Cyberonics, Inc., to form a company named LivaNova, Plc. With this, the merged company is expected to strengthen and expand its presence in the global market.

Key players operating in the global adult and pediatric hemoconcentrators market include Medivators Inc., Terumo Corporation, LivaNova, PLC, Maquet (a Getinge Group company), Medica S.p.A, and others.

Hemoconcentrators are medical devices used by healthcare professionals or perfusionist (health care professional who operates heart-lung bypass equipment), to concentrate red blood cells and remove excess fluid from the bloodstream during surgery. During surgery, the entire blood volume of the patient passes through the hemoconcentrator.

Hemoconcentrators is gaining significant traction in cardio bypass surgery, as it reduces the need for homologous blood and blood products by providing patients with their own concentrated whole blood. It maintains the desired hematocrit level for oxygen transport to tissues; it decreases the risk of post-operative bleeding through the retention of platelets and plasma coagulation proteins; it maintains oncotic pressure by retaining plasma proteins while quickly and gently removing excess plasma water; and minimizes the need for diuretic use, which may be contraindicated for some patients.

Market Dynamics

Hemoconcentrators are widely used as gold standard for removal of fluid during cardio bypass surgery. Cardiovascular diseases are the most common and life threatening diseases.

For instance, according to the data published by Centers of Disease Control and Prevention (CDC), heart diseases are the leading cause of death in the U.S. Annually around 630,000 people in the U.S. die from heart diseases, which is around 1 in every 4 deaths. According to the same source in the U.S., one patient suffers from heart attack in every 40 seconds. Each minute, more than one person in the U.S. dies from heart disease.

Such high prevalence of cardiovascular diseases in key regions such as North America and Asia-Pacific is expected to be a major factor propelling demand for hemoconcentrators and drive global adult and pediatric hemoconcentrators market growth over the forecast period.

Furthermore, key players in the market are adopting strategic partnership and collaboration activities for expanding its presence in the market. For instance, in 2016, MEDIVATORS Inc. (a Cantel Medical Corporation company), a manufacturer of Hemocor HPH family hemoconcentrators expanded its direct sales operations in Canada by acquiring endoscope reprocessing business assets from its Canadian distributor, Vantage Endoscopy, Inc., a subsidiary of Diploma Canada Holdings Ltd.

Key features of the study:

  • This report provides in-depth analysis of adult and pediatric hemoconcentrators market and provides market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period (2018 – 2026), considering 2017, as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by leading players
  • It profiles leading players in the global adult and pediatric hemoconcentrators market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies, and future plans
  • Key companies covered as a part of this study include Medivators Inc., Terumo Corporation, LivaNova, PLC, Maquet (a Getinge Group company), Medica S.p.A, and others
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global adult and pediatric hemoconcentrators market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the adult and pediatric hemoconcentrators market

Detailed Segmentation:

  • Global Adult and Pediatric Hemoconcentrators Market, By Product Type :
    • Adult Hemoconcentrators
    • Pediatric Hemoconcentrators
  • Global Adult and Pediatric Hemoconcentrators Market, By End User:
    • Hospital
    • Ambulatory Surgical Centers
    • Others
  • Global Adult and Pediatric Hemoconcentrators Market, By Region:
    • North America
      • By Product Type :
        • Adult Hemoconcentrators
        • Pediatric Hemoconcentrators
      • By End User
        • Hospital
        • Ambulatory Surgical Centers
        • Others
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Product Type :
        • Adult Hemoconcentrators
        • Pediatric Hemoconcentrators
      • By End User
        • Hospital
        • Ambulatory Surgical Centers
        • Others
      • By Country:
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type :
        • Adult Hemoconcentrators
        • Pediatric Hemoconcentrators
      • By End User
        • Hospital
        • Ambulatory Surgical Centers
        • Others
      • By Country:
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • By Product Type :
        • Adult Hemoconcentrators
        • Pediatric Hemoconcentrators
      • By End User
        • Hospital
        • Ambulatory Surgical Centers
        • Others
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • By Product Type :
        • Adult Hemoconcentrators
        • Pediatric Hemoconcentrators
      • By End User
        • Hospital
        • Ambulatory Surgical Centers
        • Others
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type :
        • Adult Hemoconcentrators
        • Pediatric Hemoconcentrators
      • By End User
        • Hospital
        • Ambulatory Surgical Centers
        • Others
      • By Country/Region:
        • Central Africa
        • South Africa
        • North Africa
  • Company Profiles
    • Medivators Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • Terumo Corporation
    • LivaNova, PLC
    • Maquet (a Getinge Group company)
    • Medica S.p.A

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Novel Product Launch/Approval
    • Merger-Acquisition Scenario
    • PEST Analysis
    • PORTER’s Analysis
    • Regulatory Scenario
    • Reimbursement Scenario
    • Epidemiology
  4. Global Adult and Pediatric Hemoconcentrators Market, By Product Type, 2018 – 2026 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017–2026
      • Segment Trends
    • Adult Hemoconcentrators
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
    • Pediatric Hemoconcentrators
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
  5. Global Adult and Pediatric Hemoconcentrators Market, By End User, 2018 – 2026 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017–2026
      • Segment Trends
    • Hospital
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
  6. Global Adult and Pediatric Hemoconcentrators Market, By Region, 2018 – 2026 (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2026 (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2026 (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2026 (US$ Mn)
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2026 (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2026 (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2026 (US$ Mn)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2026 (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2026 (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2026 (US$ Mn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2026 (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2026 (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2026 (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2026 (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2026 (US$ Mn)
      • Market Size and Forecast, By Country/Region, 2016 – 2026 (US$ Mn)
        • Central Africa
        • South Africa
        • North Africa
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2026 (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2026 (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2026 (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
  7. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • Medivators Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Terumo Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • LivaNova, PLC
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Maquet (a Getinge Group company)
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Medica S.p.A
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Medtronic Plc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 18 market data tables and 23 figures on “Adult and Pediatric Hemoconcentrators Market - Global forecast to 2026”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

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Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
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  • Environmental indicators
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  • Technology indicators

Data Processing

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Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

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  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
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