The Global 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), was valued at US$ 10.7 Mn in 2017, and is projected to exhibit a CAGR of 3.3% during the forecast period (2018–2026), as highlighted in a new report published by Coherent Market Insights. High prevalence of cardiovascular diseases is expected to increase demand for hemoconcentrators, which in turn is expected to drive the global adult and pediatric hemoconcentrators market growth over the forecast period.
According to study published by the World Health Organization (WHO), in 2015, globally, around 7.4 million people died due to coronary heart diseases; and according to the Centers for Disease Control and Prevention (CDC), in 2016, around 8.5 million people in the U.S. suffered from peripheral artery diseases.
According to the data published by the National Center for Biotechnology Information in 2016, in the U.S., over 350,000 people suffered from out-of-hospital cardiac arrest (OHCA) and about 209,000 from in-hospital cardiac arrest (IHCA), with a survival rate of 12% and 24.9%, respectively
Such high prevalence of cardiovascular diseases is expected to increase demand for hemoconcentrators during surgical procedures and thus, support adult and pediatric hemoconcentrators market growth over the forecast period.
Browse 18 Market Data Tables and 23 Figures spread through 120 Pages and in-depth TOC on Global Adult and Pediatric Hemoconcentrators Market, by Product Type (Adult Hemoconcentrators, and Pediatric Hemoconcentrators), by End User (Hospital, Ambulatory Surgical Centers, and Others), and Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2026
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Furthermore, advantages offered by hemoconcentrator devices is expected to rise its adoption and support global adult and pediatric hemoconcentrators market growth during the forecast period. For instance, according to the data published by Annals of Thoracic Surgery in 2013, hemoconcentrator functions without technical failures and offers complementary technique in blood management during cardiac operations.
Key players in the market are involved in strategic partnerships and collaboration activities for expanding their presence in the market and to gain major market share. Such strategic activities are expected to increase adoption of hemoconcentrators in different economies and support market growth in the near future.
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 Takeaways of the Adult and Pediatric Hemoconcentrators Market:
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