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Global Heart-lung Machine Market to reach USD 3.7 billion by the end of 2030.

Global Heart-lung Machine Market Size study & Forecast, by Component (Oxygenators, Pumps, Cannula, Monitoring Systems, Heat Exchanger Units, Blood Reservoir, Others), by Application (Coronary Artery Bypass Grafting (CABG), Heart Valve Surgeries, Heart Transplant, Lung Transplant, Others), by End Use (Hospitals, Cardiac Centers, Others), and Regional Analysis, 2023-2030

Product Code: HLSMDE-86433061
Publish Date: 20-07-2023
Page: 200

Global Heart-lung Machine Market is valued at approximately USD 2.18 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.9% over the forecast period 2023-2030. The heart-lung machine market pertains to the industry involved in the production and distribution of medical devices known as heart-lung machines, which are designed to temporarily take over the function of the heart and lungs during open-heart surgeries, facilitating the circulation of oxygenated blood throughout the body while the patient’s heart is temporarily stopped. The Heart-lung Machine Market is being driven by factors such as the increasing number of cardiovascular surgeries and the increasing number of organ transplants.

The heart-lung machine allows surgeons to perform complex cardiac surgeries by maintaining vital organ perfusion and ensuring the patient’s oxygenation and circulation are adequately supported during the procedure. According to the National Heart, Lung, and Blood Institute (NIH), more than 2 million people worldwide have open heart surgery each year to treat a range of heart-related conditions. Along with this, Preliminary data from the United Network for Organ Sharing (UNOS), the National Organ Procurement and Transplantation Network in the United States, indicates that in 2022, number of organ transplants were performed. The total number of organ transplants reached 42,887, representing a notable increase of 3.7 percent compared to the previous year 2021. Thus, the increasing number of organ transplants and increasing cardiovascular surgeries fuel the growth of the market. In addition to technology advancement in the heart-lung machine and the increasing aging population are creating lucrative opportunities for the market. However, the complications associated with the use of heart-lung machines may hinder the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Heart-lung Machine Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing prevalence of heart disease, well-developed healthcare infrastructure and aging population in the region. Asia Pacific is considered the fastest growing region during the forecasted period due to growing healthcare infrastructure and large population base.

Major market player included in this report are:
Terumo Europe NV
LivaNova, Inc.
Getinge Group
Braile Biomédica
NIPRO Pharma Corporation.
Tianjin Welcome Medical Equipment Co., Ltd.
Hemovent GmbH
MERA (Senko Medical Instrument Mfg. Co., Ltd.)
Technowood International Pte. Ltd.

Recent Developments in the Market:
Ø In September 2022, LivaNova achieved a milestone with its Essenz heart-lung machine (HLM) receiving FDA 510(k) clearance, enabling the company to launch it commercially in the United States. This clearance follows previous approvals by Health Canada and the Japanese PMDA, highlighting LivaNova’s global expansion efforts.
Global Heart-lung Machine Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Component, Application, End Use, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:
Monitoring Systems
Heat Exchanger Units
Blood Reservoir

By Application:
Coronary Artery Bypass Grafting (CABG)
Heart Valve Surgeries
Heart Transplant
Lung Transplant

By End Use:
Cardiac Centers

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Heart-lung Machine Market, by Region, 2020-2030 (USD Billion)
1.2.2. Heart-lung Machine Market, by Component, 2020-2030 (USD Billion)
1.2.3. Heart-lung Machine Market, by Application, 2020-2030 (USD Billion)
1.2.4. Heart-lung Machine Market, by End Use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Heart-lung Machine Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Heart-lung Machine Market Dynamics
3.1. Heart-lung Machine Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing Cardiovascular Surgeries Increasing Number of Organ Transplants.
3.1.2. Market Challenges Complications Associated with use of Heart-Lung Machines
3.1.3. Market Opportunities Technology Advancement in Heart-Lung Machine Increasing Aging Population
Chapter 4. Global Heart-lung Machine Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Heart-lung Machine Market, by Component
5.1. Market Snapshot
5.2. Global Heart-lung Machine Market by Component, Performance – Potential Analysis
5.3. Global Heart-lung Machine Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
5.4. Heart-lung Machine Market , Sub Segment Analysis
5.4.1. Oxygenators
5.4.2. Pumps
5.4.3. Cannula
5.4.4. Monitoring Systems
5.4.5. Heat Exchanger Units
5.4.6. Blood Reservoir
5.4.7. Others
Chapter 6. Global Heart-lung Machine Market, by Application
6.1. Market Snapshot
6.2. Global Heart-lung Machine Market by Application, Performance – Potential Analysis
6.3. Global Heart-lung Machine Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Heart-lung Machine Market , Sub Segment Analysis
6.4.1. Coronary Artery Bypass Grafting (CABG)
6.4.2. Heart Valve Surgeries
6.4.3. Heart Transplant
6.4.4. Lung Transplant
6.4.5. Others
Chapter 7. Global Heart-lung Machine Market, by End Use
7.1. Market Snapshot
7.2. Global Heart-lung Machine Market by End Use, Performance – Potential Analysis
7.3. Global Heart-lung Machine Market Estimates & Forecasts by End Use 2020-2030 (USD Billion)
7.4. Heart-lung Machine Market , Sub Segment Analysis
7.4.1. Hospitals
7.4.2. Cardiac Centers
7.4.3. Others
Chapter 8. Global Heart-lung Machine Market , Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Heart-lung Machine Market , Regional Market Snapshot
8.4. North America Heart-lung Machine Market
8.4.1. U.S. Heart-lung Machine Market Component breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 End Use breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Heart-lung Machine Market
8.5. Europe Heart-lung Machine Market Snapshot
8.5.1. U.K. Heart-lung Machine Market
8.5.2. Germany Heart-lung Machine Market
8.5.3. France Heart-lung Machine Market
8.5.4. Spain Heart-lung Machine Market
8.5.5. Italy Heart-lung Machine Market
8.5.6. Rest of Europe Heart-lung Machine Market
8.6. Asia-Pacific Heart-lung Machine Market Snapshot
8.6.1. China Heart-lung Machine Market
8.6.2. India Heart-lung Machine Market
8.6.3. Japan Heart-lung Machine Market
8.6.4. Australia Heart-lung Machine Market
8.6.5. South Korea Heart-lung Machine Market
8.6.6. Rest of Asia Pacific Heart-lung Machine Market
8.7. Latin America Heart-lung Machine Market Snapshot
8.7.1. Brazil Heart-lung Machine Market
8.7.2. Mexico Heart-lung Machine Market
8.8. Middle East & Africa Heart-lung Machine Market
8.8.1. Saudi Arabia Heart-lung Machine Market
8.8.2. South Africa Heart-lung Machine Market
8.8.3. Rest of Middle East & Africa Heart-lung Machine Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Terumo Europe NV Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. LivaNova, Inc.
9.3.3. Getinge Group
9.3.4. Braile Biomédica
9.3.5. NIPRO Pharma Corporation.
9.3.6. Tianjin Welcome Medical Equipment Co., Ltd.
9.3.8. Hemovent GmbH
9.3.9. MERA (Senko Medical Instrument Mfg. Co., Ltd.)
9.3.10. Technowood International Pte. Ltd.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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