Perfusion System Market Size, Share, Industry Trends and Forecast to 2030

Perfusion System Market Size & CAGR in 2021

The global perfusion system market is expected to witness a CAGR of 5.2% from 2021 to 2026. With this growth rate, the market is projected to reach a value of USD 1.8 billion by 2026. The increasing prevalence of chronic diseases and the rising demand for organ transplantation procedures are driving the growth of the perfusion system market.

COVID-19 Impact on the Perfusion System Market

The COVID-19 pandemic had a mixed impact on the perfusion system market. While the initial phases of the pandemic led to the postponement of non-essential surgeries, including organ transplant procedures, the demand for perfusion systems saw a surge in the latter part of 2020 and into 2021 as healthcare facilities started performing these procedures again. The market witnessed a temporary slowdown but has since rebounded due to the increasing number of organ transplant surgeries.

Perfusion System Dynamics

The perfusion system market is driven by factors such as the increasing prevalence of chronic diseases leading to organ failure, advancements in organ preservation techniques, and the growing number of organ transplant procedures. Moreover, technological advancements in perfusion systems, such as the development of portable and automated devices, are further contributing to the market growth.

Segments and Related Analysis

The perfusion system market can be segmented based on components, type, organ type, and end-user. By components, the market is divided into perfusion pumps, oxygenators, monitoring systems, and others. By type, the market is categorized into normothermic perfusion systems, hypothermic perfusion systems, and subnormothermic perfusion systems. Organ types include heart, lung, liver, kidney, and others. End-users of perfusion systems include hospitals, transplant centers, and research institutes.

By Region Analysis

In terms of regional analysis, North America dominates the perfusion system market due to the presence of well-established healthcare infrastructure, technological advancements, and a high prevalence of chronic diseases. Europe follows closely behind, with Asia Pacific exhibiting significant growth potential in the market. The Middle East and Africa region also hold promise in terms of market expansion.

Key Market Players and Competitive Landscape

Key players in the perfusion system market include Xvivo Perfusion, Organ Assist, OrganOx, XVIVO Perfusion, TransMedics, and Organ Recovery Systems, among others. These companies are focusing on strategic initiatives such as product launches, collaborations, and acquisitions to strengthen their market presence. The market competition is intense, with players striving to innovate and develop advanced perfusion systems to cater to the increasing demand.

Recent Happenings in the Perfusion System Market

In a recent development, Xvivo Perfusion announced the launch of a new portable perfusion system that allows for organ transportation over longer distances, thereby increasing the accessibility of organ transplantation. Additionally, Organ Assist introduced a novel hypothermic perfusion system that enhances organ preservation and viability during transplantation procedures. Such advancements in perfusion technology are revolutionizing the field of organ transplantation and driving the growth of the perfusion system market.