Market Trends of Perfusion System Industry
This section covers the major market trends shaping the Perfusion System Market according to our research experts:
Kidney Segment is Anticipated to Witness Considerable Growth Over the Forecast Period
The rising prevalence of chronic kidney diseases is the major factor driving the growth of the market; for instance, as per the data released by the International Society of Nephrology (ISN) and the International Federation of Kidney Foundations (IFKF) in 2021, kidney disease affected around 850.0 million people globally. The same source also reported that one in ten adults has Chronic Kidney Disease (CKD) globally. The global burden of CKD is continuously increasing and is projected to become the fifth most common cause of death globally by 2040. Thus, with the rising prevalence of chronic kidney diseases, the need for kidney transplants is expected to increase, thereby boosting segment growth.
Furthermore, according to the 2021 updates from the Global Observatory on Donation and Transplantation, in 2020, around 129,681 total organ transplants were done worldwide, with 31.70% of recipients having received a kidney transplant. Thus, an increase in the number of kidney transplants is also expected to boost segment growth over the forecast period. In addition, various strategies adopted by the market players, such as product launches, mergers, and acquisitions, partnerships, are also expected to propel the segment growth. For instance, in August 2021, CytoSorbents Corporation and Aferetica srl (Italy), two pioneers in intensive care immunotherapy and blood purification, launched the Aferetica's PerLife ex vivo organ perfusion system for a kidney transplant and CytoSorbents' PerSorb adsorber, which is based on the CytoSorbents ECOS-300CY sorbent technology and is designed to remove inflammatory mediators during ex vivo organ perfusion. Thus, owing to increasing cases of kidney diseases and product launches, the segment is expected to witness considerable growth over the forecast period.
North America is Expected to Witness Significant Market Growth Over the Forecast Period
The North America region is expected to witness considerable growth over the forecast period owing to rising technological advancements and the presence of better healthcare infrastructure. Furthermore, the rising prevalence of cardiovascular and respiratory diseases in the region increases the demand for perfusion systems. For instance, according to the CDC report published in July 2022, more than 20.1 million adults suffered from coronary artery diseases in 2021. The same source also reported that every year, around 805,000 Americans have a heart attack. Furthermore, as per the government of Canada, Chronic Obstructive Pulmonary Disease (COPD) affected more than 488,100 people in 2021, which was around 7.5% of the total population. Hence, owing to the rising prevalence of respiratory diseases and cardiovascular diseases, the North American region is expected to witness significant market growth.
Key product launches, high concentration of market players or manufacturer's presence, acquisitions & partnerships among major players, and the increasing burden of heart diseases in the United States are some of the factors driving the growth of the perfusion system market in the country. For instance, in January 2022, Pedra Technology, a privately held company, reported that the FDA has granted it a Breakthrough Device Designation for the periprocedural use of its Pedra Xauron Perfusion System in the treatment of critical limb ischemia (CLTI). Furthermore, according to the CDC report published in 2021, each year, heart disease costs the United States economy around USD 229.0 billion. Thus, owing to the product launches and the rising burden of heart diseases in the country, the market is expected to hold a significant market share over the forecast period.
