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Global Heart-Lung Machines Market to Grow at a CAGR of 3.67% During the Period 2016 - 2020; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Heart-lung Machines Market 2016 - 2020” research report to their website www.MarketResearchReports.com

 

Lewes, DE -- (SBWIRE) -- 08/01/2016 -- Report forecast the global heart-lung machines market to grow at a CAGR of 3.67% during the period 2016-2020.

According to WHO, around 17.5 million people died due to cardiovascular diseases (CVDs) worldwide in 2012. As per the studies conducted by the American Heart Association (AHA) in 2014, deaths due to CVDs are likely to reach 24 million by 2030.

CVDs include disorders associated with heart and blood vessels. Coronary heart disease is a condition in which sufficient amount of blood is not supplied to the heart due to blockage in blood vessels. Congenital heart disease is a type of CVD wherein the structure of the heart is abnormal by birth. Lack of physical activity and unhealthy diet lead to deposition of fatty substances or plaque in blood vessels, leading to coronary heart diseases.

The report covers the present scenario and the growth prospects of the global heart-lung machines market for 2016-2020. To calculate the market size, the revenue generated from the sales of various types heart-lung machines is considered.

The market is divided into the following segments based on geography:

- Americas
- APAC
- EMEA

According to the report, a key growth driver is the increase in medical tourism to APAC countries. The prevalence of CVDs in APAC owing to changing lifestyles in emerging economies such as China and India has increased the demand for cardiac surgeries. These economies are experiencing the growing need for improved healthcare, where more patients are able to access affordable healthcare services. These affordable healthcare services available in APAC attract patients from developed countries such as the UK, Canada, and the US.

Further, the report states that one challenge that could hamper market growth is the high cost of the machine and bypass surgery.

Global Heart-Lung Machines Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global heart-lung machines market: Braile Biom├ędica, LivaNova, MAQUET, Medtronic, and Terumo Medical.

Other Prominent Vendors in the market are: Elite Life Care, Hemovent, Medizintechnik, and Tianjin Welcome Medical Equipment.

Market driver
- Increased medical tourism in APAC
- For a full, detailed list, view our report

Market challenge
- High cost of heart-lung machine and bypass surgery
- For a full, detailed list, view our report

Market trend
- Development of modular heart-lung machines
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 57 pages and 31 Exhibit "Global Heart-lung Machines Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Buying criteria, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-heart-lung-machines-market-2016-2020

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