The pediatric perfusion system consists of a number of parts, including cannulas, oxygenators, and aerial filters. The systems are used to provide oxygen to kids with chronic illnesses that need surgery as a therapeutic option, such as cardiovascular diseases and breathing issues. There are numerous more medical disorders that result in organ transplantation, which increases the need for perfusion systems. Pediatric cardiac surgery makes extensive use of perfusion systems. Extracorporeal life support (ECLS) systems, which are used to treat potentially fatal cardiac or lung failure, are another name for the perfusion system.
Europe Pediatric Perfusion Market Driving Factors and Challenges
Driving Factors- There are a few major drivers that propel the pediatric perfusion market in Europe. The growing number of people with congenital heart abnormalities (CHDs) and technological advancements have increased demand for pediatric perfusion treatments. Furthermore, the market is rising due to increased awareness of pediatric cardiac diseases and better diagnostic methods that facilitate early detection and treatment. Important roles are also played by supportive government policies and large investments in the infrastructure of healthcare. The growing number of pediatric cardiac clinics with specialized training programs and the availability of qualified medical personnel also support the market's growth. Last but not least, the creation of innovative pediatric-specific perfusion equipment and minimally invasive surgical methods propels technology uptake and industry expansion.
Challenges- There are several obstacles facing the pediatric perfusion industry in Europe. A significant problem that contributes to a labor shortage is the scarcity of pediatric perfusionist specialized training programs. Furthermore, different European nations have unequal access to cutting-edge perfusion technology and therapies due to economic differences. Families and healthcare institutions must bear the financial burden of these high-cost technology. The licensing and implementation of innovative perfusion devices are complicated by national standards and regulatory complexity. Furthermore, it can be challenging to standardize the extremely precise and customized solutions needed for pediatric cardiac procedures due to their complex nature. Finally, to effectively meet the distinct physiological needs of pediatric patients, there is a need for further research and innovation.
Impact of COVID-19 on Europe Pediatric Perfusion Market
Medical practitioners' capacity to attend conferences and training sessions was restricted by the COVID-19 travel restrictions, which slowed the adoption of new technologies and best practices. But as healthcare institutions adjust with better safety procedures, give priority to necessary pediatric surgeries, and spend money on telemedicine and remote monitoring technology to improve patient care and service delivery, the market is starting to rebound.
Europe Pediatric Perfusion Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as BL Lifesciences, Cardinal Health, Inc., EUROSETS S.R.L. (GVM Care Research), GE HealthCare Technologies, Inc., Getinge AB, Koninklijke Philips N.V., LivaNova PLC, Medtronic PLC, Nonin Medical, Inc., and Terumo Corporation.
Europe Pediatric Perfusion Market Segmentation:
By Product: Based on the Product, Europe Pediatric Perfusion Market is segmented as; Oxygenators, Cannulas and Catheters, Blood Pumps, Arterial Filters.
By Application: Based on the Application, Europe Pediatric Perfusion Market is segmented as; Cardiac Surgeries, Organ Transplantation.
By End-Use: Based on the End-Use, Europe Pediatric Perfusion Market is segmented as; Hospitals, Cardiac Centers.
By Region: This research also includes data for Eastern Europe, Southern Europe, Western Europe, and Northern Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.