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Perfusion System Market Gains Momentum, Anticipates a 4.95% CAGR, Projected to Hit $1.64 Billion by 2030: Straits Research

New York, United States, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Perfusion can be described as the delivery of oxygenated blood to the body's tissues. Organ transplants rely heavily on perfusion systems, which help replace the organ's function by pumping blood throughout the body throughout the operation.

According to Straits Research, "The global perfusion system market size was valued at USD 1.062 billion in 2021 and is projected to reach USD 1.64 billion by 2030, registering a CAGR of 4.95% from 2022 to 2030." Due to Increasing approvals and releases of innovative perfusion systems will drive market expansion in the near future. In 2014, the FDA authorized Xvivo Perfusion AB's XPS with STEEN solution for preserving originally rejected donor lungs while they are evaluated as transplantable organs. In February 2018, Europe approved Paragonix's SherpaPak and SherpaPerfusion cardiac transport systems. SherpaPak Cardiac Transport System is used for hypothermic static storage and transport of donor's hearts, while SherpaPerfusion Cardiac Transport System is a single-use, disposable device. Increasing investment by industry leaders should also boost the global perfusion system market. In January 2018, Miracor Medical Systems GmbH (Miracor Austria) and Miracor Medical SA (Miracor Medical) raised $26.3 million. The funds will be used to develop and market PiCSO Impulse. Increasing organ transplants are predicted to boost the market for perfusion systems. According to the National Kidney Foundation, 100,791 Americans are waiting for kidney transplants in 2016.

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The high price of perfusion systems is anticipated to be the primary factor impeding the expansion of the global perfusion system market. ...

Full story available on Benzinga.com


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