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Increasing Prevalence of Cardiopulmonary Diseases to Affect the Market Landscape Significantly
With rising incidence of cardiopulmonary conditions, the market has been witnessing an influx of new and innovative products to provide enhanced patient outcomes. According to World Health Organization (WHO), approximately 17.9 million people died from cardiovascular diseases in 2019, which represents 32% of all global deaths. With the rise in aging population, WHO estimates that between 2015 and 2050, the proportion of the world's population aged above 60 years will nearly double from 12% to 22%. Since geriatric population is more susceptible to develop chronic conditions, the market value for cardiopulmonary bypass equipment is likely to grow.
Growth in Strategic Partnerships and Mergers to Meet Rising Cardiopulmonary Bypass Equipment Market Demand
In April 2024, NuvoAir Medical partnered with Privia Medical Group to provide virtual-first care model and transform cardiopulmonary care. The partnership focused on leveraging NuvoAir's advanced digital health technologies to enhance the management of cardiopulmonary diseases, making healthcare more accessible and efficient. By integrating these technologies, the partnership aims to offer continuous, high-quality care outside conventional healthcare settings. The patients can benefit from real-time monitoring of their respiratory health, personalized treatment adjustments, and direct communication with healthcare providers, from wherever they are.
In July 2023, Inspira ™ Technologies entered into a collaboration agreement with Perfusion Solution, Inc. This collaboration involved combining Inspira™ Technologies' innovative oxygenation technology, INSPIRA™ ART100 product with Perfusion Solution's expertise in perfusion systems. Such collaborations are aimed at developing and refining solutions in order to improve patient outcomes during critical care and surgical procedures, propelling the market value in the forecast period.
Cardiopulmonary Bypass Equipment Market Size
Cardiopulmonary Bypass Equipment Market Growth
Cardiopulmonary Bypass Equipment Market Trends
Cardiopulmonary Bypass Equipment Market Share
Cardiopulmonary Bypass Equipment Market Regional Analysis
Cardiopulmonary Bypass Equipment Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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