(PharmaNewsWire.Com, September 22, 2017 ) The Middle East and Africa Perfusion Systems Market is worth USD 0.08 billion in 2016 and estimated to grow at a CAGR of 1.434%, to reach USD 0.09 billion by 2021. The Middle East and Africa Perfusion Systems market is developing extremely slowly.
Perfusion is the path of fluid from the circulatory system or lymphatic system to an organ or a tissue, generally denoting to the delivery of blood to a capillary bed in tissue. Cardiac perfusion systems were used for some time to replace the functions of the heart in cardiac surgeries.
The critical factor driving the growth of this market is Increasing Investments in Cell-Based Research in developed as well as developing further propels the growth of this market. Increase in Biologic Manufacturing also further drive the market growth. Also High Cost of Organ Transplantation, Ethical Concerns and High Cost of Cell-Based Research and tough competition from local companies with low cost products are hampers the growth of this market.
The Middle East and Africa market for Perfusion Systems is segmented on the basis of type, component, technique and region. Based on component, the market is segmented into Heart-lung Machines, Perfusion Pumps, Oxygenators, Monitoring Systems, Cannulas, and Other Components. Based on Type, the market is segmented into Bioreactor Perfusion Systems, Microfluidic Perfusion Systems, Gravity/Pressure-driven Perfusion Systems, and Small-mammal Organ Perfusion Systems. The bioreactor perfusion systems segment holds the major share of the perfusion systems market in 2016 and is projected to record the highest CAGR during the forecast period. Based on technique, the market is segmented into Hypothermic Machine Perfusion Systems, and Normothermic Machine Perfusion Systems.
Geographically, market is further segmented into Middle East and Africa. Middle East and Africa has an untapped market and key players are slowly expanding to this region which is the main reason for the growth of market in this region.
Getinge AB (Sweden), Medtronic plc (Ireland), LivaNova PLC (U.K.), Terumo Corporation (Japan), XENIOS AG (Germany) , Repligen Corporation (U.S.), Spectrum Laboratories, Inc. (U.S.), Merck KGaA (Germany), Harvard Bioscience, Inc. (U.S.), and ALA Scientific Instruments, Inc. (U.S.)are the leaders in the LatinAmerica Perfusion Systems market.
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