South Africa Perfusion Systems Market Size & Outlook
South Africa perfusion systems market, 2018-2030 (US$M)
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South Africa perfusion systems market highlights
- The South Africa perfusion systems market generated a revenue of USD 17.0 million in 2023 and is expected to reach USD 22.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 3.8% from 2024 to 2030.
- In terms of segment, cardiopulmonary perfusion system was the largest revenue generating application in 2023.
- Cardiopulmonary Perfusion System is the most lucrative application segment registering the fastest growth during the forecast period.
Perfusion systems market data book summary
| Market revenue in 2023 | USD 17.0 million |
| Market revenue in 2030 | USD 22.1 million |
| Growth rate | 3.8% (CAGR from 2023 to 2030) |
| Largest segment | Cardiopulmonary perfusion system |
| Fastest growing segment | Cardiopulmonary Perfusion System |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cardiopulmonary Perfusion System, Cell Perfusion System, Ex-Vivo Organ Perfusion System |
| Key market players worldwide | Getinge AB ADR, Medtronic PLC, LivaNova PLC, Terumo Corp, Nipro Corp, Fresenius Medical Care AG, Repligen Corp, Spectrum Brands Holdings Inc, Merck KGaA, Xvivo Perfusion AB |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.5% of the global perfusion systems market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa perfusion systems market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 13.0 million by 2030.
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Perfusion Systems Market Scope
Perfusion Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa perfusion systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to perfusion systems market will help companies and investors design strategic landscapes.
Cardiopulmonary perfusion system was the largest segment with a revenue share of 44.12% in 2023. Horizon Databook has segmented the South Africa perfusion systems market based on cardiopulmonary perfusion system, cell perfusion system, ex-vivo organ perfusion system covering the revenue growth of each sub-segment from 2018 to 2030.
Cardiovascular diseases represent a major public health challenge in South Africa, aggravated by urbanization, evolving lifestyles, and an aging populace. These factors contribute to a notable increase in the prevalence of conditions like coronary artery disease and heart failure, necessitating more frequent & complex cardiac surgeries.
According to a report published in 2023 by Statistics South Africa, over the past two decades, deaths attributed to chronic medical conditions, such as cardiovascular diseases, cancer, diabetes, and chronic lower respiratory diseases, have risen by 58.7%. Perfusion systems play a critical role in these procedures by temporarily taking over the function of the heart and lungs, allowing surgeons to perform intricate operations with enhanced precision and patient safety.
As the demand for cardiac surgeries continues to rise in response to the growing burden of cardiovascular diseases, the market for perfusion systems in South Africa is expanding proportionally. This trend underscores the importance of advanced medical technologies in meeting the healthcare needs of a population facing significant cardiovascular health challenges.
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Our clientele includes a mix of perfusion systems market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa perfusion systems market , including forecasts for subscribers. This country databook contains high-level insights into South Africa perfusion systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa perfusion systems market size, by application, 2018-2030 (US$M)
South Africa Perfusion Systems Market Outlook Share, 2023 & 2030 (US$M)
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