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Revenue Growth Predicted for Portable Life Support Devices Market by 2025

Portable Life Support Devices Market: Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025

Press Release

Portable life support devices are medical devices intended to be used for sustaining life in critical conditions such as trauma, stroke or myocardial infarction. These devices play an immensely important role in urgent patient management in emergency departments, intensive care units and neonatal intensive care units. Thanks to the features of their compact size, lightweight and portability, these devices are especially appropriate for narrow space and extreme environment. Portable life support devices have modules for mechanical ventilation, blood transfusion, aspiration, intensive care, oxygen supply and power supply.

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A few examples of these devices include anesthesia machine, intraaortic balloon pump, defibrillator, heart-lung bypass machine, pacemaker, cardiac external, ventilator/respirator, dialysis machine and resuscitator. Of these devices, ventilator/respirator aids or controls pulmonary ventilation in patients who are not capable enough to breathe on their own, intraaortic balloon pump reduces workload of the heart and improves flow of blood towards coronary arteries for patients with unstable angina and myocardial infarction (heart attack). Anesthesia machine can be useful in case of surgical procedure, where administration of anesthesia becomes vital.

The key factor driving the growth of the global portable life support devices market is increasing incidence of critical disorders creating demand for high tech devices that can manage urgent requirements. Rising number of traumas and severe congenital conditions are adding to the market growth. Technological advancements and extensive research and development to invent affordable and user-friendly devices are pushing the market up. However, high risk, complexities related to their operations, stern regulatory norms in context of high risk, inaccessibility due to the high-cost and lack of proficient professionals are the factors that may limit the growth of the market.

Global Portable Life Support Devices market has been segmented on the basis of types, applications, patient group, construction material, end user and region.

Based on types, the global Portable Life Support Devices market is segmented into:

  • Equipment managing Cardiovascular system
    • Automated External Defibrillator
    • Extra Cardiac Pacemaker
    • Intra-Aortic Balloon Pump
    • Extraluminal Blood Pump
  • Equipment managing Respiratory system
    • Ventilator / Respirator
    • Monitor, Airway Pressure
    • Intermittent positive pressure breathing (IPPB) machines
    • Iron Lung
  • Equipment managing cardio-pulmonary system in tandem
    • Heart-Lung Bypass Machine (Pump, Extracorporeal Perfusion)
    • Heart-Lung Bypass Heat Exchanger
    • Extracorporeal membrane oxygenation (ECMO)
  • Equipment managing Kidney function
    • Dialysis Machine
  • Equipment Managing Body Temperature
    • Warmer, Blood / Plasma

Based on the applications, the Portable Life Support Devices market is segmented into:

  • End Stage Renal Failure
  • Acute Cardiac Failure
  • Trauma
  • Acute Respiratory Failure
  • Transplantation
  • Cardiopulmonary Resuscitation

Based on end user, Portable Life Support Devices market is segmented into the following:

  • Hospitals
  • Clinics
  • Trauma Centers

Global Portable Life Support Devices market is highly fragmented due to the presence of multiple players. The overall market is expected to grow in future due to increasing caseload of acute cardiac, respiratory conditions and traumatic injuries. According to the Society of Critical Care Medicine, over 5.7 million patients are admitted to intensive care units (ICUs) in the United States every year. Cardiac, respiratory and neurologic conditions are common in adult ICU patients. The major ailments requiring emergency medical care with life support devices include acute myocardial infarction, intracranial hemorrhage, percutaneous cardiovascular procedure and septicemia without mechanical ventilation.

Geographically, Portable Life Support Devices market is segmented into regions viz. North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Globally, incidences of respiratory disorders are increasing with an increase in the proportion of the world’s population living in urban areas. North America is currently leading the overall market with largest market share. Most of the global players manufacturing life support devices are based in North America. Major innovation and research and development work on life support devices is under progress in the North America. Europe follows North America in terms of number of players and the research and development. Asia Pacific and Latin America market are expected to grow at a fast pace owing to the huge demand of such devices based on incidence and prevalence of serious health conditions.

Few global players in the global Portable Life Support Devices market include ZOLL Medical Corporation, Cincinnati Sub Zero, Spectrum Medical, Terumo Cardiovascular Systems Corporation, Thoratec Corporation, Medtronic, Bresslergroup, MAQUET Holding B.V. & Co. KG, and CardiacAssist, Inc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.

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