Veins carry oxygen depleted blood from different organs of the body to the heart. They are part of homeostatic regulations; both physical and chemical. Veins hold approximately 60% of the blood by volume present in the human body. Hence, during the blood loss by trauma, surgery, non-coagulation and other medical conditions various blood reservoirs provide back the blood to the circulatory system. The venous reservoirs market is one of the fastest growing market within the Extracorporeal Membrane Oxygenation Devices market. The venous bags are required in ECMO devices to prevent the gross air being pumped to the patients.
Venous Reservoirs Market: Drivers and Restraints
The Venous Reservoirs Market is expected to grow with increasing geriatric population and severe chronic diseases. The Chronic obstructive pulmonary diseases accounted for 3.17 million deaths globally in 2016 which makes up for the increase in surgeries ultimately growing the venous reservoirs market. The extracorporeal life support for the infants with requirements of blood transfusion will be another factor supporting growth of the venous reservoirs market.
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The increase in the patients with Cardiopulmonary bypass surgeries will increase the production of more sophisticated devices from the manufacturer’s side. The blood perfusion problems, that is, ischemia are on rise due to sedentary life and lifestyle changes. The number of patients suffering from diabetes was 422 million in 2014 and is increasing the need for blood perfusion which creates more demand for availability of venous reservoirs in the market year-on-year. The filtration of harmful toxins acquired from industrial wastes and intoxicants present in the blood require venous reservoirs for storage and pumping back the blood into the body. The venous reservoirs are applicable to post surgery applications pertaining to maintenance of optimum blood pressure.
Venous Reservoirs Market: Overview
The global market for the venous reservoirs is expected to show a significant growth. The increase in incidence of rare and chronic diseases related to application of perfusion techniques create a more lucrative opportunity for manufactures present in the market. The current structure of the venous reservoirs market include hospitals, ambulatory surgical centers, specialty clinic, home care setting and diagnostic labs. Each of the venous reservoir uses different type of mechanism and are used to deliver better clinical results. The venous reservoirs are available in the market with varying storage capacity, operating fluid volume capacity, filters, recirculation lines, holders, venous bags, ports for inlet and outlet. The venous reservoirs can be useful in ailment of open heart surgery, pediatric conditions obstructing blood flow as well as neo-natal diseases.
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Venous Reservoirs Market: Regional Outlook
Geographically, the Venous reservoirs market is segmented into seven regions viz. South Asia, East Asia, Europe, Latin America, North America, Oceania and Middle East & Africa. Each country is equally important to drive the market for venous reservoirs, advanced or emerging healthcare settings help in restoring the market and increase the reach to a wider section of patients in need. The more the reach and accessibility at affordable cost, the more the number of acceptance such lifesaving products. The developed economies play an important role in the industry but emerging economies are also moving at a good pace. The North America region is estimated to have a significant share in the venous reservoirs market, owing to its quality infrastructure supporting the need of venous reservoirs and its affiliated components. Europe, East Asia and Oceania are the steadily growing venous reservoir markets. The South Asia venous reservoirs market would translate as a lucrative market opportunity for manufacturers, as well as industry experts, with present change in demographic conditions, adoption and growth in general pharmaceutical market. The deep understanding of regulations concerned with reimbursement policies related to healthcare in a geographic region will be an advantage for the manufacturers and suppliers catering to the venous reservoirs market.
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The key players involved in the market of venous reservoirs market include Abbott, Getinge AB, OriGen Biomedical, LFB USA, Medtronic Inc., Saint Gobain Performance Plastic, LivaNova PLC, GE Healthcare, Siemens Healthineers and Terumo Cardiovascular Systems Corporation. The present venous reservoirs market structure of is expected to change with efforts and research present in clinical phase.