Artificial Lung, Global Market Size Forecast, Top 8 Players Rank and Market Share (Internet Services - Other Internet Services)

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Artificial Lung, Global Market Size Forecast, Top 8 Players Rank and Market Share


Artificial Lung is a device used to replace or assist the natural respiratory function. It is usually used to treat severe respiratory diseases or provide respiratory support during surgery. It is designed to maintain proper oxygenation and carbon dioxide emissions to preserve the patient's gas exchange and respiratory function.
According to the new market research report “Global Artificial Lung Market Report 2023-2029”, published by QYResearch, the global Artificial Lung market size is projected to reach USD 0.28 billion by 2029, at a CAGR of 4.1% during the forecast period.

Market Drivers:
1.Advances in medical technology: With the continuous development of medical technology, the design and performance of artificial lungs have been significantly improved.
2.Increase in respiratory diseases: As the population ages and environmental pollution increases, the prevalence of respiratory diseases is also rising, driving the demand for respiratory support technologies such as artificial lungs.
3. Expansion of surgical procedures: As the complexity and scope of surgical procedures expand, more support for respiratory function is required, thereby increasing the demand for artificial lungs in the operating room.

Restraints:
1. Biocompatibility: Artificial lungs must have good biocompatibility when in contact with human blood to prevent thrombosis or other adverse reactions.
2. Durability for long-term use: Durability and stability of the device are a critical hindrance when it comes to long-term use of an artificial lung. Equipment needs to be able to withstand extended periods of use without failing.
3. High cost: The high cost of artificial lung technology is one of the factors restricting its widespread application.Cost concerns may limit patient accessibility and healthcare facility adoption.

Opportunities:
1. The introduction of new materials and advanced technologies can improve the performance and biocompatibility of artificial lungs and create more advanced, safe and reliable artificial lung equipment.
2.The rise of personalized medicine.

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.



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Last Update : 22 March 2024 7:02 AM
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