Posted by IMARC Group, a leading market research company, has recently releases report titled “Oxygenators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global oxygenators market report, size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Oxygenators Market
An oxygenator is a medical device that is designed to support patients who require extracorporeal membrane oxygenation (ECMO) or cardiopulmonary bypass (CPB) during surgical procedures or in cases of severe respiratory or cardiac failure. It comprises a series of hollow fibers or membranes that assist in oxygenating and removing carbon dioxide (CO2) from the blood of patients while providing support to the heart and lungs. As it promotes efficient oxygen supply and maintains essential organ function, the demand for oxygenators is increasing around the world.
How Big Is the Oxygenators Market
The global oxygenators market size reached US$ 244.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 348.4 Million by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.
Oxygenators Market Trends and Drivers:
At present, the rising prevalence of chronic obstructive pulmonary disease (COPD), heart failure, and other respiratory and cardiac conditions among the masses across the globe represent one of the major factors contributing to the market growth. Besides this, the increasing demand for advanced life support systems that provide enhanced performance and improve patient outcomes is offering lucrative growth opportunities to industry investors. In line with this, the rising number of cardiovascular surgeries and organ transplant procedures is supporting the growth of the market. Moreover, the increasing demand for reliable and efficient oxygenation systems for critical care support during surgical interventions is strengthening the growth of the market. Apart from this, the growing demand for oxygenators among the geriatric population, as they are more prone to respiratory diseases, is positively influencing the market.
What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Breakup by Type:
- Membrane Oxygenator
- Bubble Oxygenator
Breakup by Age Group:
- Neonates
- Pediatric
- Adults
Breakup by Application:
- Respiratory
- Cardiac
- Extracorporeal Cardiopulmonary
- Resuscitation (ECPR)
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
The report provides a comprehensive analysis of the industry key players listed below:
Braile Biomédica, Chalice Medical Ltd, Eurosets S.r.l., Getinge AB, Livanova Plc, Medtronic plc, MicroPort, Nipro Corporation, Senko Medical Instrument Mfg. Co. Ltd., Terumo Medical Corporation (Terumo Corporation) and Xenios AG (Fresenius Medical Care AG & Co. KGaA).