Global Oxygenators Industry: Key Statistics and Insights in 2024-2032
Summary:
- The global oxygenators market size reached USD 258.6 Million in 2023.
- The market is expected to reach USD 411.7 Million by 2032, exhibiting a growth rate (CAGR) of 5.14% during 2024-2032.
- North America leads the market, accounting for the largest oxygenators market share.
- Membrane oxygenator accounts for the majority of the market share in the type segment as it is widely used in cardiopulmonary bypass surgeries and chronic respiratory therapies.
- Based on the age group, the market has been segmented into neonates, pediatric, and adults.
- Respiratory remain a dominant segment in the market owing to the growing focus on respiratory care in both acute and chronic settings.
- The rising incidence of respiratory diseases is a primary driver of the oxygenators market.
- The growing number of cardiovascular surgeries is reshaping the oxygenators market.
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Industry Trends and Drivers:
- Rising incidence of respiratory diseases:
Respiratory diseases, such as chronic obstructive pulmonary disease (COPD), asthma, and interstitial lung disease, often require oxygen therapy to help patients breathe more easily. This leads to a higher demand for oxygenators, which are essential for delivering supplemental oxygen. Patients with severe respiratory conditions may need hospitalization, especially during exacerbations or acute episodes. This is catalyzing the demand for oxygenators used in hospitals and intensive care units. For patients with chronic respiratory diseases, long-term oxygen therapy is often necessary. This creates a steady demand for both stationary and portable oxygenators. As more respiratory patients receive care at home, there is a rise in the demand for portable oxygenators and home-based oxygen delivery systems.
- Growth in cardiovascular surgeries:
Oxygenators are crucial in cardiopulmonary bypass (CPB) procedures, where they provide oxygenation and remove carbon dioxide from the blood during surgeries such as heart bypass surgery or valve replacement. As the number of these surgeries increases, so does the demand for oxygenators. Innovations and improvements in cardiac surgery techniques, including minimally invasive and robotic-assisted surgeries, often require specialized oxygenation equipment to ensure patient safety and effective outcomes. The increasing prevalence of cardiovascular diseases, such as coronary artery disease and heart failure, contributes to a higher number of cardiovascular surgeries. This growth fuels the need for oxygenators used during these procedures.
- Technological advancements:
Advancements in membrane technology, such as the development of more efficient gas exchange membranes, enhance the performance and efficiency of oxygenators. These improvements ensure better oxygenation and reduced risk of complications during procedures. Innovations in materials and coatings have led to oxygenators with improved biocompatibility, reducing the risk of adverse reactions and improving patient outcomes. This is driving adoption in both clinical and surgical settings. Technological progress is leading to the development of smaller, more portable oxygenators that are suitable for a range of applications, including home-based therapy and minimally invasive procedures. This expands the market by making oxygenators more accessible to different patient populations.
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Oxygenators Market Report Segmentation:
Breakup By Type:
- Membrane Oxygenator
- Bubble Oxygenator
Membrane oxygenator accounts for the majority of the market share due to its high efficiency in gas exchange and widespread use in both cardiac and respiratory applications.
Breakup By Age Group:
- Neonates
- Pediatric
- Adults
On the basis of the age group, the market has been divided into neonates, pediatric, and adults.
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
North America enjoys the leading position in the oxygenators market on account of its advanced healthcare infrastructure, high prevalence of respiratory and cardiovascular diseases, and significant investments in medical technology.
Top Oxygenators Market Leaders:
The oxygenators market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
- 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)
- Xenios AG (Fresenius Medical Care AG & Co. KGaA)
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