IMARC Group’s report titled “Oxygenators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, 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.
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.
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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.
Report Segmentation:
The report has segmented the market into the 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)
Market 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
Competitive Landscape with Key Player:
- Coromandel
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