Who are the key players in Oxygenators Market?

EUROSETS, Getinge AB, Livanova Plc, Medtronic and Terumo Medical Corporation are the major companies operating in the Oxygenators Market. Read More

Which is the fastest growing region in Oxygenators Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Oxygenators Market?

In 2024, the North America accounts for the largest market share in Oxygenators Market. Read More

What years does this Oxygenators Market cover, and what was the market size in 2023?

In 2023, the Oxygenators Market size was estimated at USD 254.68 million. The report covers the Oxygenators Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Oxygenators Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Oxygenators Market Size

Market Size of Oxygenators Industry

Study Period	2019 - 2029
Market Size (2024)	USD 269.22 Million
Market Size (2029)	USD 350.20 Million
CAGR (2024 - 2029)	5.40 %
Fastest Growing Market	Asia Pacific
Largest Market	North America
Market Concentration	Medium
Major Players *Disclaimer: Major Players sorted in no particular order

Oxygenators Market Analysis

The Oxygenators Market size is estimated at USD 269.22 million in 2024, and is expected to reach USD 350.20 million by 2029, at a CAGR of 5.40% during the forecast period (2024-2029).

The oxygenators market is witnessing robust growth. Driven by technological advancements, a surge in cardiovascular diseases, and a growing demand for accessible critical care, these devices, essential for oxygenating blood externally, play a pivotal role in surgeries and emergency medical care.

Innovative services are making oxygenation products more accessible. The Australian government's October 2024 Kids ECMO Referral Service (KERS) launch is a prime example. Operated by the Sydney Children's Hospitals Network, KERS is designed to offer critical ECMO care to pediatric patients during transport. This initiative not only boosts patient outcomes but also underscores how new services can elevate the demand for oxygenators, especially in specialized healthcare environments.

Market players are adopting strategic measures to cater to the surging consumer demands. A focal point is the development of systems integrated with oxygenators. Highlighting this trend, LixaNova's April 2024 launch of the Essenz Perfusion System emphasizes the industry's shift towards integrated cardiac care solutions. This system is tailored for both adult and pediatric open-heart surgery patients and amalgamates vital components, thus aiding in boosting surgical efficiency and safety. Such comprehensive systems highlight the evolving sophistication of medical devices in the oxygenators market.

Heart disease prevalence significantly drives the oxygenators market. A January 2024 report from the British Heart Foundation highlights that approximately 620 million individuals worldwide, mainly in Asia, are afflicted with heart and circulatory diseases. This underscores a growing patient demographic needing oxygenation, amplifying the demand for cutting-edge technologies. With a global emphasis on cardiac care, the oxygenators market is poised for notable expansion.

Consequently, the oxygenators market is on an upward trajectory, fueled by product innovations, emerging healthcare services, and the pressing need to address cardiovascular diseases. As the healthcare landscape shifts, the market is primed for growth, offering improved solutions for both patients and providers. However, challenges persist with the high cost of products and risks associated with oxygenation systems, which have somewhat restrained growth.

Oxygenators Industry Segmentation

An oxygenator is an essential medical device routinely used along with a heart-lung machine to facilitate the exchange of gases as a substitute for lungs during surgical procedures that may necessitate the interruption or cessation of blood flow in the body, heart, lungs, or blood vessels, like aorta, pulmonary artery, or vena cava. These devices are majorly used in cardiopulmonary surgeries and coronary artery bypass grafting (CABG) procedures.

The oxygenators market is segmented by product type, application, and geography. By product type, the market is segmented into bubble oxygenators and membrane oxygenators. By application, the market is segmented into respiratory, cardiac, and extracorporeal cardiopulmonary resuscitation [ECPR]. By geography, the market is segmented by North America, Europe, Asia-Pacific, Middle-East and Africa, and South America. The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the market size and forecasts in value (USD) for the above segments.

By Product Type
		Bubble Oxygenator
		Membrane Oxygenator

By Application
		Respiratory
		Cardiac
		Extracorporeal Cardiopulmonary Resuscitation (ECPR)

Geography

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	France
	Italy
	Spain
	Rest of Europe

Asia-Pacific
	China
	Japan
	India
	Australia
	South Korea
	Rest of Asia-Pacific

Middle East and Africa
	GCC
	South Africa
	Rest of Middle East and Africa

South America
	Brazil
	Argentina
	Rest of South America

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Oxygenators Market Size Summary

The oxygenators market is poised for significant growth, driven by the increasing global prevalence of cardiovascular diseases and the rising demand for surgical interventions. The market is experiencing a surge in demand due to the adoption of ECMO procedures for COVID-19 patients, which has led to a heightened need for oxygenators in ICU units. The market is also witnessing product launches by key players to cater to the critical care requirements in surgical procedures and COVID-19 management. Despite the challenges posed by the pandemic, such as delays in elective procedures and production impacts, the market is expected to expand steadily. The growth is further supported by favorable reimbursement initiatives and the rapid increase in the geriatric population, which is contributing to the rise in coronary artery bypass procedures and the subsequent demand for oxygenators.

The membrane oxygenators segment is anticipated to capture a significant market share, owing to their advantages in cardiopulmonary support and reduced tissue damage compared to bubble oxygenators. The respiratory segment is also expected to hold a major share, driven by the increasing prevalence of chronic obstructive pulmonary disease and other cardiopulmonary conditions. North America is projected to dominate the market, fueled by the high prevalence of cardiovascular and respiratory disorders, along with supportive healthcare infrastructure and favorable reimbursement policies. The market is moderately competitive, with major players like Medtronic PLC, Terumo Medical Corporation, and Getinge AB actively launching new products and forming strategic partnerships to enhance their market presence.

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Oxygenators Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Market Overview
2. 1.2 Market Drivers
  1. 1.2.1 Rise in Global Prevalence of Cardiopulmonary Disorders
  2. 1.2.2 Increasing Geriatric Population
  3. 1.2.3 Availability of Technologically Advanced Products and Reimbursement Policies
3. 1.3 Market Restraints
  1. 1.3.1 Adoption of Minimally Invasive Procedures and Risks Associated with Oxygenation Systems
  2. 1.3.2 Stringent FDA Regulations
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Threat of New Entrants
  2. 1.4.2 Bargaining Power of Buyers/Consumers
  3. 1.4.3 Bargaining Power of Suppliers
  4. 1.4.4 Threat of Substitute Products
  5. 1.4.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION (Market Size by Value - USD)
1. 2.1 By Product Type
  1. 2.1.1 Bubble Oxygenator
  2. 2.1.2 Membrane Oxygenator
2. 2.2 By Application
  1. 2.2.1 Respiratory
  2. 2.2.2 Cardiac
  3. 2.2.3 Extracorporeal Cardiopulmonary Resuscitation (ECPR)
3. 2.3 Geography
  1. 2.3.1 North America
    1. 2.3.1.1 United States
    2. 2.3.1.2 Canada
    3. 2.3.1.3 Mexico
  2. 2.3.2 Europe
    1. 2.3.2.1 Germany
    2. 2.3.2.2 United Kingdom
    3. 2.3.2.3 France
    4. 2.3.2.4 Italy
    5. 2.3.2.5 Spain
    6. 2.3.2.6 Rest of Europe
  3. 2.3.3 Asia-Pacific
    1. 2.3.3.1 China
    2. 2.3.3.2 Japan
    3. 2.3.3.3 India
    4. 2.3.3.4 Australia
    5. 2.3.3.5 South Korea
    6. 2.3.3.6 Rest of Asia-Pacific
  4. 2.3.4 Middle East and Africa
    1. 2.3.4.1 GCC
    2. 2.3.4.2 South Africa
    3. 2.3.4.3 Rest of Middle East and Africa
  5. 2.3.5 South America
    1. 2.3.5.1 Brazil
    2. 2.3.5.2 Argentina
    3. 2.3.5.3 Rest of South America