Global Membrane Oxygenators Market Size study, by Type (Hollow Fiber Membrane Oxygenators, Flat Sheet Membrane Oxygenators), by Age Group (Neonates, Pediatrics, Adults), by Application (Respiratory, Cardiac, ECPR), and Regional Forecasts 2022-2032

Global Membrane Oxygenators Market Size study, by Type (Hollow Fiber Membrane Oxygenators, Flat Sheet Membrane Oxygenators), by Age Group (Neonates, Pediatrics, Adults), by Application (Respiratory, Cardiac, ECPR), and Regional Forecasts 2022-2032

Global Membrane Oxygenators Market was valued at approximately USD 124.41 million in 2023 and is expected to witness a modest growth rate with a CAGR of 1.55% from 2024 to 2032. Membrane oxygenators are medical devices that facilitate the exchange of oxygen and carbon dioxide in the blood, acting as artificial lungs during cardiopulmonary bypass procedures. They consist of a semipermeable membrane that allows gases to diffuse while preventing blood from contacting the gas phase directly. These devices are crucial in surgeries requiring heart-lung machines, such as open-heart surgery, and are also used in extracorporeal membrane oxygenation (ECMO) therapy for patients with severe respiratory or cardiac failure.

The Global Membrane Oxygenators Market is driven by the increasing prevalence of respiratory and cardiovascular diseases, the growing number of extracorporeal membrane oxygenator centers, and the rising adoption of membrane oxygenators as a bridge to lung transplantation. As conditions such as chronic obstructive pulmonary disease (COPD), heart failure, and other severe respiratory and cardiac disorders become more common, the need for effective treatment solutions grows. Membrane oxygenators play a crucial role in these situations by providing essential respiratory support during complex surgeries and in critical care settings. This heightened demand for effective management of these conditions fuels the expansion of the membrane oxygenators market. Additionally, awareness initiatives, training programs, and technological advancements are anticipated to bolster market growth. However, high maintenance costs and lack of skilled professionals is going to impede the overall demand for the market during the forecast period 2024-2032.

The key regions considered for the Global Membrane Oxygenators Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America dominated the market, accounting for the largest revenue share and is expected to maintain its dominance throughout the forecast period. The region benefits from well-developed primary, secondary, and tertiary care hospitals, a robust reimbursement network, favorable government funding, and heightened awareness of membrane oxygenator machines, all contributing to their increased adoption in hospitals. Technological advancements in membrane oxygenators further support market growth in this region. Futhermore, the Asia Pacific region is projected to exhibit the fastest CAGR over the forecast period, driven by increasing healthcare infrastructure investments, rising patient awareness, and the growing prevalence of respiratory and cardiovascular conditions.

Major market players included in this report are:

Medtronic plc

Terumo Corporation

MicroPort Scientific Corporation

Getinge AB

LivaNova PLC

XENIOS AG (Fresenius Medical Care AG & Co. KGaA)

Nipro Corporation

Eurosets S.r.l.

Braile Biomédica

Spectrum Medical Ltd

The detailed segments and sub-segment of the market are explained below:

By Type:
• Hollow Fiber Membrane Oxygenators
• Flat Sheet Membrane Oxygenators

By Age Group:
• Neonates
• Pediatrics
• Adults

By Application:
• Respiratory
• Cardiac
• ECPR

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC

Latin America
• Brazil
• Mexico
• RoLA

Middle East & Africa
• Saudi Arabia
• South Africa
• RoMEA

Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market

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