Membrane Oxygenator Market Strategies and Share 2031
The Membrane Oxygenator Market is expected to register a CAGR of 2% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
This report provides an all-encompassing analysis of the Membrane Oxygenator market by offering insight into the current situation, future prospects, and growth trends. The paper is divided into different parts that detail its segmentation by type, application, end-user, and region. The key factors responsible for growth, challenges, and opportunities that influence the market landscape were explored and articulated to provide useful information for stakeholders like manufacturers, suppliers, distributors, and healthcare providers.
Purpose of the ReportThe report Membrane Oxygenator Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Membrane Oxygenator Market Segmentation
Type- Flat Sheet Membrane Oxygenator
- Hollow Fibre Membrane Oxygenator
- Respiratory
- Cardiac
- Extra-Corporeal Cardiopulmonary Resuscitation
Strategic Insights
Membrane Oxygenator Market Growth Drivers- Rising Prevalence of Chronic Diseases: The ever-increasing prevalence of chronic diseases that fall under the category of respiratory and cardiovascular disorders is one major demand driver for membrane oxygenators. These medical devices have the essential function of providing temporary or long-term respiratory support to patients afflicted with acute respiratory failure or other critical conditions.
- Technical Advancements: with the advances in the field of medical technology, particularly in ECMO, membrane oxygenators were applied for a much larger scope. Actually, ECMO is life-saving, being a support method for circulatory and respiratory functions. In this context, the most important component of the system is the membrane oxygenator.
- Rising Number of Surgical Operations: The increased numbers of surgical operations have been reflected in the rising demand for membrane oxygenators, especially in cardiac surgeries and organ transplantation. Since membrane oxygenators are usually required for carrying out these procedures without interruptions, the process could be kept on course in the necessary amounts of oxygenation and carbon dioxide removal. Overall, the future looks optimistic and promising for membrane oxygenators due to various emerging trends.
- Advanced Membrane Materials: The important trends in the development of membrane oxygenators are advanced membrane materials featuring improved biocompatibility and efficiency. Such materials provide greater oxygen transfer, less clotting, and fewer complications.
- Miniaturized Membrane Oxygenators: Miniaturized membrane oxygenators have also attracted significant attention because they could be applied in cases in the prescience setting and possibly even in remote settings.
- Artificial intelligence and machine learning: AI and ML technologies will form the cornerstone of the management for patients on membrane oxygenation. These technologies will optimize treatment parameters, monitor the patient's condition in real-time, and predict possible complications. With the evolution of the healthcare industry, much hope exists that membrane oxygenators will play an important role in critical care medicine and in patients experiencing severe respiratory or cardiovascular disease. There are not many market opportunities in the Membrane Oxygenator market with scope for such high growth and innovation.
- Developing countries Expansion: In Asia-Pacific, Latin America, and the Middle East are investing in advanced critical care infrastructure, which increases opportunities for membrane oxygenator adoption.
- Increasing Geriatric Population: The aging population is very susceptible to cardiac and respiratory diseases, thus giving rise to an increased demand for sophisticated systems of extracorporeal support, such as membrane oxygenators.
- Increased Education and Training Programs: There are increasing efforts to train healthcare professionals effectively in using ECMO systems and membrane oxygenators; this may increase adoption in emerging markets.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Membrane Oxygenator Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Membrane Oxygenator Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
Membrane Oxygenator Market is expected to grow at a CAGR of 2% between 2023-2031
The main driver of this market is the increasing cases of chronic respiratory and cardiovascular diseases, including COPD, pulmonary fibrosis, and heart failure. This is largely attributed to an increasing population base and unhealthy lifestyle habits. Recent advancements in medical technology, including extracorporeal membrane oxygenation, have increased the scope of the membrane oxygenator. There has also been an increase in the number of surgery cases, such as organ transplants and cardiac surgeries.
The future of the Membrane Oxygenator market is expected to grow on significant pillars: advancements in membrane technology, such as biocompatibility and high-performance materials, enhancing efficiency and safety of the device; miniaturization and portability of membrane oxygenators will open up applications of the device in various settings such as pre-hospital care and remote areas. The incorporation of artificial intelligence and machine learning will enhance patient care and treatment results. More and more, healthcare systems have been moving towards patient-centric strategies and technological innovation, suggesting the upward trend in membrane oxygenator demand will sustain itself.
The leading players of the market are: Axetris AG, Chalice Medical Ltd., EUROSETS, Getinge AB, KURARAY CO., LTD, LivaNova PLC, Medtronic Inc., Minntech Corporation, Synder Filtration, Inc., Terumo Cardiovascular Systems Corporation
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Membrane Oxygenator Market - By Type
1.3.2 Membrane Oxygenator Market - By Application
1.3.3 Membrane Oxygenator Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MEMBRANE OXYGENATOR MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. MEMBRANE OXYGENATOR MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. MEMBRANE OXYGENATOR MARKET - GLOBAL MARKET ANALYSIS
6.1. MEMBRANE OXYGENATOR - GLOBAL MARKET OVERVIEW
6.2. MEMBRANE OXYGENATOR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MEMBRANE OXYGENATOR MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. FLAT SHEET MEMBRANE OXYGENATOR
7.3.1. Overview
7.3.2. Flat Sheet Membrane Oxygenator Market Forecast and Analysis
7.4. HOLLOW FIBRE MEMBRANE OXYGENATOR
7.4.1. Overview
7.4.2. Hollow Fibre Membrane Oxygenator Market Forecast and Analysis
8. MEMBRANE OXYGENATOR MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESPIRATORY
8.3.1. Overview
8.3.2. Respiratory Market Forecast and Analysis
8.4. CARDIAC
8.4.1. Overview
8.4.2. Cardiac Market Forecast and Analysis
8.5. EXTRA-CORPOREAL CARDIOPULMONARY RESUSCITATION (ECPR)
8.5.1. Overview
8.5.2. Extra-Corporeal Cardiopulmonary Resuscitation (ECPR) Market Forecast and Analysis
9. MEMBRANE OXYGENATOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Membrane Oxygenator Market Overview
9.1.2 North America Membrane Oxygenator Market Forecasts and Analysis
9.1.3 North America Membrane Oxygenator Market Forecasts and Analysis - By Type
9.1.4 North America Membrane Oxygenator Market Forecasts and Analysis - By Application
9.1.5 North America Membrane Oxygenator Market Forecasts and Analysis - By Countries
9.1.5.1 United States Membrane Oxygenator Market
9.1.5.1.1 United States Membrane Oxygenator Market by Type
9.1.5.1.2 United States Membrane Oxygenator Market by Application
9.1.5.2 Canada Membrane Oxygenator Market
9.1.5.2.1 Canada Membrane Oxygenator Market by Type
9.1.5.2.2 Canada Membrane Oxygenator Market by Application
9.1.5.3 Mexico Membrane Oxygenator Market
9.1.5.3.1 Mexico Membrane Oxygenator Market by Type
9.1.5.3.2 Mexico Membrane Oxygenator Market by Application
9.2. EUROPE
9.2.1 Europe Membrane Oxygenator Market Overview
9.2.2 Europe Membrane Oxygenator Market Forecasts and Analysis
9.2.3 Europe Membrane Oxygenator Market Forecasts and Analysis - By Type
9.2.4 Europe Membrane Oxygenator Market Forecasts and Analysis - By Application
9.2.5 Europe Membrane Oxygenator Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Membrane Oxygenator Market
9.2.5.1.1 Germany Membrane Oxygenator Market by Type
9.2.5.1.2 Germany Membrane Oxygenator Market by Application
9.2.5.2 France Membrane Oxygenator Market
9.2.5.2.1 France Membrane Oxygenator Market by Type
9.2.5.2.2 France Membrane Oxygenator Market by Application
9.2.5.3 Italy Membrane Oxygenator Market
9.2.5.3.1 Italy Membrane Oxygenator Market by Type
9.2.5.3.2 Italy Membrane Oxygenator Market by Application
9.2.5.4 Spain Membrane Oxygenator Market
9.2.5.4.1 Spain Membrane Oxygenator Market by Type
9.2.5.4.2 Spain Membrane Oxygenator Market by Application
9.2.5.5 United Kingdom Membrane Oxygenator Market
9.2.5.5.1 United Kingdom Membrane Oxygenator Market by Type
9.2.5.5.2 United Kingdom Membrane Oxygenator Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Membrane Oxygenator Market Overview
9.3.2 Asia-Pacific Membrane Oxygenator Market Forecasts and Analysis
9.3.3 Asia-Pacific Membrane Oxygenator Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Membrane Oxygenator Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Membrane Oxygenator Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Membrane Oxygenator Market
9.3.5.1.1 Australia Membrane Oxygenator Market by Type
9.3.5.1.2 Australia Membrane Oxygenator Market by Application
9.3.5.2 China Membrane Oxygenator Market
9.3.5.2.1 China Membrane Oxygenator Market by Type
9.3.5.2.2 China Membrane Oxygenator Market by Application
9.3.5.3 India Membrane Oxygenator Market
9.3.5.3.1 India Membrane Oxygenator Market by Type
9.3.5.3.2 India Membrane Oxygenator Market by Application
9.3.5.4 Japan Membrane Oxygenator Market
9.3.5.4.1 Japan Membrane Oxygenator Market by Type
9.3.5.4.2 Japan Membrane Oxygenator Market by Application
9.3.5.5 South Korea Membrane Oxygenator Market
9.3.5.5.1 South Korea Membrane Oxygenator Market by Type
9.3.5.5.2 South Korea Membrane Oxygenator Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Membrane Oxygenator Market Overview
9.4.2 Middle East and Africa Membrane Oxygenator Market Forecasts and Analysis
9.4.3 Middle East and Africa Membrane Oxygenator Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Membrane Oxygenator Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Membrane Oxygenator Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Membrane Oxygenator Market
9.4.5.1.1 South Africa Membrane Oxygenator Market by Type
9.4.5.1.2 South Africa Membrane Oxygenator Market by Application
9.4.5.2 Saudi Arabia Membrane Oxygenator Market
9.4.5.2.1 Saudi Arabia Membrane Oxygenator Market by Type
9.4.5.2.2 Saudi Arabia Membrane Oxygenator Market by Application
9.4.5.3 U.A.E Membrane Oxygenator Market
9.4.5.3.1 U.A.E Membrane Oxygenator Market by Type
9.4.5.3.2 U.A.E Membrane Oxygenator Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Membrane Oxygenator Market Overview
9.5.2 South and Central America Membrane Oxygenator Market Forecasts and Analysis
9.5.3 South and Central America Membrane Oxygenator Market Forecasts and Analysis - By Type
9.5.4 South and Central America Membrane Oxygenator Market Forecasts and Analysis - By Application
9.5.5 South and Central America Membrane Oxygenator Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Membrane Oxygenator Market
9.5.5.1.1 Brazil Membrane Oxygenator Market by Type
9.5.5.1.2 Brazil Membrane Oxygenator Market by Application
9.5.5.2 Argentina Membrane Oxygenator Market
9.5.5.2.1 Argentina Membrane Oxygenator Market by Type
9.5.5.2.2 Argentina Membrane Oxygenator Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. MEMBRANE OXYGENATOR MARKET, KEY COMPANY PROFILES
11.1. AXETRIS AG
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CHALICE MEDICAL LTD.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. EUROSETS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GETINGE AB
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. KURARAY CO., LTD
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. LIVANOVA PLC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MEDTRONIC INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MINNTECH CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SYNDER FILTRATION, INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TERUMO CARDIOVASCULAR SYSTEMS CORPORATION
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Axetris AG
2. Chalice Medical Ltd.
3. EUROSETS
4. Getinge AB
5. KURARAY CO., LTD
6. LivaNova PLC
7. Medtronic Inc.
8. Minntech Corporation
9. Synder Filtration, Inc.
10. Terumo Cardiovascular Systems Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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