Oxygenator Market Size (2021-2031) and Growth
The Oxygenator Market is expected to register a CAGR of 6.60% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report presents an analysis based on by product type (membrane oxygenator, bubble oxygenator). The report further provides analysis based onapplication (respiratory, cardiac, extracorporeal cardiopulmonary resuscitation (ECPR)). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report 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.
Oxygenator Market Segmentation
Product Type- Membrane Oxygenator
- Bubble Oxygenator
- Respiratory
- Cardiac
- Extracorporeal Cardiopulmonary Resuscitation
Strategic Insights
Oxygenator Market Growth Drivers- A rise in prevalence for cardiovascular diseases: the increase in the incidence of cardiovascular diseases is also a significant factor driving growth in the oxygenator market, such as coronary artery disease and strokes. As lifestyle changes increasingly lead to an increase in heart health-related issues, it is expected that surgical intervention and even the number of such interventions performed using oxygenators will increase significantly, especially during cardiopulmonary bypass procedures.
- Increasing Population Aging: This is the most important factor affecting the growth of the oxygenator market, as older people worldwide are few. They are more likely to develop chronic diseases such as heart disease and respiratory illness, which call for advanced medical interventions. This demand will be further increased by this demographic shift, as more patients will require oxygenators to be used in surgical settings with a variety of cardiopulmonary procedures performed on them.
- Technological Advancements in Oxygenation Devices: New Products in oxygenator technology, such as membrane oxygenators and biocompatible material improvements, will all improve performance and safety, with reduced complications during surgery leading to better outcomes for patients. This is the reason healthcare providers use modern oxygenation technologies in their hospitals.
- Remote Monitoring technologies along with Oxygenation Systems: It has become more popular for oxygenation systems to include remote monitoring technologies. It enables real-time tracking of patient data and device performance; therefore, when healthcare providers are running procedures, they are much more in a position to make real-time decisions, thus having better outcomes overall in the patient management process with modern oxygenators.
- Increasing Trends in Extracorporeal Membrane Oxygenation (ECMO):Emphasizing aforementioned, growth of ECMO procedures is the major trend in the oxygenator market. ECMO mostly supports hemodynamically unstable patients with severe respiratory failure or cardiac failure. This, in turn, increases the demand for advanced oxygenators that can perform these life-saving interventions effectively during surgeries and critical care situations.
- Stronger Emphasis on Biocompatibility and Safety Features: Biocompatibility and safety features greets the emphasis of manufacturers regarding the design of oxygenators. Developmental thrusts aimed at reducing hemolyses and improving gas exchange efficiencies keep growing as they relate to the continuing health care providers' concerns regarding the safety and comfort of its patients during surgical interventions, making a tremendous influence on the product development market trends from the inside.
- Tailored Solutions Provide Opportunity: There is an opportunity for manufacturers to develop customizable oxygenators according to specific clinical needs. Having features adjusted according to the patient's desires or procedural needs would increase satisfaction to the end user and improve the clinical outcome.
- Investment in Sustainability Initiatives: Manufacture sustainability opportunities are unique for manufacturers in the oxygenator market, in that they will be able to make eco-friendly products or less waste production processes that will create awareness to an increasingly environmentally conscious healthcare facility at the same time distinguishing themselves from competition.
- Association with Research Institute: By entering into partnerships with the relevant research institutions, manufacturers can easily access insights regarding future technologies and trends in clinical requirements. Such partnerships may eventually lead to co-inventing products or co-developing them in ways that would meet end users' needs through superior competition and reach.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the 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 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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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Abbott; MicroPort Scientific Corporation; Boston Scientific Corporation; Medtronic; BIOTRONIK SE and CO. KG; Koninklijke Philips NV; Siemens AG; AtriCure, Inc.; CardioFocus; and Biosense Webster, Inc. are some of the major players operating in the market.
The surgical devices segment accounts for a higher revenue in product segment of the oxygenator market in 2023
Asia Pacific region dominated the oxygenator market in 2023
North America region dominated the oxygenator market in 2023
The Oxygenator Market is estimated to witness a CAGR of 6.60% from 2023 to 2031
The major factors driving the oxygenator market are:
1. Increase in Prevalence of Atrial fibrillation (AF)
2.Rising Awareness and Screening
3.Increasing Adoption Rate of Advanced Technologies
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Oxygenator Market - By Product Type
1.3.2 Oxygenator Market - By Application
1.3.3 Oxygenator Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. 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. 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 AND RESTRAINTS
6. OXYGENATOR MARKET - GLOBAL MARKET ANALYSIS
6.1. OXYGENATOR - GLOBAL MARKET OVERVIEW
6.2. OXYGENATOR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. OXYGENATOR MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. MEMBRANE OXYGENATOR
7.3.1. Overview
7.3.2. Membrane Oxygenator Market Forecast and Analysis
7.4. BUBBLE OXYGENATOR
7.4.1. Overview
7.4.2. Bubble Oxygenator Market Forecast and Analysis
8. 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. EXTRACORPOREAL CARDIOPULMONARY RESUSCITATION (ECPR)
8.5.1. Overview
8.5.2. Extracorporeal Cardiopulmonary Resuscitation (ECPR) Market Forecast and Analysis
9. OXYGENATOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Oxygenator Market Overview
9.1.2 North America Oxygenator Market Forecasts and Analysis
9.1.3 North America Oxygenator Market Forecasts and Analysis - By Product Type
9.1.4 North America Oxygenator Market Forecasts and Analysis - By Application
9.1.5 North America Oxygenator Market Forecasts and Analysis - By Countries
9.1.5.1 United States Oxygenator Market
9.1.5.1.1 United States Oxygenator Market by Product Type
9.1.5.1.2 United States Oxygenator Market by Application
9.1.5.2 Canada Oxygenator Market
9.1.5.2.1 Canada Oxygenator Market by Product Type
9.1.5.2.2 Canada Oxygenator Market by Application
9.1.5.3 Mexico Oxygenator Market
9.1.5.3.1 Mexico Oxygenator Market by Product Type
9.1.5.3.2 Mexico Oxygenator Market by Application
9.2. EUROPE
9.2.1 Europe Oxygenator Market Overview
9.2.2 Europe Oxygenator Market Forecasts and Analysis
9.2.3 Europe Oxygenator Market Forecasts and Analysis - By Product Type
9.2.4 Europe Oxygenator Market Forecasts and Analysis - By Application
9.2.5 Europe Oxygenator Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Oxygenator Market
9.2.5.1.1 Germany Oxygenator Market by Product Type
9.2.5.1.2 Germany Oxygenator Market by Application
9.2.5.2 France Oxygenator Market
9.2.5.2.1 France Oxygenator Market by Product Type
9.2.5.2.2 France Oxygenator Market by Application
9.2.5.3 Italy Oxygenator Market
9.2.5.3.1 Italy Oxygenator Market by Product Type
9.2.5.3.2 Italy Oxygenator Market by Application
9.2.5.4 Spain Oxygenator Market
9.2.5.4.1 Spain Oxygenator Market by Product Type
9.2.5.4.2 Spain Oxygenator Market by Application
9.2.5.5 United Kingdom Oxygenator Market
9.2.5.5.1 United Kingdom Oxygenator Market by Product Type
9.2.5.5.2 United Kingdom Oxygenator Market by Application
9.2.5.6 Rest of Europe Oxygenator Market
9.2.5.6.1 Rest of Europe Oxygenator Market by Product Type
9.2.5.6.2 Rest of Europe Oxygenator Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Oxygenator Market Overview
9.3.2 Asia-Pacific Oxygenator Market Forecasts and Analysis
9.3.3 Asia-Pacific Oxygenator Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Oxygenator Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Oxygenator Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Oxygenator Market
9.3.5.1.1 Australia Oxygenator Market by Product Type
9.3.5.1.2 Australia Oxygenator Market by Application
9.3.5.2 China Oxygenator Market
9.3.5.2.1 China Oxygenator Market by Product Type
9.3.5.2.2 China Oxygenator Market by Application
9.3.5.3 India Oxygenator Market
9.3.5.3.1 India Oxygenator Market by Product Type
9.3.5.3.2 India Oxygenator Market by Application
9.3.5.4 Japan Oxygenator Market
9.3.5.4.1 Japan Oxygenator Market by Product Type
9.3.5.4.2 Japan Oxygenator Market by Application
9.3.5.5 South Korea Oxygenator Market
9.3.5.5.1 South Korea Oxygenator Market by Product Type
9.3.5.5.2 South Korea Oxygenator Market by Application
9.3.5.6 Rest of Asia-Pacific Oxygenator Market
9.3.5.6.1 Rest of Asia-Pacific Oxygenator Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Oxygenator Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Oxygenator Market Overview
9.4.2 Middle East and Africa Oxygenator Market Forecasts and Analysis
9.4.3 Middle East and Africa Oxygenator Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Oxygenator Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Oxygenator Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Oxygenator Market
9.4.5.1.1 South Africa Oxygenator Market by Product Type
9.4.5.1.2 South Africa Oxygenator Market by Application
9.4.5.2 Saudi Arabia Oxygenator Market
9.4.5.2.1 Saudi Arabia Oxygenator Market by Product Type
9.4.5.2.2 Saudi Arabia Oxygenator Market by Application
9.4.5.3 U.A.E Oxygenator Market
9.4.5.3.1 U.A.E Oxygenator Market by Product Type
9.4.5.3.2 U.A.E Oxygenator Market by Application
9.4.5.4 Rest of Middle East and Africa Oxygenator Market
9.4.5.4.1 Rest of Middle East and Africa Oxygenator Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Oxygenator Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Oxygenator Market Overview
9.5.2 South and Central America Oxygenator Market Forecasts and Analysis
9.5.3 South and Central America Oxygenator Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Oxygenator Market Forecasts and Analysis - By Application
9.5.5 South and Central America Oxygenator Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Oxygenator Market
9.5.5.1.1 Brazil Oxygenator Market by Product Type
9.5.5.1.2 Brazil Oxygenator Market by Application
9.5.5.2 Argentina Oxygenator Market
9.5.5.2.1 Argentina Oxygenator Market by Product Type
9.5.5.2.2 Argentina Oxygenator Market by Application
9.5.5.3 Rest of South and Central America Oxygenator Market
9.5.5.3.1 Rest of South and Central America Oxygenator Market by Product Type
9.5.5.3.2 Rest of South and Central America 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. OXYGENATOR MARKET, KEY COMPANY PROFILES
11.1. MEDTRONIC PLC
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. EUROSETS
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. TERUMO MEDICAL CORPORATION
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. LIVANOVA PLC
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. CAREFUSION
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. ARMSTRONG MEDICAL.
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
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Medtronic plc
2.EUROSETS
3.Terumo Medical Corporation
4.Getinge AB
5.Livanova Plc
6.CareFusion
7.Armstrong Medical.
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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