According to the latest report by IMARC Group, titled “Oxygenators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global oxygenators market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.

What are the growth prospects of the Oxygenators industry?

The global oxygenators market size reached US$ 228.46 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 329.81 Million by 2027, exhibiting a growth rate (CAGR) of 6.10%  during 2022-2027.

Impact of COVID-19:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

What is the Oxygenators Market?

oxygenators represents medical devices that are routinely used in medical settings to exchange oxygen and carbon dioxide from the patient’s blood during surgeries. They can be broadly categorized into membrane oxygenators and bubble oxygenators.These oxygenators are utilized in conjunction with heart-lung machines to facilitate gas exchange during surgical procedures in which the blood flow is interrupted or stopped. They even aid in managing cardiopulmonary, pulmonary, and respiratory disorders. As a result, oxygenators are extensively adopted in hospitals, clinics, and other healthcare establishments across the global.

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What are the major market drivers in a Oxygenators market ?

The increasing prevalence of various coronary, cardiovascular, and orthopedic ailments among the masses, on account of the sedentary lifestyle, unhealthy eating habits, tobacco and alcohol consumption, etc. is primarily driving the oxygenators market. In line with this, the expanding geriatric population, which is highly susceptible to developing chronic diseases, is also positively influencing the market growth. Apart from this, the inflating investments by government bodies across countries to promote healthcare digitization, continual product innovation, and advanced infrastructure setup are acting as significant growth-inducing factors.

Moreover, the elevating mergers and acquisitions (M&As) activities among key market players to innovate state-of-the-art medical devices and the introduction of several favorable healthcare reimbursement initiatives are further stimulating the global market.In addition to this, the rising usage of the equipment in numerous critical surgeries, such as cardiopulmonary bypass grafts (CABG) and coronary artery bypass grafts (CABG) and the shifting preferences toward membrane oxygenator variants for the treatment of neonates and pediatric patients are expected to propel the oxygenators market over the forecasted period.  

Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Braile Biomédica, Chalice Medical Ltd, Eurosets S.r.l., Getinge AB, Livanova Plc, Medtronic plc, MicroPort, Nipro Corporation, Senko Medical Instrument Mfg. Co. Ltd., Terumo Medical Corporation (Terumo Corporation) and Xenios AG (Fresenius Medical Care AG & Co. KGaA).

Report Segmentation:

The report has been segmented the market into 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)

Regional Insights:

• Asia Pacific
• North America
• Europe
• Middle East and Africa
• Latin America

On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.

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