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Oxygenator Market size in 2019 is estimated to be $146 million, growing at a CAGR of 5.3% during the forecast period 2020-2025. Oxygenator are medical devices that are often used in the medical environment. They are used in the surgical procedures that have the ability to exchange oxygen and carbon dioxide while the patient is undergoing a surgical procedures. An oxygenator is typically utilized by a perfusionist during cardiac surgery and is capable of exchanging oxygen and carbon dioxide in the blood of patients. Rise in prevalence of cardiovascular disease and changing lifestyle are the major factors driving the growth of the market. Moreover, growing geriatric population and rising adoption of surgical procedures further enhance the overall market demand for Oxygenators during the forecast period 2020-2025.
Report Coverage
The report: “Oxygenator Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Oxygenator Market:
By Type: Infant Pediatric Oxygenator, and Adult Oxygenator
By Product: Bubble Oxygenator, and Membrane Oxygenator
By Application: Cardiac, Respiratory, Extracorporeal Cardiopulmonary Resuscitation (ECPR), ICU & NICU, MRI, Operating Rooms & Transport Operations, and Others
By End-Use: Hospitals, Ambulatory Surgical Centers, Clinics, and Others
By Geography: North America, Europe, Asia-Pacific, and Rest of World
Key Takeaways
- In 2019, North America dominates the oxygenator market owing to improved patient safety and awareness among patients about health.
- Rise in prevalence of cardiovascular disease, changing lifestyle and technological advancement is driving the market growth of oxygenator.
- Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the oxygenator market report.
- The high cost of devices and rising complications arising from direct contact with blood are challenging the growth of the market.
Product - Segment Analysis
Based on the Product, oxygenator market is segmented into bubble oxygenator and membrane oxygenator. The membrane oxygenator is forecast to be the fastest-growing segment and is estimated to grow at a CAGR of 4.9% during the forecast period 2020-2025. This is mainly owing to less hemolysis, less blood trauma and less bleeding. Moreover, reducing the damage and thrombosis of patients that are contributing to the growth of this segment.
End-User - Segment Analysis
Based on the end-user, oxygenator market is segmented into hospitals, clinics and ambulatory surgical centers. In 2019, hospital held the largest share in the oxygenator market. Growing demand for efficient and effective surgery with shorter recovery time and reduced hospital stay are key factors driving the growth of this segment. The availability of advanced technologies and demand for surgical procedure is also contributing to the growth of this segment.
Geography - Segment Analysis
North America dominated the oxygenator market share accounting for 32% of the market in 2019. This is mainly owing to the improved patient safety and awareness among patients about health. According to U.S. Food and Drug Administration, more than 300,000 patients suffering from acute cardiac or respiratory disease. North America launches new TandemLung Oxygenator and pond pump oxygenator that is approved by FDA for the protection of patients from the negative effects of respiratory function.
However, the Asia-Pacific region is forecast to be the fastest-growing during the forecast period 2020-2025. This is owing to technological advancement and increase in healthcare expenditure.
Drivers – Oxygenator Market
- Increasing Prevalence of Cardiovascular disease
Rise in prevalence of cardiovascular disease and growing geriatric population are some factors driving the growth of oxygenator market. During cardiac surgery, the work of heat and lungs can be replaced by using oxygenator machine which is driving the growth of oxygenator market. Moreover, rising awareness of patient safety and growing cardiovascular surgery are also set to increase the market growth.
- Technological Advancements
Technological Advancements and changing lifestyle are some factors driving the growth of the market. Moreover, technological evolution in the medical industry has increasing the number of surgeries and increasing awareness towards treatment further contributing to the growth of oxygenator market.
Challenges – Oxygenator Market
The high cost of oxygenator devices are challenging the growth of the market. Moreover, rising complications from direct contact with blood and unavailability of proper healthcare infrastructure are further restraining the growth of the market. Hence, the increased cost of oxygenator device is a major factor restraining its market growth during the forecast period 2020-2025.
Oxygenator Industry Outlook
Product launches, Merger & Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Oxygenator Market. Oxygenator top 10 companies are LivaNova PLC, Medtronic, EUROSETS, Chalice Medical Ltd, MAQUET Holding B.V. & Co. KG., XENIOS AG, Weigao group, MicroPort Scientific Corporation, and Terumo Medical Corporation.
Developments:
- 23 September 2019: Medtronic plc had collaborated with researchers and clinicians for the interventional and surgical treatment of cardiovascular disease. The company offers products and services that deliver to healthcare consumers.
- 31 October 2019: Terumo Corporation had acquired Kikuna memorial Inc. and Inogen Inc. to develop technology such as hyperbaric chamber, oximeter for monitoring a person’s oxygen saturation and to improve surgical procedure.
1. Oxygenator Market Overview
1.1 Definitions and Scope
2. Oxygenator Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key trends by Type
2.3 Key trends by Product
2.4 Key trends by Application
2.5 Key trends by End-Use
2.6 Key trends by Geography
3. Oxygenator Market Landscape
3.1 Market Share Analysis- Key Companies
3.2 Product Benchmarking- Key Companies
3.3 Financial Analysis - Key Companies
3.4 Patent Analysis - Key Companies
3.5 Pricing Analysis
4. Oxygenator Market - Startup companies Scenario Premium (Premium)
4.1 Key startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Application Analysis
4.1.4 Venture Capital and Funding Scenario
5. Oxygenator Market - Industry Market Entry Scenario Premium (Premium)
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of successful ventures
6. Oxygenator Market Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters Five Force Model
6.3.1 Bargaining Power Of Suppliers
6.3.2 Bargaining Powers Of Customers
6.3.3 Threat Of New Entrants
6.3.4 Rivalry Among Existing Players
6.3.5 Threat Of Substitutes
7. Oxygenator Market - Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Oxygenator Market – By Type (Market Size -$Million/$Billion)
8.1 Infant Pediatric Oxygenator
8.2 Adult Oxygenator
9. Oxygenator Market – By Product (Market Size -$Million/$Billion)
9.1 Bubble Oxygenator
9.2 Membrane Oxygenator
9.2.1 Flat Sheet Membrane Oxygenator
9.2.2 Hollow Fiber Membrane Oxygenator
10. Oxygenator Market – By Application (Market Size -$Million/$Billion)
10.1 Cardiac
10.2 Respiratory
10.3 Extracorporeal Cardiopulmonary Resuscitation (ECPR)
10.4 ICU & NICU
10.5 MRI
10.6 Operating Rooms & Transport Operations
10.7 Others
11. Oxygenator Market – By End-Use (Market Size -$Million/$Billion)
11.1 Hospitals
11.2 Ambulatory Surgical Centers
11.3 Clinics
11.4 Others
12. Oxygenator Market - By Geography (Market Size -$Million/$Billion)
12.1 North America
12.1.1 U.S.
12.1.2 Canada
12.1.3 Mexico
12.2 Europe
12.2.1 U.K.
12.2.2 Germany
12.2.3 France
12.2.4 Italy
12.2.5 Spain
12.2.6 Rest of Europe
12.3 Asia-Pacific
12.3.1 China
12.3.2 Japan
12.3.3 South Korea
12.3.4 India
12.3.5 Australia & New Zealand
12.3.6 Rest of Asia-Pacific
12.4 Rest of the World
12.4.1 Middle East
12.4.2 Africa
12.4.3 South America
13. Oxygenator Market– Entropy
14. Oxygenator Market- Industry / Segment Competition landscape Premium (Premium)
14.1 Market Share Analysis
14.1.1 Market Share by Country- Key companies
14.1.2 Market Share by Region- Key companies
14.1.3 Market Share at Global Level- Key companies
14.1.4 Best Practices for Companies
15. Oxygenator Market- Key Company List by Country Premium (Premium)
16. Oxygenator Market Company Analysis
16.1 Company Revenue, Products, M&A, Developments
16.2 Company 1
16.3 Company 2
16.4 Company 3
16.5 Company 4
16.6 Company 5
16.7 Company 6
16.8 Company 7
16.9 Company 8
16.10 Company 9
16.11 Company 10 and more
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
1.Global Oxygenator Market, By Type Market 2023-2030 ($M)1.1 Bubble Oxygenator Market 2023-2030 ($M) - Global Industry Research
1.2 Membrane Oxygenator Market 2023-2030 ($M) - Global Industry Research
2.Global Oxygenator Market, By Type Market 2023-2030 (Volume/Units)
2.1 Bubble Oxygenator Market 2023-2030 (Volume/Units) - Global Industry Research
2.2 Membrane Oxygenator Market 2023-2030 (Volume/Units) - Global Industry Research
3.North America Oxygenator Market, By Type Market 2023-2030 ($M)
3.1 Bubble Oxygenator Market 2023-2030 ($M) - Regional Industry Research
3.2 Membrane Oxygenator Market 2023-2030 ($M) - Regional Industry Research
4.South America Oxygenator Market, By Type Market 2023-2030 ($M)
4.1 Bubble Oxygenator Market 2023-2030 ($M) - Regional Industry Research
4.2 Membrane Oxygenator Market 2023-2030 ($M) - Regional Industry Research
5.Europe Oxygenator Market, By Type Market 2023-2030 ($M)
5.1 Bubble Oxygenator Market 2023-2030 ($M) - Regional Industry Research
5.2 Membrane Oxygenator Market 2023-2030 ($M) - Regional Industry Research
6.APAC Oxygenator Market, By Type Market 2023-2030 ($M)
6.1 Bubble Oxygenator Market 2023-2030 ($M) - Regional Industry Research
6.2 Membrane Oxygenator Market 2023-2030 ($M) - Regional Industry Research
7.MENA Oxygenator Market, By Type Market 2023-2030 ($M)
7.1 Bubble Oxygenator Market 2023-2030 ($M) - Regional Industry Research
7.2 Membrane Oxygenator Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Oxygenator Market Revenue, 2023-2030 ($M)2.Canada Oxygenator Market Revenue, 2023-2030 ($M)
3.Mexico Oxygenator Market Revenue, 2023-2030 ($M)
4.Brazil Oxygenator Market Revenue, 2023-2030 ($M)
5.Argentina Oxygenator Market Revenue, 2023-2030 ($M)
6.Peru Oxygenator Market Revenue, 2023-2030 ($M)
7.Colombia Oxygenator Market Revenue, 2023-2030 ($M)
8.Chile Oxygenator Market Revenue, 2023-2030 ($M)
9.Rest of South America Oxygenator Market Revenue, 2023-2030 ($M)
10.UK Oxygenator Market Revenue, 2023-2030 ($M)
11.Germany Oxygenator Market Revenue, 2023-2030 ($M)
12.France Oxygenator Market Revenue, 2023-2030 ($M)
13.Italy Oxygenator Market Revenue, 2023-2030 ($M)
14.Spain Oxygenator Market Revenue, 2023-2030 ($M)
15.Rest of Europe Oxygenator Market Revenue, 2023-2030 ($M)
16.China Oxygenator Market Revenue, 2023-2030 ($M)
17.India Oxygenator Market Revenue, 2023-2030 ($M)
18.Japan Oxygenator Market Revenue, 2023-2030 ($M)
19.South Korea Oxygenator Market Revenue, 2023-2030 ($M)
20.South Africa Oxygenator Market Revenue, 2023-2030 ($M)
21.North America Oxygenator By Application
22.South America Oxygenator By Application
23.Europe Oxygenator By Application
24.APAC Oxygenator By Application
25.MENA Oxygenator By Application
26.Precision Medical, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Carefusion, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Sechrist, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Armstrong Medical, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Ohio Medical, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Heyer, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Aerotech, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Maquet, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Niceneotech, Sales /Revenue, 2015-2018 ($Mn/$Bn)