China Extracorporeal Co2 Removal Devices Market Size & Outlook
China extracorporeal co2 removal devices market, 2017-2030 (US$M)
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China extracorporeal co2 removal devices market highlights
- The China extracorporeal co2 removal devices market generated a revenue of USD 4.3 million in 2022 and is expected to reach USD 8.7 million by 2030.
- The China market is expected to grow at a CAGR of 9.3% from 2023 to 2030.
- In terms of segment, extracorporeal co2 machines was the largest revenue generating product in 2022.
- Other Products is the most lucrative product segment registering the fastest growth during the forecast period.
Extracorporeal co2 removal devices market data book summary
| Market revenue in 2022 | USD 4.3 million |
| Market revenue in 2030 | USD 8.7 million |
| Growth rate | 9.3% (CAGR from 2022 to 2030) |
| Largest segment | Extracorporeal co2 machines |
| Fastest growing segment | Other Products |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Extracorporeal CO2 machines, Disposables, Other Products |
| Key market players worldwide | Medtronic PLC, Getinge AB ADR, Fresenius Medical Care AG, LivaNova PLC, Aferetica, Estor |
Other key industry trends
- In terms of revenue, China accounted for 5.4% of the global extracorporeal co2 removal devices market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China extracorporeal co2 removal devices market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 8.7 million by 2030.
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Extracorporeal CO2 Removal Devices Market Scope
Extracorporeal CO2 Removal Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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China extracorporeal co2 removal devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to extracorporeal co2 removal devices market will help companies and investors design strategic landscapes.
Extracorporeal co2 machines was the largest segment with a revenue share of 55.81% in 2022. Horizon Databook has segmented the China extracorporeal co2 removal devices market based on extracorporeal co2 machines, disposables, other products covering the revenue growth of each sub-segment from 2017 to 2030.
As per World Bank 2011–2015 report, China spends 5.5% as healthcare expenditure and 2.01% as R&D expenditure of its total GDP. Moreover, the country is known to be the second-largest medical device market worldwide and rising prevalence of diseases such as chronic obstructive pulmonary disease and cardiopulmonary diseases is also said to boost market growth over the forecast period.
Furthermore, improving healthcare infrastructure and increasing adoption of technological advancements are another important factors contributing to the growth of extracorporeal CO2 removal devices market.
Moreover, favorable regulatory landscape, easy approval process, funding issued by government to startup companies will further boost market growth owing to new product approvals and launches in the market.
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Horizon Databook provides a detailed overview of country-level data and insights on the China extracorporeal co2 removal devices market, including forecasts for subscribers. This country databook contains high-level insights into China extracorporeal co2 removal devices market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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China extracorporeal co2 removal devices market size, by product, 2017-2030 (US$M)
China Extracorporeal CO2 Removal Devices Market Share, 2022 & 2030 (US$M)
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