Membrane Oxygenators Market To Reach $145.5 Million By 2030

Membrane Oxygenators Market Growth & Trends

The global membrane oxygenators market size is expected to reach USD 145.5 million by 2030, registering a CAGR of 2.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. Key factors expected to boost the market include the growing prevalence of respiratory failures and cardiopulmonary diseases. Furthermore, there has been a rise in the number of patients suffering from COVID-19 and chronic obstructive pulmonary disease, which can require membrane oxygenators for treatment, enhancing their adoption. Technological advancements in medical devices are expected to further propel their demand in hospitals.

Leading market participants operating in this industry are focusing on developing technologically advanced membrane oxygenators. For instance, in January 2019, Terumo Medical Corporation launched the smallest, lowest prime volume, full-size adult oxygenator-Capiox NX19-with Ultraprime technology. Significant features of this device are it minimizes inflammatory response and provides higher efficiency microemboli removal. Portable adaptors and compact membrane oxygenators in ECMO circuits have also been developed, which help in the transportation of critically ill patients. The recent developments in medical devices are estimated to drive market growth.

Cardiovascular diseases are among the leading causes of death across the globe. As per the WHO, in 2016, around 17.9 million CVD-related deaths were reported globally. A membrane oxygenator is used to treat patients with cardiac and respiratory diseases. ECMO machine removes carbon dioxide and delivers oxygen in patients when the lungs and heart fail to carry out the process of blood oxygenation. Hence, the rising occurrence of cardiac and respiratory disorders is anticipated to create robust growth opportunities.

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Membrane Oxygenators Market Report Highlights

• North America accounted for the largest revenue share in 2023 owing to the growing innovation in healthcare technologies, reducing healthcare expenditure, and increasing demand for membrane oxygenator devices in hospitals

• By type, the hollow fiber membrane oxygenator segment accounted for the largest revenue share in 2023, as they offer support after cardiac shock as a fast response system

• By application, the decompensated cardiomyopathy segment dominated the membrane oxygenators market and accounted for the largest revenue share of 35.1% in 2023

• The neonates segment is anticipated to exhibit significant CAGR over the forecast period, due to increasing incidence of acute respiratory distress syndrome, congenital diaphragmatic hernia, air leak syndrome, respiratory failure, persistent pulmonary hypertension, and pneumonia

• The key companies focus on new product launches, strategic acquisitions, and mergers to attain a larger market share.

Membrane Oxygenators Market Segmentation

Grand View Research has segmented the global membrane oxygenators market based on type, application, age group, and region:

Membrane Oxygenators Type Outlook (Revenue, USD Million, 2018 - 2030)

• Hollow Fiber Membrane Oxygenators

• Flat Sheet Membrane Oxygenators

Membrane Oxygenators Application Outlook (Revenue, USD Million, 2018 - 2030)

• Respiratory

  • Respiratory failure

  • Pulmonary embolism

  • Acute respiratory distress syndrome

  • Pneumonia

  • COVID-19

• Cardiac

  • Acute myocardial infarction

  • Myocarditis

  • Post-transplant complications

  • Decompensated cardiomyopathy

  • Cardiogenic shock

• Extra Corporeal Cardiopulmonary Resuscitation

Membrane Oxygenators Age group Outlook (Revenue, USD Million, 2018 - 2030)

• Neonates

• Pediatrics

• Adults

Membrane Oxygenators Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • Japan

  • China

  • India

  • South Korea

  • Australia

  • Thailand

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players in the Membrane Oxygenators Market

• Medtronic

• Fresenius SE & Co. KGaA

• Getinge AB

• TERUMO CORPORATION

• MicroPort Scientific Corporation

• Nipro Medical Corporation

• Kewei Medical

• Braile Biomedica

• Livanova Plc

• Chalice Medical Ltd