Membrane Oxygenators Market Size, Share & Trends Analysis Report By Type (Hollow Fiber, Flat Sheet), By Application (Cardiac, Respiratory, ECPR), By Age Group (Neonates, Adults, Pediatrics)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2021-2027

The global Membrane Oxygenators market gathered revenue around USD 120 Million in 2020 and market is set to grow USD 149 Million by the end of 2027 and is estimated to expand at a modest CAGR of 2.1% during the prediction period 2021 to 2027.

Growth Factors:

The market 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.

Membrane oxygenators are used in treating patients suffering from chronic respiratory and cardiopulmonary diseases. They have wide applications and are used for the treatment of neonates, pediatric patients, and adults. In addition, membrane oxygenators in Extracorporeal Membrane Oxygenation (ECMO) devices provide extracorporeal life support to patients suffering from severe cardiopulmonary disorders. Membrane oxygenator has several advantages over traditional bubble oxygenator. It provides better platelet function, higher platelet numbers, and lower hemolysis as compared to bubble oxygenator perfusion. Thus, the advantages of membrane oxygenators are expected to drive overall market growth. Furthermore, after membrane oxygenator perfusion, considerably shorter bleeding time and the need for fewer transfusions of blood products have been observed.

This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Membrane Oxygenators market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Membrane Oxygenators market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.

Report Coverage

Report Scope Details
Market Size USD 149 Million by 2027
Growth Rate CAR 2.1% From 2021 to 2027
Base Year 2020
Forecast Period 2021 to 2027
Largest Market North America
Fastest Growing Market Asia Pacific
Segments  Covered Type, application, age group and Region
Report coverage Growth Factors, Revenue Status, Competitive Landscape,  and Future Trends 
Companies Mentioned hMedtronic; Fresenius SE & Co KGaA; Getinge AB; Terumo Medical Corporation; MicroPort Scientific Corporation;  Nipro Medical Corporation.

COVID-19 Impact Assessment on Market Landscape

The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.

Membrane Oxygenators market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.

Regional analysis

North America dominated the market and accounted for the largest revenue share of 41.2% in 2020. The market is expected to continue its dominance over the forecast period. Regionally, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. The availability of well-developed primary, secondary, and tertiary care hospitals is supporting market growth in the region. Moreover, the presence of a well-developed reimbursement network, favorable government funding, and increasing awareness regarding membrane oxygenator machines are boosting its adoption in hospitals. Furthermore, technological advancements in membrane oxygenators are supporting market growth.

In Asia Pacific, the market is projected to exhibit the fastest CAGR of 2.9% over the forecast period. The growing prevalence of chronic diseases such as cardiopulmonary diseases due to unhealthy eating habits, excess tobacco consumption, and rising awareness about membrane oxygenators have led to a rise in its adoption rate in hospitals. Moreover, various government initiatives being undertaken and the success rate of ECMO systems during cardiothoracic surgeries are expected to boost the market growth. A large population with low per capita income in the Asia Pacific led to high demand for affordable treatment options. Multinational companies are planning to invest in developing countries such as China. This is further expected to boost the market over the forecast period.

Competitive Rivalry

Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Some of the prominent players in the Membrane Oxygenators Market include:  Medtronic; Fresenius SE & Co KGaA; Getinge AB; Terumo Medical Corporation; MicroPort Scientific Corporation;  Nipro Medical Corporation

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

  • By Type
    • Hollow Fiber Membrane Oxygenators
    • Flat Sheet Membrane Oxygenators
  • By Application
    • Respiratory
      • Respiratory failure
      • Pulmonary embolism
      • Acute respiratory distress syndrome
      • Pneumonia
      • COVID-19
    • Cardiac
      • Acute myocardial infarction
      • Myocarditis
      • Post-transplant complications
      • Decompensated cardiomyopathy
      • Cardiogenic shock
    • ECPR
  • By Age group
    • Neonates
    • Pediatrics
    • Adults

By Geography

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • United Kingdom
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA)

  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa

Highlights of the Report:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
  • Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
  • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

Research Methodology

In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Membrane Oxygenators market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the Membrane Oxygenators market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Membrane Oxygenators markets more accurate and reliable.

Secondary Research

It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Industry participants involved in this research study include:

  • CEOs, VPs, market intelligence managers
  • Procuring and national sales managers technical personnel, distributors and resellers
  • Research analysts and key opinion leaders from various domains

Key Points Covered in Membrane Oxygenators market Study:

  • Growth of Membrane Oxygenators in 2021
  • Market Estimates and Forecasts (2017-2027)
  •  Brand Share and Market Share Analysis
  •  Key Drivers and Restraints Shaping Market Growth
  •  Segment-wise, Country-wise, and Region-wise Analysis
  •  Competition Mapping and Benchmarking
  •  Recommendation on Key Winning Strategies
  •  COVID-19 Impact on Demand for Membrane Oxygenators and How to Navigate
  •  Key Product Innovations and Regulatory Climate
  •  Membrane Oxygenators Consumption Analysis
  •  Membrane Oxygenators Production Analysis
  •  Membrane Oxygenators and Management