Global Oxygenators Market Growth Facilitated by Increased Prevalence of Cardiopulmonary Diseases

According to Inkwood Research, the Global Oxygenators Market is anticipated to register a CAGR of 5.47% in terms of revenue during the forecasting years of 2021-2028.

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Oxygenators are characterized as medical devices typically used in a medical environment. They have the ability to exchange oxygen and carbon dioxide while patients undergo surgical procedures, especially in the case of suspension or termination of blood flow to a crucial organ or blood vessel.

Rising Incidence of Cardiopulmonary Disorders

The increasing prevalence of numerous cardiopulmonary diseases is the key factor fueling the growth of the studied market. These conditions refer to the extensive range of disorders affecting the heart and the lungs. The growing incidence of cardiovascular diseases increases cardiopulmonary surgical procedures as well as coronary artery bypass grafting (CABG), thereby augmenting the demand for oxygenators. Some of the main types of cardiopulmonary diseases include chronic obstructive pulmonary disease (COPD), ischemic stroke, chronic bronchitis, emphysema, congestive heart failure, cardiomyopathy, and others.

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Respiratory is the Leading & Dominating Application

The key factor accredited to the growth of the global oxygenators market is the mounting burden of respiratory diseases worldwide. Furthermore, the ability of oxygenators to serve as lung substitutes during surgical procedures and the design to expose the blood to oxygen and remove carbon dioxide is anticipated to fuel the market growth.

Over 3.8 million individuals in Canada had asthma in 2019, according to the annual asthma survey report. Hence, on account of the high incidence of asthma in the country, ECMO can prove effective in terms of providing adequate gas exchange during acute respiratory failure. Moreover, as per the report published by the Global Initiative for Chronic Obstructive Lung Disease (COLD) in 2019, nearly 65 million people were diagnosed with chronic obstructive pulmonary disease (COPD). Therefore, with the increasing rate of respiratory conditions, oxygenators are being widely used in medical operations and utilized in concurrence with a heart-lung machine.

Asia-Pacific to be the Fastest-Growing Region by 2028

The surging incidence of chronic conditions, such as cardiopulmonary diseases, excessive consumption of tobacco, and the growing awareness about oxygenators, has resulted in the increased adoption of oxygenators across hospitals. In addition, the vast population in the Asia-Pacific with low per capita income leads to high demand for affordable treatment options.

Various international firms dominate the global oxygenators market. Companies also aim to acquire a sustainable competitive edge through innovation. They invest in projects for expanding clinical applications and fueling product differentiation, as well. Consequently, this leads to intense industrial rivalry among players. Getinge AB, Microport Scientific Corporation, Medtronic PLC, Nipro Corporation, etc., are some of the leading companies operating in the global oxygenators market.

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