Membrane Oxygenators Market (By Type: Hollow Fiber Membrane Oxygenators, Flat Sheet Membrane Oxygenators; By Application: Respiratory, Cardiac, ECPR; By Age group: Neonates, Pediatrics, Adults) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Published Date : Aug 2021 | No. of Pages : 150+ Pages | Category : Healthcare

The global Membrane Oxygenators market size is expected to be worth around US$ 241.5 Mn by 2030, according to a new report by Vision Research Reports.

The global Membrane Oxygenators market size was valued at US$ 218.8 Mn in 2020 and is anticipated to grow at a CAGR of 3.5% during forecast period 2021 to 2030.

Growth Factors

 The increasing prevalence of respiratory and cardiovascular diseases, growing number of extracorporeal membrane oxygenator centers, rising adoption of membrane oxygenators as a bridge to lung transplantation are some of the major factors augmenting the market growth. In addition, training and conferences programs to increase awareness, technological advancements are anticipated to foster market growth. Membrane oxygenators were actively used in severe COVID-19 cases in the first two waves of the pandemic. The applications of membrane oxygenators are expanding rapidly. 

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.

Report Highlights

The hollow fiber membrane oxygenators segment dominated the market and accounted for the largest revenue share of 73.4% in 2020. Hollow-fiber membrane oxygenators consist of a high number of fibers, with semi-porous walls and central lumen with holes large enough to move water through. These fibers are small enough so that proteins, mainly plasma proteins, can cover these holes, creating a semipermeable membrane or thin film through which gas exchange can occur. Hollow-fiber membrane oxygenators have holes that allow the emission of gas, quickly de-airing the fibers. Hence, these types of oxygenators have been integrated into few ECLS circuits for support after cardiac shock or arrest as a fast response system, driving the segment growth.

The flat sheet membrane oxygenators segment is the second largest segment with promising growth opportunities. These membrane oxygenators do not have holes in the membrane wall and depend on the permeability of plastic material, which allows gas transfer through the membranes.

The adult segment dominated the market and accounted for the largest revenue share of 66.2% in 2020. In the case of adult cardiac failure, the main indication that specifies the need for membrane oxygenation is cardiogenic shock. Advancement in membrane oxygenator technology has increased its application in the treatment of adults. Technological advancements include advanced designs, pump-less veno-arterial extracorporeal gas support devices, double-lumen cannula, and respiratory dialysis, which further drive segment growth. There are various factors to be considered before including ECMO in the adult treatment plan, such as the degree of organ failure, weight, comorbid conditions, and age, increasing its preference among patients.

The neonate segment is anticipated to exhibit considerable CAGR over the forecast period. A membrane oxygenator is commonly used to manage neonates with respiratory and cardiac failure. According to the Extracorporeal Life Support Organization (ELSO) registry report 2017, ECMO patients include 44.8% of neonates, with around 40,000 neonates treated with ECMO globally.

The respiratory segment dominated the membrane oxygenator market and accounted for the largest revenue share of 61.8% in 2020. Membrane oxygenators are commonly used to treat patients suffering from severe respiratory diseases, such as respiratory failure. They are used in pulmonary hypertension, respiratory distress syndrome, meconium aspiration syndrome, respiratory failure, and severe pneumonia, which indicates high applicability. In the case of respiratory illnesses, membrane oxygenators serve as artificial lungs, thus playing a critical role in supporting pulmonary function. Respiratory illnesses, including asthma, are increasing globally, which is expected to create demand for membrane oxygenators over the forecast period. According to the CDC, around 19.2 million adults of age 18 and above are suffering from asthma across the U.S. However, the possibility of complications such as infection, bleeding, and blood clot formation may adversely impact market growth.

The ECPR segment is likely to expand at a lucrative CAGR of 2.9% from 2021 to 2030. Centrifugal pumps integrated with hollow fiber oxygenators are used in ECPR. Various risks of this type of application are intracranial hemorrhage, which may prove to be fatal; reperfusion injury that may lead to sepsis; multiple organ failure; and/or neurological injury. The other risks include vascular injury, which may cause bleeding complications and functional cannula failures, impeding segment growth.

North America dominated the market and accounted for the largest revenue share of 50.4% 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.

Report Coverage Details
Market Size US$ 241.5 Mn by 2030
Growth Rate CAGR of 3.5% From 2021 to 2030
Base year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Type, Application, Age Group
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned Medtronic; Fresenius SE & Co KGaA; Getinge AB; Terumo Medical Corporation; MicroPort Scientific Corporation;  Nipro Medical Corporation

Key Players

  • Medtronic

  • Fresenius SE & Co KGaA

  • Getinge AB

  • Terumo Medical Corporation

  • MicroPort Scientific Corporation

  • Nipro Medical Corporation

Market Segmentation

  • Type Outlook 

    • Hollow Fiber Membrane Oxygenators

    • Flat Sheet Membrane Oxygenators

  • Application Outlook

    • 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

  • Age group Outlook 

    • Neonates

    • Pediatrics

    • Adults

  • Regional Outlook

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K

      • Germany

      • France

      • Italy

      • Spain

    • Asia Pacific

      • Japan

      • China

      • India

      • South Korea

      • Australia

      • Thailand

    • Latin America

      • Brazil

      • Mexico

      • Argentina

      • Colombia

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

      • UAE

The Membrane Oxygenators market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Membrane Oxygenators market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Membrane Oxygenators market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Membrane Oxygenators market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Membrane Oxygenators market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Membrane Oxygenators capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Membrane Oxygenators by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Membrane Oxygenators market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Membrane Oxygenators market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Membrane Oxygenators market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Membrane Oxygenators industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Membrane Oxygenators market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Membrane Oxygenators market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Membrane Oxygenators market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Membrane Oxygenators market. These factors have benefited the growth of the global market for Membrane Oxygenators. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Membrane Oxygenators. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Membrane Oxygenators are as follows:

  • History Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

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.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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