Cardiopulmonary Oxygenator Market Size & Share Statistics 2028

Cardiopulmonary Oxygenator Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Bubble Oxygenator and Membrane Oxygenator), Application (Cardiac and Respiratory), Type (Disposable Cardiopulmonary Oxygenator and Reusable Cardiopulmonary Oxygenator), Age Group (Adults, Pediatric, and Neonates), and End Use (Hospitals and Clinics, Ambulatory Surgical Centers, and Others)

Publication Month : Mar 2023

  • Report Code : TIPRE00029843
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 236
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[Research Report] The global cardiopulmonary oxygenator market is expected to grow from US$ 716.21 million in 2022 to US$ 904.15 million by 2028; it is anticipated to record a CAGR of 4.0% from 2022 to 2028.

In 2022, North America held the major market share, with the US being the largest contributor to the market in this region. The market growth is ascribed to the rising prevalence of cardiovascular and respiratory disorders, which has increased the incidence of cardiopulmonary disorders such as COPD, chronic bronchitis, and congestive heart failure. For instance, as per American Lung Association, ~12.5 million people were diagnosed with COPD, chronic bronchitis, and emphysema in the US in 2020. Moreover, the rising prevalence and incidences of such disorders have increased the number of surgical procedures among a large patient population, which has fueled the cardiopulmonary oxygenator market growth. For instance, as per a study published by the lifespan health system, ~500,00 open heart surgeries are performed in the US every year. Additionally, an increase in the prevalence of respiratory failure and infectious diseases is further expected to create demand the cardiopulmonary oxygenators demands in the coming years. 

Furthermore, the rising prevalence of cardiovascular disorders is the leading cause of death on the global level, and oxygenators can be of great assistance in lifesaving emergency cases. As per the World Health Organization, ~17.9 million lives are lost due to CVDs annually. Moreover, favorable reimbursement policies are also expected to create ample opportunities for the cardiopulmonary oxygenators market growth in the coming years. Therefore, the rising prevalence and incidence of cardiopulmonary disorders are expected to drive the cardiopulmonary oxygenator market growth during the forecast period.

Cardiopulmonary Oxygenator Market -

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Cardiopulmonary Oxygenator Market: Strategic Insights

cardiopulmary-oxygenator-market
Market Size Value inUS$ 716.21 million in 2022
Market Size Value byUS$ 904.15 million by 2028
Growth rateCAGR of 4.0% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
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Use of Portable ECMO Device Accelerates Cardiopulmonary Oxygenation Market Growth.

The first ECMO technology was introduced in more than 60 years. The first marketed model was huge in size and shape. With the introduction of a portable version of the ECMO system, doctors are now feeling at ease while treating patients suffering from chronic COPD or heart failure. The new portable technology is revolutionary due to its compact size; it is also an ideal choice in left ventricular assist device (LVAD) therapy or lung transplant. The portable machine gives the physician enough time to access the patient's organ situation. Small portable machines are beneficial for patients undergoing more than one organ transplant. Thus, portable ECMO machines are emerging as a futuristic trend in the cardiopulmonary oxygenators market.  Some ECMO systems are intended for intra-hospital transport, while some are meant for inter-hospital patient transport. The new Capiox NX19 oxygenator helps minimize the impact of cardiopulmonary bypass by reducing hemodilution, minimizing inflammatory response, and aiding highly efficient gaseous microemboli (GME) removal.

Lucrative Regions for Cardiopulmonary Oxygenators Market

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Market Insights – Cardiopulmonary Oxygenator Market

Based on region, the market cardiopulmonary oxygenator market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. North America dominated the cardiopulmonary oxygenator market share in 2022. The market in this region is further segmented into the US, Canada, and Mexico. The North America cardiopulmonary oxygenator market growth is ascribed due to the rising prevalence of cardiovascular and respiratory disorders in the region. This has increased the incidence of cardiopulmonary disorders such as COPD, chronic bronchitis, and congestive heart failure. For instance, as per American Lung Association, ~12.5 million people were diagnosed with COPD, chronic bronchitis, and emphysema in the US in 2020. Therefore, rising prevalence and incidence of cardiopulmonary disorders are expected to drive the cardiopulmonary oxygenator market growth during the forecast period.

Product-Based Insights

Based on product, the cardiopulmonary oxygenators market is bifurcated into membrane oxygenator and bubble oxygenator. The membrane oxygenator segment held a larger market share in 2022 and is anticipated to register a higher CAGR during the forecast period (2022–2028). Technological advanced membrane oxygenators are expected to drive the cardiopulmonary oxygenator market growth during the forecast period.

Cardiopulmonary Oxygenators Market, by Product – 2022 and 2028

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The cardiopulmonary oxygenators market is segmented on the basis of product, application, type, age group, and end use. Based on product, the cardiopulmonary oxygenators market is bifurcated into bubble oxygenator and membrane oxygenator. In terms of application, the cardiopulmonary oxygenators market is bifurcated into cardiac and respiratory. Based on type, the market is bifurcated into disposable cardiopulmonary oxygenator and reusable cardiopulmonary oxygenator. Based on age group, the cardiopulmonary oxygenators market is segmented into adults, pediatric, and neonates. Based on end use, the cardiopulmonary oxygenators market is segmented into hospitals and clinics, ambulatory surgical centers, and others. Based on geography, the cardiopulmonary oxygenators market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).

The major market players operating in the cardiopulmonary oxygenators market are Getinge AB, LivaNova Plc, Medtronic Plc, Terumo Corp, Eurosets SRL, Nipro Medical Corp, Fresenius Medical Care AG & Co. KGaA, MicroPort Scientific Corp, Braile Biomédica Industry, Commerce and Representations Ltd, and Chalice Medical Ltd.

Cardiopulmonary oxygenator market players mainly focus on product approval and company expansion to create customer value.

  • In Nov 2022, LivaNova PLC announced it received 510(k) clearance for extracorporeal membrane oxygenation (ECMO) from the US Food and Drug Administration (FDA) for LifeSPARC, the Company’s next-generation Advanced Circulatory Support (ACS) pump and controller system.
  • In Feb 2022, Fresenius Medical Care announced that the US Food and Drug Administration (FDA) had cleared Novalung, a heart and lung support system for the treatment of acute respiratory or cardiopulmonary failure. Novalung is the first extracorporeal membrane oxygenation (ECMO) system to be cleared for more than six hours of use as extracorporeal life support.
  • In Dec 2020, Nipro Medical Corp announced that Nipro Australia PTY LTD, its consolidated subsidiary, had established a sales office in Melbourne, Victoria, Australia.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product, Application, Type, Age Group, and End Use

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What is meant by the cardiopulmonary oxygenator market?

The oxygenator removes carbon dioxide and adds oxygen to the blood that is pumped into the arterial system. The blood pumped back into the patient’s arteries is sufficient to maintain life at even the most distant parts of the body as well as in the organs. Cardiopulmonary bypass (CPB) procedures require a blood-gas exchanger (oxygenator) to replace the respiratory function of the lungs temporarily. In the past the majority of CPB procedures have been carried out with bubble oxygenators which effect gas exchange by dispersion of bubbles into the blood. Membrane oxygenators, on the other hand, utilize a hydrophobic gas permeable membrane between the blood and gas phases. Bubble oxygenators are being superseded by membrane types for CPB due to improvements in membrane technology and mass transfer efficiency.

What are the driving factors for the cardiopulmonary oxygenator market across the globe?

Key factors driving the market growth are rising incidences of cardiopulmonary diseases and increasing surgical procedures with surging in aging population.

Which product segment led cardiopulmonary oxygenator market?

The cardiopulmonary oxygenators market, by product, is bifurcated into membrane oxygenator and bubble oxygenator. The membrane oxygenator segment held a larger market share in 2021 and is anticipated to register a higher CAGR during the forecast period (2022–2028).

Which application segment held the largest revenue (US$ Mn) in the cardiopulmonary oxygenator market?

The cardiopulmonary oxygenators market, by application, is bifurcated into cardiac and respiratory. The cardiac segment held a larger market share in 2021 and is anticipated to register a higher CAGR during the forecast period (2022–2028).

Who are the key players in the cardiopulmonary oxygenator market?

Companies operating in the market are Getinge AB, LivaNova Plc, Medtronic Plc, Terumo Corp, Eurosets SRL, Nipro Medical Corp, Fresenius Medical Care AG & Co. KGaA, MicroPort Scientific Corp, Braile Biomédica Industry, Commerce and Representations Ltd, and Chalice Medical Ltd.

What is the regional market scenario of the cardiopulmonary oxygenator market?

Global home infusion therapy market is segmented by region into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. North America is likely to continue its dominance in the home infusion therapy market during 2022–2028. The US holds the largest share of the market in North America and is expected to continue this trend during the forecast period.

The List of Companies - Cardiopulmonary Oxygenator Market

  1. Getinge AB
  2. LivaNova Plc
  3. Medtronic Plc
  4. Terumo Corp
  5. Eurosets SRL
  6. Nipro Medical Corp
  7. Fresenius Medical Care AG & Co. KGaA
  8. MicroPort Scientific Corp
  9. Braile Biomédica Industry, Commerce and Representations Ltd
  10. Chalice Medical Ltd.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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