Global Oxygenator market will reach 210 million US$ by the end of 2025

Global Oxygenator market will reach 210 million US$ by the end of 2025 QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH

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An oxygenator is a medical device that is capable of exchanging oxygen and carbon dioxide in the blood of human patient during surgical procedures that may necessitate the interruption or cessation of blood flow in the body, a critical organ or great blood vessel. These organs can be the heart, lungs or liver, while the great vessels can be the aorta, pulmonary artery, pulmonary veins or vena cava. An oxygenator is typically utilized by a perfusionist in cardiac surgery in conjunction with the heart-lung machine.

However, oxygenators can also be utilized in extracorporeal membrane oxygenation in neonatal intensive care by nurses.

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QYResearch In 2017, the global Oxygenator market is dominated by North America (31.32%) and Europe (34.63%). The market is growing due to improved patient safety and awareness among the doctors and patients. The Asian market is growing due to increasing adoption rate of ECMO machine in hospitals, success rate of ECMO & government initiatives, and growing awareness towards ECMO. For China market, the industry is developing rapidly. The main players are Medtronic, Maquet, Sorin, Terumo and Xenios. Medtronic, Sorin and Terumo enjoy more than 60% market share in 2016.

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The global Oxygenator market is valued at 140 million US$ in 2017 and will reach 210 million US$ by the end of 2025, growing at a CAGR of 5.3% during 2018-2025.

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