What is Oxygenator Market Scope?
An oxygenator is an essential medical device that is used during surgical procedures. It is a device that is capable of exchanging oxygen & carbon dioxide within the blood of patient throughout surgical procedures that may necessitate the cessation or interruption of blood flow in the body, great blood vessel or a critical organ. These organs can be the heart, lungs or liver, while the great vessels can be the pulmonary artery, aorta, pulmonary veins or vena cava. It is usually 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 units (ICUs) by nurses.
The Oxygenator market study is being classified by Type (Bubble Oxygenator and Membrane Oxygenator), by Application (ICU & NICU, MRI, Operating Rooms & Transport Operations and Other Applications) and major geographies with country level break-up.
Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Oxygenator market throughout the predicted period.
Precision Medical, Inc. (United States), Carefusion Corp. (United States), Sechrist Industries Inc (United States), Medtronic Inc. (United States), Armstrong Medical Industries, Inc. (United States), Ohio Medical Corporation (United States), Heyer Corp (United States), MAQUET GmbH (Germany), Nice Neotech Medical Systems Pvt. Ltd. (India) and LivaNova PLC (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are EUROSETS (Italy), Chalice Medical Ltd (United Kingdom), XENIOS AG (Germany), Weigao group (China), MicroPort Scientific Corporation (China) and Terumo Medical Corporation (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Oxygenator market by Type, Application and Region.
On the basis of geography, the market of Oxygenator has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020.
Market Influencers and their development strategies
On 14 Feb 2018, LivaNova PLC, a leading medical technology company, has announced an acquisition of TandemLife, a privately held company focused on advanced cardiopulmonary temporary support solutions.
On 17 Jan. 2019, Terumo Cardiovascular Group, a worldwide leader in cardiovascular surgery technologies, has announced the launch of its smallest full-size adult oxygenator, the Capiox NX19 Oxygenator with UltraPrime Technology.
Influencing Market Trend
- Increasing Use of Smart Medical Devices
Market Drivers
- Rise in Orthopaedic & Cardiovascular Diseases
- The Surge in Global Ageing Population
- Rise in Surgical Interventions and Improvement in Healthcare Settings
- Change in Lifestyle
Opportunities
- Rapid Technological Advancements
- Emerging Demand from Economies
Restraints
- Complications Arising From Direct Contact with Blood, Blood Trauma, Infection
- High Cost of These Devices
Key Target Audience
Oxygenator Manufacturers, Oxygenator Traders/Distributors, Oxygenator Importer/Exporter, Regulatory & Government Bodies and Downstream Vendors
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