New York, USA, Sept. 08, 2022 (GLOBE NEWSWIRE) -- The Global Oxygenators Market to Exhibit a Strong Growth at a CAGR of 7.45% by 2027 | DelveInsight
The global oxygenators market is expected to show a positive growth due to the rising prevalence of chronic diseases such as respiratory and cardiovascular diseases. Additionally, the growing number of geriatric patients, unhealthy eating habits, a sedentary lifestyle, obesity, and tobacco and alcohol consumption all contribute to increased market demand. Furthermore, the global increase in COVID-19 cases has increased product demand in the market, as oxygenators were in high demand during the peak of the pandemic. Moreover, advancements in the medical oxygenator device, such as portability and flow rate customization, are expected to bolster the oxygenator market, contributing to the overall growth of the oxygenators market during the forecast period of 2022–2027.
DelveInsight's Oxygenators Market Insights report provides the current and forecast market, forthcoming device innovation, individual leading companies' market shares, challenges, oxygenators market drivers, barriers, and trends, and key oxygenators companies in the market.
Key Takeaways from the Oxygenators Market Report
To read more about the latest highlights related to the oxygenators market, get a snapshot of the key highlights entailed in the Global Oxygenators Market Report
An oxygenator is a medical device that can exchange oxygen and carbon dioxide in a human patient's blood during surgical procedures that may require the interruption or cessation of blood flow in the body, a critical organ, or a large blood vessel.
These devices aid in treating heart-related disorders, primarily cardiovascular, respiratory, and pulmonary. According to the World Health Organization, cardiovascular disease is the leading cause of death worldwide. As a result, oxygenators are an effective source of support treatment of these diseases.
North America is expected to account for a significant revenue share of the global oxygenators market among all regions. Factors such as the increasing prevalence of respiratory diseases such as COPD, hypoxia, and others, the increasing prevalence of geriatric and bedridden patients, increased air pollution, and smoking are some key factors expected to aid in the growth of the oxygenators market in the North America. Furthermore, the increasing spread of coronavirus has skyrocketed demand for the device, which is expected to continue during the forecast period.
Furthermore, various regional organizations are working to raise awareness about the disease's symptoms, early diagnosis, treatment, and management. This government activity may increase market demand for disease management devices such as oxygenators, thereby promoting oxygenator market growth in North America.
To know more about why North America is leading the market growth in the oxygenators market, get a snapshot of the Medical Oxygen Concentrators Market
The oxygenators market is experiencing increased product demand for a variety of reasons. The rising prevalence of respiratory and cardiovascular disorders worldwide due to factors such as high-calorie intake, high sugar intake, sedentary lifestyle, increased intake of processed and packaged foods, and others are expected to drive the oxygenator market. Furthermore, the growing number of geriatric patients who are predisposed to chronic diseases drives the growth of the oxygenators market.
However, the high cost of the device and treatment and the stringent regulatory process for device approval may pose a barrier to the oxygenator's market growth.
Additionally, the COVID-19 outbreak prompted the widespread use of oxygenators in the market. People with COVID-19 are more likely to develop pneumonia and hypoxemia, which are major mortality predictors. People with these complications were advised to get enough oxygen. This supply can be provided by oxygenators, which increased the demand for oxygenators during the pandemic. Furthermore, people suffering from severe viral infections require oxygen from external sources such as oxygenators. Moreover, the process of economic recovery with the easing of lockdown restrictions and the return of normalcy in the post-pandemic economic landscape resulted in the resumption of regular healthcare services, which will maintain a steady demand for these products in the market. As a result, the oxygenators market is affected positively.
Scope of the Oxygenators Market Report
DelveInsight Analysis: The oxygenators market size is expected to grow at a CAGR of 7.45% to reach USD 329.67 million by 2027.
Which MedTech key players in the oxygen therapy market are set to emerge as the trendsetter explore @Oxygenators Companies
Interested in knowing the oxygenators market by 2027? Click to get a snapshot of the Medical Oxygen Market
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