Oxygenators Market Size and Share

Oxygenators Market Analysis by Mordor Intelligence
The oxygenators market is expected to grow from USD 283.76 million in 2025 to USD 298.88 million in 2026 and is forecast to reach USD 387.59 million by 2031 at 5.33% CAGR over 2026-2031. This controlled advance conceals brisk shifts in product preference, care-delivery settings, and regional demand. Portable extracorporeal membrane oxygenation (ECMO) platforms compatible with membrane oxygenators are expanding procedure volumes outside the operating room. At the same time, aging populations require longer-duration extracorporeal support amid a rising cardiopulmonary disease burden. Device makers are bundling AI-enabled monitoring software with disposables to lock in service revenue and differentiate themselves on outcomes rather than relying solely on hardware. Meanwhile, policy changes in the United States, Europe, and China are broadening reimbursement for pre-hospital initiation and hybrid interventional-surgical protocols, creating new replacement cycles for legacy bubble systems. Supply-chain volatility for polymethylpentene (PMP) hollow fibers remains the principal cost threat; yet, the scale advantages enjoyed by Chinese manufacturers are compressing price dispersion, forcing incumbents to defend their premium positioning with biocompatibility upgrades and longer, validated use-life. Overall, the oxygenators market is poised to reward companies that combine material science innovation, software analytics, and training ecosystems to ease perfusionist bottlenecks.
Key Report Takeaways
- By product type, bubble oxygenators led the oxygenators market share with 60.78% of 2025 revenue, whereas membrane variants are projected to grow at a 7.32% CAGR through 2031.
- By application, respiratory support accounted for a 45.10% slice of the oxygenators market size in 2025, while cardiac use cases are advancing at a 7.61% CAGR through 2031.
- By geography, North America accounted for a 42.35% slice of the oxygenators market size in 2025, while Asia-Pacific is projected to grow at a CAGR of 6.41% over the forecast period.
Note: Market size and forecast figures in this report are generated using Mordor Intelligence’s proprietary estimation framework, updated with the latest available data and insights as of January 2026.
Global Oxygenators Market Trends and Insights
Driver Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Rise in global prevalence of cardiopulmonary disorders | +1.8% | North America, Europe, urban Asia-Pacific | Long term (≥ 4 years) |
| Increasing geriatric population | +1.5% | Japan, Germany, Italy, coastal China | Long term (≥ 4 years) |
| Availability of technologically advanced oxygenators and reimbursement policies | +1.0% | United States, Germany, United Kingdom, China | Medium term (2-4 years) |
| Adoption of portable ECMO systems in pre-hospital emergency transport | +1.2% | North America, Western Europe, GCC, Australia | Medium term (2-4 years) |
| AI-enabled real-time monitoring reducing complication rates | +0.9% | North America, select European centers, South Korea, Japan | Medium term (2-4 years) |
| Expansion of low-cost manufacturing capacity in emerging markets | +0.7% | China, India, Southeast Asia, Latin America | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Rise in Global Prevalence of Cardiopulmonary Disorders
Cardiovascular disease claimed 19.8 million lives in 2022, and chronic obstructive pulmonary disease (COPD) affects 391.9 million people, driving sustained demand for veno-venous ECMO circuits[1]World Health Organization, “The Top 10 Causes of Death,” who.int. Acute respiratory distress syndrome accounts for 10% of intensive-care admissions and 23% of mechanically ventilated patients, making oxygenators a frontline consumable. Heart-failure prevalence now tops 64.3 million worldwide, and decompensated cases are increasingly bridged with ECMO while definitive interventions are arranged. Hospitals that built ECMO capacity during the COVID-19 surge have repurposed infrastructure for non-viral ARDS and cardiogenic shock, keeping utilization above pre-pandemic baselines. Together, these epidemiologic pressures are broadening the candidate pool across elective, urgent, and emergent pathways, anchoring a resilient growth spine for the oxygenators market.
Increasing Geriatric Population
The global population aged 65 and older will climb from 771 million in 2022 to 994 million by 2030, with the steepest gains in East Asia and Southern Europe[2]United Nations Department of Economic and Social Affairs, “World Population Prospects 2022,” un.org. Octogenarians are now routinely offered complex cardiac surgery, supported by updated Japanese Circulation Society guidelines endorsing ECMO in elderly cardiogenic-shock patients. Older patients present compounded pulmonary dysfunction, necessitating oxygenators with higher gas-exchange efficiencies and anti-inflammatory surface coatings to mitigate prolonged bypass. Because absolute procedure counts track demographic expansion, geriatric demand introduces a multi-decade structural tailwind that outweighs cyclical swings in elective surgery.
Adoption of Portable ECMO Systems in Pre-Hospital Emergency Transport
MicroPort’s 2-kg MOBYBOX and Getinge’s Cardiohelp allow cannulation at the scene of cardiac arrest, shortening low-flow time and elevating neurologically intact survival above 40% in early case series. The Centers for Medicare & Medicaid Services began reimbursing pre-hospital ECMO in March 2025, removing a payment barricade that had constrained adoption in the United States[3]Centers for Medicare & Medicaid Services, “Medicare Advantage Pre-Hospital ECMO Coverage Decision Memo,” cms.gov. Air-ambulance fleets in Western Europe and Australia are following suit, positioning portable oxygenators as essential trauma inventory. As EMS crews master standardized algorithms, pre-hospital penetration is expected to spread to metropolitan fire departments by 2027, giving the oxygenators market another high-margin niche.
AI-Enabled Real-Time Monitoring Reducing Complication Rates
Machine-learning models such as ECMO PAL now flag thrombotic or hemorrhagic events 4–6 hours before clinical manifestation, cutting major-bleed episodes by 20% in validation studies. Continuous analytics incorporating pump flow, membrane pressure gradient, and plasma-free hemoglobin feed audible alerts that let perfusionists fine-tune anticoagulation or schedule oxygenator change-outs proactively. Manufacturers bundling these predictive licenses with disposables gain recurring revenue and stickier account relationships, nudging the oxygenators market toward a hardware-plus-software model.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Adoption of minimally invasive cardiac procedures reducing CPB usage | -1.3% | North America, Western Europe, urban Asia-Pacific | Short term (≤ 2 years) |
| Stringent regulatory and biocompatibility compliance requirements | -1.0% | Global | Long term (≥ 4 years) |
| Acute perfusionist workforce shortage limiting ECMO program expansion | -0.8% | North America, Australia, United Kingdom, Netherlands | Medium term (2-4 years) |
| Raw-material supply-chain volatility for medical-grade polymers | -0.6% | Global | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Adoption of Minimally Invasive Cardiac Procedures Reducing CPB Usage
Global transcatheter aortic valve replacement (TAVR) volumes reached 332,000 in 2023 and are projected to climb 15% annually, eliminating the need for cardiopulmonary bypass (CPB) circuits and disposable oxygenators in converted cases. Transcatheter mitral solutions are following a similar trajectory, further squeezing surgical case counts. Although manufacturers are pivoting toward ECMO and extracorporeal life support applications, volumes are asymmetric—one high-volume cardiac center can forfeit hundreds of CPB circuits each year, while adding only dozens of ECMO runs. Until ECMO usage expands beyond critical-care salvage, minimally invasive cardiology will limit overall oxygenator market growth.
Acute Perfusionist Workforce Shortage Limiting ECMO Program Expansion
Approximately 5,000 certified perfusionists serve the entire United States, and burnout-driven attrition following the COVID-19 surge has hindered the launch of new programs in community hospitals. Training pipelines remain congested, and accrediting bodies require 24/7 coverage, creating a staffing gate that is either all or nothing. Tele-perfusion pilots offer remote oversight but face uneven regulatory acceptance and liability ambiguity. The shortfall most directly caps ECMO growth, but ripple effects spill into CPB scheduling, forcing hospitals to cancel elective cases when vacancies arise. This talent bottleneck limits the oxygenators market below its theoretical ceiling, despite robust demand for devices.
Segment Analysis
By Product Type: Membrane Variants Gain on Biocompatibility Edge
Bubble oxygenators contributed 60.78% of 2025 revenue, solidifying their position in the oxygenators market due to their low upfront cost and simple priming. Membrane designs, however, are advancing at a 7.32% CAGR through 2031, double the pace of bubble counterparts, and are forecast to widen their position in the overall oxygenators market size by mid-decade. Hollow-fiber polymethylpentene (PMP) membranes slash hemolysis and platelet activation during ECMO runs exceeding 14 days, a decisive benefit in prolonged cardiogenic-shock support. Integrated heat exchangers and arterial filters, as seen in Getinge’s PLS line, shorten circuit assembly time and reduce contamination risk. Updated ISO 7199 protocols emphasize long-term thrombogenicity benchmarks that bubble units struggle to meet, accelerating regulatory tilt toward membranes. Bubble devices will persist in short procedures and pediatric repairs where cost sensitivity eclipses biocompatibility demands, but rising quality thresholds will keep incremental value flowing to membranes within the oxygenators market.
Extracorporeal cardiopulmonary resuscitation (ECPR) has emerged as a distinct product niche that prioritizes rapid deployment kits marrying membrane oxygenators, centrifugal pumps, and cannulae in sealed sterile packs. The Extracorporeal Life Support Organization reports 29.5% survival in adult ECPR, rising above 40% when cannulation occurs inside 60 minutes of arrest. This application commands premium disposable pricing and is spurring introduction of single-use circuits that aim to eliminate infection risk, though payers remain cautious. As reimbursement clarity improves, ECPR will add incremental lift to the oxygenators market share for membrane systems, even as bubble designs retreat into legacy cardiac-surgery indications.

Note: Segment shares of all individual segments available upon report purchase
By Application: Cardiac Segment Accelerates on Interventional Synergies
Respiratory support captured 45.10% of 2025 revenue, sustaining the oxygenators market size through veno-venous ECMO for ARDS and bridge-to-transplant. Cardiac indications, however, are expanding at a 7.61% CAGR to 2031 as interventional cardiologists combine veno-arterial ECMO with percutaneous ventricular assist devices to unload the left ventricle during acute myocardial infarction. The September 2025 EACTS/STS/AATS joint guidelines formally endorsed the “ECPELLA” strategy, unlocking reimbursement across 27 EU states. Shorter support times—median 3-5 days—cut ICU and consumable costs, enabling more institutions to adopt ECMO without dedicated long-term resources. This synergy positions cardiac use as the fastest-growing slice of the oxygenators market, even if volume trails the larger respiratory cohort.
ECPR, while the smallest application by case count, yields the highest per-run revenue and sits at the intersection of EMS, emergency medicine, and critical-care markets. NICE is scheduled to publish guidance on veno-arterial ECMO for ECPR in October 2025, likely green-lighting National Health Service coverage and cascading into broader European adoption. Conversely, respiratory growth faces a tempered outlook as advances in prone positioning and protective ventilation reduce progression to ECMO candidacy. Consequently, cardiac and ECPR applications will represent disproportionate incremental gains in oxygenators market share through the decade, even if respiratory support retains the largest absolute spend.

Note: Segment shares of all individual segments available upon report purchase
Geography Analysis
North America generated 42.35% of 2025 revenue and is forecast to advance at 4.72% annually to 2031, sustained by Medicare reimbursement for pre-hospital ECMO and concentrated trauma-center networks. Twelve metropolitan fire departments now field Cardiohelp systems under public-private partnerships, widening the oxygenators market footprint beyond tertiary hospitals. Regional imbalances linger—coastal academic centers often carry excess perfusion capacity while rural facilities struggle to recruit staff, shaping uneven access but steady aggregate demand. Stringent FDA 510(k) requirements deter many Asian entrants, preserving premium pricing for established U.S. suppliers and reinforcing the region’s status as the most profitable slice of the oxygenators market.
Asia-Pacific is the fastest-growing geography at 6.41% CAGR through 2031, powered by China’s surge from 2,826 ECMO cases in 2017 to 10,656 in 2021. The National Medical Products Administration cleared Hengrui’s maglev-pump platform in January 2025, the second domestic system to reach market, priced 35% below Western comparators. Local price competition is compressing margins for multinationals, prompting joint ventures and localized manufacturing. Japan shows high per-capita ECMO utilization but slower unit growth due to flat demographics and spending caps, while India’s nascent network of 16 centers logged survival rates above 40%, signaling clinical competence but still modest oxygenators market size.
Europe accounted for roughly 27.85% of 2025 sales, with Germany, the United Kingdom, and France leading installed base and innovation. The European Health Insurance Card now reimburses cross-border ECMO transfers, and Germany’s InEK NUB funding supports novel technology premiums for three years post-launch. Workforce constraints mirror North America—United Kingdom perfusionist shortages have forced triage protocols prioritizing younger, reversible cases. Pending NICE guidance on ECPR and VA-ECMO for heart failure is expected to unlock National Health Service coverage, spreading demand to secondary hospitals and giving oxygenators market vendors fresh tender opportunities by late 2026.

Competitive Landscape
Getinge, LivaNova, Medtronic, and Terumo together control an estimated 60-65% of revenue, giving the oxygenators market a moderate concentration profile. Incumbents are layering value through proprietary surface coatings, integrated heat exchangers, and AI analytics to stave off price erosion. LivaNova’s 2024 buyout of Caisson Interventional unlocked bundled selling to hybrid cath-lab theaters, melding transcatheter valve repairs with ECMO back-up in a single capital package. Getinge continues to miniaturize its Cardiohelp line, while Terumo has lengthened validated oxygenator run times to 30 days, appealing to centers deploying ECMO as bridge-to-decision support.
Chinese challengers Chinabridge and Hengrui have secured NMPA clearances and are fast-tracking CE Mark applications, leveraging 30-40% list-price discounts and insourcing of PMP fibers to erode Western gross margins. MicroPort’s 2024 acquisition of Hemovent positions the MOBYBOX platform as the lightest portable ECMO on the market, targeting air-ambulance and military medevac users. Emerging disruptors employ maglev pumps that eliminate bearings, slashing hemolysis and permitting oxygenator change-out intervals beyond 30 days, a key metric for bridge-to-transplant candidates.
Regulatory rigors under ISO 7199 and ISO 10993 create high fixed costs for biocompatibility testing, but also serve as validation currency for Chinese systems seeking Western entry. The NMPA’s March 2025 clinical-evaluation guidance, requiring 30-patient samples and stringent bench gas-exchange tests, effectively screens out under-resourced startups, leaving scaled domestic suppliers as credible export contenders. As performance parity converges, competition will hinge on bundled analytics, perfusionist training support, and service contracts rather than standalone hardware, nudging the oxygenators market toward a solution-selling model.
Oxygenators Industry Leaders
Getinge AB
Livanova Plc
Medtronic
Terumo Medical Corporation
EUROSETS SRL
- *Disclaimer: Major Players sorted in no particular order

Recent Industry Developments
- June 2025: Inogen has launched Voxi 5, a new stationary oxygen concentrator developed in collaboration with Yuwell Medical. Inogen says the Voxi 5 augments its line of portable oxygen concentrators, significantly expanding its market potential and leveraging its existing sales channel.
- January 2025: Hengrui Pharmaceuticals gained NMPA approval for a maglev-pump ECMO system, priced 35% below Western equivalents and targeting tier-2 Chinese hospitals.
Global Oxygenators Market Report Scope
An oxygenator is an essential medical device routinely used along with a heart-lung machine to facilitate the exchange of gases as a substitute for lungs during surgical procedures that may necessitate the interruption or cessation of blood flow in the body, heart, lungs, or blood vessels, like the aorta, pulmonary artery, or vena cava. These devices are mainly used in cardiopulmonary surgeries and coronary artery bypass grafting (CABG) procedures.
The oxygenators market is segmented by Product Type (Bubble Oxygenator, Membrane Oxygenator), Application (Respiratory, Cardiac, Extracorporeal Cardiopulmonary Resuscitation), and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.
| Bubble Oxygenator |
| Membrane Oxygenator |
| Respiratory |
| Cardiac |
| Extracorporeal Cardiopulmonary Resuscitation (ECPR) |
| North America | United States |
| Canada | |
| Mexico | |
| Europe | Germany |
| United Kingdom | |
| France | |
| Italy | |
| Spain | |
| Rest of Europe | |
| Asia-Pacific | China |
| Japan | |
| India | |
| Australia | |
| South Korea | |
| Rest of Asia-Pacific | |
| Middle East & Africa | GCC |
| South Africa | |
| Rest of Middle East & Africa | |
| South America | Brazil |
| Argentina | |
| Rest of South America |
| By Product Type | Bubble Oxygenator | |
| Membrane Oxygenator | ||
| By Application | Respiratory | |
| Cardiac | ||
| Extracorporeal Cardiopulmonary Resuscitation (ECPR) | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Europe | Germany | |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Asia-Pacific | China | |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Middle East & Africa | GCC | |
| South Africa | ||
| Rest of Middle East & Africa | ||
| South America | Brazil | |
| Argentina | ||
| Rest of South America | ||
Key Questions Answered in the Report
How large is the global oxygenators market in 2026?
The oxygenators market size is USD 298.88 million in 2026 and is forecast to reach USD 387.59 million by 2031.
Which product segment is growing fastest within oxygenators?
Membrane oxygenators lead growth, expanding at a 7.32% CAGR through 2031 due to superior biocompatibility and compatibility with portable ECMO.
What geographic region is expanding most quickly?
Asia-Pacific is the fastest-growing region, advancing at 6.41% annually, propelled by rapid ECMO adoption and domestic manufacturing in China.
How are portable systems influencing oxygenator demand?
Sub-3 kg ECMO platforms allow pre-hospital deployment, opening new high-margin niches and accelerating procedure volumes outside traditional OR environments.
What is the main workforce challenge affecting oxygenator uptake?
A static pool of about 5,000 certified perfusionists in the United States limits the pace at which hospitals can launch or expand ECMO programs.
Which companies dominate the oxygenators competitive landscape?
Getinge, LivaNova, Medtronic, and Terumo collectively hold roughly 60-65% market share, though Chinese suppliers are rapidly gaining ground.




