Oxygenators Market Size and Share

Oxygenators Market (2025 - 2030)
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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.

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.

Oxygenators Market: Market Share by Product Type, 2025
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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.

Oxygenators Market: Market Share by Application, 2025
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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.

Oxygenators Market CAGR (%), Growth Rate by Region
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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

  1. Getinge AB

  2. Livanova Plc

  3. Medtronic

  4. Terumo Medical Corporation

  5. EUROSETS SRL

  6. *Disclaimer: Major Players sorted in no particular order
Oxygenators Market Concentration
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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.

Table of Contents for Oxygenators Industry Report

1. Introduction

  • 1.1 Study Assumptions & Market Definition
  • 1.2 Scope Of The Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rise in Global Prevalence of Cardiopulmonary Disorders
    • 4.2.2 Increasing Geriatric Population
    • 4.2.3 Availability of Technologically Advanced Oxygenators and Reimbursement Policies
    • 4.2.4 Adoption of Portable Ecmo Systems In Pre-Hospital Emergency Transport
    • 4.2.5 AI-Enabled Real-Time Monitoring Reducing Complication Rates
    • 4.2.6 Expansion of Low-Cost Manufacturing Capacity in Emerging Markets
  • 4.3 Market Restraints
    • 4.3.1 Adoption of Minimally Invasive Cardiac Procedures Reducing Cpb Usage
    • 4.3.2 Stringent Regulatory and Biocompatibility Compliance Requirements
    • 4.3.3 Acute Perfusionist Workforce Shortage Limiting Ecmo Program Expansion
    • 4.3.4 Raw Material Supply Chain Volatility For Medical-Grade Polymers
  • 4.4 Value / Supply-Chain Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Technological Outlook
  • 4.7 Porter's Five Forces
    • 4.7.1 Threat Of New Entrants
    • 4.7.2 Bargaining Power Of Buyers/Consumers
    • 4.7.3 Bargaining Power Of Suppliers
    • 4.7.4 Threat Of Substitute Products
    • 4.7.5 Intensity Of Competitive Rivalry

5. Market Size & Growth Forecasts (Value, USD)

  • 5.1 By Product Type
    • 5.1.1 Bubble Oxygenator
    • 5.1.2 Membrane Oxygenator
  • 5.2 By Application
    • 5.2.1 Respiratory
    • 5.2.2 Cardiac
    • 5.2.3 Extracorporeal Cardiopulmonary Resuscitation (ECPR)
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Mexico
    • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 France
    • 5.3.2.4 Italy
    • 5.3.2.5 Spain
    • 5.3.2.6 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 Japan
    • 5.3.3.3 India
    • 5.3.3.4 Australia
    • 5.3.3.5 South Korea
    • 5.3.3.6 Rest of Asia-Pacific
    • 5.3.4 Middle East & Africa
    • 5.3.4.1 GCC
    • 5.3.4.2 South Africa
    • 5.3.4.3 Rest of Middle East & Africa
    • 5.3.5 South America
    • 5.3.5.1 Brazil
    • 5.3.5.2 Argentina
    • 5.3.5.3 Rest of South America

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products & Services, Recent Developments)
    • 6.3.1 Braile Biomedica
    • 6.3.2 Chalice Medical Ltd
    • 6.3.3 EUROSETS SRL
    • 6.3.4 Gen World Medical Devices
    • 6.3.5 Getinge AB
    • 6.3.6 LivaNova PLC
    • 6.3.7 Medtronic
    • 6.3.8 MicroPort Scientific Corporation
    • 6.3.9 Nipro Medical Corporation
    • 6.3.10 Owgels Group
    • 6.3.11 Senko Medical Instrument Mfg Co. Ltd (MERA)
    • 6.3.12 Terumo Medical Corporation
    • 6.3.13 Xenios AG

7. Market Opportunities & Future Outlook

  • 7.1 White-Space & Unmet-Need Assessment
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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.

By Product Type
Bubble Oxygenator
Membrane Oxygenator
By Application
Respiratory
Cardiac
Extracorporeal Cardiopulmonary Resuscitation (ECPR)
Geography
North AmericaUnited States
Canada
Mexico
EuropeGermany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-PacificChina
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & AfricaGCC
South Africa
Rest of Middle East & Africa
South AmericaBrazil
Argentina
Rest of South America
By Product TypeBubble Oxygenator
Membrane Oxygenator
By ApplicationRespiratory
Cardiac
Extracorporeal Cardiopulmonary Resuscitation (ECPR)
GeographyNorth AmericaUnited States
Canada
Mexico
EuropeGermany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-PacificChina
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & AfricaGCC
South Africa
Rest of Middle East & Africa
South AmericaBrazil
Argentina
Rest of South America
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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.

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