How big is the oxygenator market | Growth, Analysis & Size 2031

Code: MTA7766 Publication Date: Aug 2025

How big is the Oxygenator Market?

According to 6Wresearch internal database and industry insights, the Global Oxygenator Market was valued at USD 3.3 Billion in 2024 and is expected to reach USD 4.8 Billion by 2031, growing at a compound annual growth rate of 5.10% during the forecast period (2025-2031).

The market growth is driven by increasing cardiovascular surgeries, rising prevalence of heart diseases, advancements in oxygenator technology, and expanding healthcare infrastructure. Demand is also fueled by a growing geriatric population and enhanced clinical outcomes offered by newer oxygenators.

Growth Factors for Oxygenator Market

  • An increase in extracorporeal membrane oxygenation (ECMO) procedures and heart surgeries
  • The rising number of cardiovascular diseases is increasing worldwide
  • Developments in technology enhancing the biocompatibility and efficiency of oxygenators
  • Expansion of healthcare infrastructure in emerging economies
  • An aging population that is growing and in need of sophisticated cardiac and respiratory care
  • Clinicians' growing consciousness of better surgical results

Oxygenator Market Trends

The Oxygenator Market is witnessing adoption of compact and portable oxygenators with enhanced oxygen transfer rates and reduced blood trauma. Single-use and disposable oxygenators are growing in popularity as a way to reduce the risk of infection. The demand is being driven by integration with minimally invasive surgical techniques and advanced ECMO systems. New trends include compatibility with different extracorporeal support systems and digital monitoring features. Additionally, the market is being boosted by the increasing demand from trauma care units and cardiac centers.

Emerging Developments in the Oxygenator Market

Emerging developments in the Oxygenator Market include innovative membrane materials that improve gas exchange efficiency while reducing blood damage. Portable oxygenators made for transportation and emergency situations are becoming more and more popular. Manufacturers are spending money on hybrid systems that combine filtration, oxygenation, and additional therapeutic uses. There are ongoing efforts to improve the oxygenators' long-term safety and durability. Next-generation oxygenators with intelligent monitoring and control systems are being developed more quickly due to partnerships with medical facilities and research institutes.

List of Leading Companies in the Oxygenator Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1. Medtronic plc

Company NameMedtronic plc
Established Year1949
HeadquartersDublin, Ireland
Official WebsiteClick Here

This company provides advanced oxygenator devices widely used in cardiac surgeries and ECMO, focusing on high efficiency and patient safety.

2. Terumo Corporation

Company NameTerumo Corporation
Established Year1921
HeadquartersTokyo, Japan
Official WebsiteClick Here

Terumo is known for innovative oxygenators with excellent biocompatibility and integration with extracorporeal circulation systems.

3. LivaNova PLC

Company NameLivaNova PLC
Established Year2015
HeadquartersLondon, UK
Official WebsiteClick Here

This company offers cutting-edge oxygenation systems for cardiac and respiratory support, emphasizing performance and reliability.

4. Getinge AB

Company NameGetinge AB
Established Year1904
HeadquartersGothenburg, Sweden
Official WebsiteClick Here

Getinge manufactures oxygenators designed for cardiopulmonary bypass with a focus on safety and advanced membrane technology.

5. Xenios AG (Fresenius Medical Care)

Company NameXenios AG (Fresenius Medical Care)
Established Year1998
HeadquartersAachen, Germany
Official WebsiteClick Here

Xenios develops innovative ECMO oxygenators with advanced gas exchange and patient compatibility features.

6. Nipro Corporation

Company NameNipro Corporation
Established Year1954
HeadquartersOsaka, Japan
Official WebsiteClick Here

Nipro offers a wide range of oxygenators known for durability and biocompatibility used in various extracorporeal therapies.

7. Asahi Kasei Medical

Company NameAsahi Kasei Medical
Established Year1931
HeadquartersTokyo, Japan
Official WebsiteClick Here

This company produces oxygenators with proprietary membrane technologies designed to enhance oxygen transfer and reduce complications.

8. Maquet Getinge Group

Company NameMaquet Getinge Group
Established Year1838
HeadquartersRastatt, Germany
Official WebsiteClick Here

Maquet offers a portfolio of oxygenators widely used in extracorporeal circulation and cardiopulmonary bypass procedures.

9. Sorin Group (now part of LivaNova)

Company NameSorin Group (now part of LivaNova)
Established Year2008
HeadquartersMilan, Italy
Official WebsiteClick Here

Sorin Group specializes in oxygenation devices and extracorporeal support systems, focusing on innovation and clinical efficacy.

How big is the oxygenator market : FAQs

The oxygenator market is projected to reach USD 4.8 billion by 2031.
The oxygenator market is expected to grow at a CAGR of 5.10% during the forecast period.
North America and Europe lead due to advanced healthcare infrastructure and high surgical volumes.
Trends include portable oxygenators, disposable devices, and improved membrane materials.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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