Oxygenators Market 2020 with (Covid-19) Impact Analysis 2025- Top Company: Precision Medical, CareFusion, Sechrist, Armstrong Medical, Ohio Medical & Many More
Pune, Maharashtra, India, September 22 2020 (Wiredrelease) Allied Analytics –:The oxygenators market studied was anticipated to grow with a double digit of CAGR during the forecast period. The major factors driving the growth of the market are the global prevalence of various coronary heart diseases and strokes due to changing lifestyles leading to a rise in surgical interventions, favorable reimbursement initiatives, and rapid growth of the geriatric population. For instance, according to the Global Health And Wellness Report published in 2018, nearly 40% of the adult population in the United States were diagnosed with a cardiovascular condition, which directly resulted in higher demand for coronary artery bypass procedures leading to rising focus on oxygenators for efficient treatments fueling the growth of the Oxygenators Market throughout the forecast period.
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Scope of the Report
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 the surgical procedures that may necessitate the interruption or cessation of blood flow in the body, heart, lungs, or blood vessels, like aorta, pulmonary artery, or vena cava. These devices are majorly used in cardiopulmonary surgeries, coronary artery bypass grafting (CABG) procedures. The increased adoption of oxygenators due to the availability of products specific to infants and adults can contribute to the growth of the market during the forecast period.
In terms of technology, there is plenty room for improvement. The current market was mainly occupied by the existing enterprises, under the premise of the future demand growth and technological processes, the new entrants into the Membrane Oxygenator industry business should be able to occupy a certain market share. Therefore, new entrants must develop technical and master internal control, to seize the domestic and foreign markets in the future.
The worldwide market for Membrane Oxygenator is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2024, from xx million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Membrane Oxygenator in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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Comprehensive competitive analysis and profiles of major market players such as Precision Medical, CareFusion, Sechrist, Armstrong Medical, Ohio Medical, Heyer, Aerotech, Maquet, and Niceneotech have also been provided in this report.
• The study provides an in-depth analysis of the market along with current trends and future estimations to elucidate imminent investment pockets.
• It offers a quantitative analysis from 2017 to 2023 to enable stakeholders to capitalize on prevailing market opportunities.
• Comprehensive analysis of all geographical regions has been provided to determine prevailing opportunities.
• Key players have been profiled and their strategies thoroughly analyzed to understand the competitive outlook of the global market.
• Extensive analysis by product elucidates the use of oxygenators in medical settings.
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