Membrane Oxygenators Market Size Worth $141.5 Million By 2028
Membrane Oxygenators Industry Overview The global membrane oxygenators market size is expected to reach USD 141.5 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 1.5% from 2021 to 2028. Key factors expected to boost the market include the growing prevalence of respiratory failures and cardiopulmonary diseases. Furthermore, there has been a rise in the number of patients suffering from COVID-19 and chronic obstructive pulmonary disease, which can require membrane oxygenators for treatment, enhancing their adoption. Technological advancements in medical devices are expected to further propel their demand in hospitals. Membrane Oxygenators Market Segmentation Grand View Research has segmented the global membrane oxygenators market based on type, application, age group, and region: Based on the Type Insights, the market is segmented into Hollow Fiber, Flat Sheet. The hollow fiber membrane oxygenato...