Membrane Oxygenator Market Size is USD 364.32 Million in 2025

The global membrane oxygenator market was valued at USD 352 million in 2024 and is projected to reach approximately USD 496.53 million by 2034, growing at a CAGR of 3.5%. The market growth is primarily driven by the rising prevalence of cardiovascular diseases, increasing adoption of extracorporeal membrane oxygenation (ECMO) procedures, and continuous technological advancements in oxygenator design.

Membrane Oxygenator Market Highlights

• North America dominated the global market in 2024.
• Asia Pacific is anticipated to grow at the fastest rate in the market during the forecast period.
• By type, the hollow fibre membrane oxygenator segment held a dominant presence in the market in 2024.
• By type, the flat sheet membrane oxygenator segment is expected to grow at the fastest rate in the market during the forecast period of 2025 to 2034.
• By application, the cardiac segment accounted for a considerable share of the market in 2024.
• By application, the extra-corporeal cardiopulmonary resuscitation (ECPR) segment is projected to experience the highest growth rate in the market between 2025 and 2034.

Membrane Oxygenator Market Statical Scope

The membrane oxygenator market is attaining significant popularity due to the rising cardiovascular and respiratory disease burden, which creates a massive demand for such medical devices. WHO also states that the prevalence of CVD is around 80% in low and middle-income countries due to limited healthcare service options. This is mainly due to the higher treatment costs and poor healthcare infrastructure in these regions, which may hinder the growth pace of the market. However, the governments in the developing economies are trying to invest more in their healthcare infrastructure to enable services to their citizens. They are also targeting domestic manufacturing of such medical devices to increase their affordability in their own regions.

The emergence of technologies like Artificial Intelligence (AI) and Machine Learning (ML) is playing a transformative role in the membrane oxygenator market due to their algorithms that track the oxygen levels, blood flow, and other parameters during diagnosis. Moreover, they are also helping in personalizing treatment options based on past data for more accurate outcomes.

Membrane Oxygenator Market Companies

• Medtronic
• LivaNova
• Terumo
• Nipro Corporation
• Xenios AG
• Getinge (Maquet)
• Microport (Kewei)
• Wego
• Xijian Medical
• Spectrum Medical

Membrane Oxygenator Market Segmentation

By Type

• Hollow Fibre Membrane Oxygenator
• Flat Sheet Membrane Oxygenator

By Application

• Respiratory
• Cardiac
• Extra-Corporeal Cardiopulmonary Resuscitation (ECPR)

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa