Newly-released Extracorporeal CO2 Removal Devices Market industry analysis report by Future Market Insights shows that global sales of the Extracorporeal CO2 Removal Devices Market in 2021 were held at USD 91.6 million. With a CAGR of 5.8% from 2022 to 2032, the market is projected to reach a valuation of USD 170.9 million by 2032.
Extracorporeal CO2 Machines is expected to be the highest revenue-generating category, projected to grow at a CAGR of 6.2% from 2022 to 2032.
| Attribute | Details |
|---|---|
| Global Extracorporeal CO2 Removal Devices Market (2022) | USD 97 million |
| Global Extracorporeal CO2 Removal Devices Market (2032) | USD 170.9 million |
| Global Extracorporeal CO2 Removal Devices Market CAGR (2022 to 2032) | 5.8% |
| The USA Extracorporeal CO2 Removal Devices Market CAGR (2022 to 2032) | 6.1% |
| Key Companies Profiled | Medtronic; Getinge AB; Xenios AG; Alung Technologies; ESTOR S.P.A; Medica Spa; Aferectica Srl |
As per the Extracorporeal CO2 Removal Devices Market industry research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2017 to 2021, market value increased at around 5.6% CAGR, wherein, countries such as Germany, the USA, China, and Japan held a significant share in the global market.
The growing usage of advanced analytics in pharma and medical testing are the key factors influencing the adoption of Extracorporeal CO2 Removal Devices. Owing to this, the market is projected to grow at a CAGR of 5.8% over the coming 10 years.
Health systems and Extracorporeal CO2 Removal Devices enterprises to improve treatment, monetary, and sustainability frameworks while minimizing the costs of healthcare are rapidly adopting analytical solutions. Healthcare financing organizations and government bodies are implementing analytics through claim management and fraud prevention, which is fueling market growth.
The growing elderly population and their increased proclivity for various acute and chronic diseases are likely to drive the expansion of the worldwide extracorporeal carbon dioxide removal market.
Furthermore, rising incidences of pulmonary obstructive illness are predicted to aid in the global market's expansion. On the contrary, the risk of infection, hypoxemia, or thrombosis produced by the restricted flow of blood via the circuit may result in severe health issues, posing a long-term challenge to market expansion.
According to the World Health Organization (WHO), around 251 million people worldwide suffer from a chronic pulmonary obstructive condition. The World Health Organization expected that the number of instances of pulmonary obstructive disease would rise due to an increase in smoking among the population, which would raise the global extracorporeal carbon dioxide removal (ECCO2R) device market sales in the coming years.
Furthermore, clinical benefits provided by ECCO2R removal devices, including effective gas exchange, vitalizing blood flow, and strong lung support, are expected to drive the worldwide ECCO2R devices market revenue during the forecast period.
Extracorporeal CO2 removal devices are efficient, safe, and cost-effective. These technologies have been proposed for use in ventilation assistance in clinical settings where they may be effective, such as COPD exacerbation and acute respiratory distress syndrome (ARDS). The rising prevalence of COPD around the world is expected to fuel market expansion.
Extracorporeal CO2 removal devices are an effective therapy for individuals with hypercapnia respiratory failure and may assist clinicians and healthcare partners to improve lung-protective ventilation. These devices can remove enough CO2 to allow for a 50% reduction in alveolar minute ventilation, resulting in a significant reduction in PaCO2. As a result, the multiple benefits connected with these devices are likely to boost the overall market growth.
North America is likely to continue to dominate the global extracorporeal CO2 removal market throughout the analysis period, owing to the early adoption of innovations and a large patient pool of COPD and ARDS patients.
The increased popularity of novel clinical innovations is attributable to the expansion of the regional market. The spread of chronic respiratory illnesses and the flood of demand for quick and safe minimally intrusive ventilation procedures have accelerated the development of the extracorporeal CO2 removal industry in North America.
The United States has been a pioneer in the Extracorporeal CO2 Removal Devices Market. In recent years, the utilization of Extracorporeal CO2 Removal Devices in the USA expanded due to a growing emphasis on the removal of carbon dioxide in the healthcare sector. The increase in the number of specialized clinics in the United States has also provided new opportunities for market participants.
The market in the United Kingdom is expected to reach a valuation of USD 62 million by 2032. Growing at a CAGR of 6.1% from 2022 to 2032, the market in the country is expected to gross an absolute dollar opportunity of USD 27.5 million.
In Japan, the market is projected to garner an absolute dollar opportunity of USD 3.3 million with a CAGR of 7.1% during the forecast period. The market in the country is expected to reach a valuation of USD 6.7 million by 2032.
The market in South Korea is expected to reach a valuation of USD 4.5 million, growing at a CAGR of 5.7% from 2022 to 2032. The market in the country is expected to witness an absolute dollar opportunity of USD 1.9 million during the forecast period.
Extracorporeal CO2 machines accounted for over half of the total extracorporeal CO2 removal devices demand. The market for Extracorporeal CO2 Machines is expected to grow at a CAGR of 6.2%. Advancements in technical simplification have allowed the usage of additional corporeal CO2 removal equipment to accelerate dramatically, reducing some of the primary difficulties connected to ECMO.
Extracorporeal carbon dioxide removal equipment is theoretically simpler and has comparatively fewer staff needs along with logistical requirements,[mg] as patients may prefer them over ECMO.
The leading players in the extracorporeal CO2 removal system market have used various methods to boost growth potential in the coming years. Collaborations, alliances, mergers, product approvals, and novel product launches are some of the primary methods used by leading companies to create growth avenues in the market.
Some of the key players operating in the market include Medtronic, Getinge AB, Xenios AG, ALung Technologies, ESTOR S.P.A., Medica Spa, and Aferectica Srl.
Some of the recent developments in the key Extracorporeal CO2 Removal Devices Market are as follows:
Similarly, recent developments related to companies offering Extracorporeal CO2 Removal Devices Market have been tracked by the team at Future Market Insights, which are available in the full report.
Table 1: Global Market Value (US$ million), By Product Type, 2015 to 2021
Table 2: Global Market Value (US$ million), By Product Type, 2022 to 2032
Table 3: Global Market Value (US$ million), By Application, 2015 to 2021
Table 4: Global Market Value (US$ million), By Application, 2022 to 2032
Table 5: Global Market Value (US$ million), By Application, 2015 to 2021
Table 6: Global Market Value (US$ million), By Application, 2022 to 2032
Table 7: Global Market, By Region, 2015 to 2021
Table 8: Global Market, By Region, 2022 to 2032
Table 9: North America Market Value (US$ million), By Product Type, 2015 to 2021
Table 10: North America Market Value (US$ million), By Product Type, 2022 to 2032
Table 11: North America Market Value (US$ million), By Application, 2015 to 2021
Table 12: North America Market Value (US$ million), By Application, 2022 to 2032
Table 13: North America Market Value (US$ million), By Application, 2015 to 2021
Table 14: North America Market Value (US$ million), By Application, 2022 to 2032
Table 15: North America Market, By Country, 2015 to 2021
Table 16: North America Market, By Country, 2022 to 2032
Table 17: Latin America Market Value (US$ million), By Product Type, 2015 to 2021
Table 18: Latin America Market Value (US$ million), By Product Type, 2022 to 2032
Table 19: Latin America Market Value (US$ million), By Application, 2015 to 2021
Table 20: Latin America Market Value (US$ million), By Application, 2022 to 2032
Table 21: Latin America Market Value (US$ million), By Application, 2015 to 2021
Table 22: Latin America Market Value (US$ million), By Application, 2022 to 2032
Table 23: Latin America Market, By Country, 2015 to 2021
Table 24: Latin America Market, By Country, 2022 to 2032
Table 25: Europe Market Value (US$ million), By Product Type, 2015 to 2021
Table 26: Europe Market Value (US$ million), By Product Type, 2022 to 2032
Table 27: Europe Market Value (US$ million), By Application, 2015 to 2021
Table 28: Europe Market Value (US$ million), By Application, 2022 to 2032
Table 29: Europe Market Value (US$ million), By Application, 2015 to 2021
Table 30: Europe Market Value (US$ million), By Application, 2022 to 2032
Table 31: Europe Market, By Country, 2015 to 2021
Table 32: Europe Market, By Country, 2022 to 2032
Table 33: Asia Pacific Market Value (US$ million), By Product Type, 2015 to 2021
Table 34: Asia Pacific Market Value (US$ million), By Product Type, 2022 to 2032
Table 35: Asia Pacific Market Value (US$ million), By Application, 2015 to 2021
Table 36: Asia Pacific Market Value (US$ million), By Application, 2022 to 2032
Table 37: Asia Pacific Market Value (US$ million), By Application, 2015 to 2021
Table 38: Asia Pacific Market Value (US$ million), By Application, 2022 to 2032
Table 39: Asia Pacific Market, By Country, 2015 to 2021
Table 40: Asia Pacific Market, By Country, 2022 to 2032
Table 41: MEA Market Value (US$ million), By Product Type, 2015 to 2021
Table 42: MEA Market Value (US$ million), By Product Type, 2022 to 2032
Table 43: MEA Market Value (US$ million), By Application, 2015 to 2021
Table 44: MEA Market Value (US$ million), By Application, 2022 to 2032
Table 45: MEA Market Value (US$ million), By Application, 2015 to 2021
Table 46: MEA Market Value (US$ million), By Application, 2022 to 2032
Table 47: MEA Market, By Country, 2015 to 2021
Table 48: MEA Market, By Country, 2022 to 2032
Table 49: Global Market Incremental $ Opportunity, By Product Type, 2015 to 2021
Table 50: Global Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 51: Global Market Incremental $ Opportunity, By Application, 2015 to 2021
Table 52: Global Market Incremental $ Opportunity, By Region, 2022 to 2032
Table 53: North America Market Incremental $ Opportunity, By Product Type, 2015 to 2021
Table 54: North America Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 55: North America Market Incremental $ Opportunity, By Application, 2015 to 2021
Table 56: North America Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 57: Latin America Market Incremental $ Opportunity, By Product Type, 2015 to 2021
Table 58: Latin America Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 59: Latin America Market Incremental $ Opportunity, By Application, 2015 to 2021
Table 60: Latin America Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 61: Europe Market Incremental $ Opportunity, By Product Type, 2015 to 2021
Table 62: Europe Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 63: Europe Market Incremental $ Opportunity, By Application, 2015 to 2021
Table 64: Europe Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 65: Asia Pacific Market Incremental $ Opportunity, By Product Type, 2015 to 2021
Table 66: Asia Pacific Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 67: Asia Pacific Market Incremental $ Opportunity, By Application, 2015 to 2021
Table 68: Asia Pacific Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 69: MEA Market Incremental $ Opportunity, By Product Type, 2015 to 2021
Table 70: MEA Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 71: MEA Market Incremental $ Opportunity, By Application, 2015 to 2021
Table 72: MEA Market Incremental $ Opportunity, By Country, 2022 to 2032
Figure 1: Global Market Value (US$ million) and Year-on-Year Growth, 2015 to 2032
Figure 2: Global Market Absolute $ Historical Gain (2015 to 2021) and Opportunity (2022 to 2032), US$ million
Figure 3: Global Market Share, By Product Type, 2022 to 2032
Figure 4: Global Market Y-o-Y Growth Projections, By Product Type - 2022 to 2032
Figure 5: Global Market Attractiveness Index, By Product Type - 2022 to 2032
Figure 6: Global Market Share, By Application, 2022 to 2032
Figure 7: Global Market Y-o-Y Growth Projections, By Application- 2022 to 2032
Figure 8: Global Market Attractiveness Index, By Application- 2022 to 2032
Figure 9: Global Market Share, By Application, 2022 to 2032
Figure 10: Global Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 11: Global Market Attractiveness Index, By Application - 2022 to 2032
Figure 12: Global Market Share, By Region, 2022 to 2032
Figure 13: Global Market Y-o-Y Growth Projections, By Region - 2022 to 2032
Figure 14: Global Market Attractiveness Index, By Region - 2022 to 2032
Figure 15: North America Market Value (US$ million) and Year-on-Year Growth, 2015 to 2032
Figure 16: North America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ million
Figure 17: North America Market Share, By Product Type, 2022 to 2032
Figure 18: North America Market Y-o-Y Growth Projections, By Product Type - 2022 to 2032
Figure 19: North America Market Attractiveness Index, By Product Type - 2022 to 2032
Figure 20: North America Market Share, By Application, 2022 to 2032
Figure 21: North America Market Y-o-Y Growth Projections, By Application- 2022 to 2032
Figure 22: North America Market Attractiveness Index, By Application- 2022 to 2032
Figure 23: North America Market Share, By Application, 2022 to 2032
Figure 24: North America Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 25: North America Market Attractiveness Index, By Application - 2022 to 2032
Figure 26: North America Market Share, By Country, 2022 to 2032
Figure 27: North America Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 28: North America Market Attractiveness Index, By Country - 2022 to 2032
Figure 29: Latin America Market Value (US$ million) and Year-on-Year Growth, 2015 to 2032
Figure 30: Latin America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ million
Figure 31: Latin America Market Share, By Product Type, 2022 to 2032
Figure 32: Latin America Market Y-o-Y Growth Projections, By Product Type - 2022 to 2032
Figure 33: Latin America Market Attractiveness Index, By Product Type - 2022 to 2032
Figure 34: Latin America Market Share, By Application, 2022 to 2032
Figure 35: Latin America Market Y-o-Y Growth Projections, By Application- 2022 to 2032
Figure 36: Latin America Market Attractiveness Index, By Application- 2022 to 2032
Figure 37: Latin America Market Share, By Application, 2022 to 2032
Figure 38: Latin America Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 39: Latin America Market Attractiveness Index, By Application - 2022 to 2032
Figure 40: Latin America Market Share, By Country, 2022 to 2032
Figure 41: Latin America Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 42: Latin America Market Attractiveness Index, By Country - 2022 to 2032
Figure 43: Europe Market Value (US$ million) and Year-on-Year Growth, 2015 to 2032
Figure 44: Europe Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ million
Figure 45: Europe Market Share, By Product Type, 2022 to 2032
Figure 46: Europe Market Y-o-Y Growth Projections, By Product Type - 2022 to 2032
Figure 47: Europe Market Attractiveness Index, By Product Type - 2022 to 2032
Figure 48: Europe Market Share, By Application, 2022 to 2032
Figure 49: Europe Market Y-o-Y Growth Projections, By Application- 2022 to 2032
Figure 50: Europe Market Attractiveness Index, By Application- 2022 to 2032
Figure 51: Europe Market Share, By Application, 2022 to 2032
Figure 52: Europe Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 53: Europe Market Attractiveness Index, By Application - 2022 to 2032
Figure 54: Europe Market Share, By Country, 2022 to 2032
Figure 55: Europe Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 56: Europe Market Attractiveness Index, By Country - 2022 to 2032
Figure 57: MEA Market Value (US$ million) and Year-on-Year Growth, 2015 to 2032
Figure 58: MEA Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ million
Figure 59: MEA Market Share, By Product Type, 2022 to 2032
Figure 60: MEA Market Y-o-Y Growth Projections, By Product Type - 2022 to 2032
Figure 61: MEA Market Attractiveness Index, By Product Type - 2022 to 2032
Figure 62: MEA Market Share, By Application, 2022 to 2032
Figure 63: MEA Market Y-o-Y Growth Projections, By Application- 2022 to 2032
Figure 64: MEA Market Attractiveness Index, By Application- 2022 to 2032
Figure 65: MEA Market Share, By Application, 2022 to 2032
Figure 66: MEA Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 67: MEA Market Attractiveness Index, By Application - 2022 to 2032
Figure 68: MEA Market Share, By Country, 2022 to 2032
Figure 69: MEA Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 70: MEA Market Attractiveness Index, By Country - 2022 to 2032
Figure 71: Asia Pacific Market Value (US$ million) and Year-on-Year Growth, 2015 to 2032
Figure 72: Asia Pacific Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ million
Figure 73: Asia Pacific Market Share, By Product Type, 2022 to 2032
Figure 74: Asia Pacific Market Y-o-Y Growth Projections, By Product Type - 2022 to 2032
Figure 75: Asia Pacific Market Attractiveness Index, By Product Type - 2022 to 2032
Figure 76: Asia Pacific Market Share, By Application, 2022 to 2032
Figure 77: Asia Pacific Market Y-o-Y Growth Projections, By Application- 2022 to 2032
Figure 78: Asia Pacific Market Attractiveness Index, By Application- 2022 to 2032
Figure 79: Asia Pacific Market Share, By Application, 2022 to 2032
Figure 80: Asia Pacific Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 81: Asia Pacific Market Attractiveness Index, By Application - 2022 to 2032
Figure 82: Asia Pacific Market Share, By Country, 2022 to 2032
Figure 83: Asia Pacific Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 84: Asia Pacific Market Attractiveness Index, By Country - 2022 to 2032
Figure 85: USA Market Value (US$ million) and Forecast, 2022 to 2032
Figure 86: USA Market Share, By Product Type, 2021
Figure 87: USA Market Share, By Application, 2021
Figure 88: USA Market Share, By Application, 2021
Figure 89: Canada Market Value (US$ million) and Forecast, 2022 to 2032
Figure 90: Canada Market Share, By Product Type, 2021
Figure 91: Canada Market Share, By Application, 2021
Figure 92: Canada Market Share, By Application, 2021
Figure 93: Brazil Market Value (US$ million) and Forecast, 2022 to 2032
Figure 94: Brazil Market Share, By Product Type, 2021
Figure 95: Brazil Market Share, By Application, 2021
Figure 96: Brazil Market Share, By Application, 2021
Figure 97: Mexico Market Value (US$ million) and Forecast, 2022 to 2032
Figure 98: Mexico Market Share, By Product Type, 2021
Figure 99: Mexico Market Share, By Application, 2021
Figure 100: Mexico Market Share, By Application, 2021
Figure 101: Germany Market Value (US$ million) and Forecast, 2022 to 2032
Figure 102: Germany Market Share, By Product Type, 2021
Figure 103: Germany Market Share, By Application, 2021
Figure 104: Germany Market Share, By Application, 2021
Figure 105: The United Kingdom Market Value (US$ million) and Forecast, 2022 to 2032
Figure 106: The United Kingdom Market Share, By Product Type, 2021
Figure 107: The United Kingdom Market Share, By Application, 2021
Figure 108: The United Kingdom Market Share, By Application, 2021
Figure 109: France Market Value (US$ million) and Forecast, 2022 to 2032
Figure 110: France Market Share, By Product Type, 2021
Figure 111: France Market Share, By Application, 2021
Figure 112: France Market Share, By Application, 2021
Figure 113: Italy Market Value (US$ million) and Forecast, 2022 to 2032
Figure 114: Italy Market Share, By Product Type, 2021
Figure 115: Italy Market Share, By Application, 2021
Figure 116: Italy Market Share, By Application, 2021
Figure 117: BENELUX Market Value (US$ million) and Forecast, 2022 to 2032
Figure 118: BENELUX Market Share, By Application, 2021
Figure 119: BENELUX Market Share, By Application, 2021
Figure 120: Nordic Countries Market Value (US$ million) and Forecast, 2022 to 2032
Figure 121: Nordic Countries Market Share, By Product Type, 2021
Figure 122: Nordic Countries Market Share, By Application, 2021
Figure 123: Nordic Countries Market Share, By Application, 2021
Figure 124: China Market Value (US$ million) and Forecast, 2022 to 2032
Figure 125: China Market Share, By Product Type, 2021
Figure 126: China Market Share, By Application, 2021
Figure 127: China Market Share, By Application, 2021
Figure 128: Japan Market Value (US$ million) and Forecast, 2022 to 2032
Figure 129: Japan Market Share, By Product Type, 2021
Figure 130: Japan Market Share, By Application, 2021
Figure 131: Japan Market Share, By Application, 2021
Figure 132: South Korea Market Value (US$ million) and Forecast, 2022 to 2032
Figure 133: South Korea Market Share, By Product Type, 2021
Figure 134: South Korea Market Share, By Application, 2021
Figure 135: South Korea Market Share, By Application, 2021
Figure 136: GCC Countries Market Value (US$ million) and Forecast, 2022 to 2032
Figure 137: GCC Countries Market Share, By Product Type, 2021
Figure 138: GCC Countries Market Share, By Application, 2021
Figure 139: GCC Countries Market Share, By Application, 2021
Figure 140: South Africa Market Value (US$ million) and Forecast, 2022 to 2032
Figure 141: South Africa Market Share, By Product Type, 2021
Figure 142: South Africa Market Share, By Application, 2021
Figure 143: South Africa Market Share, By Application, 2021
Figure 144: Turkey Market Value (US$ million) and Forecast, 2022 to 2032
Figure 145: Turkey Market Share, By Product Type, 2021
Figure 146: Turkey Market Share, By Application, 2021
Figure 147: Turkey Market Share, By Application, 2021
The global market is worth more than USD 91.6 million at present.
The market is expected to witness a CAGR of 5.8% from 2022 to 2032.
North America dominated the Extracorporeal CO2 Removal Devices Market. This is attributable to increased spending on procedures and the easy availability of the products.
The market revenue is being driven primarily by the growing healthcare industry, which has consequently accelerated manufacturing
The top 5 countries driving demand for Extracorporeal CO2 Removal Devices Market are the USA, China, Japan, India, the United Kingdom, and South Korea.
Alung Technologies, Inc., Xenios AG, ESTOR S.P.A, Medtronic Plc., Medica S.P.A., and Getinge Group are among the key players operating in the market.
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