Global Extracorporeal CO2 Removal Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Product;

Extracorporeal CO2 Machines and Disposables.

By Application;

Chronic Obstructive Pulmonary Disease (COPD), Acute Respiratory Distress Syndrome (ARDS), Bridge to Transplant and Others.

By Access type;

Venovenous Access and Arteriovenous Access.

By End Users;

Hospitals, Surgical Center and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn138733913 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Extracorporeal CO2 Removal Market (USD Million), 2020 - 2030

In the year 2023, the Global Extracorporeal CO2 Removal Market was valued at USD 1,287.65 million. The size of this market is expected to increase to USD 1,701.31 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 4.1%.

The global extracorporeal CO2 removal market is witnessing robust growth owing to a myriad of factors driving its expansion. Extracorporeal CO2 removal (ECCO2R) has emerged as a critical technology in the realm of respiratory support, particularly for patients with acute respiratory failure. The market's growth trajectory is propelled by the increasing prevalence of respiratory diseases such as chronic obstructive pulmonary disease (COPD), acute respiratory distress syndrome (ARDS), and others. Additionally, the rise in the geriatric population worldwide, who are more susceptible to respiratory ailments, further augments the demand for ECCO2R technologies.

Technological advancements in ECCO2R devices and techniques are also fostering market growth. Manufacturers are continuously innovating to enhance the efficacy and safety of ECCO2R systems, thereby expanding their adoption across various healthcare settings. Furthermore, the growing awareness among healthcare professionals about the benefits of ECCO2R in managing respiratory failure and improving patient outcomes is bolstering market expansion. Moreover, the COVID-19 pandemic has underscored the importance of advanced respiratory support technologies, driving heightened interest and investment in ECCO2R solutions globally.

Geographically, North America holds a significant share in the extracorporeal CO2 removal market, attributed to the presence of a well-established healthcare infrastructure, high healthcare expenditure, and early adoption of advanced medical technologies. However, the Asia Pacific region is anticipated to witness the fastest growth during the forecast period, propelled by factors such as the increasing prevalence of respiratory diseases, rising healthcare expenditure, and expanding access to advanced medical treatments. With ongoing research and development activities aimed at further enhancing ECCO2R technologies, the global market is poised for substantial growth in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Application
    3. Market Snapshot, By Access type
    4. Market Snapshot, By End Users
    5. Market Snapshot, By Region
  4. Global Extracorporeal CO2 Removal Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Respiratory diseases prevalence increase
        2. Technological advancements in medical devices
        3. Growing demand for minimally invasive procedures
        4. Rising adoption in critical care
      2. Restraints
        1. High cost of extracorporeal CO2 removal
        2. Limited reimbursement policies
        3. Regulatory challenges and approval delays
        4. Lack of awareness and skilled professionals
      3. Opportunities
        1. Emerging markets expansion potential
        2. Development of portable CO2 removal systems
        3. Collaborations for product innovation
        4. Increasing applications beyond respiratory support
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Extracorporeal CO2 Removal Market, By Product, 2020 - 2030 (USD Million)
      1. Extracorporeal CO2 Machines
      2. Disposables
    2. Global Extracorporeal CO2 Removal Market, By Application, 2020 - 2030 (USD Million)
      1. Chronic Obstructive Pulmonary Disease (COPD)
      2. Acute Respiratory Distress Syndrome (ARDS)
      3. Bridge to Transplant
      4. Others
    3. Global Extracorporeal CO2 Removal Market, By Access type, 2020 - 2030 (USD Million)
      1. Venovenous Access
      2. Arteriovenous Access
    4. Global Extracorporeal CO2 Removal Market, By End Users, 2020 - 2030 (USD Million)
      1. Hospitals
      2. Surgical Center
      3. Others
    5. Global Extracorporeal CO2 Removal Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. ALung Technologies, Inc
      2. Xenios AG
      3. Hemovent GmbH
      4. Breethe, Inc
      5. Baxter International Inc
      6. Aferetica S.r.l
      7. Getinge AB
      8. Origen Biomedical, Inc
      9. Estor S.p.A
      10. Alung Technologies Inc
  7. Analyst Views
  8. Future Outlook of the Market

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