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Europe Oxygenators Market Forecast 2021-2028


The Europe oxygenators market is projected to develop with a CAGR of 5.27% over the forecast period of 2021 to 2028. Chief factors such as the surging healthcare expenditure, the increasing need for medical devices, the growing public and private investment in research and development, and the prevalence of chronic conditions like cardiopulmonary diseases and respiratory failure primarily propel the region's market growth.


The Europe oxygenators market growth analysis includes the detailed analysis of France, Poland, Germany, Italy, Russia, Belgium, the United Kingdom, and the rest of Europe. In Italy, the surging geriatric population with respiratory, cardiovascular, and lung diseases primarily leads to the country's increasing patient population. As per the World Population Ageing report, 2019, the number of people aged 65 years and above in Italy accounted for 13.93 million, representing 23% of the overall population. Besides, this number is estimated to reach 16.46 million in 2030. Hence, the senior population highly prone to cardiovascular diseases as well as other chronic ailments is expected to grow over the upcoming years.

On the other hand, according to an article published in the Journal of Epidemiology and Community Health (JECH), BMJ, Russia possesses one of the highest mortality rates attributed to cardiovascular diseases globally, despite the decline since 2005. Moreover, at the age of 35 to 69 years, the rates are nearly eight times higher than Russia's neighboring nation, Norway. In addition, ECMO gadgets in the country are often used to treat patients infected with the novel coronavirus, as well. Hence, these factors are set to drive the oxygenators market growth in Europe.


Some of the top firms operating in the market are Medtronic PLC, Eurosets, LivaNova PLC, Getinge AB, etc.

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Europe Oxygenators Market Forecast 2021-2028
Published By :Inkwood Research
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