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Germany Oxygenators Market Forecast 2021-2026

KEY FINDINGS

The Germany oxygenators market is forecasted to grow with a CAGR of 5.28% over the estimated period. The country's market growth is facilitated by chief factors such as the increasing geriatric population, the rising incidence of cardiovascular and respiratory conditions, and the surging prevalence of unhealthy habits such as smoking. The base year considered for the market study is 2020 and the forecasting years are from 2021 to 2026.

MARKET INSIGHTS

As per an article published in 2018, the incidence of chronic obstructive pulmonary disease (COPD) ranges from 1.3% to 13.2%, anticipated to increase by 24% by the year 2030. Moreover, oxygenators are anticipated to display considerable progress in terms of the care of critically ill patients, capable of effectively declining the death rates. This aspect also plays a vital role in increasing the adoption of oxygenators in Germany.

On the other hand, according to the statistics issued by "Our World in Data," Germany experiences a clustered load of smoking. For instance, aligning with Robert Koch Institute's data, nearly 18.6% of women as well as 26.4% of men in the country were recorded to be smokers. As a result, the rising incidence of smoking is a significant burden in Germany, causing numerous cardiopulmonary diseases and thus, accelerating the demand for oxygenators. Therefore, these factors are set to propel the oxygenators market growth in the country during the forecasted period.

COMPETITIVE INSIGHTS

Some of the key companies operating in the market are Getinge AB, Eurosets, MicroPort Scientific Corporation, Medtronic PLC, etc.

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Germany Oxygenators Market Forecast 2021-2026
Published By :Inkwood Research
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