Artificial Lung Market: Global Industry Analysis and Forecast (2023-2029)


Artificial Lung Market is expected to reach US$ 5.16 Bn. at a CAGR of 12.78 during the forecast period 2029.

Artificial Lung Market Overview:

An Artificial Lung is a prosthetic device that provides oxygenation of blood and removal of carbon dioxide from the blood. It is intended to take over some of the functionality of biological lungs. An artificial lung must be able to sustain the gas exchange requirements of a normal functioning lung.

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Artificial Lung Market Dynamics:

Rising prevalence of Chronic Obstructive Pulmonary Diseases propels the global Artificial Lung market.

Chronic obstructive pulmonary diseases (COPD), represent the fourth leading cause of death worldwide. The increasing rates of tobacco smoking and exposure to air pollutants will further raise the number of COPD patients thus creating an urgent need for new therapeutic strategies. The need for a lung transplants is also rising. About 2,000 people receive a lung transplant each year in the U.S. these factors tend to drive the market for artificial lung during the forecast period. Persistent efforts from researchers and scientists for developing and improving artificial lung, which can be used at a larger scale and greater ease contribute to the market growth.

According to the news released on April 4, 2020, by ALung Technologies, Inc., the leading provider of low-flow extracorporeal carbon dioxide removal (ECCO2R) technologies for treating patients with acute respiratory failure, announced the recent initiation of commercial development of its next-generation artificial lung, which expands the focus on highly efficient gas exchange devices and also broadens It's an applicable market. The next generation Hemolung RAS is based upon intellectual property recently licensed to ALung from the University of Pittsburgh.
The report has profiled key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed.

Artificial Lung Market Segment Analysis:

The global Artificial Lung market is segmented based on the product type and end-users.

Based on the Product Type, segment is divided into Bubble Artificial Lung and Membrane Artificial Lung. The Membrane Artificial Lung is used most prominently. Membrane artificial lung is expected to hold the largest market share. Bubble Artificial Lung was used earlier and are now being increasingly replaced by membrane Artificial Lung due to the technological advancements in the devices. Membrane Artificial Lung has the advantage of reducing the damage and thrombosis that is seen in bubble Artificial Lung. This is expected to further boost the market. In April 2020, an Indian firm, Genrich Membranes, which is being funded by the Department of Science and Technology (DST), India developed membrane Artificial Lung equipment for the treatment of COVID-19 patients. Hence, the demand for these devices is rising.

Artificial Lung Market

Artificial Lung Market Regional Insights:


North America is expected to dominate the global market throughout forecast period.

The major factors attributing to the growth are rise in the global prevalence of multiple acute respiratory disorders such as acute respiratory distress syndrome (ARDS), due to a rise in chronic diseases, such as diabetes and obesity, which creates the necessity for the cardiopulmonary bypass procedures and thus, rise in demand for Artificial Lung. Also, the prevalence of lung disorders due to frequently smoking and increased air pollution act as key driver for market growth. According to the data published by the American Lung Association, in 2018, 9.0 million adults of ages 18 or older, had chronic bronchitis.

APAC market is estimated to grow at a significant pace during forecast period.

The major factors driving the growth of the market in the Asia region is due to the increasing prevalence of respiratory disorders such as chronic obstructive pulmonary disease (COPD), TB, Asthma, and Sleep Apnea, technological advancements, increasing applications in-home care setting and increasing geriatric population. Furthermore, the technological advances, increasing portability, and ease of operation of devices along with that awareness programs in Asia such as the "Healthy Lung Programme" which is expected to show significant growth over the forecast period.
The report also helps in understanding Global Artificial Lung Market dynamics, structure by analyzing the market segments and project the Global Artificial Lung Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Artificial Lung Market make the report investor’s guide.

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Artificial Lung Market




Report Coverage
Details




Base Year:
2022
Forecast Period:
2023-2029




Historical Data:
2017 to 2022
Market Size in 2022:
US $ 2.22 Bn.




Forecast Period 2023 to 2029 CAGR:
12.78%
Market Size in 2029:
US $ 5.16 Bn.




 Segments Covered:
by Product
•Bubble Artificial Lung
•Membrane Artificial Lung




by End-Users
•Hospital
•Emergency Center
•Other




by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)






Key players operating in Artificial Lung Market:

• ALung Technologies
• Breethe
• Haemair
• Lung Biotechnology PBC
• McGowan Institute for Regenerative Medicine
• MedArray
• Michigan Critical Care Consultants
• Miromatrix Medical
• The Charles Stark Draper Laboratory
• Xenios

Frequently Asked Questions:

1. Which region has the largest share in Global Artificial Lung Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Artificial Lung Market?
Ans: The Global Artificial Lung Market is growing at a CAGR of 12.78% during forecasting period 2023-2029.

3. What is scope of the Global Artificial Lung Market report?
Ans: Global Artificial Lung Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Artificial Lung Market?
Ans: The important key players in the Global Artificial Lung Market are – ALung Technologies, Breethe, Haemair, Lung Biotechnology PBC, McGowan Institute for Regenerative Medicine, MedArray, Michigan Critical Care Consultants, Miromatrix Medical, The Charles Stark Draper Laboratory, and Xenios

5. What is the study period of this Market?
Ans: The Global Artificial Lung Market is studied from 2022 to 2029. 




Table of Content
1. Preface
1.1. Market Definition and Key Research Objectives
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Global Artificial Lung Market Size, by Market Value (US$ Mn)
3.1. Global Market Segmentation
3.2. Global Market Segmentation Share Analysis, 2019
3.2.1. Global
3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
3.3. Geographical Snapshot of the Artificial Lung Market
3.4. Geographical Snapshot of the Artificial Lung Market, By Manufacturer share
4. Global Artificial Lung Market Overview, 2022-2029
4.1. Market Dynamics
4.1.1. Drivers
4.1.1.1. Global
4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.2. Restraints
4.1.2.1. Global
4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.3. Opportunities
4.1.3.1. Global
4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.4. Challenges
4.1.4.1. Global
4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.5. Industry Trends and Emerging Technologies
4.1.6. Porters Five Forces Analysis
4.1.6.1. Threat of New Entrants
4.1.6.2. Bargaining Power of Buyers/Consumers
4.1.6.3. Bargaining Power of Suppliers
4.1.6.4. Threat of Substitute Products
4.1.6.5. Intensity of Competitive Rivalry
4.1.7. Value Chain Analysis
4.1.8. Technological Roadmap
4.1.9. Regulatory landscape
4.1.10. Impact of the Covid-19 Pandemic on the Global Artificial Lung Market
5. Supply Side and Demand Side Indicators
6. Global Artificial Lung Market Analysis and Forecast, 2022-2029
6.1. Global Artificial Lung Market Size & Y-o-Y Growth Analysis.
7. Global Artificial Lung Market Analysis and Forecasts, 2022-2029
7.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
7.1.1. Bubble Artificial Lung
7.1.2. Membrane Artificial Lung
7.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
7.2.1. Hospital
7.2.2. Emergency Center
7.2.3. Other
8. Global Artificial Lung Market Analysis and Forecasts, By Region
8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029
8.1.1. North America
8.1.2. Europe
8.1.3. Asia-Pacific
8.1.4. Middle East & Africa
8.1.5. South America
9. North America Artificial Lung Market Analysis and Forecasts, 2022-2029
9.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
9.1.1. Bubble Artificial Lung
9.1.2. Membrane Artificial Lung
9.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
9.2.1. Hospital
9.2.2. Emergency Center
9.2.3. Other
10. North America Artificial Lung Market Analysis and Forecasts, By Country
10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029
10.1.1. US
10.1.2. Canada
10.1.3. Mexico
11. U.S. Artificial Lung Market Analysis and Forecasts, 2022-2029
11.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
11.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
12. Canada Artificial Lung Market Analysis and Forecasts, 2022-2029
12.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
12.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
13. Mexico Artificial Lung Market Analysis and Forecasts, 2022-2029
13.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
13.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
14. Europe Artificial Lung Market Analysis and Forecasts, 2022-2029
14.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
14.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
15. Europe Artificial Lung Market Analysis and Forecasts, By Country
15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029
15.1.1. U.K
15.1.2. France
15.1.3. Germany
15.1.4. Italy
15.1.5. Spain
15.1.6. Sweden
15.1.7. CIS Countries
15.1.8. Rest of Europe
16. U.K. Artificial Lung Market Analysis and Forecasts, 2022-2029
16.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
16.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
17. France Artificial Lung Market Analysis and Forecasts, 2022-2029
17.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
17.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
18. Germany Artificial Lung Market Analysis and Forecasts, 2022-2029
18.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
18.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
19. Italy Artificial Lung Market Analysis and Forecasts, 2022-2029
19.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
19.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
20. Spain Artificial Lung Market Analysis and Forecasts, 2022-2029
20.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
20.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
21. Sweden Artificial Lung Market Analysis and Forecasts, 2022-2029
21.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
21.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
22. CIS Countries Artificial Lung Market Analysis and Forecasts, 2022-2029
22.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
22.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
23. Rest of Europe Artificial Lung Market Analysis and Forecasts, 2022-2029
23.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
23.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
24. Asia Pacific Artificial Lung Market Analysis and Forecasts, 2022-2029
24.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
24.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
25. Asia Pacific Artificial Lung Market Analysis and Forecasts, by Country
25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029
25.1.1. China
25.1.2. India
25.1.3. Japan
25.1.4. South Korea
25.1.5. Australia
25.1.6. ASEAN
25.1.7. Rest of Asia Pacific
26. China Artificial Lung Market Analysis and Forecasts, 2022-2029
26.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
26.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
27. India Artificial Lung Market Analysis and Forecasts, 2022-2029
27.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
27.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
28. Japan Artificial Lung Market Analysis and Forecasts, 2022-2029
28.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
28.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
29. South Korea Artificial Lung Market Analysis and Forecasts, 2022-2029
29.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
29.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
30. Australia Artificial Lung Market Analysis and Forecasts, 2022-2029
30.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
30.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
31. ASEAN Artificial Lung Market Analysis and Forecasts, 2022-2029
31.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
31.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
32. Rest of Asia Pacific Artificial Lung Market Analysis and Forecasts, 2022-2029
32.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
32.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
33. Middle East Africa Artificial Lung Market Analysis and Forecasts, 2022-2029
33.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
33.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
34. Middle East Africa Artificial Lung Market Analysis and Forecasts, by Country
34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029
34.1.1. South Africa
34.1.2. GCC Countries
34.1.3. Egypt
34.1.4. Nigeria
34.1.5. Rest of ME&A
35. South Africa Artificial Lung Market Analysis and Forecasts, 2022-2029
35.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
35.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
36. GCC Countries Artificial Lung Market Analysis and Forecasts, 2022-2029
36.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
36.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
37. Egypt Artificial Lung Market Analysis and Forecasts, 2022-2029
37.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
37.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
38. Nigeria Artificial Lung Market Analysis and Forecasts, 2022-2029
38.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
38.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
39. Rest of ME&A Artificial Lung Market Analysis and Forecasts, 2022-2029
39.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
39.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
40. South America Artificial Lung Market Analysis and Forecasts, 2022-2029
40.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
40.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
41. South America Artificial Lung Market Analysis and Forecasts, by Country
41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029
41.1.1. Brazil
41.1.2. Argentina
41.1.3. Rest of South America
42. Brazil Artificial Lung Market Analysis and Forecasts, 2022-2029
42.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
42.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
43. Argentina Artificial Lung Market Analysis and Forecasts, 2022-2029
43.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
43.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
44. Rest of South America Artificial Lung Market Analysis and Forecasts, 2022-2029
44.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029
44.2. Market Size (Value) Estimates & Forecast By End-Users, 2022-2029
45. Competitive Landscape
45.1. Geographic Footprint of Major Players in the Global Artificial Lung Market
45.2. Competition Matrix
45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment
45.2.2. New Product Launches and Product Enhancements
45.2.3. Market Consolidation
45.2.3.1. M&A by Regions, Investment and Applications
45.2.3.2. M&A Key Players, Forward Integration and Backward
Integration
45.3. Company Profile - ALung Technologies
45.3.1. Company Overview
45.3.2. Financial Overview
45.3.3. Geographic Footprint
45.3.4. Product Portfolio
45.3.5. Business Strategy
45.3.6. Recent Developments
45.4. Breethe
45.5. Haemair
45.6. Lung Biotechnology PBC
45.7. McGowan Institute for Regenerative Medicine
45.8. MedArray
45.9. Michigan Critical Care Consultants
45.10. Miromatrix Medical
45.11. The Charles Stark Draper Laboratory
45.12. Xenios
46. Primary Key Insights
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