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The global Artificial Lung market size was valued at US$ 178.6 million in 2024 and is projected to reach US$ 312.4 million by 2030, at a CAGR of 9.8% during the forecast period 2024-2030.
The United States Artificial Lung market size was valued at US$ 68.3 million in 2024 and is projected to reach US$ 116.7 million by 2030, at a CAGR of 9.3% during the forecast period 2024-2030.
Artificial Lungs are medical devices designed to oxygenate blood and remove carbon dioxide, mimicking the function of natural lungs in patients with severe respiratory failure.
The global Artificial Lung market is experiencing rapid growth, driven by advances in extracorporeal membrane oxygenation (ECMO) technology and increasing cases of acute respiratory distress syndrome (ARDS). In 2023, total unit sales reached 12,500, with veno-venous ECMO systems accounting for 60% of market value. The portable artificial lung segment is the fastest-growing at 12.5% annually. The market saw a 30% increase in demand for long-term support devices in 2023, reflecting the growing use of artificial lungs as a bridge to lung transplantation. Polymethylpentene (PMP) fiber oxygenators dominate with an 85% market share, but next-generation biomimetic materials are gaining traction with a 20% year-over-year increase in research funding. North America leads with a 45% market share, while Asia Pacific is the fastest-growing region at 11.2% CAGR. The industry is focusing on developing more biocompatible surfaces to reduce thrombogenicity, with a 40% increase in R&D investments for heparin-free artificial lung systems.
Report Overview
An artificial lung (AL) is a prosthetic device that provides oxygenation of blood and removal of carbon dioxide from the blood. The AL is intended to take over some of the functionality of biological lungs.
Artificial Lung Market provides a deep insight into the global Artificial Lung market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Artificial Lung Market, Artificial Lung Market introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, Artificial Lung Market is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Artificial Lung market in any manner.
Global Artificial Lung Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Market Segmentation (by Type)
Market Segmentation (by Application)
Geographic Segmentation
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