Global Extracorporeal Membrane Oxygenation Machine
Market Report
2024
As per the latest report of Cognative Market Research, The Extracorporeal Membrane Oxygenation Machine (ECMO) Market was valued at USD 557.01 million in 2022 and will reach 810.50 USD million by 2030, registering a CAGR of 4.8% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per the latest report of Cognitive Market Research, The Extracorporeal Membrane Oxygenation Machine (ECMO) Market was valued at USD 557.01 million in 2022 and will reach 810.50 USD million by 2030, registering a CAGR of 4.8% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Extracorporeal Membrane Oxygenation Machine Market Sales Revenue 2022 | $ 557.01 Billion |
Global Extracorporeal Membrane Oxygenation Machine Market Sales Revenue 2030 | $ 810.5 Billion |
Global Extracorporeal Membrane Oxygenation Machine Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.8% |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Extracorporeal Membrane Oxygenation Machine Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Extracorporeal Membrane Oxygenation Machine (ECMO) is also called extracorporeal life support. It is an artificial support that helps a person with improper lung function. This machine continuously pumps blood out of the body and then sends it back to the machine. The machine adds back oxygen and removes carbon dioxide. ECMO machine comprises of pump, blender, oxygenator, and cannulas for the oxygenation of blood. The rising number of respiratory and cardiovascular diseases has increased the adoption of ECMO machines.
There is a drastic increase in the number of lung transplants due to prevailing diseases like cystic fibrosis, chronic obstructive pulmonary disease (COPD), and interstitial lung disease. For many years, the adoption of ECMO machines in the lung transplantation process has significantly increased due to an increase in the number of severe lung diseases. In the post-lung transplantation hours, there is the rise of a lung injury called, Primary Graft Dysfunction (PGD). This rise in PGD is the most common indication for the use of ECMO machines. The rising technologies in the ECO machines have shown positive outcomes in the therapy for patients suffering from PGD. Therefore, the increasing number of lung diseases and their transplant increases the use of ECMO machines and thereby, driving its market growth.
The extracorporeal membrane oxygenation machine therapy is quite expensive. The total costs of the ECMO therapy include the cost of a stay at the hospital, and the cost of additional disposable accessories. ECMO therapy requires highly skilled professionals for the patient care and treatment of lung diseases. These standards of maintaining the quality of patient care and their treatment by skilled physicians add to the cost and it differs upon the amount of time the machine is used. Additionally, the increasing technologies in the ECMO machines can lead to an increase in its cost. Thus, they are not affordable in developing countries, which may indirectly impede the market growth of EMCO machines.
The extracorporeal membrane oxygenation machine (ECMO) market was beneficially impacted by the COVID-19 pandemic. ECMO machine was used to treat COVID-19-associated acute respiratory distress syndrome (ARDS)patients. As reported by, Extracorporeal Life Support Organization (ELSO), nearly 3,000 procedures were taken place during the pandemic with confirmed COVID-19 ARDS. Additionally, the developments in ECMO machine technology, like centrifugal pumps, dual lumen cannula, and improved oxygenators, as well as widely improved staff training drove its market growth due to the pandemic. Globally, during the spread of COVID-19, ECMO machines were hugely recognized as a way to increase the survival of patients suffering from cardiac and respiratory diseases. Therefore, an increased number of patients with COVID-19-associated ARDS boosted the growth of the ECMO machine market globally.
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LivaNova PLC Acquired Alung Technologies, Inc.
Alung Technologies, Inc., a leading provider of low-flow extracorporeal carbon dioxide removal (ECCO2R) technology that treated patients with acute respiratory failure. they have been acquired by LivaNova, medical products manufacturer company in London. After this acquisition, they came up with an all-in-one system that provided minimally invasive, low-flow ECCO2R.
Inspira technologies introduced the next-generation Liby system, an ECMO system.
The Liby system was an advanced form of life supporter. It was used to treat patients with life-threatening heart and lung failure. This system targeted the $531 million global ECMO market.
Top Companies Market Share in Extracorporeal Membrane Oxygenation Machine Industry: (In no particular order of Rank)
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Globally, the Extracorporeal Membrane Oxygenation Machine (ECMO) Market based on region is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American region is projected to have the largest market share due to the substantial patient base suffering from cardiopulmonary disorders and respiratory failure. For instance, as reported by the Centers for Disease Control and Prevention (CDC), 659,000 people in the United States lose their lives due to heart disease, annually. Additionally, about 805,000 people in the U.S. have cardiac arrests. The need for ECMO machines in this region is also increased because of the increasing adoption of advanced technologies and sedentary lifestyles. Thus, resulting in chronic diseases such as cardiac and respiratory diseases. The regional growth is further enhanced by well-developed healthcare infrastructure and a rising number of geriatric patients. Therefore, propelling the growth of the ECMO machine market.
The current report Scope analyzes Extracorporeal Membrane Oxygenation Machine Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Extracorporeal Membrane Oxygenation Machine Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Extracorporeal Membrane Oxygenation Machine Industry growth. Extracorporeal Membrane Oxygenation Machine market has been segmented with the help of its Type, Application , and others. Extracorporeal Membrane Oxygenation Machine market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on type, the ECMO machine market is segmented into veno-venous, veno-arterial, and arterio-venous. The veno-arterial segment is expected to hold the largest market share due to its high reliability and effectiveness in the exchange of gases. It has a wide application in cardiac arrest patients and is assisted with algorithmic life support technologies for increased blood flow. Veno-arterial ECMO machine is also used in the treatment of patients with thromboembolism and pulmonary hypertension. Therefore, such increasing applications in the cardiovascular segment drive the market growth of ECMO machines.
• Veno-Venous
• Veno-Arterial
• Arterio-Venous
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Extracorporeal Membrane Oxygenation Machine Industry. Request a Free Sample PDF!
Based on application, the ECMO machine market is segmented into cardiac application, respiratory application, and extracorporeal cardiopulmonary resuscitation. The respiratory segment is estimated to gain the largest market share due to the rise in the prevalence of chronic diseases, and increasing unhealthy habits like smoking, and excessive alcohol consumption which leads to respiratory failure. These rising incidences require early diagnosis and diagnostic imaging. Respiratory ECMO machines are also used in the treatment of respiratory distress syndrome, pneumonia, and congenital diaphragmatic hernia (CDH). Thus, increasing demand for respiratory ECMO machines in rising chronic diseases boosts its market growth.
• Cardiac application
• Respiratory application
• Extracorporeal Cardiopulmonary Resuscitation
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Extracorporeal Membrane Oxygenation Machine market report 2024 Edition by contacting our team.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
I played a pivotal role in conducting market research and competitive analysis. I have a demonstrated ability to synthesize diverse data sources, identify trends, and translate findings into actionable recommendations. My collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization. I am committed to maintaining excellence through continuous learning and staying ahead of industry trends. Regular participation in conferences and professional development opportunities keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Extracorporeal Membrane Oxygenation Machine Market is witnessing significant growth in the near future.
In 2023, the Veno-Venous segment accounted for noticeable share of global Extracorporeal Membrane Oxygenation Machine Market and is projected to experience significant growth in the near future.
The Cardiac application segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Livanova Plc , LivaNova (Alung Technologies Inc.) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Type | Veno-Venous, Veno-Arterial, Arterio-Venous |
Application | Cardiac application, Respiratory application, Extracorporeal Cardiopulmonary Resuscitation |
List of Competitors | Livanova Plc, Medtronic PLC, LivaNova (Alung Technologies Inc.), Nipro Medical Corporation, Microport Scientific Corporation, Eurosets, Abbott Laboratories, Getinge AB, Fresenius Medical Care Company, Terumo Medical Corporation |
This chapter will help you gain GLOBAL Market Analysis of Extracorporeal Membrane Oxygenation Machine. Further deep in this chapter, you will be able to review Global Extracorporeal Membrane Oxygenation Machine Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Extracorporeal Membrane Oxygenation Machine Market Trends North America Extracorporeal Membrane Oxygenation Machine Technological Road Map North America Extracorporeal Membrane Oxygenation Machine Market Drivers North America Extracorporeal Membrane Oxygenation Machine Market Restraints North America Extracorporeal Membrane Oxygenation Machine Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Extracorporeal Membrane Oxygenation Machine market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Veno-Venous have a significant impact on Extracorporeal Membrane Oxygenation Machine market? |
What are the key factors affecting the Veno-Venous and Veno-Arterial of Extracorporeal Membrane Oxygenation Machine Market? |
What is the CAGR/Growth Rate of Cardiac application during the forecast period? |
By type, which segment accounted for largest share of the global Extracorporeal Membrane Oxygenation Machine Market? |
Which region is expected to dominate the global Extracorporeal Membrane Oxygenation Machine Market within the forecast period? |
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