Extracorporeal Membrane Oxygenation Machine Market

SKU: DMMD2218 | Last Updated On: Nov 01 2022 | Available Formats

>Extracorporeal Membrane Oxygenation Machine Market is expected to reach a high CAGR of 4.7% By 2029

Extracorporeal Membrane Oxygenation Machine Market is segmented By Modality Type (Veno-arterial, Veno-venous, Arterio-venous), By Application (Respiratory, Cardiac, Extracorporeal Cardiopulmonary Resuscitation), By Component (Pumps, Oxygenators, Controllers, Cannula, Accessories), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

Extracorporeal Membrane Oxygenation Machine Market Value Growth Insights

[180 Pages Report] Extracorporeal Membrane Oxygenation Machine Market size was valued at USD 553 million in 2022 and is estimated to reach USD 708 million by 2029, growing at a CAGR of 5.1% during the forecast period (2022-2029). An extracorporeal membrane oxygenation machine also known as a life support machine is used in the treatment of various heart and lung diseases. The main purpose of an extracorporeal membrane oxygenation machine is to provide enough oxygen to the body when the heart and lungs are not functioning properly. This machine is used worldwide for the treatment of lung cancer and chronic disorders.

Extracorporeal Membrane Oxygenation Machine Market study analysis offers an in-depth outlook on the market containing quantitative and qualitative data. It gives an outlook and forecast of the global market based on market segmentation. It also provides global Extracorporeal Membrane Oxygenation Machine Market size, and growth, along with the latest trends, opportunities, and forecast till 2029 for the global market with esteem to major countries such as the United States, Canada, Brazil, Germany, Italy, Spain, United Kingdom, Russia, European countries, United Arab Emirates, Saudi Arabia, South Africa, Japan, China, India, South Korea, Australia, and rest of the countries over the globe.

Among all regions, the North American region is expected to hold the largest share of the global market over the forecast period. The extracorporeal Membrane Oxygenation Machine Market in the United States and Canada produces the utmost share. Whereas the European Extracorporeal Membrane Oxygenation Machine Market is projected to continue its presence globally during the period of 2022- 2029.

Extracorporeal Membrane Oxygenation Market - Strategic Insights

Metrics

Details

Market CAGR

4.7%

Segments Covered

By Modality Type, By Application, By Component, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

To get a Free sample click here

Extracorporeal Membrane Oxygenation Machine Market Growth Dynamics

Rising prevalence rates of lung cancer, increasing geriatric population, and improvements in ECMO technology are the major factors driving the global extracorporeal membrane oxygenation machine market.

The increasing prevalence rates of lung cancer and the increasing geriatric population are expected to drive the growth of the market.

The extracorporeal membrane oxygenation machine market is driven by various factors such as rising prevalence rates of lung cancer, increasing geriatric population, and improvements in ECMO technology are expected to be other driving forces for the ECMO machine market.

The growth of the market can also be attributed to the rising number of ECMO centres, conferences, and training programs to increase awareness about the technology. Moreover, the availability of technologically advanced devices by key players is also expected to play a vital role in the growth of the market.

According to the WHO, chronic obstructive pulmonary disease (COPD) affects nearly 200 million people globally. Today, rising funding by government organizations for the treatment of chronic diseases will boost market growth.

For instance, in European Union the direct cost of COPD is around 6% of total health expenditure, accounting for nearly 56% of the total cost of respiratory diseases. Another, driving factor for the extracorporeal membrane oxygenation market is the high adoption rate of ECMO techniques for lung transplantation. Thus, increasing awareness about extracorporeal membrane oxygenation techniques among the patients and in hospitals will provide market players with better opportunities in the future. 

Adverse effects associated with some extracorporeal membrane oxygenation machine and high cost are expected to hamper the market growth.

The high cost of these machines and these therapies are the main factors responsible for the restraining of the market. This therapy takes a lot of time and many medical professionals team for observation and care of patient during the procedure this gradually increases the cost.

Industry Analysis

The global extracorporeal membrane oxygenation machine market provides in-depth analysis of the market based on various industry factors such as Porter’s Five Forces, Regulatory Analysis, Supply Chain Analysis, Pricing Analysis, Unmet Needs, Product Innovations.

Extracorporeal Membrane Oxygenation Machine MarketSegmentation Analysis

Application segment is expected to hold the largest market share in global Extracorporeal Membrane Oxygenation Machine market

Based on Modality, the global Extracorporeal Membrane Oxygenation Machine market is segmented into Veno-arterial (VA), Veno-venous (VV), and Arterio-venous (AV). These modalities are used to provide hemodynamic support and to facilitate gaseous exchange in patients with cardiac or respiratory failure.

Among these, Veno-venous (VV) segment is expected to account for the largest share of the market in 2019. The large share of this segment is mainly attributed to the high incidence of respiratory failure, rising lung transplants, and technological advancements.

According to the U.S. National Institute of Health (NIH), a combination of veno-venous and veno-arterial is used in specific cases, such as cardiogenic shock. The veno-arterial segment led the market in 2019.

Veno-arterial systems can be used for the treatment/management of decreased cardiac output and tissue hypoperfusion, which results in cardiogenic shock. This can act as a trigger for a myocardial infarction or chronic ischemia.

Based on Application, the global Extracorporeal Membrane Oxygenation Machine market is segmented into Respiratory, Cardiac, and Extracorporeal Cardiopulmonary Resuscitation (ECPR). The respiratory segment is expected to hold the major share in the market due to its crucial role in supporting pulmonary function and is projected to witness lucrative growth over the forecast period whereas the Increasing number of people suffering from chronic diseases such as obesity and diabetes, highly susceptible to suffer from cardiovascular conditions will drive the extracorporeal cardiopulmonary resuscitation (ECPR) market.

Based on Component, the global Extracorporeal Membrane Oxygenation Machine market is segmented into Pumps, Oxygenators, Controllers, Cannula, and Accessories.

Extracorporeal Membrane Oxygenation Machine Market Geographical Analysis

North America region holds the largest market share in the global extracorporeal membrane oxygenation machine market

North America is expected to account for the largest share of the global market in 2022, followed by Europe, Asia-Pacific, and the Rest of the World. The large share of North America is due to the well-developed primary, secondary, and tertiary care hospitals, reimbursement framework, favourable government funding, and higher awareness about the ECMO systems facilitating their adoption in hospitals.

On the other hand, Asia Pacific is expected to be the fastest-growing regional market over the forecast period. This can be attributed to the increasing prevalence of lung cancer in countries, such as China and India. According to National Cancer Centre (NCC), each year ~781,000 patients are diagnosed with lung cancer in China and is one of the leading causes of cancer deaths in the country.

Competitive Landscape

Some of the major manufacturers in the extracorporeal membrane oxygenation machine market are MAQUET Holding B. V. & Co. KG, Medtronic plc, LivaNova PLC. These companies together contributed XX% of the global market in 2019. The other players of the market are XENIOS AG, Terumo Corporation, MicroPort Scientific Corporation, NIPRO Corporation, OriGen Biomedical Inc, ALung Technologies Inc, and EUROSETS S.r.l.

The key players are adopting various growth strategies such as new product launches, mergers & acquisitions, partnerships, and collaborations which are contributing to the growth of the Extracorporeal Membrane Oxygenation Machine market globally. For instance,

  • Terumo Cardiovascular Systems Corporation has made refinements in existing technology while manufacturing CAPIOX FX Oxygenator.
  • Medtronic Plc designed Minimax Plus Oxygen System with functions such as venous aerosols and low arterial ports, integrated into the system to enhance security and performance for patients (neonates and children).

Global Extracorporeal Membrane Oxygenation Machine Market – Key Companies to Watch

Medtronic plc 

Overview: Medtronic plc is an American company that operates in U.S. and manufactures and markets medical device headquarters in Minneapolis, US. It is operational in around 140 countries and 90,000 people are employed there.

Product Portfolio:

NAUTILUS ECMO OXYGENATOR: This ECMO Oxygenator has a path of flowing that is transverse with circular profile. Transverse flow reduces the surface contact area as well as achieve lower blood side pressure drop. It is circular that removes the low flow and stasis that occur in corners.

Key Developments: In March 2020, Medtronic showed its portable ventilator design specifications, to speed up the global ventilator production.

The global extracorporeal membrane oxygenation machine market report would provide an access to an approx. 45+market data table, 40+figures and 180pages.

Frequently Asked Questions

What is the Projected CAGR value of the Extracorporeal Membrane Oxygenation Machine Market?

Extracorporeal Membrane Oxygenation Machine Market  is expected to grow at a CAGR of 4.7% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Extracorporeal Membrane Oxygenation Machine Market during 2022-2029.

Which is the fastest growing region in the Extracorporeal Membrane Oxygenation Machine Market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period.

Trending Topics

Oxygen Concentrators Market

Extracorporeal Membrane Oxygenation System Market

Oxygen Therapy Market

Did not find what you were looking for?Every 7 out of 10 customers request tailored reports. Get yours today!
We collate your requirements.
Our global research team is put into action.
We deliver, and make sure your endeavour is a success!

Buy This Report

20% Discount Applied*



Note*: For "Bundle/Bulk" Subscription of Reports,
please contact: [email protected]

Get your free sample proposal with a single click!

linkedinpinterest