Global Extracorporeal Membrane Oxygenation Machine Market to Grow at 5.6% During 2024-2032, Spurred by Growing Geriatric Population

July 30, 2021 | Healthcare

According to the latest report by IMARC Group, titled "Extracorporeal Membrane Oxygenation Machine Market Report by Component (Pumps, Oxygenator, Controllers, Cannula, Accessories), Modality (Veno-Arterial, Veno-Venous, Arterio-Venous), Patient Type (Neonates, Pediatric, Adult), Application (Respiratory, Cardiac, ECPR), and Region 2024-2032," the global extracorporeal membrane oxygenation machine market is expected to grow at a CAGR of 5.6% during 2024-2032. Extracorporeal membrane oxygenation (ECMO) machine offers prolonged cardiac and respiratory support to patients during transplant surgeries. This miniaturized heart-lung equipment is used for draining the blood for oxygenating red blood cells (RBCs), removing carbon dioxide from the patient’s body and then pumping to circulate blood via an artificial lung back into the bloodstream of the individual. Apart from this, these devices can also be utilized in late-stage treatments or post-cardiopulmonary bypass with heart or lung failure.

Global Extracorporeal Membrane Oxygenation Machine Market Trends:

The global market is majorly driven by the rising prevalence of respiratory and cardiovascular disorders. This is also supported by the growing geriatric population across the globe that is more prone to develop such medical conditions. Since ECMO is widely used for individuals suffering from respiratory or cardiac failure as a result of trauma, congenital disabilities or severe infections, this is providing a boost to the market growth. The market is further driven by the continual integration of ECMO devices with advanced technologies. For instance, the advent of polymethyl pentene (PMP) fiber-based artificial membranes with enhanced biocompatibility and low resistance is gaining widespread prominence across healthcare settings. Some of the other factors contributing to the market growth include the launch of portable product variants, increasing healthcare expenditure capacity, and extensive research and development (R&D) activities conducted by key players to introduce ECMO devices with convenient oxygenation of the blood.

Market Summary:

  • On the basis of the component, the market has been divided into pumps, oxygenator, controllers, cannula and accessories.
  • Based on the modality, the market has been classified into veno-arterial, veno-venous, and arterio-venous.
  • On the basis of the patient type, the market has been categorized into neonates, pediatric and adult.
  • Based on the application, the market has been segmented into respiratory, cardiac and ECPR.
  • On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Abbott Laboratories, ALung Technologies Inc., Braile Biomedical, Eurosets, LivaNova PLC, Medtronic, MicroPort Scientific Corporation, Nipro Medical Corporation, Origen Biomedical, Inc., Terumo Corporation and Xenios AG.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Component, Modality, Patient Type, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Abbott Laboratories, ALung Technologies Inc., Braile Biomedical, Eurosets, LivaNova PLC, Medtronic, MicroPort Scientific Corporation, Nipro Medical Corporation, Origen Biomedical, Inc., Terumo Corporation and Xenios AG
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
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Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Extracorporeal Membrane Oxygenation Machine Market to Grow at 5.6% During 2024-2032, Spurred by Growing Geriatric Population
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