The global extracorporeal membrane oxygenation (ECMO) machine
market is experiencing growth due to the rise in the incidence of
chronic diseases especially cardiac disease, and increase in focus
of the key players toward innovative extracorporeal membrane
oxygenation (ECMO) machine technologies which are expected to drive
the growth of the market.
WILMINGTON, Del., Aug. 20,
2024 /PRNewswire/ -- Allied Market Research published
a report, titled, "Extracorporeal Membrane
Oxygenation Machine (ECMO) Market by Type (Veno-arterial,
Veno-venous and Others), Components (Pumps, Oxygenator, Controllers
and Others), and Application (Adult, Pediatric and Neonates):
Global Opportunity Analysis and Industry Forecast, 2024-2033".
According to the report, the extracorporeal membrane oxygenation
machine (ECMO) market was valued at $504.2
million in 2023, and is estimated to reach $793.7 million by 2033, growing at a CAGR of 4.6%
from 2024 to 2033.
Request Sample of the Report on Extracorporeal Membrane
Oxygenation Machine (ECMO) Market Forecast 2033 -
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Prime determinants of growth
The global extracorporeal membrane oxygenation (ECMO) machine
market is experiencing growth due to several factors such as an
increase in the prevalence of severe respiratory diseases,
including pneumonia, chronic obstructive pulmonary disease (COPD),
and acute respiratory distress syndrome (ARDS) . Modern life
support systems have become essential due to the rising incidence
of heart failure, myocardial infarction, and other cardiovascular
diseases. In addition, there are constant advancements in ECMO
technology, such as better pumps, sophisticated monitoring systems,
and oxygenators that are both biocompatible and efficient.
Furthermore, development of portable and compact ECMO machines that
can be used in various settings, including during patient transport
and in field hospitals are driving the market growth.
Report coverage & details:
Report
Coverage
|
Details
|
Forecast
Period
|
2024–2033
|
Base
Year
|
2023
|
Market Size in
2023
|
$504.23
million
|
Market Size in
2033
|
$793.60
million
|
CAGR
|
4.1 %
|
No. of Pages in
Report
|
280
|
Segments
Covered
|
Type, Component,
Application, and Region.
|
Drivers
|
Increasing prevalence
of cardiovascular and respiratory diseases.
|
|
Technological
advancements in ECMO
|
|
Growth in demand for
extracorporeal membrane oxygenation (ECMO) in lung
transplants.
|
Opportunities
|
Opportunities in
developing economies
|
Restraint
|
High cost of ECMO
procedures
|
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Segment Highlights
Increasing utilization of oxygenators
The oxygenator is a crucial component of Extracorporeal Membrane
Oxygenation (ECMO) machines, serving as an artificial lung to
facilitate gas exchange. Advances in design have resulted in
smaller, more portable oxygenators, facilitating easier transport
of ECMO patients within and between healthcare facilities without
interrupting life support. In addition, development for enhancing
the surface area and optimizing the flow dynamics within
oxygenators improve oxygen and carbon dioxide transfer rates,
crucial for patient stability during ECMO therapy.
Rise in adoption of Arterio-Venous machine
Arterio-Venous Extracorporeal Membrane Oxygenation (A-V ECMO)
machines provide several advantages in critical care, especially
for patients with severe cardiac and respiratory failure. A-V ECMO
can be simpler to implement than other types because it typically
doesn't require cannulation of both a major vein and artery. It
might be less invasive since other types involves arterial
cannulation, which can be more technically challenging and carries
higher risks of complications like limb ischemia.
Adult segment to dominate the market in 2033
The demand for extracorporeal membrane oxygenation (ECMO)
machine is expected to rise as adults are more likely to suffer
from severe respiratory conditions. In addition, the prevalence of
heart failure, myocardial infarction, and other cardiovascular
diseases is higher in the adult population, driving the demand for
ECMO as a life-saving intervention. The aging global population,
which is more susceptible to severe cardiopulmonary conditions,
significantly contributes to the demand for ECMO in the adult
segment. Moreover, the increasing geriatric population, is at
higher risk for diseases that necessitate ECMO support, such as
severe pneumonia, heart failure, and chronic respiratory
conditions.
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Regional Outlook
By region, North America held
the largest market share in the terms of revenue in 2023, the
global extracorporeal membrane oxygenation (ECMO) machine market
revenue, and is likely to dominate the market during the forecast
period. This is attributed to its advanced technology
infrastructure, strong demand & availability of extracorporeal
membrane oxygenation (ECMO) machine, and availability of
well-developed healthcare facilities.
However, the Asia-Pacific
region is expected to witness rapid industrialization in countries
like China and India which has led to the establishment and
advancements and accessibility of such machines. A surge in the
geriatric population, increase in the prevalence of cardiac
diseases, and increase in healthcare expenditure are expected to
lead to the growth of the market. Significant investments in
healthcare infrastructure, especially in developing regions, are
leading to the establishment of advanced critical care units
equipped with ECMO machines, primarily serving adult
patients.
Key Players:
- Medtronic PLC
- Sorin Group
- Terumo Corporation
- MAQUET Holding
- Nipro Medical Corporation
- Microport Scientific Corporation
- Medos Medizintechnik AG
- Getinge AB
- Livanova PLC
- Fresnius Medical Care
The report provides a detailed analysis of these key players in
the global extracorporeal membrane oxygenation (ECMO) machine
market. These players have adopted different strategies such as new
product launches, collaborations, expansion, joint ventures,
agreements, and others to increase their market share and maintain
dominant shares in different regions. The report is valuable in
highlighting business performance, operating segments, product
portfolio, and strategic moves of market players to showcase the
competitive scenario.
Recent Developments
- In October 2021, Getinge launched
the Rotaflow II extracorporeal life support system.
The system, together with the Permanent Life Support (PLS)
Set, offers up to 14 days of cardiopulmonary support in a compact,
portable, safe, and reliable manner.
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