Extracorporeal Membrane Oxygenation Machine Market Highlights
Amidst the array of medical equipment utilized in intensive care units, extracorporeal membrane oxygenation equipment stands out as a cornerstone of the ECMO Market. These specialized devices, comprising oxygenators, cannulas, and monitoring systems, are essential for delivering extracorporeal life support to critically ill patients. Within the ECMO Market, the availability of high-quality extracorporeal membrane oxygenation equipment is paramount, ensuring healthcare providers can deliver optimal care to patients in need. Whether it's providing respiratory support for neonates with respiratory distress syndrome or offering circulatory support for adults with cardiogenic shock, ECMO equipment plays a crucial role in saving lives and improving patient outcomes. As the demand for ECMO therapy continues to rise, fueled by an aging population and increasing prevalence of severe respiratory and cardiac conditions, the ECMO Market remains poised for growth, driving innovation and advancements in critical care medicine.
Extracorporeal Membrane Oxygenation Machine Market Size was valued at USD 0.59 Billion in 2023. The Global Extracorporeal Membrane Oxygenation Machine industry is projected to grow from USD 0.62 Billion in 2024 to USD 0.96 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.12% during the forecast period (2024 - 2032).
Segmentation
The global extracorporeal membrane oxygenation machine market has been segmented based on component, modality, and application.
The market, based on component, has been divided into pumps, oxygenators, controllers, cannula, and accessories. The oxygenators segment is likely to hold a major share in the market due to the increasing adoption of extracorporeal membrane oxygenation machine for cardiac treatments. The pumps segment is predicted to be the fastest-growing due to the increasing incidences of asthma.
The market on the basis of modality is further segmented into veno-arterial (VA), veno-venous (VV), and arterio-venous (AV). The veno-arterial segment is expected to hold a major share in the market due to its widespread use in the treatment of cardiovascular collapse. Whereas veno-venous segment is expected to be the fastest-growing due to its increasing use in cardiogenic shock.
The market on the basis of application is further 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 extracorporeal cardiopulmonary resuscitation segment is expected to be the fastest-growing due to the rising incidence of cardiac illness worldwide.
Key Players
Some of the key players mentioned in the extracorporeal membrane oxygenation machine market outlook report are Getinge Group, Medtronic, Livanova PLC, Abbott, Agilent Technologies, Siemens AG, Terumo Corporation, Fresenius Medical Care AG & Co. KGaA, Microport Scientific Corporation, Nipro Corporation, ALung Technologies, Inc., MAQUET Holding B.V. & Co. KG, Medos Medizintechnik AG, Terumo Cardiovascular Systems Corp, and Others.
Regional Analysis
The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The extracorporeal membrane oxygenation machine market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The European extracorporeal membrane oxygenation machine market has been sub-divided Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, UK, Italy, Spain, and the rest of Western Europe. The extracorporeal membrane oxygenation machine market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The extracorporeal membrane oxygenation machine market in the Middle East & Africa has been divided into the Middle East and Africa.
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