In the ever-evolving landscape of medical technology, Extracorporeal Membrane Oxygenation Machine Market have emerged as a revolutionary tool in critical care. These life-support devices provide temporary respiratory and/or cardiac support to patients with severe lung or heart failure. The ECMO machine acts as an external lung or heart, oxygenating the blood and removing carbon dioxide, allowing the patient’s organs to rest and heal. The global market for ECMO machines is experiencing remarkable growth, driven by advancements in technology, increasing awareness, and rising incidences of respiratory and cardiac ailments.
Initially used primarily in pediatric cases, ECMO machines are now being used across all age groups, including neonates, children, and adults. Furthermore, their applications have expanded beyond cardiac and respiratory support to include ECMO-assisted organ transplant procedures and the treatment of acute respiratory distress syndrome (ARDS), COVID-19-related respiratory failure, and trauma-induced lung injuries.
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The extracorporeal membrane oxygenation machine market was valued at US$ 531 Million in 2021 and is anticipated to rise steadily from 2022 to 2032 at a CAGR of 5%, reaching US$ 908 Billion by the end of that year.
The ECMO machine market has witnessed significant growth in recent years and is expected to continue expanding at a rapid pace. Factors contributing to this growth include the increasing prevalence of respiratory and cardiac diseases, the growing aging population, and the rising demand for advanced life-support systems. Moreover, the ongoing research and development efforts in ECMO technology are expected to further enhance its capabilities and fuel market growth.
Key Takeaways:
- By application, high demand for early diagnosis and diagnostic imaging, and technological advancements in the extracorporeal membrane oxygenation machine market are expected to propel the respiratory segment to the top.
- The arterio-venous segment is likely to hold the majority of the market based on modality owing to the benefits associated with this technology segment, such as effective dynamic range, thereby boosting the ECMO systems market growth.
- Based on patient type, the adult segment is projected to lead the market as the global burden of cardiac and respiratory diseases in adults is rising due to increased consumption of alcohol, tobacco, smoking, and a sedentary lifestyle.
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North American market is anticipated to be at the forefront of the ECMO systems market because of the presence of key players and the rising number of product launches, government support for high-quality healthcare which is also considered to be a few crucial ECMO systems market trends and the rising prevalence of diseases in the United States and Canada, such as chronic obstructive pulmonary disease resulting in increased hospital admission favoured by reimbursement policies, is expected to boost the sales of ECMO systems in this region. asserts an FMI analyst.
Competitive Landscape:
Companies like Abbott Laboratories, Medtronic, Alung Technologies, and Terumo Corporation dominate the global market. Major global players produce the majority of ECMO support systems. Market leaders have established their position by investing more in research and having a better distribution system.
To stay competitive in the market, extracorporeal membrane oxygenation machines manufacturers are actively involved in product launches and technological innovation.
- ALung Technologies, Inc. has begun commercialization of its ground-breaking next-generation artificial lung. The device is based on University of Pittsburgh intellectual property licensed to ALung Technologies, Inc.
- Medtronic has released its artificial lung therapy for the treatment of COVID-19. An artificial pump that pumps blood from a person’s body to an oxygenator is called ECMO, and it also has an FDA-approved device for ECMO procedures lasting up to 6 hours.
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Key Segments By Product:
- ECMO Machines
- Portable Devices
- Static Devices
- Software
By Service Type:
- Application
- Middleware
- Infrastructure
By Component:
- Pumps
- Oxygenators
- Controllers
- Cannul
- Assessories
By Modality:
- Veno-Venous
- Veno-Arterials
- Arterio-Venous
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By Patient Type:
- Neonates
- Pediatrics
- Adults
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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