The global extracorporeal membrane oxygenation machine market size is expected to reach USD 445.7 million by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 5.4% during the forecast period. The market is primarily driven by the increasing incidence of cardiopulmonary & respiratory diseases and technological advancements in the field of ECMO procedures. Cardiovascular disease is one of the leading causes of death globally.
Extracorporeal Membrane Oxygenation Machine Market Report Highlights
- North America accounted for the largest share in 2022 owing to favorable reimbursement policies, the presence of key players, and government initiatives
- By component, the oxygenators segment accounted for the largest market size owing to its high cost and usage
- By modality, the veno-arterial segment accounted for the largest market size and is also expected to grow at the fastest rate during the forecast period
- By patient type, the adult segment is growing at a rapid pace during the forecast period owing to the rising incidence of cardiac and pulmonary diseases
- By application, the respiratory segment held the largest market size in 2022 and is also expected to grow at the fastest rate
- Major players in the market are focusing on technological collaboration and product launches
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According to the WHO, 17.9 million people died from cardiovascular diseases in 2019 In addition, according to the Extracorporeal Life Support Organization, a total of 45,035 patients globally suffered from respiratory illnesses in 2016. Furthermore, increasing awareness about ECMO procedures coupled with various government initiatives is further propelling the growth.
The increasing survival rate of ECMO machine-supported surgery for cardiac and respiratory patients is also augmenting the market growth. Applications of ECMO machine procedures have increased over the years. ECMO machine was traditionally used in cases of circulatory or respiratory failure, its applications have expanded to use as rescue therapy for post-organ transplantation and sepsis and in cases of heart failure.
The ECMO machine use has been rising gradually worldwide, owing to its benefits such as artificial lungs for the patients and growing awareness about its use. Moreover, increasing healthcare expenditure by government and private agencies to improve healthcare facilities is also aiding in the market's growth. According to the American Heart Association, medical expenditure related to CVDs is expected to reach USD 960 billion by 2030 from USD 320 billion in 2011.
Analysis By Component
The large market size of oxygenator is primarily attributed to its high cost and acute exchange rate for different system. The exchange rate of oxygenator is mainly due to mechanical failure, pump head thrombosis, and acute oxygenator thrombosis. The pumps in ECMO machines help pump blood from a patient to artificial lungs that send the blood back to the patient after oxygenation. The growth of the segment is primarily attributed to its high usage of pumps in ECMO procedures and availability of various types of pumps such as roller, impeller, and centrifugal. These pumps are used in various applications of ECMO procedures according to their need.
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Analysis By Modality
The largest size of the Veno-arterial segment is primarily attributed to its high usage in treating patients with cardiac arrest, assisting with algorithm life support strategies to restore blood circulation. The primary function of the veno-venous ECMO (VV ECMO) circuit is to ease the process of exchange of oxygen and carbon dioxide. Thus, it’s a major application in cases where lung support is needed. The key drivers of the market are the increasing incidence of chronic obstruction pulmonary disease.
Analysis By Patient Type
Consumption of alcohol, tobacco, and smoking coupled with a sedentary lifestyle are increasing the global burden of cardiac and respiratory diseases in adults and is also expected to grow at the fastest rate during the forecast period. Pediatric segment also accounted for a considerable market share and is expected to grow at a robust pace during the period.
Analysis By Application
Respiratory segment accounted for the largest market share. The cardiac surgery segment also accounted for a considerable market share owing to the increasing incidence of cardiac surgery and rising awareness about ECMO machines in cardiac surgery. Moreover, increasing the cost of ECMO procedures, especially in cardiac surgery is expected to drive the market.
Market Latest Trends and Developments
Major players are focused on technological collaboration and product launches. For instance, in January 2019, Terumo Cardiovascular Systems Corporation introduces its smallest, lowest prime volume, full-size adult Oxygenator, the Capiox NX19 with Ultraprime technology. The significant features of this device are minimized inflammatory response and high efficiency in microemboli removal. Thus, such launches deliver better performance and support market growth.
List of Major Companies in the Extracorporeal Membrane Oxygenation Machine Market
- Medtronic plc
- Sorin Group
- Terumo Cardiovascular Systems Corporation
- MAQUET Holding B.V. & Co. KG
- Medos Medizintechnik AG
- Nipro Medical Corporation
- Microport Scientific Corporation
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Segmented the global ECMO machine market based on component, modality, patient type, and application.
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Component
1.1.2. Modality
1.1.3. Patient Type
1.1.4. By Application
1.1.5. Country scope
1.1.6. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. GVR’s internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.4.1. Data analysis models
1.5. Market Formulation & Validation
1.6. Model Details
1.6.1. Commodity flow analysis (Model 1)
1.6.1.1. Approach 1: Commodity flow approach
1.6.2. Volume price analysis (Model 2)
1.6.2.1. Approach 2: Volume price analysis
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Component outlook
2.2.2. Modality outlook
2.2.3. Patient type outlook
2.2.4. Application outlook
2.2.5. Regional outlook
2.3. Competitive Insights
Chapter 3. ECMO Machine Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Reimbursement framework
3.4. Market Dynamics
3.4.1. Market driver analysis
3.4.1.1. Rising prevalence of cardiopulmonary and respiratory diseases
3.4.1.2. Increasing adoption of ECMO machines in hospitals
3.4.1.3. Technological advancement in ECMO machines
3.4.1.4. Growing awareness towards the application of ECMO
3.4.2. Market restraint analysis
3.4.2.1. High cost of procedures
3.4.2.2. Risk of complications during ECMO procedures
3.4.2.3. Presence of conventional technique
3.4.3. Industry challenges
3.5. ECMO Machine Market Analysis Tools
3.5.1. Industry analysis - Porter’s
3.5.1.1. Supplier power
3.5.1.2. Buyer power
3.5.1.3. Substitution threat
3.5.1.4. Threat of new entrant
3.5.1.5. Competitive rivalry
3.5.2. PESTEL analysis
3.5.2.1. Political landscape
3.5.2.2. Technological landscape
3.5.2.3. Economic landscape
3.5.3. Major deals & strategic alliances analysis
Chapter 4. ECMO Machine Market by Component Estimates & Trend Analysis
4.1. Definitions and Scope
4.1.1. Pumps
4.1.2. Oxygenator
4.1.3. Controllers
4.1.4. Cannula
4.1.5. Accessories
4.2. Product Market Share, 2022 & 2030
4.3. Segment Dashboard
4.4. Global ECMO Machine Market by Component Outlook
4.4.1. Pumps
4.4.1.1. Pump market estimates and forecast, 2018 - 2030 (USD Million)
4.4.2. Oxygenator
4.4.2.1. Oxygenator market estimates and forecast, 2018 - 2030 (USD Million)
4.4.3. Controllers
4.4.3.1. Controllers market estimates and forecast, 2018 - 2030 (USD Million)
4.4.4. Cannula
4.4.4.1. Cannula market estimates and forecast, 2018 - 2030 (USD Million)
4.4.5. Accessories
4.4.5.1. Accessories market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 5. ECMO Machine Market: By Modality Estimates & Trend Analysis
5.1. Definitions and Scope
5.1.1. Veno-Arterial
5.1.2. Veno-Venous
5.1.3. Arterio-Venous
5.2. By Modality Market Share, 2022 & 2030
5.3. Segment Dashboard
5.4. Global ECMO Machine Market by Modality Outlook
5.4.1. Veno-Arterial
5.4.1.1. Veno-Arterial market estimates and forecast, 2018 - 2030 (USD Million)
5.4.2. Veno-Venous
5.4.2.1. Veno-Venous market estimates and forecast, 2018 - 2030 (USD Million)
5.4.3. Arterio-Venous
5.4.3.1. Arterio-Venous market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 6. ECMO Machine Market: By Patient Type Estimates & Trend Analysis
6.1. Definitions and Scope
6.1.1. Neonates
6.1.2. Pediatric
6.1.3. Adult
6.2. Patient Type Market Share, 2022 & 2030
6.3. Segment Dashboard
6.4. Global ECMO machine market by Patient Type Outlook
6.4.1. Neonates
6.4.1.1. Neonates market estimates and forecast, 2018 - 2030 (USD Million)
6.4.2. Pediatric
6.4.2.1. Pediatric market estimates and forecast, 2018 - 2030 (USD Million)
6.4.3. Adult
6.4.3.1. Adult market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 7. ECMO machine Market: By Application Estimates & Trend Analysis
7.1. Definitions and Scope
7.1.1. Respiratory
7.1.2. Cardiac
7.1.3. ECPR
7.2. Application Market Share, 2022 & 2030
7.3. Segment Dashboard
7.4. Global ECMO machine Market by application Outlook
7.4.1. Respiratory
7.4.1.1. Respiratory market estimates and forecast, 2018 - 2030 (USD Million)
7.4.1.2. Respiratory market estimates and forecast, by patient type 2018 - 2030 (USD Million)
7.4.1.2.1. Neonates
7.4.1.2.2. Pediatric
7.4.1.2.3. Adult
7.4.2. Cardiac
7.4.2.1. Cardiac market estimates and forecast, 2018 - 2030 (USD Million)
7.4.2.2. Cardiac market estimates and forecast, by patient type 2018 - 2030 (USD Million)
7.4.2.2.1. Neonates
7.4.2.2.2. Pediatric
7.4.2.2.3. Adult
7.4.3. ECPR
7.4.3.1. ECPR market estimates and forecast, 2018 - 2030 (USD Million)
7.4.3.2. ECPR market estimates and forecast, by patient type 2018 - 2030 (USD Million)
7.4.3.2.1. Neonates
7.4.3.2.2. Pediatric
7.4.3.2.3. Adult
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Extracorporeal Membrane Oxygenation Machine Market Research Report: Information by Component (Pumps, Oxygenators, Cannula and others), Modality, Application and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Global Forecast till 2027Market HighlightsIt is estimated that the global extracorporeal membrane oxygenation machine market is expected to register a CAGR of 4.8 % during the forecast period of 2019 to 2025, with a market value of USD 267.60 million in 2018.Extracorporeal membrane oxygenation machine is also known as a life support machine.
The main function of extracorporeal membrane oxygenation machine is to provide enough oxygen to the body when heart and lung are not functioning properly.
However, the high cost of surgery and increasing side effect after the treatment is expected to curb the growth of the extracorporeal membrane oxygenation machine market.The global extracorporeal membrane oxygenation machine market is currently dominated by several market players.
The key players are involved in new product launches and strategic collaborations to strengthen its market position.Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/8119SegmentationThe 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 veno-arterial segment is expected to hold a major share in the market due to its widespread use in the treatment of cardiovascular collapse.
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 PlayersSome of the key players in the global extracorporeal membrane oxygenation machine market 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 AnalysisThe market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
Extracorporeal membrane oxygenation machine market has been registering increasing revenue as a result of several factors that include increasing use of ECMO machine for open heart surgeries or procedures that involve life threatening cardiovascular and respiratory diseases.
Increasing number of hospitals and other medical facilities have been reported to have ECMO machines.
They are designed to oxygenate blood outside the patient’s body and allows the heart and lungs to rest.
Some of the factors such as chances of bleeding, stroke, infection and kidney failure may hamper the growth of ECMO machine market.
However, in spite of risks, ECMO machines have been known to save lives and are an integral part of heart and lung bypass surgeries which will continue to add to ECMO machine market revenue by 2025.Segmentation:ECMO machine market divides the market on the basis of component, modality, application and region.ECMO machine consists of different components such as pumps, controllers, oxygenators, cannula and accessories.
Due to the expansive use of veno-arterial ECMO machines in case of cardiac collapse, veno-arterial modal segment of ECMO machine market is expected to hold a major market share while increasing cases of cardiac shock is expected to help in the fast growth of veno-venous modal segment in the coming years.ECMO machine market has several application segmentations which include respiratory, cardiac and extracorporeal cardiopulmonary resuscitation.
Industry InsightsThe global Extracorporeal Membrane Oxygenation (ECMO) market size was valued at USD 246.5 million in 2016 and is expected to grow at CAGR of 4.3% over the forecast period.
The major factors boosting growth are the rising incidences of Chronic Obstructive Pulmonary Disorder (COPD), and surging prevalence of cardiopulmonary diseases and respiratory failures.According to data recorded by the American Lung Association (ALA), in 2013, COPD was recorded to be the third largest cause of death across the U.S.
In addition, over 24.0 million individuals are estimated to remain undiagnosed in the U.S. and 11.0 million diagnosed for COPD.Also, the increasing adoption of unhealthy lifestyles, such as rise in the total tobacco consumption level among both, females and males and further development of lifestyle disorders are augmenting the incidence rate of COPD.
The segments are further segmented on the basis of who is using the set up into adult application, neonate and pediatric.
The segment dominating the market in 2015 with about 40.0% of the industry share is respiratory based ECMO.The increasing demand for the ECMO systems is majorly attributed to rising number of patients with chronic respiratory conditions like COPD, emphysema and chronic bronchitis combined with a trend of growing awareness about health disorders.
As per the U.S. National Center for Health Statistics, more than 8.7 million individuals suffered from chronic bronchitis and 3.4 million individuals suffered from emphysema in the year 2014.Regional InsightsThe major regions in this market are North America, Europe, Asia Pacific, Latin America and MEA.
