Extracorporeal Membrane Oxygenation Machine Market size is expected to reach USD 445.7 million by 2030

 Extracorporeal Membrane Oxygenation Machine Industry Overview

The global extracorporeal membrane oxygenation machine market was valued at USD 281.1 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.3% during the forecast period.

 

The key driver of the market is the rising incidence of cardiopulmonary diseases and respiratory failures. According to the Centers for Disease Control and Prevention (CDC), an individual dies every 37 seconds from cardiovascular disease in the U.S. Furthermore, chronic obstructive pulmonary disease (COPD) was among the leading cause of death in the U.S. in 2018. The increasing adoption rate of extracorporeal membrane oxygenation (ECMO) has stimulated technological advancement in these systems. The advancement includes the introduction of hollow pumps, oxygenators, and heparin coated cannula used in various applications in surgeries.

 

Gather more insights about the market drivers, restrains and growth of the Global Extracorporeal Membrane Oxygenation Machine Market

 

The increasing number of hospitals offering ECMO services and the rising number of awareness programs are some of the factors boosting the market growth. According to the Federal Agency of Health Research and Quality, there were 6890 ECMO procedures were performed in the U.S in 2014. Thereafter, the adoption of extracorporeal membrane oxygenation machine ECMO machines in hospitals has increased significantly. According to the Extracorporeal Life Support Organization (ELSO), the number of hospitals offering ECMO services reached 264 in 2019 up from 108 in 2008.

 

ECMO devices are being used in the treatment of serious COVID-19 patients. However, other applications of these devices, including heart procedures showed a sharp decline in 2020. Increasing awareness about ECMO procedures and technological advancement is further propelling the market growth. Many government organizations aimed to create awareness about ECMO Procedures. Initiatives such as Global Initiative for Chronic Obstructive Lung Disease (GOLD) aim at creating awareness about COPD along with its treatment, which includes the usage of ECMO devices.

 

Furthermore, the increasing adoption rate of ECMO machines is catalyzing technological advancement in these systems. The latest advancement includes oxygenators, hollow pumps, and heparin-coated cannula used for various applications in surgeries. In addition, recently developed ECMO machines are smaller in size, thus increasing their portability and applications. Portable adaptors and compact ECMO machine circuits have also been developed which help in the transportation of critically ill patients.

 

The increasing geriatric population coupled with the increasing incidence of coronary heart disease is boosting the adoption of ECMO machines. Coronary heart disease is strongly associated with age and is one of the leading causes of death worldwide. According to United Nations, the number of people aged 80 years, or more is projected to reach 426 million by 2050 from 143 million in 2019 globally. However, complications associated with ECMO machines such as infections, technical failure, bleeding, and high cost of treatment may hinder the market.

 

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Key Companies Profile

Some of the prominent players in the extracorporeal membrane oxygenation machine market include:

  • Medtronic plc
  • Sorin Group
  • Terumo Cardiovascular Systems Corporation
  • MAQUET Holding B.V. & Co. KG
  • Medos Medizintechnik AG
  • Nipro Medical Corporation
  • Microport Scientific Corporation

 

Order a free sample PDF of Extracorporeal Membrane Oxygenation Machine Market Intelligence Study, published by Grand View Research. 

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