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...