The Global Extracorporeal Membrane Oxygenation Market Report by Global Insight Services is the single and trusted source of information for the Extracorporeal Membrane Oxygenation Market. This report provides an analysis of the market impact of the latest market disruptions such as the Russian-Ukraine War and Covid-19. The report provides a qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. The report includes in-depth segmentation and market size data by category, product type, application, and region. The report also includes a comprehensive analysis of recent events such as key issues, trends and drivers, restraints and challenges, competitive landscape, and M&A activity in the market..
Extracorporeal life support is another term for extracorporeal membrane oxygenation. It is a life-sustaining system that helps patients with severe respiratory failure by providing respiratory and cardiac support. Lung and heart diseases affect a large number of people in densely populated countries like China and India. This is expected to provide numerous opportunities for industry growth in these countries. According to the most recent data published by the World Health Organization in 2020, lung disease accounts for approximately 10% of all deaths in India. As a result of an increasing number of patients suffering from pulmonary disorders, advanced ECMO devices will become more widely used.
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Market Drivers and Trends
The rising awareness of the ECMO devices. Increasing patient awareness of the importance of cardiopulmonary assistance for severe cardiac and respiratory conditions will hasten ECMO therapy adoption. The introduction of patient education programs about the ECMO device and its use in emerging economies has resulted in an increase in demand. For example, the Latina Preventive Heart Disease program was launched in Latin America with the goal of raising awareness about advanced therapies and instruments for CVD diseases. Such initiatives aided the growth of the ECMO industry in this region.
Furthermore, Increase of survival rates by using ECMO. ECMO patient survival rates vary depending on the underlying condition and patient’s age. VV-ECMO is indicated for patients with potentially reversible respiratory failure. Patients with respiratory failure who receive VV-ECMO have a higher chance of survival. Because of their ability to support failing cardiovascular systems with oxygenation functions, ECMO machines are also used in cardiac applications. The above aforementioned factors can increase the market growth.
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Global Extracorporeal Membrane Oxygenation Market Segmental Overview
The report analyses the global Extracorporeal Membrane Oxygenation Market based on component, modality, patient type, application and region.
Global Extracorporeal Membrane Oxygenation Market by Component
Based on component, it is segmented into pumps, oxygenator, controllers, cannula, and accessories. The oxygenator segment is expected to be the largest segment in the Extracorporeal Membrane Oxygenation Market in 2021. Furthermore, the high cost and rapid exchange rate for a different system are responsible for oxygenators’ large market size. Mechanical failure, pump head thrombosis, and acute oxygenator thrombosis are the main causes of oxygenator exchange rate. Pumps have a significant market share due to their high cost and usage. The segment’s growth can be attributed primarily to the high use of pumps in ECMO procedures and the availability of various types of pumps such as roller, impeller, and centrifugal..
Major Players in the Global Extracorporeal Membrane Oxygenation Market
The key players studied in the global Extracorporeal Membrane Oxygenation Market are Abiomed (US), Braile Biomedica (Brazil), Fresenius Medical care AG & Co. KGaA (Germany), Getinge Group (Sweden), LivaNova (UK), Medos Medizintechnik AG (Germany), Medtronic (Ireland), Microport Scientific Corporation (China), Nipro Medical Corporation (Japan), and Terumo Cardiovascular Systems Corporation (US) among others.
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