The global extracorporeal membrane oxygenation machine market was valued at USD 541 million in 2021 and it is anticipated to grow further up to USD 862 million by 2031, at a CAGR of 4.8% during the forecast period.
Extracorporeal Membrane Oxygenation Machines assist patients who have trouble giving their body’s heart and lungs enough oxygen. For many patients, it serves as a life support system since it supports their respiratory systems. For those with life-threatening illnesses, good respiratory function is essential, which is why the Extracorporeal Membrane Oxygenation Machine is available to them. The market for extracorporeal membrane oxygenators is expanding because of the rising incidence of cardiovascular disorders, respiratory issues, and the quickening adoption of ECMO. The global market for ECMO is being boosted by both ECMO usage and an increase in ECMO centers.
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Market Trends and Drivers
The increasing adoption of ECMO in lung transplantation procedures is boosting the growth of the market. In recent years, there has been a surge in lung transplantation, particularly for the treatment of advanced lung conditions such as cystic fibrosis, interstitial lung disease, and chronic obstructive pulmonary disease (COPD). The use of ECMO equipment in lung transplant operations has grown dramatically over time in the treatment of patients with advanced lung disease. Primary Graft Dysfunction (PGD) following lung transplantation is the most typical reason for using ECMO. PGD is a syndrome that develops within the first 72 hours of a lung transplant. Numerous studies have demonstrated promising results in relation to the use of ECMO as a bridging approach as well as therapy for individuals suffering from PGD after transplant thanks to substantial technological advancements. In the upcoming years, it is anticipated that ECMO use would increase even more due to the rising prevalence of lung illnesses worldwide.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Global Extracorporeal Membrane Oxygenation Machine Market Segmentation
By Component
- Pumps
- Oxygenators
- Controllers
- Cannula
- Accessories
By Modality
- Veno-Arterial
- Veno-Venous
- Arterio-Venous
By Patient Type
- Neonates
- Pediatric
- Adult
By Application
- Respiratory
- Cardiac
- ECPR
Major Players of the Global Extracorporeal Membrane Oxygenation Machine Market
The key players studied in the market are FRESENIUS MEDICAL CARE AG & CO. KGAA, GETINGE GROUP, MEDTRONIC PLC, MICROPORT, TERUMO CARDIOVASCULAR SYSTEMS CORPORATION, NIPRO CORPORATION, LIVANOVA PLC, EUROSETS S.R.L., ORIGEN BIOMEDICAL, INC., CYTOSORBENTS CORPORATION, ABIOMED, BRAILE BIOMÉDICA, SPECTRUM MEDICAL, HAEMONETICS, XENIOS AG, among others.
COVID-19 Impact
In 2020, the COVID-19 pandemic had a negative impact on the global economy and caused a number of difficulties for patients and clinical healthcare providers. Because of the stringent lockdowns that the governments of the majority of countries applied, COVID-19 has also had an impact on different levels of the value chain. Newer packaging guidelines and country-imposed lockout procedures have also impacted the turnaround time for the delivery of goods and services. All of these elements have a detrimental effect on the production and supply chain of digital X-ray equipment.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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