Extracorporeal Membrane Oxygenation Machine Market Outlook

Extracorporeal membrane oxygenation (ECMO) machine is a life support equipment that oxygenates red blood cells (RBCs) of patients suffering from prolonged cardiac and respiratory problems. It is extensively used when the heart and lungs cannot provide an adequate amount of gas exchange or perfusion that sustains life.

The global extracorporeal membrane oxygenation machine market is expected to exhibit a CAGR of 5.3% during 2022-2027. Looking forward, IMARC Group expects the global extracorporeal membrane oxygenation machine market to continue its robust growth during the forecast period (2022-2027).

The machine pumps out the blood to remove the carbon dioxide and sends back rewarmed, oxygen-filled blood back into the body. ECMO machine is usually applied in critical care situations to allow blood to bypass the heart and lungs, enabling the organs to rest and heal.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Extracorporeal Membrane Oxygenation Machine Market Trends:

The global extracorporeal membrane oxygenation machine market is primarily driven by the increasing prevalence of respiratory infections and cardiovascular diseases and strokes. The rising awareness among individuals about the benefits of ECMO machines has also escalated its demand globally.

Besides this, these machines are increasingly being used for patients who are more susceptible to chronic medical ailments like coronavirus disease (COVID-19) and acute respiratory distress syndrome (ARDS). Furthermore, the rising number of tobacco smokers, the growing geriatric population and the newborns suffering from respiratory diseases due to congenital disabilities and trauma are some of the other factors that are significantly influencing the market growth.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Abbott LaboratoriesALung Technologies Inc.Braile BiomedicalEurosets, LivaNova PLCMedtronicMicroPort Scientific CorporationNipro Medical CorporationOrigen Biomedical, Inc.Terumo CorporationXenios AG.

Key Market Segmentation:

The report has categorized the market based on component, modality, patient type and application.

Breakup by Component:

PumpsOxygenatorControllersCannulaAccessories

Breakup by Modality:

Veno-ArterialVeno-VenousArterio-Venous

Breakup by Patient Type:

NeonatesPediatricAdult

Breakup by Application:

RespiratoryCardiacECPR

Breakup by Region:

North America (United States, Canada)Europe (Germany, France, United Kingdom, Italy, Spain, Others)Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)Latin America (Brazil, Mexico, Others)Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

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Key highlights of the report:                                                    

Market Performance (2016-2021)Market Outlook (2022-2027)Market TrendsMarket Drivers and Success FactorsImpact of COVID-19Value Chain AnalysisComprehensive mapping of the competitive landscape

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