Extracorporeal Membrane Oxygenation Machine Market Growth Driven by...

Extracorporeal Membrane Oxygenation Machine Market Growth Driven by Increasing Need for Advanced Respiratory Support

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Posted 2024-11-08 10:00:36

The Extracorporeal Membrane Oxygenation Machine Market size was valued at USD 601.01 Million in 2023 and the total Extracorporeal Membrane Oxygenation Machine revenue is expected to grow at a CAGR of 5.5% from 2024 to 2030, reaching nearly USD 874.27 Million.

Extracorporeal Membrane Oxygenation Machine Market Overview:

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Extracorporeal Membrane Oxygenation Machine Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Extracorporeal Membrane Oxygenation Machine market by thorough analysis, and projections are made up to 2030.

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Extracorporeal Membrane Oxygenation Machine Market Scope and Methodology:

The Extracorporeal Membrane Oxygenation Machine market report covers a wide range of topics that impact market dynamics, trends, opportunities, and challenges. It also includes a thorough analysis of the worldwide landscape. This comprehensive analysis also looks at how the market is divided into segments according to services category, company size, end-user sector, and geographical regions. The study also closely examines major industry participants, assessing their approaches, line of business, results, and place in the Extracorporeal Membrane Oxygenation Machine market. To give a comprehensive picture of the market environment, a thorough evaluation of macroeconomic variables, regulatory frameworks, and technical developments is also carried out.

Also, the research offers detailed insights into the dynamics of the Extracorporeal Membrane Oxygenation Machine market, including opportunities, challenges, constraints, and drivers. Using a bottom-up methodology, estimates of the size of the worldwide and regional Extracorporeal Membrane Oxygenation Machine market were developed. The study provides a thorough value chain analysis that clarifies the Extracorporeal Membrane Oxygenation Machine production process and incorporates information about distributors, consumers, and raw materials. Furthermore, the use of PORTER and PESTLE studies, in conjunction with evaluations of market attractiveness, enhances comprehension of the Extracorporeal Membrane Oxygenation Machine market on a global and micro level.

Extracorporeal Membrane Oxygenation Machine Market Segmentation:

by Component

Pumps
Oxygenator
Controllers
Cannula
Accessories

The oxygenators segment, which generated 40.2% of the market for extracorporeal membrane oxygenation machines in 2023, is anticipated to grow profitably during the course of the forecast period. The sizeable market for oxygenators can be explained by the high price and quick exchange rate for an alternative method. The main causes of the oxygenator exchange rate include acute oxygenator thrombosis, pump head thrombosis, and mechanical failure.

by Modality

Veno-Arterial
Veno-Venous
Arterio-Venous

Over the course of the projection period, the veno-arterial category is anticipated to increase at a robust CAGR, contributing 35.8% of market revenue in 2023. Its extensive application in treating patients experiencing cardiac arrest and helping with algorithm life support techniques to restore blood circulation contributes to the segment's largest size.

by Patient

Neonates
Pediatric
Adult

Adult patients made up 62.0% of the market for extracorporeal membrane oxygenation machines, and they are anticipated to grow at the fastest rate over the projected period. Adult cardiac and respiratory problems are becoming more common worldwide as a result of sedentary lifestyles and the use of alcohol, nicotine, and cigarettes. Approximately 7,950 people with heart conditions needed ECMO, according to data from the Extracorporeal Life Support Organization.

by Application

Respiratory
Cardiac
ECPR

With a 49.0% market share, the respiratory category led the extracorporeal membrane oxygenation machine market in 2023. Meconium aspiration syndrome, pneumonia, congenital diaphragmatic hernia (CDH), and respiratory distress syndrome are among the conditions that can be treated with the ECMO device in infants. The market for extracorporeal membrane oxygenation is divided into three segments: infant, pediatric, and adult, based on the patient population. One of the key factors driving the expansion of this category is the danger of respiratory failure among individuals with different respiratory illnesses.

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Extracorporeal Membrane Oxygenation Machine Market Key Players:

1. Getinge
2. Medtronic plc
3. Livanova PLC
4. Abbott
5. Abiomed
6. Cytosorbents Corporation
7. Agilent Technologies
8. Siemens AG
9. Terumo Corporation
10.Fresenius Medical Care AG & Co. KGaA
11.Microport Scientific Corporation
12.Nipro Corporation
13.ALung Technologies Inc.
14.MAQUET Holding B.V. & Co. KG
15.Medos Medizintechnik AG
16.Terumo Cardiovascular Systems Corp
17.XENIOS AG
18.OriGen Biomedical, Inc.
19.EUROSETS S.r.l.

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Extracorporeal Membrane Oxygenation Machine Market Regional Insights :

The size and trends in the Extracorporeal Membrane Oxygenation Machine market in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).

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Key questions answered in the Extracorporeal Membrane Oxygenation Machine Market are:

What is Extracorporeal Membrane Oxygenation Machine?
What was the Extracorporeal Membrane Oxygenation Machine market size in 2023?
Which are the factors expected to drive the Extracorporeal Membrane Oxygenation Machine market growth?
Who are the leading companies and what are their portfolios in Extracorporeal Membrane Oxygenation Machine Market?
What growth strategies are the players considering to increase their presence in Extracorporeal Membrane Oxygenation Machine?
What are the upcoming industry applications and trends for the Extracorporeal Membrane Oxygenation Machine Market?
What will be the CAGR at which the Extracorporeal Membrane Oxygenation Machine market will grow?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Extracorporeal Membrane Oxygenation Machine Market?
What are the different segments of the Extracorporeal Membrane Oxygenation Machine Market?
What is the growth rate of the Extracorporeal Membrane Oxygenation Machine Market?
What segments are covered in the Extracorporeal Membrane Oxygenation Machine Market?
Who are the key players in the Extracorporeal Membrane Oxygenation Machine market?
What are the key challenges and opportunities in the Extracorporeal Membrane Oxygenation Machine market?
Which application holds the highest potential in the Extracorporeal Membrane Oxygenation Machine market?

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Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by different segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective

Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region

PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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