The global market for extracorporeal membrane oxygenation is expected to grow at a steady CAGR of 5.40% over the period between 2017 and 2025. Furthermore, the market had a net worth of US$307.00 mn in 2016 and is expected to reach a value of US$487.40 mn by 2025-end. In terms of geography, the global market was led by North America over the past years, and the regional market is anticipated to continue on its streak of growth due to better medical facilities.
Utility of ECMO Machines to Accelerate Market Growth
The utility of extracorporeal membrane oxygenation (ECMO) machines for people suffering from respiratory or cardiovascular disorders is immense, which has driven demand within the global market. In cases when the lungs are unable to exhale carbon dioxide or the heart fails to pump blood across the body, the ECMO machines can make up for the disorder. Furthermore, the machine is also used for infants who cannot catch their breath or suffer other problems such as pulmonary hypertension. This has also expanded the global market for extracorporeal membrane oxygenation machines and has given an impetus to the growth of the market players.
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Growing Awareness about Respiratory Disorders to Propel Demand
The rising awareness levels of the masses about respiratory and cardiovascular disorders across the emerging economies have brought ECMO machines to the fore. Furthermore, the market has witnessed tremendous growth in the western nations where the governments give integral value to healthcare. Furthermore, the governments in developing economies have allotted high budgets for the development of the healthcare industry. ECMO machines are also used in Intensive Care Units (ICU) for emergency situations, which in turn propels demand within the global market for extracorporeal membrane oxygenation machine. It is certain that the market has been reaping substantial benefits from the efforts of governments, healthcare bodies, and medical experts.
The review is based on TMR report titled, “Extracorporeal Membrane Oxygenation Machine Market (Component Type – Pumps, Oxygenators, Heat Exchangers, Saturation Monitors and Others; Application – Respiratory, Cardiology, Extracorporeal Cardiopulmonary Resuscitation; Modality – Venoarterial, Venovenous, and Arteriovenous) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 – 2025”
The global market for extracorporeal membrane oxygenation machine market can be segmented as:
Global Extracorporeal Membrane Oxygenation Machine Market, by Component type
- Pumps
- Roller Pumps
- Centrifugal Pumps
- Oxygenators
- Heat Exchangers
- Saturation Monitors
- Others (Bladders, Cannulas)
Global Extracorporeal Membrane Oxygenation Machine Market, by Application
- Respiratory
- Cardiology
- Extracorporeal Cardiopulmonary Resuscitation
Global Extracorporeal Membrane Oxygenation Machine Market, by Modality
- Venoarterial
- Venovenous
- Arteriovenous
Global Extracorporeal Membrane Oxygenation Machine Market, by Geography
- North America
- US
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia & New Zealand
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Israel
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Rest of Latin America