Extracorporeal Membrane Oxygenation Machine Market Overview

The global extracorporeal membrane oxygenation market, as studied by researchers from Market Research Future (MRFR) for their report, is projected to witness substantial growth during the forecast period of 2022 to 2030. The report also reveals the possibility of registering 5.10% CAGR over the review period. It also deals with various factors that are supposed to back the market growth. Various factors are adding to the extracorporeal membrane oxygenation machine market growth. According to the new MRFR report, such factors include increasing cases of lung cancer & other chronic diseases, rising geriatric population, growing prevalence of cardiovascular diseases, increasing use of ECMO, technological advances, and increasing awareness programs

On the contrary, increasing side effects post treatment, technical failures, scarcity of skilled professionals, and high surgery costs are factors that may limit the extracorporeal membrane oxygenation machine market growth over the forecast period. Increases instances of lung diseases, rising number of the elderly population, better reimbursement support, the inclusion of top-rated technologies, an influx of investment, and others are slated to trigger growth for the market. The revamping of the healthcare sector in developing countries would also ensure growth for Extracorporeal Membrane Oxygenation Machine Market Growth However, chances of contracting an infection and triggering side-effects like bleeding can hold back the market from achieving the predicted growth.

Extracorporeal Membrane Oxygenation Machine are also known as life support machines. They are designed to oxygenate blood outside the patients body and allows the heart and lungs to rest. The ECMO machine works by taking the blood out of the body, into an artificial lung where it adds oxygen and removes carbon dioxide. The blood is then armed to body temperature and pumped back into the body. Some of the factors such as chances of bleeding, stroke, infection and kidney failure may hamper the growth of ECMO machine market. However, in spite of risks, ECMO machines have been known to save lives and are an integral part of heart and lung bypass surgeries which will continue to add to ECMO machine market revenue by 2025.

Extracorporeal Membrane Oxygenation Machine Market Segmentation

• The global study conducted by MRFR analysts on the extracorporeal membrane oxygenation machine market can be segmented into application, modality, and component. These segments have data that are backed by various scientific methods, factors, figures, graphs, and charts. 

• By component, the market on the extracorporeal membrane oxygenation has been segmented into oxygenators, cannula, controllers, pumps, and accessories. The oxygenators segment has the maximum market share, and it is expected to grow more due to a rise in prevalence of lung diseases and a surge in the inclusion of extracorporeal membrane oxygenation machine to back cardiac treatments. The pumps segment may register the fastest growth during the forecast period as its intake is expected to rise for the treatment of asthma.

• By modality, the global market for extracorporeal membrane oxygenation has been segmented into veno-venous (VV), veno-arterial (VA), and arterio-venous (AV). The veno-arterial segment has the maximum market impact as its demand for the treatment of cardiovascular collapse is rising. The veno-venous segment may turn out to be the fastest-growing segment in the coming days.

• By application, the report on the extracorporeal membrane oxygenation includes segments like cardiac, respiratory, and extracorporeal cardiopulmonary resuscitation (ECPR) for a proper understanding of the market. The respiratory segment leads the way as its role in treating pulmonary function is crucial. The extracorporeal cardiopulmonary resuscitation segment has the chance to outdo others in terms of registering growth during the forecast period.

Extracorporeal Membrane Oxygenation Machine Market Regional Analysis

Based on the region, the global extracorporeal membrane oxygenation machine market report covers the growth opportunitues and recent trends across the Americas, Europe, the Asia Pacific (APAC), and the Middle East & Africa (MEA). Among these, the Americas will lead the market over the forecast period. The development of new medical devices, rising investment in R&D, favorable reimbursement scenario, and the rising prevalence of lung cancer are adding to the growth of the market in the region. The US & Canada are the major contributors in the region for increasing cases of cancer in the region and high COPD cases. 

The extracorporeal membrane oxygenation machine market in Europe is predicted to have the second-largest share in the market over the forecast period. The involvement of key companies, the rise in chronic diseases, and the presence of a well-established healthcare system are adding to the growth of the market in the region. Rising cases of lung cancer are also boosting the market growth. 

The extracorporeal membrane oxygenation machine market in the APAC region is predicted to grow at a fast pace over the forecast period. Growing cases of lung cancer are adding to the growth of the market in the region. China is a major contributor in the region, with a good number of people being diagnosed with lung cancer each year and is a key cause of death. 

The extracorporeal membrane oxygenation machine market in the MEA is predicted to have the smallest share over the forecast period for the regions low disposable income. 

Extracorporeal Membrane Oxygenation Machine Market Players

• Getinge Group
• Medtronic
• Livanova PLC
• Abbott
• Agilent Technologies
• Siemens AG
• Terumo Corporation
• Fresenius Medical Care AG & Co. KGaA
• Microport Scientific Corporation
• Nipro Corporation
• ALung Technologies, Inc.
• MAQUET Holding B.V. & Co. KG
• Medos Medizintechnik AG
• Terumo Cardiovascular Systems Corp

Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/extracorporeal-membrane-oxygenation-machine-market-8119

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