The global extracorporeal membrane oxygenation machine industry is poised for significant expansion, with a market size of USD 582.2 million in 2024 and a projected steady Compound Annual Growth Rate (CAGR) of 4.5%% during the forecast period from 2024 to 2034. According to industry analysts, this growth trajectory is anticipated to culminate in a remarkable valuation of USD 904.1 million by the end of 2034.
The driving force behind this surge is the escalating adoption of extracorporeal membrane oxygenation (ECMO) machines, a trend primarily attributed to the rising prevalence of chronic diseases and the exponential growth in organ transplantation procedures on a global scale.
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As chronic diseases continue to affect a substantial portion of the global population, the demand for advanced medical technologies such as ECMO machines has surged. These life-saving devices provide crucial cardiac and respiratory support to patients experiencing severe heart or lung failure. The steady growth in organ transplantation procedures has further fueled the demand for ECMO machines, as they play a pivotal role in supporting patients during critical phases of transplantation.
FMI, a leading player in the Extracorporeal Membrane Oxygenation Machine Market, is well-positioned to capitalize on this burgeoning market trend. With a commitment to innovation and a track record of delivering cutting-edge medical solutions, FMI is geared towards meeting the escalating demand for ECMO machines. The company remains dedicated to advancing healthcare outcomes and contributing to the well-being of patients worldwide.
Commenting on the market outlook, Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.), stated, “We are excited about the tremendous growth prospects in the extracorporeal membrane oxygenation machine market. Our focus on innovation, quality, and customer satisfaction positions us to make significant contributions to this evolving landscape. As the demand for ECMO machines continues to rise, FMI is committed to providing state-of-the-art solutions that enhance patient care and outcomes.”
FMI invites stakeholders, industry partners, and healthcare professionals to stay abreast of developments in the extracorporeal membrane oxygenation machine market. As the company continues to innovate and expand its product offerings, FMI is poised to be a key player in shaping the future of critical care and life support technologies.
Key Takeaways:
- By application, high demand for early diagnosis and diagnostic imaging, and technological advancements in the extracorporeal membrane oxygenation machine market are expected to propel the respiratory segment to the top.
- The arterio-venous segment is likely to hold the majority of the market based on modality owing to the benefits associated with this technology segment, such as effective dynamic range, thereby boosting the ECMO systems market growth.
- Based on patient type, the adult segment is projected to lead the market as the global burden of cardiac and respiratory diseases in adults is rising due to increased consumption of alcohol, tobacco, smoking, and a sedentary lifestyle.
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Because of the presence of major players and the rising number of product launches, government support for high-quality healthcare, which is also seen as one of the key trends in the ECMO systems market, and the rising prevalence of diseases in the United States and Canada, such as chronic obstructive pulmonary disease, which increases hospital admission and is favoured by reimbursement policies, the North American market is anticipated to lead the ECMO systems market. an FMI analyst claims.
Competitive Landscape:
- Medtronic plc (USA),
- Fresenius Medical Care A.G. & Co. KGAA (Germany),
- Getinge Group (Sweden),
- Microport (China),
- Origin Biomedical (USA),
- Terumo Cardiovascular Systems Corporation,
- Livanova plc (United Kingdom),
- Nipro Corporation (Japan),
- Euro sets S.R.L. (Italy),
- Cytosorbents Corporation (Australia),
- Abiomed
Major global players produce the majority of ECMO support systems. Market leaders have established their position by investing more in research and having a better distribution system.
To stay competitive in the market, extracorporeal membrane oxygenation machines manufacturers are actively involved in product launches and technological innovation.
- ALung Technologies, Inc. has begun commercialization of its ground-breaking next-generation artificial lung. The device is based on University of Pittsburgh intellectual property licensed to ALung Technologies, Inc.
- Medtronic has released its artificial lung therapy for the treatment of COVID-19. An artificial pump that pumps blood from a person’s body to an oxygenator is called ECMO, and it also has an FDA-approved device for ECMO procedures lasting up to 6 hours.
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Key Segments:
By Product:
- ECMO Machines
- Portable Devices
- Static Devices
- Software
By Service Type:
- Application
- Middleware
- Infrastructure
By Component:
- Pumps
- Oxygenators
- Controllers
- Cannul
- Assessories
By Modality:
- Veno-Venous
- Veno-Arterials
- Arterio-Venous
By Patient Type:
- Neonates
- Pediatrics
- Adults
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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