According to IMARC Group’s latest report, titled “Extracorporeal Membrane Oxygenation Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market exhibited moderate growth during 2015-2020. An extracorporeal membrane oxygenation (ECMO) machine is a kind of artificial life support equipment used to help patients suffering from severe and fatal illnesses that restrict the normal functioning of the lungs and heart. The ECMO machine is connected to the patient through a process called cannulation, wherein plastic tubes are placed in large veins and arteries of the neck, chest, or legs. This procedure helps drain the blood and carbon dioxide to artificially oxygenate the red blood cells. Currently, it is available in Veno-Arterial (VA) and Veno-venous variants.
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The ECMO machine market is primarily driven by the rising number of patients suffering from cardiopulmonary diseases. The steadily increasing geriatric population is further supporting the market growth as it is more susceptible to chronic medical ailments. Moreover, governments of various nations are actively working to raise awareness regarding the availability, complications, and benefits of ECMO procedures, which is propelling the market growth. Apart from this, the increasing access to health care and the surging investments in research and development (R&D) activities are accelerating the market growth. Looking forward, IMARC Group expects the global extracorporeal membrane oxygenation machine market to grow at a CAGR of around 5% during the forecast period (2021-2026).
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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:
- Abbott Laboratories
- ALung Technologies Inc.
- Braile Biomedical
- Eurosets, LivaNova PLC
- Medtronic
- MicroPort Scientific Corporation
- Nipro Medical Corporation
- Origen Biomedical, Inc.
- Terumo Corporation
- Xenios AG.
Market Segmentation:
Breakup by Component:
- Pumps
- Oxygenator
- Controllers
- Cannula
- Accessories
Breakup by Modality:
- Veno-Arterial
- Veno-Venous
- Arterio-Venous
Breakup by Patient Type:
- Neonates
- Pediatric
- Adult
Breakup by Application:
- Respiratory
- Cardiac
- ECPR
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, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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