Global Extracorporeal Membrane Oxygenation Machine Market by Component (Pumps, Oxygenator) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global extracorporeal membrane oxygenation machines market was valued at USD 202.6 millions in 2020. It is expected to grow at a compound annual rate (CAGR of 5.1%) between 2021 and 2028. Extracorporeal membrane oxygenation market (ECMO), is driven by the rising incidence of cardiovascular disease and respiratory failure. According to the Centers for Disease Control and Prevention, a person dies from cardiovascular disease every 37 seconds in the United States. In 2018, the number one cause of death in the U.S. was chronic obstructive lung disease (COPD). The market is growing due to the increasing number of hospitals that offer ECMO services, and the increase in awareness programs. According to the Federal Agency of Health Research and Quality in 2014, there were 6890 ECMO operations performed in the U.S. Since then, ECMO machines have been adopted in more hospitals.

Extracorporeal Life Support Organization, (ELSO) reports that 264 hospitals offered ECMO services in 2019, up from 108 in 2008. ECMO devices can be used to treat serious COVID-19 cases. In 2020, however, the market for other uses of these devices (e.g. heart procedures) declined sharply. The market is also growing due to increasing awareness of ECMO procedures, and technological advancements. Many government agencies are working to raise awareness about ECMO Procedures. Initiatives like the Global Initiative for Chronic Obstructive Leng Disease (GOLD), which aims to raise awareness about COPD and its treatment, including the use of ECMO devices, are a part of the Global Initiative for Chronic Obstructive Lung Disease.

The increasing use of ECMO machines is also driving technological innovation in these systems. These include oxygenators, hollow pumps, heparin-coated catheters, and other applications for surgeries. The ECMO machines that have been recently developed are also smaller, making them more portable and easier to use. ECMO machines can also be transported by using portable adaptors or compact circuits.

Impact of COVID19: Market fell by approximately 25% starting in 2019

The increasing number of people over 65 and the rising incidence of coronary disease are driving the growth of ECMO machines. The leading cause of death in the world is coronary heart disease, which is strongly linked to age. The United Nations projects that the number of people over 80 years old will rise to 426 million by 2050, from 143 million globally in 2019. The market may be limited by complications such as bleeding, technical failures, infections and high costs of treatment.

Component Insights

The oxygenator segment held 34.1% of the market share in 2020, and it is expected to continue growing at a rapid pace during the forecast period. The high price and the acute exchange rate for an alternative system is what explains the large market share of oxygenator. Mechanical failure, pump head and acute oxygenator complications are the main causes of low exchange rates for oxygenator.

Due to its high price and widespread usage, the pumps segment held a significant market share in 2020. Pumps in ECMO machines are used to pump blood from a patient into artificial lungs, which then send it back to the patient. This segment has seen a lot of growth due to the large use of pumps in ECMO procedures. There are many types of pumps available, including impeller, roller and centrifugal. These pumps can be used for various ECMO procedures depending on their needs.

Modality Insights

In 2020, the veno-arterial segment held 41.8% of the market and is expected grow at a healthy CAGR over the forecast period. Its high use in treating cardiac arrest patients and assisting with algorithm-based strategies to restore blood flow is what accounts for the largest segment.

In 2020, the veno-venous segment accounted for a large share and is expected to continue growing at a rapid pace during the forecast period. The veno-venous ECMO circuit (VV ECMO), serves the primary purpose of facilitating the exchange of oxygen and carbon dioxide. It is therefore a very important application for cases in which lung support is required. This segment is driven by the increasing prevalence of chronic obstructive lung disease. The WHO estimates that there were 251,000,000 cases of COPD worldwide in 2016, and this number will continue to rise over the forecast period.

Application Insights

In 2020, the respiratory segment held 43.9% of the market share. This segment is driven by the rising prevalence of respiratory diseases and increased awareness of ECMO procedures. The ELSO published statistics showing that more than 2,600 people with respiratory diseases in the U.S. received ECMO treatment in 2015.

Due to increasing cardiac surgery rates and increased awareness about ECMO machines in heart surgery, the segment of cardiac surgery accounted for a significant market share in 2020. According to the American Heart Association in 2016, approximately one in three deaths in America was due to cardiovascular disease. The segment will be driven by the rising cost of ECMO procedures, particularly in cardiac surgery. A study found that the direct medical costs for cardiovascular diseases will reach USD 749 millions by 2035.

Patient Type Insights

In 2020, the adult segment was responsible for the largest percentage of 59.0% and it is expected to grow at a faster rate over the forecast period. The global burden of respiratory and cardiac diseases is rising in adults due to increased consumption of alcohol, tobacco and smoking. The Extracorporeal Life Support Organization released a report that showed that there were approximately 7,850 people with cardiac diseases in January 2016.

The market share held by the pediatric segment was substantial and will continue to grow during the forecast period. One of the main drivers for this segment is the increasing number of children suffering from various pulmonary diseases. Extracorporeal Life Support Organization estimates that around 8.102 children were affected by cardiac disease in January 2016. These children required ECMO therapy.

Regional Insights

North America held a 39.8% market share in 2020, thanks to major players and increasing product launches. This market has grown due to government support for high quality healthcare, high purchasing power parity and increasing incidence of diseases such as chronic obstructive lung disease in Canada and the U.S. Hospital admissions have increased due to the availability of high-quality healthcare facilities and favorable reimbursement policies. This will in turn increase the region's usage.

Asia Pacific will experience the fastest growth over the forecast period. The growth of this market is fueled by a rise in healthcare spending by both the government and private entities to improve healthcare facilities. Market growth will also be supported by rising economic development in countries like Japan, India and China.

Market Share Insights & Key Companies

Technology collaboration is a key focus for major players. Terumo Cardiovascular Systems Corporation, for instance, launched the CAPIOX FX advanced oxygenator in February 2016. The advanced features of this device include a 3,000ml reservoir, increased blood flow rate, and improved flow dynamics. These launches are more efficient and help to support market growth. The market leader in extracorporeal membrane oxygenation machines is:

• Medtronic plc

• Sorin Group

• Terumo Cardiovascular Systems Corporation

• MAQUET Holding B.V. & Co. KG

• Medos Medizintechnik AG

• Nipro Medical Corporation

• Microport Scientific Corporation

Up Market Research published a new report titled “Extracorporeal Membrane Oxygenation Machine Market research report which is segmented by Component (Pumps, Oxygenator), By Players/Companies MAQUET Holding BV & Co KG, Terumo Cardiovascular Systems Corporation, Medtronic plc, Nipro Medical Corporation, Microport Scientific Corporation, Medos Medizintechnik AG, Sorin Group”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Extracorporeal Membrane Oxygenation Machine Market Report Segments:

The market is segmented by Component (Pumps, Oxygenator).

Extracorporeal Membrane Oxygenation Machine Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Extracorporeal Membrane Oxygenation Machine Market

Overview of the regional outlook of the Extracorporeal Membrane Oxygenation Machine Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Extracorporeal Membrane Oxygenation Machine Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Extracorporeal Membrane Oxygenation Machine Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Pumps

                2. Oxygenator

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Extracorporeal Membrane Oxygenation Machine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Extracorporeal Membrane Oxygenation Machine Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.