Extracorporeal Membrane Oxygenation Machine Market Worth $673 Million by 2026

CHICAGO, November 26, 2021 /PRNewswire/ — According to the new market research report Market for extracorporeal membrane oxygenation machines: by product, component, patient type (neonates, pediatrics and adults), modality outlook (veno-venous, veno-arterio and arterio-venous), applications and region – global forecast to 2026″, published by MarketsandMarkets™, the global ECMO machine market is expected to USD 673 million by 2026 estimated USD 531 million in 2021, at a CAGR of 4.9% from 2021 to 2026.

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The main factors driving the growth of this market include the increasing geriatric population and the growth of disease incidence, as well as favorable government regulations, investments and initiatives. The advantages of ECMO machines have played an important role in its adoption; their speed and accuracy, as well as fast processing times, allow for significantly higher patient screening volumes than before. This has prompted companies to focus on product development and innovation.

The adult segment dominated the ECMO machine market in 2020

Based on patient type, the ECMO machine market is segmented into adult, prediatric, and neonate. The mature segment had the largest share of the global ECMO machine market in 2020. ECMO has been used for over 40 years and its benefits in newborns with respiratory distress are widely recognised. The benefits of ECMO in adult patients with heart failure or refractory acute respiratory distress syndrome (ARDS) are still debated as ECMO was initially associated with poor survival rates. However, recent technological advances in ECMO circuits have reduced the number of technical problems and complications.

ECMO portable machines are expected to register the highest CAGR during the forecast period

Based on the product type, the ECMO machine market is segmented into static ECMO machines and portable ECMO machines. The ECMO portable machine segment is expected to dominate the market during the forecast period. Portable ECMO machines can be transported to any location and are lightweight. These systems are primarily used in a variety of imaging settings, including intensive care units, cardiac care units, neonatal intensive care units, operating theatres, emergency rooms and at the patient’s for critically ill or mobility impaired patients.

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The Pumps ECMO machines segment dominated the ECMO machine market in 2020

The global ECMO machine market is segmented into pumps, oxygenators, controllers, cannulas, and accessories. The controllers segment is expected to dominate the market during the forecast period. The large share of this segment can be attributed to the increased adoption of the systems by end users due to the lower cost compared to other systems.

Arterio-Venous dominated the ECMO machine market in 2020

On the basis of modality, the ECMO machine market is segmented into veno-arterio, veno-venous, and arterio-venous. The arterio-venous segment is expected to dominate the market during the forecast period. Arteriovenous ECMO facilitates gas exchange, especially the removal of carbon dioxide, by using the patient’s own arterial pressure to pump blood through the circuit. It is also called an extracorporeal CO2 removal system (ECCO2 R) because it is more efficient at removing CO2. This is a key factor for the growth of the market.

Respiratory Applications Segment Dominates ECMO Machinery Market by Applications in 2020

On the basis of applications, the ECMO machine market is segmented into respiratory, cardiac and ECPR applications. The general respiratory segment is expected to dominate this market during the forecast period. The growth in this market can be attributed to the increasing prevalence of target diseases, the high demand for early diagnosis and technological advancements in the ECMO machine market.

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Asia-Pacific is expected to see the highest growth in ECMO machine market by regions

The ECMO machine market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is the largest regional market for ECMO machines, while the Asia-Pacific The market is estimated to grow at the highest CAGR during the forecast period.

Growth in the ECMO machine market in the Asia-Pacific is primarily driven by the growing geriatric population, particularly in Japan; increasing disposable income, making advanced technologies more affordable; the rising prevalence of target diseases; and favorable government initiatives. Such factors help stimulate the digital imaging systems market in this region and attract foreign investment and partnerships.

The ECMO machine market is dominated by Getinge Group (Sweden), Medtronic plc (USA), Fresenius Medicalcare AG & Co. KGAA (Germany), Micro port (China), and Terumo Cardiovascular Systems Corporation (Japan). The other leading market players include Livanova plc (UK), Nipro Corporation (Japan), Eurosets SRL (Italy), Origin Biomedical (USA), Cytosorbents Corporation (Australia) and Abiomed (US).

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