Extracorporeal Membrane Oxygenation Machine Market Status (2018-2022) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2023-2030
Report Description
The global Extracorporeal Membrane Oxygenation Machine market size was valued at USD 630.8 million in 2022, expanding at a CAGR of 4.2% from 2023-2030 to reach 1,280.4 Million USD in 2030.
Market Dynamics
The market Extracorporeal Membrane Oxygenation Machine market is expected to have substantial growth over the forecast period. One of the reasons driving the market expansion is the expanding number of hospitals providing ECMO services as well as the rising number of awareness initiatives. The Federal Agency for Health Research & Quality reports that 6890 ECMO procedures were carried out in the United States in 2014. Following then, extracorporeal membrane oxygenation (ECMO) machines have become much more widely used in hospitals. The Extracorporeal Life Support Organization (ELSO) reports that 264 hospitals now offer ECMO treatments, up from 108 in 2008.
Serious COVID-19 patients are being treated with ECMO devices. In 2020, there was a substantial reduction in the use of these devices for heart treatments, among other uses. The market is expanding as a result of rising knowledge of ECMO techniques and technical advancement.
In addition, the use of ECMO equipment is being accelerated by the growing elderly population and the frequency of coronary heart disease. One of the top reasons of death worldwide and significantly correlated with advancing age is coronary heart disease. The United Nations estimate that there will be 426 million persons 80 years of age or older on the planet in 2050, up from 143 million in 2019. The market, however, may be hampered by ECMO machine side effects such as infections, technical problems, bleeding, and costly treatment costs.
Regional Insights
In 2022, North America led the market thanks to the presence of key competitors and new product introductions. The government's support for high-quality healthcare, the region's high purchasing power parity, and the rising prevalence of chronic obstructive pulmonary disease-like conditions in the United States and Canada are all factors contributing to the market's expansion. The availability of advanced medical facilities and benevolent reimbursement practices has increased hospital admittance rates, which is anticipated to enhance usage rates in this area.
During the projected period, the extracorporeal membrane oxygenation market in Asia-Pacific is anticipated to develop at the quickest rate. The increase in healthcare spending by the government and private organizations to develop healthcare facilities is one of the main reasons fueling the expansion of this region. The expansion of the market is also anticipated to be aided by the economic development of nations like Japan, India, and China, as well as growing government attempts to improve healthcare infrastructure and reimbursement practices.
Segment Dynamics
The Extracorporeal Membrane Oxygenation Machine market is fragmented into component, modality, and application segments. Based on the component, the pump segment is anticipated to dominate the market. By modality, the veno arterial segment of the market is projected to grow at the highest CAGR during the forecasted period. By application, the respiratory segment is expected to hold the majority of the market share.
Competitive Insights
The market for extracorporeal membrane oxygenators is quite competitive due to the presence of both domestic and foreign companies. To stay competitive in the market, major businesses in the sector create new products, form collaborations, and engage in strategic mergers and acquisitions. For instance, the Xenios Console and patient kits for ECMO therapy were approved by the National Medical Products Administration (NMPA) in China in July 2022 by Xenios AG.
In the section that follows, after giving a general overview of the industry chain structure and a description of the current business climate, the market size and forecast for extracorporeal membrane oxygenation machines are examined by type, region, and application. Also, this study includes the value chain characteristics, market pricing analysis, company profiles, and the state of vendor competition in the market.
Company Coverage (Business Profile, Sales Revenue, Pricing, Gross Margin, Major Products, etc.):
- Medtronic plc
- Sorin Group
- Terumo Cardiovascular Systems Corporation
- MAQUET Holding B.V. & Co. KG
- Medos Medizintechnik AG
- Nipro Medical Corporation
- Microport Scientific Corporation
- Fresenius Medical care AG & Co. KGaA
- Xenios AG
Covering of the following components: Major Consumer Analysis; Market Size and Forecast; etc.
- Pumps
- Oxygenator
- Controllers
- Cannula
- Accessories
Covered by Modality (Market Size & Forecast, Major Customer Analysis, etc.):
- Veno-Arterial
- Veno-Venous
- Arterio-Venous
Coverage of the Major Consumer Analysis, Market Size & Forecast, and Other Applications:
- Respiratory
- Neonates
- Pediatric
- Adult
Coverage of Regional Markets (Regional Consumption, Demand, and Forecast by Countries, etc.)
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)
Table Of Content
TABLE OF CONTENT
1. Extracorporeal Membrane Oxygenation Machine Market Overview
1.1. Product Overview and Scope of Extracorporeal Membrane Oxygenation Machine
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Extracorporeal Membrane Oxygenation Machine Market Size Growth Rate Analysis by Component, 2022 VS 2030
1.3.1. Pumps
1.3.2. Oxygenator
1.3.3. Controllers
1.3.4. Cannula
1.3.5. Accessories
1.4. Global Extracorporeal Membrane Oxygenation Machine Consumption Comparison by Modality: 2022 VS 2030
1.4.1. Veno-Arterial
1.4.2. Veno-Venous
1.4.3. Arterio-Venous
1.5. Global Extracorporeal Membrane Oxygenation Machine Consumption Comparison by Application: 2022 VS 2030
1.5.1. Respiratory
1.5.2. Neonates
1.5.3. Pediatric
1.5.4. Adult
1.6. Global Extracorporeal Membrane Oxygenation Machine Market Size Estimates and Forecasts by Region: 2022 VS 2030
1.6.1. North America Extracorporeal Membrane Oxygenation Machine Estimates
1.6.2. Europe Extracorporeal Membrane Oxygenation Machine Estimates
1.6.3. China Extracorporeal Membrane Oxygenation Machine Estimates
1.6.4. Japan Extracorporeal Membrane Oxygenation Machine Estimates
2. Market Competition by Manufacturers
2.1. Global Extracorporeal Membrane Oxygenation Machine Revenue Market Share by Manufacturers (2022)
2.2. Extracorporeal Membrane Oxygenation Machine Market Share by Company Component (Tier 1, Tier 2 and Tier 3)
2.3. Global Extracorporeal Membrane Oxygenation Machine Average Price by Manufacturers (2018-2022)
2.4. Manufacturers Extracorporeal Membrane Oxygenation Machine Production Sites, Area Served, Product Types
2.5. Extracorporeal Membrane Oxygenation Machine Market Competitive Situation and Trends
2.5.1. Extracorporeal Membrane Oxygenation Machine Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Extracorporeal Membrane Oxygenation Machine Consumption by Region (2018-2022)
3.1. Global Extracorporeal Membrane Oxygenation Machine Consumption by Region
3.2. Global Extracorporeal Membrane Oxygenation Machine Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Extracorporeal Membrane Oxygenation Machine Consumption Growth Rate (2018-2022)
3.2.3. North America Extracorporeal Membrane Oxygenation Machine Consumption, Price and Gross Margin (2018-2022)
3.2.4. North America Extracorporeal Membrane Oxygenation Machine Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Extracorporeal Membrane Oxygenation Machine Consumption Growth Rate (2018-2022)
3.2.7. Europe Extracorporeal Membrane Oxygenation Machine Consumption, Price and Gross Margin (2018-2022)
3.2.8. Europe Extracorporeal Membrane Oxygenation Machine Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Extracorporeal Membrane Oxygenation Machine Consumption Growth Rate (2018-2022)
3.2.11. Asia Pacific Extracorporeal Membrane Oxygenation Machine Consumption, Price and Gross Margin (2018-2022)
3.2.12. Asia Pacific Extracorporeal Membrane Oxygenation Machine Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Extracorporeal Membrane Oxygenation Machine Consumption Growth Rate (2018-2022)
3.2.15. South America Extracorporeal Membrane Oxygenation Machine Consumption, Price and Gross Margin (2018-2022)
3.2.16. South America Extracorporeal Membrane Oxygenation Machine Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Extracorporeal Membrane Oxygenation Machine Consumption Growth Rate (2018-2022)
3.2.19. Middle East and Africa Extracorporeal Membrane Oxygenation Machine Consumption, Price and Gross Margin (2018-2022)
3.2.20. Middle East and Africa Extracorporeal Membrane Oxygenation Machine Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Extracorporeal Membrane Oxygenation Machine Consumption by Component (2018-2022)
4.1. Global Extracorporeal Membrane Oxygenation Machine Price by Component (2018-2022)
4.2. Global Extracorporeal Membrane Oxygenation Machine Revenue Market Share by Component (2018-2022)
4.2.1. Pumps
4.2.2. Oxygenator
4.2.3. Controllers
4.2.4. Cannula
4.2.5. Accessories
5. Global Extracorporeal Membrane Oxygenation Machine Consumption by Modality (2018-2022)
5.1. Global Extracorporeal Membrane Oxygenation Machine Price by Modality (2018-2022)
5.2. Global Extracorporeal Membrane Oxygenation Machine Revenue Market Share by Modality (2018-2022)
5.2.1. Veno-Arterial
5.2.2. Veno-Venous
5.2.3. Arterio-Venous
6. Global Extracorporeal Membrane Oxygenation Machine Consumption by Application (2018-2022)
6.1. Global Extracorporeal Membrane Oxygenation Machine Price by Application (2018-2022)
6.2. Global Extracorporeal Membrane Oxygenation Machine Revenue Market Share by Application (2018-2022)
6.2.1. Respiratory
6.2.2. Neonates
6.2.3. Pediatric
6.2.4. Adult
7. Key Companies Profiled
7.1. Medtronic plc
7.1.1. Medtronic plc Extracorporeal Membrane Oxygenation Machine Corporation Information
7.1.2. Medtronic plc Extracorporeal Membrane Oxygenation Machine Product Portfolio
7.1.3. Medtronic plc Extracorporeal Membrane Oxygenation Machine Consumption, Price and Gross Margin (2018-2022)
7.1.4. Medtronic plc Main Business and Markets Served
7.1.5. Medtronic plc Recent Developments/Updates
7.2. Sorin Group
7.3. Terumo Cardiovascular Systems Corporation
7.4. MAQUET Holding B.V. & Co. KG
7.5. Medos Medizintechnik AG
7.6. Nipro Medical Corporation
7.7. Microport Scientific Corporation
7.8. Fresenius Medical care AG & Co. KGaA
7.9. Xenios AG
8. Marketing Channel, Distributors and Customers
8.1. Marketing Channel
8.2. Extracorporeal Membrane Oxygenation Machine Distributors List
8.3. Extracorporeal Membrane Oxygenation Machine Customers
9. Market Dynamics
9.1. Extracorporeal Membrane Oxygenation Machine Industry Trends
9.2. Extracorporeal Membrane Oxygenation Machine Growth Drivers
9.3. Extracorporeal Membrane Oxygenation Machine Market Challenges
9.4. Extracorporeal Membrane Oxygenation Machine Market Restraints
10. Global Extracorporeal Membrane Oxygenation Machine Consumption and Demand Forecast, by Region (2023-2030)
10.1. Global Forecasted Demand Analysis of Extracorporeal Membrane Oxygenation Machine, by Regions and Country
10.1.1. North America Forecasted Consumption of Extracorporeal Membrane Oxygenation Machine by Country
10.1.2. Europe Market Forecasted Consumption of Extracorporeal Membrane Oxygenation Machine by Country
10.1.3. Asia Pacific Market Forecasted Consumption of Extracorporeal Membrane Oxygenation Machine by Region
10.1.4. Latin America Forecasted Consumption of Extracorporeal Membrane Oxygenation Machine by Country
10.1.5. Middle East and Africa Forecasted Consumption of Extracorporeal Membrane Oxygenation Machine by Country
11. Global Extracorporeal Membrane Oxygenation Machine Consumption and Demand Forecast, by Component Segments (2023-2030)
11.1. Global Forecasted Consumption of Extracorporeal Membrane Oxygenation Machine by Component Segments (2023-2030)
11.2. Global Consumption and Price Forecast by Component Segments (2023-2030)
11.3. Global Forecasted Growth Rate of Extracorporeal Membrane Oxygenation Machine by Component Segments (2023-2030)
12. Global Extracorporeal Membrane Oxygenation Machine Consumption and Demand Forecast, by Modality Segments (2023-2030)
12.1. Global Forecasted Consumption of Extracorporeal Membrane Oxygenation Machine by Modality Segments (2023-2030)
12.2. Global Consumption and Price Forecast by Modality Segments (2023-2030)
12.3. Global Forecasted Growth Rate of Extracorporeal Membrane Oxygenation Machine by Modality Segments (2023-2030)
13. Global Extracorporeal Membrane Oxygenation Machine Consumption and Demand Forecast, by Application Segments (2023-2030)
13.1. Global Forecasted Consumption of Extracorporeal Membrane Oxygenation Machine by Application Segments (2023-2030)
13.2. Global Consumption and Price Forecast by Application Segments (2023-2030)
13.3. Global Forecasted Growth Rate of Extracorporeal Membrane Oxygenation Machine by Application Segments (2023-2030)
14. Research Finding and Conclusion
15. Methodology and Data Source
15.1. Methodology/Research Approach
15.1.1. Research Programs/Component
15.1.2. Market Size Estimation
15.1.3. Market Breakdown and Data Triangulation
15.2. Data Source
15.2.1. Secondary Sources
15.2.2. Primary Sources
15.3. Author List
15.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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