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The extracorporeal membrane oxygenation machines market size is forecast to increase by USD 243.6 million between 2022 and 2027, accelerating at a CAGR of 10.05%. Market growth hinges on several key factors, notably the escalating prevalence of respiratory and heart failure cases. This trend is paralleled by a surge in new product launches, introducing innovative solutions to address medical challenges. Additionally, the rise in organ transplant procedures further propels market expansion, reflecting advancements in healthcare technologies and treatment options. These factors collectively underscore a dynamic landscape characterized by increased demand for medical interventions and therapies. However, challenges such as regulatory compliance and healthcare infrastructure constraints may impact market dynamics. Nonetheless, the market's trajectory remains optimistic, driven by continuous advancements and a growing focus on addressing critical health concerns.
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The report offers extensive research analysis on the Market, with a categorization based on modality, including veno-venous, arterio-venous, and veno-arterial. It further segments the market by Product, encompassing ECMO machines and Softwares. Additionally, the report provides geographical segmentation, covering North America, Europe, Asia, and Rest of World (ROW). Market size, historical data (2017-2021), and future projections are presented in terms of value (in USD million) for all the mentioned segments.
The market is driven by critical factors such as the prevalence of cardio-pulmonary disorders and continuous product innovations and technological advancements. Industry giants like Medtronic and Braile Biomedica lead with cutting-edge Algorithms and advanced systems like the Liby System, catering to conditions like Coronary heart diseases and Strokes. However, challenges such as stringent regulatory policies and complexities in handling blood interactions, including managing carbon dioxide levels and delivering oxygen-filled blood, pose notable obstacles. Understanding market dynamics like customer and company landscape and navigating promotional activities are key to overcoming these challenges and capitalizing on emerging major trends.
The increasing incidence of respiratory and heart failure is notably driving the market. The increasing prevalence of various chronic cardiovascular diseases (CVD) and respiratory diseases leads to a rise in the number of deaths. Patients with chronic CVD and respiratory diseases have a high risk of developing respiratory or cardiac failure. Extracorporeal membrane oxygenation machines are used as life-support devices or machines for the treatment of patients with chronic cardiovascular and respiratory diseases.
The prevalence of CVDs and other heart diseases has increased significantly across the world. Ischemic heart disease, coronary artery disease, and myocardial infarctions are some of the major heart diseases that affect the population. Extracorporeal membrane oxygenation machines minimize the chances of cardiac failure in people with chronic cardiovascular disease. This is expected to fuel the global market during the forecast period.
The Market is a dynamic arena influenced by various factors. Key considerations include cardio-pulmonary disorders and the continuous drive for product innovations and technological advancements. Regulatory frameworks also play a pivotal role in shaping the landscape of ECMO technologies. In the realm of medical devices, factors such as the interaction of blood with ECMO systems, the functionality of heart-lung machines, and the exchange of carbon dioxide for oxygen-filled blood are paramount. These machines are essential for treating Cardiopulmonary disease and managing Respiratory failure in critical patients. Companies like Medtronic and Braile Biomedica are significant players, leveraging algorithms and innovative systems like the Liby System to address conditions such as Coronary heart diseases and Strokes. Diverse Pumps including Roller pumps contribute to the efficacy of ECMO therapy.
The veno-venous segment showed a gradual increase in the market share of USD 194.24 million in 2017 and continued to grow by 2021. The increasing prevalence of various chronic respiratory diseases, high incidence of respiratory failures, the growing cases of lung transplants, and increasing technological advances are the major factors contributing to the growth of the veno-venous and arterio-venous extracorporeal membrane oxygenation machines segment of the global market.
North America is estimated to contribute 37% to the growth of the global market during the forecast period. The market in the region is mainly driven by the increasing prevalence of cardiovascular and respiratory diseases, the increasing number of lung and heart transplant procedures, the rising adoption of technologically advanced medical devices, increasing awareness among healthcare professionals about the benefits of the extracorporeal membrane oxygenation process, and increasing healthcare expenditure. In addition, the growing presence of companies that manufacture extracorporeal membrane oxygenation machines and increasing technological advances in extracorporeal membrane oxygenation procedures are driving the market in North America.
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The Market is fragmented in nature. Some significant players include Abbott Laboratories, Abiomed Inc., Braile Biomedica, Chalice Medical Ltd and CytoSorbents Europe GmbH.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Eurosets Srl, Fresenius Medical Care AG and Co. KGaA, Getinge AB, LivaNova Plc, MC3 Cardiopulmonary, Medtronic Plc, MicroPort Scientific Corp., Nipro Corp., OriGen Biomedical Inc., Palex Medical SA, Sechrist Industries Inc., Senko Medical Industry Co. Ltd., Spectrum Medical Ltd., Terumo Corp., and Xenios AG
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments.
The Market is witnessing significant growth driven by several key factors. First, the rising incidence of cardio-pulmonary disorders necessitates advanced medical solutions like ECMO machines. Second, continuous product innovations and technological advancements in ECMO technology enhance patient outcomes and treatment effectiveness. Moreover, regulatory policies play a crucial role in shaping market dynamics and ensuring product safety and efficacy. ECMO machines function by oxygenating blood outside the body, particularly in cases of severe respiratory or heartlung machine failure. This process involves removing carbon dioxide and infusing oxygen-filled blood back into the patient's tissues via the lungs.
However, challenges such as condemnatory care conditions and potential risks like pump head thrombosis or mechanical failure underscore the need for continuous medical processes and improvements in ECMO technology. The market caters to diverse patient types, including infants and adults, with specialized ECMO systems like Veno-Venous ECMO and Veno-Arterial ECMO. Major trends in the ECMO market include advancements in Artificial Intelligence integration, development of biocompatible materials, and increased focus on patient safety and quality control. Additionally, hospital acquisitions, global market trends, and ongoing clinical trials contribute to a dynamic landscape for ECMO machines, supporting critical care capabilities and enhancing healthcare economics.
Furthermore, the Market is propelled by numerous key factors. These include the need for sustaining instrument for critical patients, the complex tension involved in managing severe cases, and the vital role ECMO plays in life-saving surgery within healthcare facilities. Challenges such as acute oxygenator thrombosis and the critical role of the impeller in ECMO machines are addressed through continuous advancements and algorithms guiding treatment protocols. ECMO machines are indispensable in managing conditions like Cardiopulmonary disease and Respiratory failure, especially in cases of Coronary heart diseases or Strokes. Innovations such as the Liby System and various types of Pumps including Roller and Centrifugal pumps enhance cardiac disorder management and patient outcomes.
Market Scope |
|
Report Coverage |
Details |
Page number |
167 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.05% |
Market growth 2023-2027 |
USD 243.6 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
8.24 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 37% |
Key countries |
US, Canada, UK, Germany, and China |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Abbott Laboratories, Abiomed Inc., Braile Biomedica, Chalice Medical Ltd., CytoSorbents Europe GmbH, Eurosets Srl, Fresenius Medical Care AG and Co. KGaA, Getinge AB, LivaNova Plc, MC3 Cardiopulmonary, Medtronic Plc, MicroPort Scientific Corp., Nipro Corp., OriGen Biomedical Inc., Palex Medical SA, Sechrist Industries Inc., Senko Medical Industry Co. Ltd., Spectrum Medical Ltd., Terumo Corp., and Xenios AG |
Market dynamics |
Parent market analysis, market growth and forecasting, Market forecasting, market research and growth, Market growth inducers and obstacles, market growth analysis, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Modality
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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