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  • According to Transparency Market Research’s latest report on the global extracorporeal membrane oxygenation machine market for the historical period 2017–2018 and forecast period 2019–2027, rise in prevalence and incidence of respiratory and cardiovascular diseases to escalate the growth of global extracorporeal membrane oxygenation machine market. Moreover, rising adoption of technological advanced products is fueling growth of the extracorporeal membrane oxygenation machine market
  • According to the report, the global extracorporeal membrane oxygenation machine market was valued at US$ 0.3 Bn in 2018 and is anticipated to expand at a CAGR of 5.4% from 2019 to 2027
new global extracorporeal membrane oxygenation machine market

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Rise in Demand for the Extracorporeal Membrane Oxygenation Machine and Surge in Geriatric Population: Key Drivers of Global Extracorporeal Membrane Oxygenation Machine Market

  • Extracorporeal membrane oxygenation, also known as extracorporeal life support, is an extracorporeal technique of providing prolonged cardiac and respiratory support to persons whose heart and lungs are unable to provide an adequate amount of gas exchange or perfusion to sustain life. Nowadays extracorporeal membrane oxygenation machine has become more reliable with improvement in equipment. Moreover, change in lifestyle and dietary habits is leading to cause various chronic diseases including cardiac and respiratory disease and thereby increase the need of extracorporeal membrane oxygenation machine.
  • The world is currently experiencing the pandemic of an infectious disease called COVID-19. This infection leads to multiple organ failure, acute & severe respiratory disorders, pneumonia, and even death in severe cases. This is augmenting the demand for the products. The government has taken initiatives to expand the use of extracorporeal membrane oxygenation machine for the COVID-19.
  • Furthermore, common medical conditions in infants wherein extracorporeal membrane oxygenation machine is used are meconium aspiration syndrome, persistent pulmonary hypertension of the newborn (PPHN), congenital diaphragmatic hernia (CDH), and respiratory distress syndrome (RDS).  Neonatal births defects are usually observed to affect 2% of all live births and the mortality rate led by respiratory failure is approximately 33% in neonates. Thus, increase in neonatal birth defects leading to increase the demand for the extracorporeal membrane oxygen machine. This in turn to drive the growth of market.
  • The life expectancy of people has increased over the last decade. The immune system of an individual weakens with increasing age. Hence, rise in elderly population has led to high probability of contracting diseases. With increasing age, there is a high possibility of rise in the incidence of chronic diseases, leading to hospitalization for respiratory distress, cardiac arrest, or other associated distress. This is expected to drive the extracorporeal membrane oxygenation machine machines market during the forecast period.

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High Cost of Extracorporeal Membrane Oxygenation Machine Procedures to Hamper Global Extracorporeal Membrane Oxygenation Machine Market

  • An ECMO machine purifies the blood outside the body in cases where in the lungs and the heart cannot perform the blood purification function. The use of this machine has raised the rate of survival of patients. However, the cost of the procedure is very high. This is a restraining factor, due to which several patients do not opt for the treatment.
  • In the U.S., the cost of an ECMO procedure varies between US$ 34,121 and US$ 154,817, depending on the patient’s condition. In India, the cost of the procedure is approximately US$ 18,669.

 Global Extracorporeal Membrane Oxygenation Machine Market: Competitive Landscape

  • This report profiles major players in the global extracorporeal membrane oxygenation machine market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
  • The global extracorporeal membrane oxygenation machine market is highly fragmented, with the presence of a number of international as well as regional players
  • Leading players operating in the global e extracorporeal membrane oxygenation machine market are
    • Terumo Corporation
    • Medtronic plc
    • Getinge AB
    • LivaNova PLC
    • Nipro Corporation
    • MicroPort Scientific Corporation
    • XENIOS AG
    • OriGen Biomedical
    • EUROSETS
    • Hemovent GmbH

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Global Extracorporeal Membrane Oxygenation Machine Market: Key Developments

Key players in the global extracorporeal membrane oxygenation machine market are engaged in regulatory approvals, technologically advanced products, launch of new products, and acquisition & collaborative agreements with other companies. These strategies are likely to fuel the growth of the global extracorporeal membrane oxygenation machine market. A few expansion strategies adopted by players operating in the global extracorporeal membrane oxygenation machine market are:

  • In February 2020, the US FDA has cleared the Novalung extracorporeal membrane oxygenation (ECMO) system for the treatment of acute respiratory or cardiopulmonary failure
  • In March 2017, Hemovent GmbH filed two additional patents for a gas exchanger and a pump related to its novel and portable extracorporeal membrane oxygenation (ECMO) device
  • In February 2016, Terumo Corporation introduced CAPIOX FX Advance Oxygenator, the newest addition to the CAPIOX Oxygenator portfolio. The CAPIOX FX Advance replaces the current CAPIOX FX15 and FX25 line of oxygenators.

The report on the global extracorporeal membrane oxygenation machine market discussed individual strategies, followed by company profiles of manufacturers of extracorporeal membrane oxygenation machine. The competitive landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global extracorporeal membrane oxygenation machine market.

TMR’s report on the global extracorporeal membrane oxygenation machine market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2019 to 2027. The report provides revenue of the global extracorporeal membrane oxygenation machine market for the period 2017–2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global extracorporeal membrane oxygenation machine market during the forecast period.

The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global extracorporeal membrane oxygenation machine market.

Secondary research also included Internet sources, statistical data from government agencies, websites, company presentations, sales data, and trade associations. Analysts have employed a combination of top-down and bottom-up approaches to study various phenomenon in the global extracorporeal membrane oxygenation machine market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global extracorporeal membrane oxygenation machine market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global extracorporeal membrane oxygenation machine market.

The report delves into the competitive landscape of the global extracorporeal membrane oxygenation machine market. Key players operating in the global extracorporeal membrane oxygenation machine market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global extracorporeal membrane oxygenation machine market that have been profiled in this report.

Key Questions Answered in Global Extracorporeal Membrane Oxygenation Machine Market Report

  • What is the scope of growth for product companies in the global extracorporeal membrane oxygenation machine market?
  • What will be the Y-o-Y growth of the global extracorporeal membrane oxygenation machine market between 2019 and 2027?
  • What is the influence of changing trends in technologies on the global extracorporeal membrane oxygenation machine market?
  • Will North America continue to be the most profitable market for extracorporeal membrane oxygenation machine providers?
  • Which factors are anticipated to hamper the growth of the global extracorporeal membrane oxygenation machine market during the forecast period?
  • Which are the leading companies in the global extracorporeal membrane oxygenation machine market?

Research Methodology

A unique research methodology has been utilized by TMR to conduct comprehensive research on the growth of the global extracorporeal membrane oxygenation machine market and arrive at conclusions on its growth prospects. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary research sources referred to by analysts during the production of the global extracorporeal membrane oxygenation machine market report include statistics from company annual reports, SEC filings, company websites, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of TMR’s study on the extracorporeal membrane oxygenation machine market as primary methods.

These primary research respondents have provided exclusive information during interviews, which serves as a validation from the extracorporeal membrane oxygenation machine market leaders. Access to an extensive internal repository and external proprietary databases enabled this report to address specific details and questions about the global extracorporeal membrane oxygenation machine market with accuracy. The study also uses the top-down approach to assess the revenues for each segment and the bottom-up approach to counter-validate them. This has helped in reaching TMR’s estimates on future prospects of the global extracorporeal membrane oxygenation machine more reliably and accurately.

Regional Segmentation of Extracorporeal Membrane Oxygenation Machine Market

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Global Extracorporeal Membrane Oxygenation Machine Market - Segmentation

Component  Type

  • Pumps
  • Roller Pumps
  • Centrifugal Pumps
  • Oxygenators
  • Heat Exchangers
  • Saturation Monitors
  • Others

Application

  • Respiratory
  • Cardiology
  • Extracorporeal Cardiopulmonary Resuscitation

Modality

  • Venoarterial
  • Venovenous
  • Arteriovenous

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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Extracorporeal Membrane Oxygenation Machine Market