Global Extracorporeal Membrane Oxygenation Machine Market Size By Component (Pumps, Cannula), By Modality (Veno-Venous, Veno-Arterial), By Patient Type (Adult, Pediatric), By Application (Respiratory, ECPR), By Geographic Scope And Forecast
Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Extracorporeal Membrane Oxygenation Machine Market Size By Component (Pumps, Cannula), By Modality (Veno-Venous, Veno-Arterial), By Patient Type (Adult, Pediatric), By Application (Respiratory, ECPR), By Geographic Scope And Forecast
Extracorporeal Membrane Oxygenation Machine Market Size And Forecast
Extracorporeal Membrane Oxygenation Machine Market size was valued at USD 623.23 Million in 2024 and is projected to reach USD 935.81 Million by 2031, growing at a CAGR of 5.75% from 2024 to 2031.
- An Extracorporeal Membrane Oxygenation (ECMO) machine is a complex medical device that provides a temporary replacement for failing lungs, hearts, or both. In essence, it is a more advanced form of life support utilized in critical care situations.
- The basic function of ECMO is to take over the gas exchange mechanism that the lungs ordinarily do. Blood is taken from the body and circulated via an external circuit within the machine. A membrane oxygenator eliminates carbon dioxide, a byproduct of cellular respiration, and replaces it with fresh oxygen in the blood. Once oxygenated and cleansed, the blood is warmed to body temperature before being injected back into the bloodstream.
- ECMO provides critical support for patients whose lungs are severely damaged and unable to produce enough oxygen exchange. This can be caused by a variety of illnesses, including pneumonia, severe respiratory infections, and acute respiratory distress syndrome. In some situations, ECMO can be used to help a failing heart by taking over some of its pumping functions, enabling the heart to rest and recuperate.
- ECMO is usually applied in intensive care units (ICUs) for critically ill patients. It is not a treatment for any underlying problem, but rather a temporary bridge that allows the body’s organs to heal. ECMO can also serve as a bridge to lung transplant surgery, buying time until a suitable donor organ becomes available. However, because ECMO is a difficult technique with possible consequences, it is only done when all other therapeutic options have been explored.
Global Extracorporeal Membrane Oxygenation Machine Market Dynamics
The key market dynamics that are shaping the global extracorporeal membrane oxygenation machine market include
Key Market Drivers
- Rising Prevalence of Target DiseasesThe rising global frequency of chronic conditions such as heart failure, respiratory failure, and COPD is increasing the potential patient pool for ECMO therapy, which provides a life-saving intervention to patients in severe conditions. As these diseases become increasingly frequent, there is a growing acknowledgment of the potential benefits of ECMO in giving critical support to patients with cardiopulmonary problems.
- Aging PopulationThe demographic shift towards an elderly population, particularly in wealthy countries, increases demand for ECMO devices. Older persons are more vulnerable to cardiopulmonary issues, necessitating advanced critical care techniques such as ECMO to adequately meet their medical needs. As the population ages, so is the demand for ECMO therapy to help older people with serious health issues.
- Technological Advancements Technological improvements in ECMO equipment continue to increase capabilities and patient outcomes. Innovations such as downsizing, mobility, and the use of biocompatible materials aim to reduce clotting risks and improve patient comfort during treatment. Furthermore, advances in minimally invasive cannulation techniques broaden the possible applications of ECMO, paving the path for new use cases and better treatment alternatives for patients.
- Growing Focus on Early Diagnosis and Treatment The rising emphasis on early detection and intervention for critical illnesses drives up the need for ECMO therapy. Recognizing the importance of prompt treatment, healthcare providers are increasingly using ECMO as an early intervention technique to enhance patient outcomes. As awareness of the benefits of ECMO therapy continues to expand, the demand for ECMO devices will rise, driving further innovation and advancements in critical care technology.
Key Challenges
- High Cost The high expense of ECMO therapy is a considerable barrier to access, particularly in resource-constrained countries. Expenses include not just the ECMO devices, but also the essential disposables and the establishment of intensive care units (ICUs). This financial burden can limit patient access to treatment and put a strain on healthcare systems, particularly in low-income regions.
- Skilled Workforce Shortage Another difficulty is a lack of experienced workers needed to run ECMO equipment successfully. Perfusionists and ECMO specialists are critical medical professionals for delivering ECMO therapy safely and effectively. However, a lack of a sufficient personnel, particularly in poor countries, may impede the widespread use of ECMO treatment alternatives.
- Limited Reimbursement Policies Diverse funding systems for ECMO operations across nations contribute to discrepancies in access to care. Inadequate insurance coverage in some places may discourage hospitals from investing in ECMO equipment or limit patient access due to out-of-pocket costs. These variances underline the importance of consistent reimbursement systems for ensuring fair access to ECMO therapy.
- Ethical Considerations Ethical concerns about ECMO therapy add another level of difficulty. Discussions focus on patient selection criteria, resource allocation, and the optimal duration of ECMO support, particularly in circumstances when resources are restricted. Addressing these ethical quandaries is critical to ensuring equitable and ethical ECMO therapy procedures worldwide.
Key Trends
- Growth Fuelled by Rising Demand The expanding need for ECMO therapy is driven by the rising prevalence of respiratory failures and cardiovascular illnesses, particularly in places experiencing population aging. This spike in diseases demanding ECMO therapy expands the patient pool, forcing healthcare providers to invest in sophisticated treatment methods to efficiently meet the expanding demand.
- Technological Advancements Advancements in ECMO technology remain a key driver, with manufacturers constantly inventing to improve machine capabilities. Miniaturized devices, portable systems, and the use of enhanced biocompatible materials all help to reduce blood clotting concerns, increasing the safety and efficacy of ECMO therapy. These technological advancements demonstrate the industry’s dedication to constantly improve patient outcomes and raising the standard of care in cardiopulmonary support.
- Focus on Minimally Invasive Techniques There is a considerable shift toward using minimally invasive approaches in ECMO cannulation methods. This technique is gaining popularity because it has the potential to lower surgical risks and speed up patient recovery compared to regular ECMO operations. Healthcare practitioners hope to improve patient comfort and post-treatment recovery by favoring less intrusive procedures while preserving the efficacy of ECMO therapy in addressing respiratory and cardiopulmonary diseases.
- Home-based ECMO Therapy Exploring home-based ECMO therapy for critically sick patients has the potential to improve comfort and save costs. This novel strategy takes care outside of the hospital, giving patients a more familiar environment. Implementation necessitates meticulous planning, strict safety protocols, and specific caregiver training. Despite the challenges, it marks a step toward patient-centered critical care delivery.
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Global Extracorporeal Membrane Oxygenation Machine Market Regional Analysis
Here is a more detailed regional analysis of the global extracorporeal membrane oxygenation machine market
North America
- North America dominates the Extracorporeal Membrane Oxygenation (ECMO) machine market. ECMO machines are used to treat critically ill individuals who have severe cardiopulmonary problems such as heart failure or respiratory failure. Unfortunately, North America bears a significant load of these situations. Obesity, coronary artery disease, and chronic obstructive pulmonary disease (COPD) are more common here, resulting in a bigger patient population requiring ECMO assistance.
- North America has well-equipped hospitals with critical care units (ICUs) that are specifically built to treat ECMO patients. These units require specialized equipment and highly trained personnel, both of which are readily available in this location.
- In comparison to other regions, North America spends more on healthcare per capita. This translates into increased investment in innovative medical technologies such as ECMO machines, making them more available to hospitals.
- Insurance coverage for ECMO treatments in North America is frequently broader than in other regions. This lowers the financial burden on patients and hospitals, accelerating market growth.
- North America is home to the headquarters or key activities of most major ECMO machine manufacturers. This makes it easier to gain access to cutting-edge technologies and may result in speedier adoption of new ECMO devices.
Asia Pacific
- Asia Pacific is the world’s most populous region, and the population is rapidly aging. This corresponds to a vast and expanding pool of potential patients with disorders that necessitate ECMO therapy, such as heart failure and respiratory infections.
- Economic expansion in many Asian countries is resulting in higher disposable incomes. This allows people and families to spend more money on healthcare, making modern treatments such as ECMO more affordable.
- Chronic illnesses such as heart disease, COPD, and obesity are becoming increasingly common in Asia Pacific as a result of lifestyle changes and urbanization, just as they are in North America. This increases the demand for ECMO equipment to treat serious illnesses.
- Several Asian governments recognize the need to develop healthcare infrastructure and providing access to innovative medical technologies. This can involve investing in ECMO machines and building specialized ECMO facilities, which will accelerate market growth.
- A greater emphasis on early detection and treatment of severe illnesses in Asia Pacific offers an environment in which ECMO therapy can be performed more efficiently, potentially improving patient outcomes.
- The number of ECMO centers in Asia Pacific is increasing. The increased availability of specialized hospitals equipped with ECMO equipment makes this treatment option more accessible to patients throughout the region.
Global Extracorporeal Membrane Oxygenation Machine MarketSegmentation Analysis
The Global Extracorporeal Membrane Oxygenation Machine Market is Segmented on the basis of Component, Modality, Patient Type, Application, And Geography.
Extracorporeal Membrane Oxygenation Machine Market, By Component
- Pumps
- Cannula
- Oxygenator
- Accessories
- Controller
Based on Component, The market is segmented into Cannula, Controller, Pumps, Oxygenator, and Accessories. The oxygenator segment is expected to dominate the Extracorporeal Membrane Oxygenation Machine Market. It is mostly caused by its high price and the severe exchange rate for a different system. Mechanical failure, thrombosis in the pump head, and acute oxygenator thrombosis are the most common causes of oxygenator exchange rates.
Extracorporeal Membrane Oxygenation Machine Market, By Modality
- Veno-Venous Cardiac
- Veno-Arterial
- Arterio-Venous Cardiac
Based on Modality, The market is segmented into Arterio-Venous Cardiac, Veno-Arterial, and Veno-Venous Cardiac. The Arterio-Venous segment is expected to dominate the Extracorporeal Membrane Oxygenation Machine market. The potential benefits of this market, such as its proper dynamic range and medical innovations analysis, are helping this system’s market growth. This section is crucial because methods for restoring blood flow are frequently used to treat patients who have suffered cardiac arrest.
Extracorporeal Membrane Oxygenation Machine Market, By Patient Type
- Adult
- Pediatric
- Neonates
Based on Patient Type, The market is segmented into Adult, Pediatric, and Neonates. The adult patient segment is expected to dominate the Extracorporeal Membrane Oxygenation Machine Market. Alcohol, tobacco, smoking, and sedentary lifestyles all contribute to an increase in the global burden of adult cardiac and respiratory disorders. Over the projection period, the pediatric category is expected to quickly expand. The increasing number of children suffering from various pulmonary cardiac ailments is one of the segment’s primary growth factors.
Extracorporeal Membrane Oxygenation Machine Market, By Application
- Respiratory
- ECPR
- Cardiac
Based on Application, the market is segmented into Cardiac, ECPR, and Respiratory. The Respiratory segment is expected to dominate the Extracorporeal Membrane Oxygenation Machine Market due to the rapid spread of the target diseases, the scarcity of early diagnosis and medical testing, and technological advancements in the market. Diagnostic medical imaging is also growing in response to the rising prevalence of respiratory disorders such as tuberculosis, thoracic malignant neoplasms, osteoporosis, fractured bones, and CVD risk factors.
Extracorporeal Membrane Oxygenation Machine Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
On the basis of regional analysis, the Global Extracorporeal Membrane Oxygenation Machine Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America will have the greatest share of the Extracorporeal Membrane Oxygenation Machine Market. The government’s support for high-quality healthcare, the region’s high purchasing power parity, and the expanding prevalence of conditions such as chronic obstructive pulmonary disease in the United States and Canada all help to drive the industry forward. The availability of improved medical facilities and compassionate reimbursement methods has increased hospital admission rates, which is expected to drive up utilization in this field.
Key Players
The “Global Extracorporeal Membrane Oxygenation Machine Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Medtronic plc, Sorin Group, Terumo Cardiovascular Systems Corporation, MAQUET Holding B.V. & Co. KG, Medos Medizintechnik AG, Nipro Medical Corporation, Microport Scientific Corporation, OriGen Biomedical, Gentinge Group, LivaNova PLC, Eurosets.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Extracorporeal Membrane Oxygenation Machine Market Recent Developments
- In November 2022, LivaNova PLC reported that LifeSPARC had received FDA clearance. The business obtained 510(k) clearance for its next-generation enhanced circulatory support system.
- In May 2022, Livanova PLC announced the acquisition of ALung Technologies Inc., a Pittsburgh-based biotechnology company, to improve its market position.
- In October 2021, MicroPort Scientific Corporation purchased German Extracorporeal Life Support (ECLS) company Hemovent GmbH and invested in growing the company’s German operations.
- In January 2021, EUROSETS has announced the commercial availability of ECMOLife, an extracorporeal life support system with an exceptional magnetic levitation centrifugal pump. The product was commercialized outside of the United States.
- In April 2020, ABIOMED has announced the acquisition of the medical device business Breethe. Breethe created a portable Extracorporeal Membrane Oxygenation system that oxygenates and eliminates CO2 from a patient’s blood during cardiogenic shock or respiratory failure.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
Unit | Value (USD Million) |
KEY COMPANIES PROFILED | Medtronic plc, Sorin Group, Terumo Cardiovascular Systems Corporation, MAQUET Holding B.V. & Co. KG, Medos Medizintechnik AG, Nipro Medical Corporation, Microport Scientific Corporation, OriGen Biomedical, Gentinge Group, LivaNova PLC, Eurosets |
SEGMENTS COVERED | By Component, By Modality, By Patient Type, By Application, And By Geography |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |