Extracorporeal Membrane Oxygenation Machine Market Overview
Various factors are adding to the extracorporeal membrane oxygenation machine market growth. According to the new MRFR report, such factors include increasing cases of lung cancer & other chronic diseases, rising geriatric population, growing prevalence of cardiovascular diseases, increasing use of ECMO, technological advances, and increasing awareness programs. On the contrary, increasing side effects post treatment, technical failures, scarcity of skilled professionals, and high surgery costs are factors that may limit the extracorporeal membrane oxygenation machine market growth over the forecast period. The blood is then armed to body temperature and pumped back into the body. However, chances of contracting an infection and triggering side-effects like bleeding can hold back the Extracorporeal Membrane Oxygenation Machine Market from achieving the predicted growth.
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Based on studies, the Extracorporeal Membrane Oxygenation Machine (ECMO) Market is expected to grow at a CAGR of 5.10% during the forecast period (2022 to 2030).
Extracorporeal membrane oxygenation machine market has been registering increasing revenue as a result of several factors that include increasing use of ECMO machine for open heart surgeries or procedures that involve life threatening cardiovascular and respiratory diseases. Expanding geriatric population
Extracorporeal Membrane Oxygenation Machine Market Segmentation
The global study conducted by MRFR analysts on the extracorporeal membrane oxygenation machine market can be segmented into application, modality, and component. These segments have data that are backed by various scientific methods, factors, figures, graphs, and charts.
By component, the market on the extracorporeal membrane oxygenation has been segmented into oxygenators, cannula, controllers, pumps, and accessories. The oxygenators segment has the maximum market share, and it is expected to grow more due to a rise in prevalence of lung diseases and a surge in the inclusion of extracorporeal membrane oxygenation machine to back cardiac treatments. The pumps segment may register the fastest growth during the forecast period as its intake is expected to rise for the treatment of asthma.
By modality, the global market for extracorporeal membrane oxygenation has been segmented into veno-venous (VV), veno-arterial (VA), and arterio-venous (AV). The veno-arterial segment has the maximum market impact as its demand for the treatment of cardiovascular collapse is rising. The veno-venous segment may turn out to be the fastest-growing segment in the coming days.
By application, the report on the extracorporeal membrane oxygenation includes segments like cardiac, respiratory, and extracorporeal cardiopulmonary resuscitation (ECPR) for a proper understanding of the market. The respiratory segment leads the way as its role in treating pulmonary function is crucial. The extracorporeal cardiopulmonary resuscitation segment has the chance to outdo others in terms of registering growth during the forecast period.
Competitive Landscape:
Getinge Group, Medtronic, Livanova PLC, Abbott, Agilent Technologies, Siemens AG, Terumo Corporation, Fresenius Medical Care AG & Co. KGaA, Microport Scientific Corporation, Nipro Corporation, ALung Technologies, Inc., MAQUET Holding B.V. & Co. KG, Medos Medizintechnik AG, Terumo Cardiovascular Systems Corp, and others are some of the major companies taking part in boosting the growth of the global market for extracorporeal membrane oxygenation.
Extracorporeal Membrane Oxygenation Machine Market Regional Analysis
The global market report extracorporeal membrane oxygenation suggests that the market would be led by the Americas as it is enjoying support from countries like the US and Canada. In Europe, government initiatives are boosting the regional intake to ensure a better growth rate.
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