Latest News- Extracorporeal Membrane Oxygenation Machines Market: Veno-venous and arterio-venous expected to lead the Modality segment during 2024-2028

The Extracorporeal Membrane Oxygenation Machines Market is being driven by Increasing incidence of respiratory and heart failure

The Extracorporeal Membrane Oxygenation Machines Market is expected to grow at a CAGR of 5.92% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 145.04 million. In the healthcare sector, the expenditure on procuring and maintaining medical equipment represents a substantial portion of operational costs. The emergence of technological innovations, such as wearable devices, has brought about a transformative impact on the cost structure and manageability of medical equipment. One notable advancement is the introduction of Extracorporeal Membrane Oxygenation (ECMO) machines, which have become indispensable life-support devices in hospitals, clinics, and Ambulatory Surgical Centers (ASCs). The global market for ECMO machines is poised for growth due to factors like improved patient monitoring, cost-effectiveness, and enhanced patient adherence to health regimens. 

Get more information on Extracorporeal Membrane Oxygenation Machines Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Modality
  • Veno-venous and arterio-venous
  • Veno-arterial
• Product
  • ECMO machines
  • Softwares
• Component
  • Pumps
  • Oxygenators
  • Controllers
  • Cannula
  • Accessories
• Patient Type
  • Neonates
  • Pediatric
  • Adult
• Geography
  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
  • Asia
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing incidence of respiratory and heart failure
• Rising number of new product launches
• Growing number of organ transplant procedures

However, the market also witnesses some limitations, which are as follows:

• High costs associated with cardiac and respiratory procedures
• Complications related to ECMO procedures and presence of alternatives
• Frequent ECMO machine recalls

Benefits of Buying Global Extracorporeal Membrane Oxygenation Machines Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Extracorporeal Membrane Oxygenation Machines Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Extracorporeal Membrane Oxygenation (ECMO) machines market encompasses innovative technologies and solutions for remote monitoring, surgical procedures, and critical care medicine. This market caters to healthcare providers and specialty clinics, focusing on supply chain management, quality control, and patient safety. Medical device regulations play a crucial role in ensuring the biocompatibility and safety of these devices. Key market trends include technological advances in centrifugal pumps, enhanced oxygenators, and portable ECMO devices. The global market for ECMO machines is driven by major trends such as hospital acquisitions, clinical trials, and global market trends in chronic respiratory and cardiovascular conditions. Major players in this market include Braile Biomedica and CytoSorbents Corporation. The market is segmented geographically, with significant growth in the veno-venous segment due to its application in respiratory failures. The market also witnesses ongoing innovations in ECMO technology, such as specialized ECMO for neonatal and pediatric patients, and artificial intelligence integration for improved cardiopulmonary support. Advertisements and promotional activities provide company product insights, highlighting major trends and parent market analysis. Overall, the ECMO machines market continues to evolve, driven by advancements in technology and the growing demand for effective solutions in critical care medicine.

Market Research Overview

The Extracorporeal Membrane Oxygenation (ECMO) machines market is a segment of the expansive global healthcare equipment industry. This market, according to Technavio, is integrated within the larger healthcare equipment market, which encompasses firms and innovations pertaining to capital equipment, instruments, implants, accessories, and consumables. The healthcare equipment market's size is determined by the consolidated revenue generated by manufacturers of diagnostic tools and devices utilized across diverse therapy areas. The healthcare equipment sector is divided into Devices, which includes advanced, differentiated, and clinically validated data-driven devices. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/