Extracorporeal Membrane Oxygenation Ecmo Systems Market Size, Share, Industry Trends and Forecast to 2030

Extracorporeal Membrane Oxygenation (ECMO) Systems Market Size & CAGR

The global Extracorporeal Membrane Oxygenation (ECMO) Systems market is expected to reach a CAGR of 6.2% from 2021 to 2028. This growth is anticipated to result in a market size of USD 3.5 billion by the end of 2028.

COVID-19 Impact on the ECMO Systems Market

The COVID-19 pandemic has had a significant impact on the ECMO Systems market. The increased number of critical COVID-19 patients requiring advanced respiratory support has led to a surge in the demand for ECMO Systems globally. Hospitals and healthcare facilities have been investing in ECMO technology to manage severe cases of COVID-19 and provide life-saving treatment to patients.

Extracorporeal Membrane Oxygenation (ECMO) Systems Dynamics

The ECMO Systems market is driven by factors such as the increasing incidence of respiratory diseases, technological advancements in ECMO technology, and the growing adoption of ECMO therapy in intensive care units. The market is also influenced by factors like the availability of skilled healthcare professionals and the rising healthcare expenditure worldwide.

Segments and Related Analysis

The ECMO Systems market can be segmented based on component, modality, application, and region. By component, the market is divided into pumps, oxygenators, cannulae, consoles, and accessories. By modality, ECMO Systems are categorized into veno-venous (VV) ECMO and veno-arterial (VA) ECMO. Applications of ECMO Systems include respiratory, cardiac, and extracorporeal cardiopulmonary resuscitation (ECPR).

By Region Analysis

Regionally, North America currently holds the largest share of the global ECMO Systems market, followed by Europe and Asia Pacific. The high prevalence of respiratory diseases, well-established healthcare infrastructure, and technological advancements in ECMO devices are the key factors driving market growth in these regions.

Key Market Players and Competitive Landscape

Some of the key players in the ECMO Systems market include Getinge AB, LivaNova PLC, Medtronic Plc, Terumo Corporation, and MicroPort Scientific Corporation. These companies are focusing on product innovation, strategic partnerships, and acquisitions to strengthen their market presence and expand their product offerings.

Recent Happenings in the ECMO Systems Market

In recent developments, Getinge AB launched a new ECMO system with advanced features for improved patient outcomes. LivaNova PLC announced a collaboration with a leading research institute to develop innovative ECMO technology. These advancements highlight the ongoing efforts in the ECMO Systems market to enhance patient care and outcomes.