Global ECMO Machine Market Opportunities and Forecast 2023-2030

ECMO Machine Market Overview

The growth of the extracorporeal membrane oxygenation (ECMO) system market can be contributed to the growing as and respiratory diseases, rising adoption of ECMO as a bridge to respiratory organ transplantation, growing respiratory of ECMO centers, conferences & coaching programs to extend awareness, and technological advancements. additionally, the rising geriatric population and also the range of individuals suffering from diseases in populous countries like India & China are factors that area unit expected to supply important growth opportunities for ECMO systems.
 
However, complications related to extracorporeal membrane natural action machine like bleeding, infections, and technical failures; together with high price and lack of adept professionals may be a challenge to the market.

The covid-19 Impact on ECMO Machine Market:

Like several different industries, COVID-19 badly knocked the electronic and semiconductor trade. This new event has compact nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It's calculable that COVID-19 to depart over USD thirty billion impacts on the physics and semiconductor trade. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount.
 
ECMO Machine Market Segment Overview



By Modality, The veno-arterial segment accounted for the largest share of forty one.8% in 2020 and is expected to grow at a healthy CAGR throughout the forecast amount. the biggest size of the segment is primarily attributed to its high usage in treating patients with cardiac arrest, helping with algorithm life support methods to revive blood circulation.
 
By Application , The respiratory segment accounted for the largest share in forecast period.The key drivers of the segment include the increasing prevalence of respiratory disorders and rising awareness of ECMO procedures. consistent with the statistics published by the ELSO, over 2,600 patients suffering from respiratory illnesses in the U.S. underwent ECMO therapy in 2015.
 
Market Analysis, Insights and Forecast – By Modality
·       Veno-Arterial (VA)
·       Veno-Venous (VV)
·       Others

Market Analysis, Insights and Forecast – By Application
·       Respiratory Applications
·       Cardiac Applications
·       Extracorporeal Cardiopulmonary Resuscitation (ECPR)
 
ECMO Machine Market Regional Overview

Region-wise, in terms of regions, APAC is estimated to be the largest market for EVA . The market within the region is primarily driven by the rising demand for durable plastic products from the footwears, pharmaceuticals, and photovoltaic panels segments.

ECMO Machine Market, By Geography

·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
 
ECMO Machine Market Competitor overview

Some key developments and strategies adopted by manufacturers in the ECMO Machine are highlighted below.
 
·       In 2020, Hanwha Chemical merged with Hanwha Q CELLS and Advanced Materials and got renamed as Hanwha Solution.

ECMO Machine Market, Key Players

·       Medtronic plc
·       Sorin Group
·       Terumo Cardiovascular Systems Corporation
·       MAQUET Holding B.V. & Co. KG
·       Medos Medizintechnik AG
·       Nipro Medical Corporation
·       Microport Scientific Corporation

Frequently Asked Questions (FAQ) :

Q1. What is the total CAGR expected to be recorded for the ECMO Machine market during the forecast period?

Q2. Which segment is projected to hold the largest share in the ECMO Machine Market?

Q3. What are the driving factors for the ECMO Machine market?

Q4. Which Segments are covered in the ECMO Machine market report?

Q5. Which are the prominent players offering ECMO Machine ?