About Extracorporeal Membrane Oxygenation Machine
Extracorporeal membrane oxygenation (ECMO) machines used to pump and oxygenate a patient's blood outside the body, allowing the heart and lungs to rest. These machines are similar to heart-lung bypass machines used during open-heart surgery. These machines used for patients recovering from heart failure, or lung failure or heart surgery, support during high-risk procedures in the cardiac catheterization lab, as a bridge to heart assist devices, such as left ventricular assist device (LVAD), and other purposes.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Extracorporeal Membrane Oxygenation Machine market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Medtronic plc (Ireland), Getinge Group (Sweden), Terumo Corporation (Japan), LivaNova PLC (United Kingdom), XENIOS AG (Germany), ALung Technologies, Inc. (Germany), EUROSETS S.r.l. (Italy), MicroPort Scientific Corporation (China), NIPRO Corporation (Japan) and OriGen Biomedical, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are EUROSETS NIPRO (Japan), MicroPort Scientific Corporation (China), Maquet Holding GmbH & Co. KG (Germany), Terumo Corporation (Japan) and LivaNova PLC (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Extracorporeal Membrane Oxygenation Machine market by Type (VA ECMO Machine and VV ECMO Machine), Application (Congenital diaphragmatic hernia (CDH), Birth defects of the heart, Meconium aspiration syndrome (MAS), Severe pneumonia, Severe air leak problems and Severe high blood pressure in the arteries of the lungs (PPHN)) and Region.
On the basis of geography, the market of Extracorporeal Membrane Oxygenation Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Patient Type, the sub-segment i.e. Neonates will boost the Extracorporeal Membrane Oxygenation Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Portable ECMO Machine
Market Growth Drivers:
Increased Prevalence of Cardiovascular and Respiratory Diseases and Increased Number of ECMO Centres
Challenges:
Lack of Skilled Professionals
Restraints:
Risk Associated with Extracorporeal Membrane Oxygenation Machine such as Bleeding, Blood Clot Forming and Infection
Opportunities:
Increasing Applications of ECMO Machines and Technological Advancements in the ECMO Machines
Market Leaders and their expansionary development strategies
In November 2023, A consortium of ECMO manufacturers, healthcare providers, and patient advocacy groups joined forces to establish standardized training protocols and best practices for ECMO therapy, ensuring optimal patient care and safety across different institutions.
In October 2023, LivaNova launched its "PHLAPS HF" portable ECMO system, designed for rapid deployment and early intervention in patients with heart failure, potentially improving survival rates.
Key Target Audience
Extracorporeal Membrane Oxygenation Machine Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.