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Extracorporeal Membrane Oxygenation Market Size

  • Report ID: GMI2720
  • Published Date: Apr 2023
  • Report Format: PDF
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Extracorporeal Membrane Oxygenation Market Size

Extracorporeal Membrane Oxygenation Market size was valued at more than USD 490 million in 2022 and is poised to register over 3.4% CAGR between 2023 and 2032.

 

Extracorporeal Membrane Oxygenation Market

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Extracorporeal membrane oxygenation is also known as extracorporeal life support. It is a life-supporting system that provides respiratory and cardiac support to the patients suffering from severe respiratory failure. Increasing awareness among patients regarding the importance of cardiopulmonary assistance for severe cardiac and respiratory conditions, thereby will accelerate the adoption rate of ECMO therapy.

Growing adoption of unhealthy habits such as excessive smoking, tobacco consumption, and alcohol consumption contribute to the existing burden of lung diseases. Moreover, a large patient population base is suffering from lung and heart diseases in highly populated countries such as China and India. This is expected to offer numerous industry growth opportunities in these countries.

Extracorporeal Membrane Oxygenation Market Report Attributes
Report Attribute Details
Base Year:2022
Extracorporeal Membrane Oxygenation Market Size in 2022:USD 490 Million
Forecast Period:2023 to 2032
Forecast Period 2023 to 2032 CAGR:3%
2032 Value Projection:USD 639 Million
Historical Data for:2018 to 2022
No. of Pages:145
Tables, Charts & Figures:196
Segments covered:Modality, Application, Patient Population, and Region
Growth Drivers:
  • Increase in cases of cardiopulmonary disease and respiratory failure in Asia Pacific
  • Technological advancements in ECMO devices in North America
  • Rising patient awareness about benefits delivered by extracorporeal membrane oxygenation devices in Latin America
  • Rising government initiatives and programs in Europe
Pitfalls & Challenges:
  • High cost of equipment
  • Dearth of skilled professionals
  • Risks related to ECMO devices
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Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market for ECMO stood at over USD 490 million in 2022 and is expanding consistently at more than 3% CAGR driven by the increasing prevalence of respiratory failure and cardiopulmonary diseases.

Extracorporeal cardiopulmonary resuscitation (ECPR) segment is expected to accumulate over 5% market share by 2032 owing to the increasing incidences of sudden cardiac arrests.

Ppediatric segment garnered over USD 100 million in 2022 driven by the increasing prevalence of several pediatric diseases, such as pneumonia, meconium aspiration syndrome, respiratory distress syndrome (RDS), and congenital diaphragmatic hernia (CDH).

North America amassed over 58% share of ECMO market in 2022 due to the increasing elderly populace and the considerable growth in healthcare expenditure across the region.

Extracorporeal Membrane Oxygenation Market Scope

  • Extracorporeal Membrane Oxygenation Market Size
  • Extracorporeal Membrane Oxygenation Market Trends
  • Extracorporeal Membrane Oxygenation Market Analysis
  • Extracorporeal Membrane Oxygenation Market Share

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    • Base Year: 2022
    • Companies covered: 14
    • Tables & Figures: 196
    • Countries covered: 19
    • Pages: 145
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