Extracorporeal Membrane Oxygenation System Market Overview
Rising prevalence rates of lung cancer, increasing geriatric population, and improvements in ECMO technology are the major factors driving the global extracorporeal membrane oxygenation system market. An extracorporeal membrane oxygenation system (ECMO), a life support machine, is used to treat various heart and lung diseases.
Extracorporeal Membrane Oxygenation System Market Dynamics
The extracorporeal membrane oxygenation (ECMO) system market is expected to grow significantly in the coming years. This growth is being driven by a number of factors, including the rising technological advancements, increasing novel product launches, and an aging population.
Rising technological advancements are making ECMO a more effective and safer treatment option for a wider range of patients. For example, the development of smaller and more portable ECMO devices has made it possible to use ECMO in a wider range of settings, including outside of the hospital.
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The increasing geriatric population is also a major driver of the ECMO market. As the population ages, the number of people who are at risk of developing conditions that require ECMO treatment, such as heart failure and respiratory failure, is also increasing.
Extracorporeal Membrane Oxygenation System Market Segmentation Analysis
By Modality Type
- Veno-venous (VV)
- Veno-arterial (VA)
- Arterio-venous (AV)
By Type
- ECMO Machines
- Software
By Component
- Pump
- Oxygenator
- Controller
- Cannula
- Accessories
By Age Group
- Neonatal
- Pediatrics
- Adult
By Application
- Respiratory
- Cardiac
- Extracorporeal Cardiopulmonary Resuscitation (ECPR)
By Region
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
Major Companies Covered
MAQUET Holding B. V. & Co. KG, Medtronic plc, LivaNova PLC., XENIOS AG, Terumo Corporation, MicroPort Scientific Corporation, NIPRO Corporation, OriGen Biomedical Inc, Fresenius Medical care AG & Co. KGaA, EUROSETS S.r.l. and more.
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