Extracorporeal Membrane Oxygenation Systems Market Trends and Forecast by 2032
The extracorporeal membrane oxygenation systems market is progressing steadily with a CAGR of 5% from 2022-2032, as per the extracorporeal membrane oxygenation systems market analysis by Future Market Insights (FMI).
Recent developments in extracorporeal membrane
oxygenation systems market innovations such as miniaturization
of ECMO components like hollow pumps, which are used in various surgeries, aids
in the transportation of critically ill patients, thereby increasing the ECOM
systems market size.
As per the ECOM systems market study, the rising use of
ECMO has sparked technological advancements in extracorporeal membrane
oxygenation machines of which oxygenators and heparin-coated cannulas
are two major emerging trends in the ECOM systems market.
The study finds that extracorporeal membrane
oxygenation devices are used in life-threatening situations when other
forms of supportive care have failed. Furthermore, the use of ECMO in various
healthcare settings has increased significantly owing to its wide range of
applications.
The adoption of ECMO procedures
is being promoted by several government organizations. One of them is GOLD
(Global Initiative for Chronic Obstructive Lung Disease), a campaign that aims
to raise awareness about COPD and its treatment, which includes the use
of ECMO oxygen machine thereby positively influencing
the ECMO systems adoption trends.
The sudden spike in COVID-19 cases, combined with an
increase in the number of critically ill patients requiring additional life
support, has pushed up demand for ECMO machines. For patients with
severe acute respiratory distress syndrome, extracorporeal membrane
oxygenation therapy has been the preferred treatment option.
An increasing number of supportive government policies and
the rapid FDA approval of extracorporeal membrane oxygenation equipment for
emergency use have significantly increased the ECOM systems market
opportunities.
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Moreover, several companies are scaling up ECOM
systems’ market share by expanding their manufacturing capabilities to
meet the rising demand for assistive technologies.
On account of the factors mentioned above, the ECOM systems
market is predicted to muster a revenue of about US$ 673 Mn by
2026.
Competitive Landscape: Companies
like Abbott Laboratories, Medtronic, Alung Technologies, and Terumo Corporation
dominate the global market.
Key Segments
By Product:
- ECMO
Machines
- Portable
Devices
- Static
Devices
- Software
By Service Type:
- Application
- Middleware
- Infrastructure
By Component:
- Pumps
- Oxygenators
- Controllers
- Cannul
- Assessories
By Modality:
- Veno-Venous
- Veno-Arterials
- Arterio-Venous
By Patient Type:
- Neonates
- Pediatrics
- Adults
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