Extracorporeal Membrane Oxygenation Systems Market Size, Share and Prospects by 2032
According to Future Market Insights' extracorporeal membrane oxygenation systems market analysis, the extracorporeal membrane oxygenation systems market is growing steadily at a CAGR of 5% between 2022 and 2032. (FMI).
Recent advancements in extracorporeal membrane oxygenation
systems market innovations, such as miniaturisation of ECMO components such as
hollow pumps, which are used in various surgeries, aid in the transportation of
critically ill patients, thereby increasing the size of the ECOM systems
market.
According to the ECOM systems market study, the increased
use of ECMO has fueled technological advancements in extracorporeal membrane
oxygenation machines, with oxygenators and heparin-coated cannulas being two
major emerging trends in the ECOM systems market.
Extracorporeal membrane oxygenation devices are used in
life-threatening situations when other forms of supportive care have failed,
according to the study. Furthermore, due to its wide range of applications, the
use of ECMO in various healthcare settings has increased significantly.
Several government organisations advocate for the use of
ECMO procedures. GOLD (Global Initiative for Chronic Obstructive Lung Disease)
is one of them. It is a campaign that aims to raise awareness about COPD and
its treatment, which includes the use of an ECMO oxygen machine, thereby
positively influencing the adoption trends of ECMO systems.
The sudden increase in COVID-19 cases, combined with an
increase in critically ill patients requiring additional life support, has
increased demand for ECMO machines. Extracorporeal membrane oxygenation therapy
has been the preferred treatment option for patients with severe acute
respiratory distress syndrome.
A growing number of supportive government policies, as well
as the rapid FDA approval of extracorporeal membrane oxygenation equipment for
emergency use, have significantly increased the market opportunities for ECOM
systems.
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Furthermore, to meet the rising demand for assistive
technologies, several companies are increasing their market share of ECOM
systems by expanding their manufacturing capabilities.
Because of the aforementioned factors, the ECOM systems
market is expected to generate approximately US$ 673 Million 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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