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Global Extracorporeal Membrane Oxygenation Market: By Component: Pumps, Oxygenator, Controllers, Cannula, Accessories; By Modality: Veno-Arterial, Others; By Patient Type; By Application; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Extracorporeal Membrane Oxygenation Market Outlook
The global extracorporeal membrane oxygenation market stood at a value of around USD 210 million in 2020. The market is further expected to grow at a CAGR of 4.8% in the forecast period of 2022-2027 to attain a value of USD 278 million by 2026.
Pumps Segment to Account for a Significant Market Share of the Global Extracorporeal Membrane Oxygenation Industry
Based on component, the pumps segment is predicted to hold a significant market share in the extracorporeal membrane oxygenation industry. The pumps are an essential element in the ECMO machine that helps pump the blood from the patient's body to the machine and then back. The increased implementation of ECMO machines with the increasing patient population globally is driving the demand for pumps.
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Moreover, in terms of application, the respiratory segment is estimated to observe a significant growth as a result of the increasing respiratory diseases, especially among the geriatric population, and the rising levels of air pollution in the world. These factors are expected to contribute to the overall market growth in the forecast period.
North America to Occupy a Substantial Market Share in the Global Extracorporeal Membrane Oxygenation Industry
North America is estimated to hold a substantial share of the extracorporeal membrane oxygenation industry in the forecast period. This growth can be attributed to the presence of leading manufacturers of ECMO machines in the region. In addition, the growing geriatric population, susceptible to most cardiopulmonary diseases, is leading to increased investments in ECMO technology by the government and the manufacturers in the region. Furthermore, according to the World Population Report issued by the UN in 2019, the population ageing phenomenon is increasingly being observed worldwide. In North America, particularly, the ratio is expected to rise from 30 persons aged above 65 per 100 people in 2019 to 49 people aged above 65 per 100 people in 2050.
Extracorporeal Membrane Oxygenation: Industry Definition and Segmentation
Extracorporeal membrane oxygenation (ECMO) refers to a life support machine. It is utilised by patients with severe illnesses that render their heart and lungs unable to function properly. ECMO replaces the functions of the heart and lungs in order to provide oxygen to the patient’s body and help them pump enough blood. The machine is linked to the patient's body with the help of plastic cannulas that pumps blood from the patient's body to an artificial lung, which adds oxygen to it and removes the carbon dioxide, after which the blood is sent back to the patient's body via another pump with the same pressure as the heart. Patients of all ages utilise ECMO during instances of heart and respiratory failure and in the process of cardiopulmonary resuscitation.
By component, the market is divided into:
- Pumps
- Oxygenator
- Controllers
- Cannula
- Accessories
On the basis of modality, the market can be segmented into:
- Veno-Arterial
- Veno-Venous
- Arterio- Venous
Based on patient type, the industry can be categorised into:
- Neonates
- Paediatric
- Adult
On the basis of application, the market can be distributed into:
- Respiratory
- Cardiac
- Extracorporeal Cardiopulmonary Resuscitation (ECPR)
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Heightened Prevalence of Cardiovascular Illnesses and the Rampant Spread of the Covid-19 Infection to Drive the Global Extracorporeal Membrane Oxygenation Industry
According to the WHO, cardiovascular diseases are a leading cause of death globally, with around 17.9 million casualties every year. In addition, most cardiovascular diseases are accompanied by pulmonary ailments such as chronic obstructive pulmonary disease (COPD) and emphysema, among others. In this regard, ECMO machines are widely utilised during the treatment and rehabilitation of patients. Moreover, due to the rampant spread of the Covid-19 virus worldwide, the demand for ECMO machines has increased significantly. These machines are essential in the treatment of patients with severe Covid-19 infection, as their weakened immunity and long-term symptoms make them susceptible to organ failure. These factors are estimated to positively impact the market growth in the forecast period.
Key Industry Players in the Global Extracorporeal Membrane Oxygenation Market
The report gives a detailed analysis of the following key players in the global extracorporeal membrane oxygenation market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Medtronic PLC
- LivaNova PLC
- Terumo Corporation
- MicroPort Scientific Corporation
- Getinge AB
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, Modality, Patient Type, Application, Region |
| Breakup by Component | Pumps, Oxygenator, Controllers, Cannula, Accessories |
| Breakup by Modality | Veno-Arterial, Veno-Venous, Arterio-Venous |
| Breakup by Patient Type | Neonates, Paediatric, Adult |
| Breakup by Application | Respiratory, Cardiac, Extracorporeal Cardiopulmonary Resuscitation (ECPR) |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Medtronic PLC, LivaNova PLC, Terumo Corporation, MicroPort Scientific Corporation, Getinge AB, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Extracorporeal Membrane Oxygenation Market Analysis
8.1 Key Industry Highlights
8.2 Global Extracorporeal Membrane Oxygenation Historical Market (2017-2021)
8.3 Global Extracorporeal Membrane Oxygenation Market Forecast (2022-2027)
8.4 Global Extracorporeal Membrane Oxygenation Market by Component
8.4.1 Pumps
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Oxygenator
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Controllers
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Cannula
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Accessories
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2017-2021)
8.4.5.3 Forecast Trend (2022-2027)
8.5 Global Extracorporeal Membrane Oxygenation Market by Modality
8.5.1 Veno-Arterial
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Veno-Venous
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Arterio-Venous
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.6 Global Extracorporeal Membrane Oxygenation Market by Patient Type
8.6.1 Neonates
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Paediatric
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Adult
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.7 Global Extracorporeal Membrane Oxygenation Market by Application
8.7.1 Respiratory
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.2 Cardiac
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2017-2021)
8.7.2.3 Forecast Trend (2022-2027)
8.7.3 Extracorporeal Cardiopulmonary Resuscitation (ECPR)
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2017-2021)
8.7.3.3 Forecast Trend (2022-2027)
8.8 Global Extracorporeal Membrane Oxygenation Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Medtronic PLC
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 LivaNova PLC
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Terumo Corporation
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 MicroPort Scientific Corporation
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Getinge AB
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global Extracorporeal Membrane Oxygenation Market: Key Industry Highlights, 2016 and 2026
2. Global Extracorporeal Membrane Oxygenation Historical Market: Breakup by Component (USD Million), 2017-2021
3. Global Extracorporeal Membrane Oxygenation Market Forecast: Breakup by Component (USD Million), 2022-2027
4. Global Extracorporeal Membrane Oxygenation Historical Market: Breakup by Modality (USD Million), 2017-2021
5. Global Extracorporeal Membrane Oxygenation Market Forecast: Breakup by Modality (USD Million), 2022-2027
6. Global Extracorporeal Membrane Oxygenation Historical Market: Breakup by Patient Type (USD Million), 2017-2021
7. Global Extracorporeal Membrane Oxygenation Market Forecast: Breakup by Patient Type (USD Million), 2022-2027
8. Global Extracorporeal Membrane Oxygenation Historical Market: Breakup by Application (USD Million), 2017-2021
9. Global Extracorporeal Membrane Oxygenation Market Forecast: Breakup by Application (USD Million), 2022-2027
10. Global Extracorporeal Membrane Oxygenation Historical Market: Breakup by Region (USD Million), 2017-2021
11. Global Extracorporeal Membrane Oxygenation Market Forecast: Breakup by Region (USD Million), 2022-2027
12. North America Global Extracorporeal Membrane Oxygenation Historical Market: Breakup by Country (USD Million), 2017-2021
13. North America Global Extracorporeal Membrane Oxygenation Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Europe Global Extracorporeal Membrane Oxygenation Historical Market: Breakup by Country (USD Million), 2017-2021
15. Europe Global Extracorporeal Membrane Oxygenation Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Asia Pacific Global Extracorporeal Membrane Oxygenation Historical Market: Breakup by Country (USD Million), 2017-2021
17. Asia Pacific Global Extracorporeal Membrane Oxygenation Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Latin America Global Extracorporeal Membrane Oxygenation Historical Market: Breakup by Country (USD Million), 2017-2021
19. Latin America Global Extracorporeal Membrane Oxygenation Market Forecast: Breakup by Country (USD Million), 2022-2027
20. Middle East and Africa Global Extracorporeal Membrane Oxygenation Historical Market: Breakup by Country (USD Million), 2017-2021
21. Middle East and Africa Global Extracorporeal Membrane Oxygenation Market Forecast: Breakup by Country (USD Million), 2022-2027
22. Global Extracorporeal Membrane Oxygenation Market Structure
Key Questions Answered in the Report
In 2020, the global extracorporeal membrane oxygenation market attained a value of nearly USD 210 million.
The market is projected to grow at a CAGR of 4.8% between 2022 and 2027.
The major drivers of the industry such as the increased demand for ECMO machine for people suffering from cardiopulmonary diseases, rising geriatric population, steadily increasing patient population globally, and the rapid investments in the research and development of ECMO technology by the leading manufacturers are driving the market growth.
The key market trends guiding the growth of the industry include the increased incidences of COVID-19 infections and heightened prevalence of cardiovascular diseases.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The market is divided based on component into pumps, oxygenator, controllers, cannula, and accessories.
The major segments based on modality include veno-arterial, veno-venous, and arterio-venous.
The significant segments based on patient type include neonates, paediatrics, and adults.
The major application segments include respiratory, cardiac, and extracorporeal cardiopulmonary resuscitation (ECPR).
The major players in the industry are Medtronic PLC, LivaNova PLC, Terumo Corporation, MicroPort Scientific Corporation, and Getinge AB, among others.
Analyst Review
The global extracorporeal membrane oxygenation market attained a value of USD 210 million in 2020, driven by the increased prevalence of cardiovascular diseases. Aided by heightened demand of ECMO machines due to the rampant COVID-19 infections and rising geriatric population, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 4.8%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By component, the market can be distributed into pumps, oxygenator, controllers, cannula, and accessories. On the basis of modality, the industry can be segmented into veno-arterial, veno-venous, and arterio-venous. Based on patient type, the industry can be segregated into neonates, paediatrics, and adults. The industry can be categorised, based on applications into respiratory, cardiac, and extracorporeal cardiopulmonary resuscitation (ECPR). The major regional markets for the extracorporeal membrane oxygenation are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Medtronic PLC, LivaNova PLC, Terumo Corporation, MicroPort Scientific Corporation, and Getinge AB, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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