Advancements in Technology: A Driving Force in the Global Extracorporeal Membrane Oxygenation Machine Market Expected to Reach US$ 908 Billion by 2032

Jun 07, 2023

In the constantly developing field of medical technology, the Extracorporeal Membrane Oxygenation Machine Market has developed into a revolutionary tool in critical care. These life-supporting devices can provide temporary respiratory and/or cardiac support to patients with severe heart or lung failure. The ECMO system, which functions as an external lung or heart, oxygenates the patient’s blood and removes carbon dioxide, allowing their organs to rest and recover. The phenomenal expansion of the global market for ECMO devices is being driven by advancements in technology, more awareness, and an increase in respiratory and cardiac diseases.

ECMO machines, which were primarily used in paediatric settings when they were first used, are today used by newborns, kids, and adults alike. In addition to providing cardiac and respiratory support, they are now also employed for ECMO-assisted organ transplant procedures, the treatment of acute respiratory distress syndrome (ARDS), COVID-19-related respiratory failure, and the management of trauma-induced lung injury.

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Extracorporeal membrane oxygenation machine sales were estimated at US$ 531 million in 2021. From 2022 to 2032, the market is projected to grow steadily at a CAGR of 5%, reaching US$ 908 billion by the end of that year.

The market for ECMO machines has shown tremendous growth in recent years and is anticipated to keep growing quickly. The frequency of respiratory and cardiac disorders, the ageing of the population, and the increased need for sophisticated life-support systems are all factors that are fueling this expansion. Additionally, it is anticipated that ongoing research and development activities in ECMO technology would further improve its capabilities and stimulate market growth.

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Because of the presence of major players and the rising number of product launches, government support for high-quality healthcare, which is also seen as one of the key trends in the ECMO systems market, and the rising prevalence of diseases in the United States and Canada, such as chronic obstructive pulmonary disease, which increases hospital admission and is favoured by reimbursement policies, the North American market is anticipated to lead the ECMO systems market. an FMI analyst claims.

Competitive Landscape:

Major global players produce the majority of ECMO support systems. Market leaders have established their position by investing more in research and having a better distribution system.

To stay competitive in the market, extracorporeal membrane oxygenation machines manufacturers are actively involved in product launches and technological innovation.

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