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How Does Growing Preference for Portable ECMO Machines Impact Extracorporeal Membrane Oxygenation Machines Industry?

10-13-2022 06:01 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

How Does Growing Preference for Portable ECMO Machines Impact

In 2021, the extracorporeal membrane oxygenation machine industry contributes $529.4 million in revenue, and it is projected to reach $834.5 million in 2030, advancing at a rate of 5.2% in the coming future. It is ascribed to the growing prevalence of cardiopulmonary and respiratory diseases, and the rising number of people undergoing ECMO therapy caused by the growing incidences of chronic obstructive pulmonary diseases.

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In addition, heat-cooler units are projected to experience extensive growth in the near future, led by the wide usage of such units in transplantation or cardiothoracic surgeries, and the growing prevalence of cardiopulmonary diseases such as cystic fibrosis, and chronic obstructive pulmonary diseases.

Portable ECMO machines are largely popular due to their lightweight, and ease of transportation. These machines are majorly used in operative rooms, healthcare setups, cardiac care units, intensive care units, emergency rooms, and neonatal intensive care units. In addition, these devices are widely used in homecare settings in both emerging economies and developed regions.
ECMO machines utilized for respiratory applications contribute a significant revenue share, accounting for 45%, and it is projected to witness the fastest growth in the coming future. The growing prevalence of the target diseases, rising addiction to smoking and tobacco products, along with excessive alcohol consumption, may cause respiratory failure or chronic diseases, with the massive requirement for early diagnosis and diagnostic imaging proliferating the industry.

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Veno-arterial category witnesses the significant growth in the industry, accounting for over 5% in the coming years. It is led by the reliability, and effectiveness in gas exchange, due to wide usage of cardiac arrest patients, and providing assistance with algorithmic life support techniques to support blood flow. In addition, the rising usage of the veno-arterial for patients suffering from pulmonary hypertension, and thromboembolism, more specifically in abrupt decompensation cause industry propulsion.

The rising adoption of ECMO therapy is proportional to the growing awareness of patients on the advantages of cardiopulmonary support in the treatment of respiratory and cardiac diseases. The programs aimed at increasing awareness of ECMO machines and their applications in the developing regions of the Middle East and Asia, leading to the growing demand for these devices.

North America captures the largest share of the industry, accounting for 40% in 2021, and it is expected to follow the same trend in the coming future. It is led by the rising incidences of respiratory failures, cardiopulmonary disorders, and increasing ECMO machine adoption in regional hospitals.

Therefore, the rising adoption of extracorporeal membrane oxygenation machines is led by the growing prevalence of respiratory failures and cardiopulmonary diseases.

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

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