Press release
Medical Extracorporeal Membrane Oxygenation Machine (ECMO) Market Revenue Share, Insights & Future Outlook
How big is the ECMO market expected to be by 2030?The global market for Medical Extracorporeal Membrane Oxygenation Machine (ECMO) was estimated to be worth US$ 521.8 million in 2023 and is forecast to reach a revised size of US$ 728.3 million by 2030, growing at a CAGR of 4.9% during the forecast period 2024-2030.
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ECMO plays a vital role in advanced life support, providing oxygenation and carbon dioxide removal for patients whose lungs and heart need temporary assistance. Doctors choose tube sizes based on the patient's age, weight, and medical condition. The system uses cannulas to transfer blood from the heart, pumps it through tubes to the ECMO machine where oxygen is added and carbon dioxide is removed, and then returns warmed blood to the body.
According to research, the global medical devices market was valued at US$ 603 billion in 2023 and is projected to grow at a CAGR of 5% over the next six years. Medical devices account for nearly 10% of global GDP in healthcare spending, reflecting rising demand due to:
• Aging populations
• Prevalence of chronic and infectious diseases
• Expansion of emerging markets
• Advances in medical technology
• Increasing awareness about early diagnosis and treatment
The ECMO market is a critical component of this broader medical devices sector.
Which companies are leading the ECMO market worldwide?
Market Segmentation:
By Type
• Portable Devices
• Static Devices
By Application
• Neonates
• Pediatrics
• Adults
Key Companies:
• Terumo - A leader in cardiovascular technologies, providing innovative ECMO systems tailored to patient needs.
• Medtronic - Specializes in life-saving medical devices including advanced extracorporeal support solutions.
• Getinge Group - Known for critical care equipment with strong ECMO product offerings.
• LivaNova - Focused on cardiovascular and neuromodulation solutions, including ECMO technology.
• MicroPort - Provides innovative life science solutions in cardiovascular health and critical care.
• XENIOS (a Fresenius Medical Care company) - Specializes in extracorporeal life support and innovative ECMO systems.
• OriGen Biomedical - Offers specialized ECMO cannulas and blood gas exchange products.
• EUROSETS - Provides advanced cardiopulmonary solutions, including ECMO devices.
• Hemovent - Known for portable ECMO devices with innovative micro-technology.
• Fresenius Medical Care - A global leader in renal and extracorporeal therapies.
• Nipro Corporation - Specializes in medical and pharmaceutical devices, including extracorporeal circulation solutions.
• Cytosorbents Corporation - Develops advanced blood purification technologies.
• Abiomed - Recognized for heart pump and circulatory support systems.
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