Extracorporeal Membrane Oxygenation Medical Device Market was valued at USD 2.3 Billion in 2022 and is projected to reach USD 4.5 Billion by 2030, growing at a CAGR of 8.9% from 2024 to 2030.
The Extracorporeal Membrane Oxygenation (ECMO) Medical Device Market witnessed notable growth from 2018 to 2022, driven by an increased demand for life-saving respiratory support devices during critical illnesses. ECMO is used to provide long-term cardiac and respiratory support to patients whose heart and lungs are severely compromised. The growing prevalence of chronic respiratory diseases, advancements in ECMO technology, and rising awareness about life-saving devices significantly contributed to the market's expansion in the past few years.
During the 2018-2022 period, ECMO device manufacturers saw increased adoption across hospitals, especially due to the rising incidence of COVID-19 and other severe respiratory conditions. According to estimates, ECMO procedures surged during the pandemic, reflecting an uptick in demand for advanced medical devices in intensive care units (ICUs). The market saw a rapid technological evolution, with manufacturers introducing more efficient, user-friendly ECMO devices designed to streamline operation and enhance patient safety.
Looking ahead to 2023-2033, the ECMO Medical Device Market is poised for continued growth, fueled by the evolving landscape of healthcare and medical technology. The rise of minimally invasive ECMO devices, combined with improvements in automation and digital health technologies, is expected to propel market demand in the next decade. Additionally, an aging global population, along with increasing incidences of heart failure, chronic obstructive pulmonary disease (COPD), and other respiratory diseases, will further support the demand for ECMO systems. Furthermore, emerging markets in Asia Pacific and Latin America are likely to become key players in the ECMO medical device space, as healthcare systems in these regions continue to expand and modernize.
As hospitals around the world invest in more advanced and portable ECMO systems, the market’s potential for growth becomes increasingly clear. Increased healthcare expenditure, government funding, and public-private partnerships aimed at improving healthcare infrastructure will also play pivotal roles in expanding access to ECMO devices. These factors will continue to shape the market through 2033, positioning ECMO as a cornerstone of modern critical care.
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Medtronic
Getinge (Maquet)
LivaNova (Sorin)
Terumo
Fresenius Medical Care
Chinabridge (Shenzhen) Medical Technology Co.
Ltd.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Extracorporeal Membrane Oxygenation Medical Device Market
Aldult
Child
Based on Types the Market is categorized into Below types that held the largest Extracorporeal Membrane Oxygenation Medical Device market share In 2023.
Extracorporeal Membrane Oxygenation Equipment
Extracorporeal Membrane Oxygenation Consumables
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Extracorporeal Membrane Oxygenation Medical Device Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Extracorporeal Membrane Oxygenation Medical Device Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Extracorporeal Membrane Oxygenation Medical Device Market, By Type
6. Global Extracorporeal Membrane Oxygenation Medical Device Market, By Application
7. Global Extracorporeal Membrane Oxygenation Medical Device Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Extracorporeal Membrane Oxygenation Medical Device Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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