Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 10 Billion | USD 15 Billion | 7.1% | 2022 |
FrequentlyAsked Questions
Extracorporeal membrane oxygenation (ECMO), which is also known as extracorporeal life support (ECLS), is a technique extra corporeally that provides sustained cardiovascular and respiratory support to patients whose heart as well as lungs cannot provide enough exchange to sustain life.
The global extracorporeal membrane oxygenation market growth can be owing to the adoption of profitable business strategies such as new product launches and strategic alliances by firms to expand their business portfolio, regional presence, and profits.
According to a study, the global extracorporeal membrane oxygenation industry size was $10 billion in 2022 and is projected to reach $15 billion by the end of 2030.
The global extracorporeal membrane oxygenation market is anticipated to record a CAGR of nearly 7.1% from 2023 to 2030.
The Asia-Pacific extracorporeal membrane oxygenation industry is set to register the highest CAGR over the forecasting timeline owing to a rise in healthcare spending by the government and entrepreneurs. Economic growth in countries such as India and China coupled with supportive government policies associated with healthcare such as the construction of hospitals with improved healthcare services at reasonable costs and a large number of beds will spur the regional industry growth.
The global extracorporeal membrane oxygenation market is led by players such as EUROSETS S.r.l, Getinge Group, ALung Technologies Inc., Sorin Group, XENIOS AG, MAQUET Holding B.V. & Co. KG, OriGen Biomedical Inc., NIPRO Medical Corporation, Terumo Corporation, Medos Medizintechnik AG, Medtronic plc, and LivaNova PLC.
The extracorporeal membrane oxygenation market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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