Extracorporeal membrane oxygenation is a machine that helps people with the life risking illness that stops their lungs or heart from working properly. For instance, extracorporeal membrane oxygenation (ECMO) machine is used during life risking indications such as shock after a massive heart attack, or severe lung damage from infection. Extracorporeal membrane oxygenation (ECMO) machine is the replacement for the function of the lungs and heart.
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The people who need support from an extracorporeal membrane oxygenation (ECMO) machine are cared in the intensive care unit of the hospitals. Depending on how the condition of the patients’ progresses, the support of extracorporeal membrane oxygenation (ECMO) machine is given for only a few hours to days, but may require it for a few weeks. According to the research report, the global extracorporeal membrane oxygenation machine market was valued at US$487.40 mn by the end of 2025 from US$307.00 mn in 2016. During the forecast years of 2017 and 2025, the global market is expected to surge at a CAGR of 5.4%.
Adoption of ECMOs in Intensive Care Units to Spike Demand
Extracorporeal membrane oxygenation (ECMO) machine is used for people whose heart cannot pump enough blood to the body, or lungs cannot exhale carbon dioxide even with help from a mechanical ventilator, or lungs cannot provide enough oxygen to the body even giving oxygen mechanically.
Rising incidence of cardiovascular and respiratory diseases are driving the growth of the global extracorporeal membrane oxygenation machine market. Increasing need for use of extracorporeal membrane oxygenation (ECMO) machines in newborns boosts the demand for the extracorporeal membrane oxygenation (ECMO) machines. Rising prevalence of persistent pulmonary hypertension of the newborn (PPHN), respiratory distress syndrome (RDS), congenital diaphragmatic hernia (CDH), and meconium aspiration syndrome in infants drives the global extracorporeal membrane oxygenation machine market. Increasing preference for the extracorporeal membrane oxygenation (ECMO) machine boosts the market exponentially.
Growing awareness about treating complicated respiratory issues and increasing disposable income in the emerging economies are also expected to support the global ECMO market. The report also points out that better healthcare facilities in developed nations, supportive insurance schemes, and affordable healthcare are also likely to fuel the growth of the overall market in the forthcoming years. The growing investments by governments of developing countries to improve the healthcare infrastructure is projected to have a positive impact on the global ECMO market in the long run. The report also highlights that increasing adoption of ECMOs for intensive care in critical conditions has worked in favor of the market. The unfortunate rise in demand for long-term oxygenation support for patients awaiting lung transplantation has played an integral role in augmenting the growth of the global ECMO market.
High Cost of Machines acts as an Impediment
Despite the powerful market drivers, the global extracorporeal membrane oxygenation (ECMO) machine market is likely to come across a few restraints. The high cost associated with the extracorporeal membrane oxygenation (ECMO) machine a considered to be one the most significant restraints for the global market. However, the consistent investment in research and development of better technology is projected to open up several lucrative opportunities for the global market.