Canada Extracorporeal Membrane Oxygenation Machine Market Size & Outlook
Canada extracorporeal membrane oxygenation machine market, 2018-2030 (US$M)
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Canada extracorporeal membrane oxygenation machine market highlights
- The Canada extracorporeal membrane oxygenation machine market generated a revenue of USD 41.8 million in 2023 and is expected to reach USD 58.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.8% from 2024 to 2030.
- In terms of segment, oxygenators was the largest revenue generating component in 2023.
- Oxygenators is the most lucrative component segment registering the fastest growth during the forecast period.
Extracorporeal membrane oxygenation machine market data book summary
| Market revenue in 2023 | USD 41.8 million |
| Market revenue in 2030 | USD 58.2 million |
| Growth rate | 4.8% (CAGR from 2023 to 2030) |
| Largest segment | Oxygenators |
| Fastest growing segment | Oxygenators |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Blood Pumps, Oxygenators, Heater - cooler unit, Tubing |
| Key market players worldwide | Medtronic PLC, Getinge AB Class B, MicroPort Scientific Corp, Terumo Corp, Nipro Corp, LivaNova PLC, CytoSorbents Corp |
Other key industry trends
- In terms of revenue, Canada accounted for 13.6% of the global extracorporeal membrane oxygenation machine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. extracorporeal membrane oxygenation machine market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 114.7 million by 2030.
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Extracorporeal Membrane Oxygenation Machine Market Scope
Extracorporeal Membrane Oxygenation Machine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada extracorporeal membrane oxygenation machine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to extracorporeal membrane oxygenation machine market will help companies and investors design strategic landscapes.
Oxygenators was the largest segment with a revenue share of 34.93% in 2023. Horizon Databook has segmented the Canada extracorporeal membrane oxygenation machine market based on blood pumps, oxygenators, heater - cooler unit, tubing covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is one of the most developed and advanced economies in the world. Canada has a strong focus towards medical and healthcare infrastructure. As per 2011-2105 World Bank health expenditure, Canada spends nearly 10.4% of its GDP on healthcare. Moreover, increasing adoption of ECMO machines in hospitals, technological advancement in ECMO and hospital care services are expected to foster the market growth during the forecast period.
Moreover, increasing prevalence of diseases such as respiratory failure and cardiopulmonary diseases in the region accounts for significant market share of extracorporeal membrane oxygenation market. According to the heart and stroke foundation of Canada, in 2012 nearly 14,000 people died because of heart attack and more than 13,000 people died because of stroke.
Additionally, increasing healthcare innovations, and increasing awareness about the ECMO machines is expected to increase the investment of the Canadian government agencies in medical devices sector which is further expected to boost the demand for extracorporeal membrane oxygenation systems over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada extracorporeal membrane oxygenation machine market , including forecasts for subscribers. This country databook contains high-level insights into Canada extracorporeal membrane oxygenation machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada extracorporeal membrane oxygenation machine market size, by component, 2018-2030 (US$M)
Canada Extracorporeal Membrane Oxygenation Machine Market Outlook Share, 2023 & 2030 (US$M)
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