China Extracorporeal Membrane Oxygenation Machine Market Size & Outlook
China extracorporeal membrane oxygenation machine market, 2018-2030 (US$M)
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China extracorporeal membrane oxygenation machine market highlights
- The China extracorporeal membrane oxygenation machine market generated a revenue of USD 15.7 million in 2023 and is expected to reach USD 24.3 million by 2030.
- The China market is expected to grow at a CAGR of 6.4% 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 15.7 million |
| Market revenue in 2030 | USD 24.3 million |
| Growth rate | 6.4% (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, China accounted for 5.1% 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 Asia Pacific, Japan extracorporeal membrane oxygenation machine market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 28.0 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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China 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 35.03% in 2023. Horizon Databook has segmented the China 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.
Based on the statistical data in 2013, China is among one of the fastest growing economies with a population of 1.3 billion. It is one of the fastest growing region for ECMO market owing to the presence of high research expenditure by public and private entities in research sector, technological advancements, and high level of collaborations between various stakeholders including medical fraternity, universities, and others.
The country spends 5.5% as healthcare expenditure and 2.01% as R&D expenditure of its total GDP, according to the World bank 2011-2015 report. Moreover, the country is known to be the second largest medical device market worldwide and the rising prevalence of diseases such as chronic obstructive pulmonary disease and cardiopulmonary diseases is also said to foster the market growth during the forecast period.
According to the report of the European society of cardiology in October 2011, 40.0% of total deaths in China occur because of cardiovascular diseases. Presence of various domestic manufacturers such as Microport Scientific Corporation and increasing number of domestic medical device manufacturer and distributors are among some factors that are indicating the growth of extracorporeal membrane oxygenation market.
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Target buyers of China extracorporeal membrane oxygenation machine market databook
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Our clientele includes a mix of extracorporeal membrane oxygenation machine market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the China extracorporeal membrane oxygenation machine market , including forecasts for subscribers. This country databook contains high-level insights into China extracorporeal membrane oxygenation machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China extracorporeal membrane oxygenation machine market size, by component, 2018-2030 (US$M)
China Extracorporeal Membrane Oxygenation Machine Market Outlook Share, 2023 & 2030 (US$M)
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