Latin America Extracorporeal Membrane Oxygenation Machine Market Size & Outlook
Latin America extracorporeal membrane oxygenation machine market, 2018-2030 (US$M)
Related Markets
Latin America extracorporeal membrane oxygenation machine market highlights
- The Latin America extracorporeal membrane oxygenation machine market generated a revenue of USD 19.4 million in 2023.
- The market is expected to grow at a CAGR of 6% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 19.4 million |
| Market revenue in 2030 | USD 29.2 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Oxygenators |
| Fastest growing segment | Oxygenators |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 6.3% of the global extracorporeal membrane oxygenation machine market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 108.0 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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Latin America 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 36.08% in 2023. Horizon Databook has segmented the Latin America 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.
The Latin America region’s economy is majorly driven by Brazil. The healthcare spending of this region is reported to be around 7.6% of GDP, which is third in terms of healthcare spending after North America and Western Europe. Growing health awareness, increasing demand for technologically upgraded medical devices for long term care are among some key factors that are expected to boost the market growth.
These countries have vibrant research relations with China and Europe. Furthermore, increasing private and government investment on R&D in healthcare, growing prevalence of chronic disorders such as respiratory failure and favorable reimbursement policies on medical devices are some of the factors that are expected to drive the demand for technologically improved equipment for long term care and thus expected to boost the usage rate of ECMO systems in hospitals over the forecast period.
Initiatives such as eHealth initiative taken by the Pan American health organization and World health organization in Latin America to improve the health of people is said to further support the growth of ECMO market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America extracorporeal membrane oxygenation machine market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America extracorporeal membrane oxygenation machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America extracorporeal membrane oxygenation machine market size, by country, 2018-2030 (US$M)
Latin America Extracorporeal Membrane Oxygenation Machine Market Outlook Share, 2023 & 2030 (US$M)
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