Middle East & Africa Extracorporeal Membrane Oxygenation Machine Market Size & Outlook
Middle East & Africa extracorporeal membrane oxygenation machine market, 2018-2030 (US$M)
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MEA extracorporeal membrane oxygenation machine market highlights
- The MEA extracorporeal membrane oxygenation machine market generated a revenue of USD 13.4 million in 2023.
- The market is expected to grow at a CAGR of 5.3% 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, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 13.4 million |
| Market revenue in 2030 | USD 19.3 million |
| Growth rate | 5.3% (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, MEA region accounted for 4.4% 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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Middle East & Africa 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 35.07% in 2023. Horizon Databook has segmented the Middle East & Africa 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 Middle Eastern countries, such as Saudi Arabia are the prospering economies and are rapidly growing. The expanding health insurance penetration, increasing privatization and regional disease burden can act as primary factors responsible for growth of ECMO market.
The advancements in the healthcare system are expected to increase the demand for ECMO in this region. Varying socio-economic conditions and political developments across the Middle East region is entirely conceivable for companies to find opportunities for the R&D in healthcare industry.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa extracorporeal membrane oxygenation machine market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa extracorporeal membrane oxygenation machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA extracorporeal membrane oxygenation machine market size, by country, 2018-2030 (US$M)
Middle East & Africa Extracorporeal Membrane Oxygenation Machine Market Outlook Share, 2023 & 2030 (US$M)
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