U.S. Extracorporeal Membrane Oxygenation Machine Market Size & Outlook
U.S. extracorporeal membrane oxygenation machine market, 2018-2030 (US$M)
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U.S. extracorporeal membrane oxygenation machine market highlights
- The U.S. extracorporeal membrane oxygenation machine market generated a revenue of USD 79.9 million in 2023 and is expected to reach USD 114.7 million by 2030.
- The U.S. 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.
Extracorporeal membrane oxygenation machine market data book summary
| Market revenue in 2023 | USD 79.9 million |
| Market revenue in 2030 | USD 114.7 million |
| Growth rate | 5.3% (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, U.S. accounted for 26.0% 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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U.S. 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 35.79% in 2023. Horizon Databook has segmented the U.S. 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 U.S. dominated the overall North American market in terms of revenue share in 2020 with 65.4% share. As per 2011-2015 World Bank Health Expenditure, the U.S. spends nearly 17.1% of its GDP on healthcare.
Increasing prevalence chronic obstructive pulmonary disease, cardiopulmonary disease and respiratory failure in this region are some of the key factors that are expected to drive the market growth over the forecast period.
Furthermore, the attributing factors to boost the usage rate of extracorporeal membrane oxygenation include growing innovation in healthcare technologies, reducing healthcare expenditure, and increasing demand for ECMO devices in hospitals. Major players such as Medtronic Inc., Nipro Medical Corporation are headquartered in the U.S.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. extracorporeal membrane oxygenation machine market , including forecasts for subscribers. This country databook contains high-level insights into U.S. extracorporeal membrane oxygenation machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. extracorporeal membrane oxygenation machine market size, by component, 2018-2030 (US$M)
U.S. Extracorporeal Membrane Oxygenation Machine Market Outlook Share, 2023 & 2030 (US$M)
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