ECMO Machine Market: Growth, Trends, and Opportunities

Healthcarenews06 May, 2024Business

According to research report the ECMO Machine Market was valued at $531 million in 2021 and is expected to reach $673 million by 2026, growing at a compound annual growth rate of 4.9% during that period. ECMO machines provide prolonged cardiac and respiratory support to critically ill patients. The growth of this market is driven primarily by the expanding geriatric population and increasing prevalence of chronic respiratory diseases and cardiovascular diseases globally. For instance, chronic obstructive pulmonary disease (COPD) is the third leading cause of death worldwide. ECMO machines are increasingly being used in lung transplantation procedures as well, especially for patients with severe acute respiratory distress syndrome (ARDS).