
Region:Asia
Author(s):Mukul
Product Code:KROD1979
October 2024
89


The APAC ECMO market is dominated by a handful of major players who lead the market through technological innovations, strategic partnerships, and expansion into emerging economies. These players invest heavily in R&D, contributing to advancements in ECMO systems, making them more portable, efficient, and accessible. Notable among them are companies like Medtronic and Getinge AB, which have extensive product portfolios catering to the ECMO market.
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Company |
Establishment Year |
Headquarters |
Revenue (USD Bn) |
No. of Employees |
R&D Spend (USD Mn) |
Market Share (2023) |
Key Products |
Partnerships |
Innovation Index |
|
Medtronic Plc |
1949 |
Dublin, Ireland |
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|
Getinge AB |
1904 |
Gothenburg, Sweden |
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|
Terumo Corporation |
1921 |
Tokyo, Japan |
|||||||
|
LivaNova Plc |
2015 |
London, UK |
|||||||
|
Xenios AG (Fresenius) |
2013 |
Heilbronn, Germany |
Market Growth Drivers
Market Restraints
Over the next five years, the APAC ECMO market is expected to exhibit significant growth, driven by continuous advancements in ECMO technology, increasing healthcare infrastructure, and growing awareness of ECMO as a life-saving treatment option. The rise in the prevalence of respiratory and cardiac disorders, coupled with the expanding geriatric population in countries like Japan and South Korea, will also contribute to market growth. Additionally, government initiatives to boost healthcare expenditure and improve medical device manufacturing capabilities across the APAC region will foster growth in this sector.
Market Opportunities
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By Component |
Pumps |
|
Oxygenators |
|
|
Cannulas |
|
|
Controllers |
|
|
Others |
|
|
By Modality |
Veno-Arterial (VA) ECMO |
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Veno-Venous (VV) ECMO |
|
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Arterio-Venous (AV) ECMO |
|
|
By Patient Type |
Neonatal |
|
Pediatric |
|
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Adult |
|
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By Application |
Respiratory |
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Cardiac |
|
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Extracorporeal Cardiopulmonary Resuscitation (ECPR) |
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Other Applications |
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By Region |
China |
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India |
|
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Japan |
|
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South Korea |
|
|
Southeast Asia |
1.1. Definition and Scope
1.2. Market Taxonomy
1.3. Market Growth Rate
1.4. Market Segmentation Overview
2.1. Historical Market Size
2.2. Year-On-Year Growth Analysis
2.3. Key Market Developments and Milestones
3.1. Growth Drivers
3.1.1. Increased Incidence of Respiratory and Cardiac Disorders
3.1.2. Growing Adoption of ECMO in Neonatal and Pediatric Care
3.1.3. Technological Advancements in ECMO Systems
3.1.4. Increasing Awareness of ECMO Therapy in Emerging Markets
3.2. Market Challenges
3.2.1. High Equipment and Maintenance Costs
3.2.2. Limited Availability of Skilled Professionals
3.2.3. Lack of Reimbursement Policies in Developing Markets
3.3. Opportunities
3.3.1. Expansion in Emerging Economies
3.3.2. Increased Use of ECMO During Post-Surgical Recovery
3.3.3. Integration of AI and IoT in ECMO Systems
3.4. Trends
3.4.1. Shift Toward Portable and Miniaturized ECMO Systems
3.4.2. Increasing Use of ECMO in Treating COVID-19 Patients
3.4.3. Development of Hybrid ECMO Systems
3.5. Government Regulation
3.5.1. Regulatory Approvals and Certifications
3.5.2. Import/Export Policies
3.5.3. Government Subsidies for Healthcare Infrastructure
3.5.4. Public-Private Collaborations in Healthcare
3.6. SWOT Analysis
3.7. Stakeholder Ecosystem
3.8. Porters Five Forces
3.8.1. Bargaining Power of Suppliers
3.8.2. Bargaining Power of Buyers
3.8.3. Threat of Substitutes
3.8.4. Threat of New Entrants
3.8.5. Industry Rivalry
3.9. Competition Ecosystem
4.1. By Component
4.1.1. Pumps
4.1.2. Oxygenators
4.1.3. Cannulas
4.1.4. Controllers
4.1.5. Others
4.2. By Modality
4.2.1. Veno-Arterial (VA) ECMO
4.2.2. Veno-Venous (VV) ECMO
4.2.3. Arterio-Venous (AV) ECMO
4.3. By Patient Type
4.3.1. Neonatal
4.3.2. Pediatric
4.3.3. Adult
4.4. By Application
4.4.1. Respiratory
4.4.2. Cardiac
4.4.3. Extracorporeal Cardiopulmonary Resuscitation (ECPR)
4.4.4. Other Applications
4.5. By Region
4.5.1. China
4.5.2. India
4.5.3. Japan
4.5.4. South Korea
4.5.5. Southeast Asia
5.1 Detailed Profiles of Major Companies
5.1.1. Medtronic Plc
5.1.2. Getinge AB
5.1.3. Terumo Corporation
5.1.4. Abbott Laboratories
5.1.5. Alung Technologies, Inc.
5.1.6. LivaNova Plc
5.1.7. Eurosets
5.1.8. OriGen Biomedical, Inc.
5.1.9. Fresenius Medical Care AG & Co.
5.1.10. Xenios AG (A Fresenius Medical Care Company)
5.1.11. MicroPort Scientific Corporation
5.1.12. Nipro Corporation
5.1.13. Braile Biomdica
5.1.14. Spectrum Medical
5.1.15. Hemovent GmbH
5.2 Cross Comparison Parameters (Revenue, Regional Presence, No. of Employees, R&D Spend, Product Portfolio, Market Share, Key Partnerships, Innovation Index)
5.3. Market Share Analysis
5.4. Strategic Initiatives
5.5. Mergers and Acquisitions
5.6. Investment Analysis
5.7. Venture Capital Funding
5.8. Government Grants
5.9. Private Equity Investments
6.1. Healthcare and Medical Device Regulations
6.2. Reimbursement Policies
6.3. Compliance Requirements
6.4. Regional Regulatory Differences
6.5. Certification and Accreditation Processes
7.1. Future Market Size Projections
7.2. Key Factors Driving Future Market Growth
8.1. By Component
8.2. By Modality
8.3. By Patient Type
8.4. By Application
8.5. By Region
9.1. TAM/SAM/SOM Analysis
9.2. Customer Cohort Analysis
9.3. Marketing Initiatives
9.4. White Space Opportunity Analysis
Disclaimer Contact UsIn this step, we constructed an ecosystem map encompassing all major stakeholders within the APAC ECMO market. Through extensive desk research, using secondary and proprietary databases, we gathered industry-level information to define the critical variables that influence market dynamics.
We compiled and analyzed historical data from the ECMO market, evaluating market penetration rates and the revenue generation ratios of major players. This also included assessing service quality statistics and ECMO device performance to ensure accuracy in market size estimation.
Market hypotheses were validated through computer-assisted telephone interviews (CATIs) with industry experts. These consultations provided vital financial insights, contributing to the refinement of market data and forecasts.
In the final phase, direct engagement with ECMO system manufacturers was conducted. These interactions helped verify sales data and customer feedback, ensuring the comprehensive synthesis of research findings for the APAC ECMO market.
The APAC ECMO market, valued at USD 70 million, has grown consistently over recent years, driven by increasing respiratory and cardiac disorders and rising adoption of ECMO technology in critical care.
Challenges in the APAC ECMO market include high equipment costs, a lack of skilled healthcare professionals, and inconsistent reimbursement policies across the region.
Major players in the APAC ECMO market include Medtronic Plc, Getinge AB, Terumo Corporation, LivaNova Plc, and Xenios AG. These companies dominate due to their strong product portfolios and advanced ECMO technologies.
Key growth drivers of the APAC ECMO market include rising healthcare expenditure, increasing prevalence of respiratory and cardiac disorders, and the adoption of ECMO for treating critically ill patients, particularly during the COVID-19 pandemic.
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