The South America ECMO market is expected to grow from US$ 53.00 million in 2022 to US$ 60.58 million by 2028. It is estimated to record a CAGR of 2.3% from 2022 to 2028.
Growing Adoption of ECMO in Lung Transplantation Procedures Bolsters South America ECMO Market Growth
Lung transplantation is a life-saving treatment option for patients suffering from end-stage lung diseases, such as COPD, Idiopathic pulmonary fibrosis (IPF), and cystic fibrosis, to improve the quality of life. ECMO is a versatile tool used in all lung transplantation phases, such as preoperative, intraoperative, and postoperative periods. It acts as a bridge in patient undergoing lung transplantation. Therefore, the adoption of ECMO during lung transplantation is growing rapidly to manage patients with life-threatening lung disease. Primary graft dysfunction (PGD) is the leading cause of death after a lung transplant. Thus, ECMO is used penultimately in treating PGD post lung transplantation. Thus, the demand for ECMO equipment is growing for treating the patients suffering from PGD.
South America ECMO Market Overview
The South America ECMO market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the market in 2022. According to World Heart Federation, noncommunicable diseases such as cardiovascular disease accounts for 74% of total deaths in Brazil. According to Global Burden Study (GBD) and Brazilian Unified Health System, cardiovascular disease was the leading cause of death in Brazil in 2019. Due to the increasing aging population in Brazil, the prevalence of cardiovascular diseases is increasing each year. According to GBD, the number of ischemic heart disease (IHD) cases reached 4 million in 2019. Further, about 171,246 deaths were reported due to IHD, which accounted for 43% of cardiovascular deaths and 12% of total deaths in Brazil in 2019. Thus, growing cardiovascular disease cases in Brazil are driving the ECMO market growth in the country.
South America ECMO Market Segmentation
The South America ECMO market is segmented based on modality, application, age group, and country.
Based on modality, the South America ECMO market is segmented into venoarterial ECMO, venovenous ECMO, and arteriovenous ECMO. The venoarterial ECMO segment held the largest market share in 2022.
Based on application, the South America ECMO market is bifurcated into respiratory and cardiology. The respiratory segment held a larger market share in 2022.
Based on age group, the South America ECMO market is segmented into adults, pediatrics, and neonates. The adults segment held the largest market share in 2022.
Based on country, the South America ECMO market has been categorized into Brazil, Argentina, and the Rest of South America. Our regional analysis states that Brazil dominated the market in 2022.
ABIOMED Inc, Braile Biomedica, Fresenius Medical Care AG & Co KGaA, Getinge AB, LivaNova Plc, Medtronic Plc, MicroPort Scientific Corporation, Nipro Medical Corporation, and Terumo Group are the leading companies operating in the South America ECMO market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 53.00 Million |
| Market Size by 2028 | US$ 60.58 Million |
| CAGR (2022 - 2028) | 2.3% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Modality
|
|
Regions and Countries Covered
|
|
| South and Central America | Brazil, Argentina, Rest of South and Central America |
| Market leaders and key company profiles |
|
The South America ECMO Market is valued at US$ 53.00 Million in 2022, it is projected to reach US$ 60.58 Million by 2028.
As per our report South America ECMO Market, the market size is valued at US$ 53.00 Million in 2022, projecting it to reach US$ 60.58 Million by 2028. This translates to a CAGR of approximately 2.3% during the forecast period.
The South America ECMO Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America ECMO Market report:
The South America ECMO Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America ECMO Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America ECMO Market value chain can benefit from the information contained in a comprehensive market report.
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