ECMO PMP hollow fiber membrane market projected to reach USD 51.63 million by 2032

The global market for PMP hollow fiber membranes used in Extracorporeal Membrane Oxygenation (ECMO) is projected to grow from USD 34.77 million in 2025 to USD 51.63 million by 2032. This represents a compound annual growth rate (CAGR) of 5.57%.

Demand is driven by the increasing use of ECMO for patients with severe respiratory and heart failure, as well as the need for high-performance materials that offer stable gas exchange and biocompatibility. The adult ECMO segment is expected to lead this growth, accounting for approximately 83.10% of the market in 2025.

The market is highly concentrated, with two major players, Solventum and Hangzhou Cobetter, dominating the supply side. While Solventum holds a significant leading position, the entry of Hangzhou Cobetter is shifting the landscape toward a more diversified supply structure, particularly within the Asia-Pacific region.