Global Extracorporeal Membrane Oxygenation Machine Market

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Global Extracorporeal Membrane Oxygenation Machine Market

The Global Extracorporeal Membrane Oxygenation Machine Market was valued $xx Mn in 2020 and is expected to reach $xx Mn by 2027, at a CAGR of xx%.
Global Extracorporeal Membrane Oxygenation Machine Market Introduction and Overview

Extracorporeal membrane oxygenation (ECMO) is a life support machine. People who need ECMO have a severe and life-threatening illness that stops their heart and lungs from functioning properly. ECMOs are used in conditions such as severe lung damage from infection or shock after a heart attack. The ECMO machine replaces the lung and heart functions. People who need support from ECMOs are cared for in the hospital’s ICU.

Factors such as rising lung cancer cases, increase in geriatric population and advancements in the ECMO technology are the major drivers for the ECMO machine market. The number of ECMO centres for patient convenience, organisation of conferences and training programs to increase awareness regarding the machine use and launching of more advanced products by top notch players are also augmenting the market growth. Over time exposure to irritants that damage your lungs and airways can cause chronic obstructive pulmonary disease (COPD). According to the World Health organization, around 200 million people are affected globally by COPD. This rise in number is leading in the increased use of ECMOs. Government initiatives such as rising funds is helping the market to boost.

Hypertension is a major factor responsible for the increasing patients of cardiovascular diseases and strokes, leading to mortality worldwide. It is estimated that globally 1billion people suffer from hypertension with a prevalence of 40%. In the APAC region, the cases for cardiopulmonary diseases and respiratory failure are rising leading to increase in demand for the ECMO market. North America is making technological advancements in this field, and hence the American market is expected to grow at a CAGR of xx% during the forecast period. Moreover, rising patient awareness about the ECMO machine advantages in Latin America is helping the market grow northwards. Initiatives such as awareness programs, check-up camps undertaken by the European government are boosting the market growth here. The market in European region is also expected to exhibit a significant CAGR of xx% in the coming years.

The report contains detailed analysis of Strengths, Weakness and opportunities of the key players operating in the Extracorporeal Membrane Oxygenation Machine Market. It also provides information on current market trends, competitive ranking analysis, regional bifurcation, turnover forecasts, industry drivers and the key challenges.

The report has profiled ten key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analysing the market and estimation the size of the same. The growing healthcare infrastructure in each region is different and focus is given on availability of advanced technology and new techniques.

Global Extracorporeal Membrane Oxygenation Machine Market
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Global Extracorporeal Membrane Oxygenation Machine Market Segment Analysis

Venovenous extracorporeal membrane oxygenation (vv-ECMO) is a highly invasive method for organ support that is gaining popularity due to recent technical advances and its successful application (vv-ECMO). It can supply sufficient pulmonary support when gas exchange is severely compromised and presents an ultimate option in problematic cases. Since vv-ECMO is highly invasive and associated with numerous potential complications, its use should only be considered in patients with a high probability of death with conventional treatment.

The rise in incidences of lung transplant, COPD and respiratory failures are responsible for the market growth. Moreover, technological advancements in devices is also a key driver for the market to boost. The arteriovenous (AV) segment is expected to grow at a CAGR of xx% in the forecast period.

Based on Application, the global Extracorporeal Membrane Oxygenation Machine market is segmented into Respiratory, Cardiac and Extracorporeal Cardiopulmonary Resuscitation (ECPR). The respiratory segment is expected to hold a major share of xx% in the market due to its crucial role in supporting pulmonary function and is projected to witness profitablegrowth over the forecast period. Whereas the increasing number of people suffering from chronic diseases such as obesity and diabetes, highly susceptible to suffer from cardiovascular conditions will drive the extracorporeal cardiopulmonary resuscitation (ECPR) market.

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Global Extracorporeal Membrane Oxygenation Machine Market

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Global Extracorporeal Membrane Oxygenation Machine Market Segmentation

The Extracorporeal Membrane Oxygenation Machine Market is segmented based on-
Modality

• Venoarterial (VA)
• Venovenous (VV)
• Arteriovenous (AV)
Applications

• Respiratory
• Cardiac
• Extracorporeal Cardiopulmonary Resuscitation (ECPR)
Global Extracorporeal Membrane Oxygenation Machine Market Regional Insights

Global Extracorporeal Membrane Oxygenation Machine Market1

North America is expected to account for the largest share of xx% in the global market in 2021, followed by Europe, Asia-Pacific, and the Rest of the World. The large share of North America is due to the well-developed primary, secondary and tertiary care hospitals, reimbursement policies, favourable government funding, and higher awareness about the ECMO systems facilitating their adoption in hospitals.

On the other hand Asia Pacific is expected to be the fastest-growing regional market over the forecast period. This can be attributed to increasing prevalence of lung cancer in countries, such as China and India. According to National Cancer Center (NCC), each year ~781,000 patients are diagnosed with lung cancer in China and is one of the leading causes of cancer deaths in the country.
Key players operating in the Global Extracorporeal Membrane Oxygenation Machine Market

• Getinge Group
• Medtronic, plc
• LivaNovaplc
• Xenios AG
• Terumo Corporation
• MicroPort Scientific Corporation
• NIPRO Corporation
• OriGen Biomedical
• Alung technologies, Inc
• EUROSETS S.r.l.
• Others

The report also helps in understanding Global Extracorporeal Membrane Oxygenation Machine Marketdynamics, structure by analysing the market segments and project the Global Extracorporeal Membrane Oxygenation Machine Marketsize. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Extracorporeal Membrane Oxygenation Machine Marketmake the report investor’s guide.

 

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