Transparency Market Research (TMR) has published a
new report titled, ‘Extracorporeal Membrane Oxygenation Machine Market -
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’.
According to the report, the global extracorporeal membrane oxygenation machine market was valued at US$
0.3 Bn in 2018 and is projected to expand at a CAGR
of 5.4% from 2019 to 2027.
Overview
·
Extracorporeal membrane oxygenation system is used for the patient
suffering from heart failure and lung failure. Extracorporeal membrane
oxygenation refers to one of the extracorporeal lung assist (ECLA)
technologies, primarily adopted to partially or completely replace the
cardiopulmonary function of patients to protect the oxygen supply of the organs
and strive for time to treat primary diseases
·
The world is currently experiencing the pandemic of an infectious disease
called COVID-19. Government is taking initiatives to address these urgent
public health concerns by helping to increase the availability of products and
expanding the indication of extracorporeal membrane oxygen system. For
instance, for the treatment of COVID-19, China Ministry of Health guidelines
consider that extracorporeal membrane oxygenation (ECMO) can act as a salvage
treatment measure. This in turn to creates significant opportunity in the
extracorporeal membrane oxygenation machine market
·
The extracorporeal membrane oxygenation machine market is currently a
booming one, owing to current exceptional crisis scenario of the COVID-19
pandemic.
·
North America dominate the global extracorporeal membrane oxygenation
machine market in 2018 and the trend is anticipated to
continue during the forecast period. The growth of market in the region is
attributed due to well established healthcare infrastructure and presence of
large number of extracorporeal life support organizations.
·
Asia Pacific is likely to be a highly lucrative market for the
extracorporeal membrane oxygenation machine market and it is expected to expand
at a high CAGR during the forecast period. Vast patient pool, increasing
healthcare expenditure and demand for newer advanced therapies are key factors
likely to boost extracorporeal membrane oxygenation machine market in Asia
Pacific.
Request
a PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=22187
Higher Survival Rates Due
to the Use of ECMO Life Support Machines to Drive Global Extracorporeal
Membrane Oxygenation Machine Market
·
The use of extracorporeal life support in neonates, pediatric and adult
patients suffering from respiratory, cardiac and ECPR distress has increased
the survival rates. According an article published in NCBI, the survival rate
in neonates suffering from respiratory diseases was 84%; it was 62% in
case cardiac diseases; and 64% in case of ECPR. In pediatric
patients, the survival rate was 66% in case of respiratory
diseases; 67% in case of cardiac diseases; and 55% in
case of ECPR. In adults, the survival rate was 66% in case of
respiratory diseases; 56% in case of cardiac diseases;
and 40% in case of ECPR. These survival rates were much higher
than those in patients without any support after discharge. Thus, higher
survival rates due to use of ECMO machines in patients suffering from
respiratory distress, cardiac arrest, and ECPR are likely to augment the use of
ECMO machines during the forecast period.
Oxygenators Segment to
Dominate Extracorporeal Membrane Oxygenation Machine Market
·
In terms of component type, the global extracorporeal membrane oxygenation
machine market has been segmented into pumps, oxygenators, heat exchangers,
saturation monitors and others. High product price, new product innovation, and
technological advancement are the key driving factors for the oxygenators
segment. Pumps segment further bifurcated into roller pumps and centrifugal
pumps. Advantages such as easy maintenance and less capital costs are likely to
accelerate the pumps segment growth in the near future.
Request for Analysis of COVID19 Impact on Extracorporeal
Membrane Oxygenation Machine Market - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=22187
Respiratory Segment Hold
a Major Share of Global Extracorporeal Membrane Oxygenation Machine Market
·
Based on application, the global extracorporeal membrane oxygenation
machine market has been segmented into respiratory, cardiology and
extracorporeal cardiopulmonary resuscitation. The growing consumption of
alcohol and tobacco globally is expected to increase the COPD population, which
will ultimately fuel the growth of respiratory segment.
Venovenous Segment to
Dominate Extracorporeal Membrane Oxygenation Machine Market
·
In terms of modality, the global extracorporeal membrane oxygenation
machine market has been segmented into venoarterial, venovenous and
arteriovenous. Adoption of technologically advanced products is likely augment
the growth of segment
Buy now
Extracorporeal Membrane Oxygenation Machine Market Report - https://www.transparencymarketresearch.com/checkout.php?rep_id=22187<ype=S
North America to Dominate
Global Extracorporeal Membrane Oxygenation Machine Market
·
In terms of region, the global extracorporeal membrane oxygenation machine
market has been segmented into North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa. North America dominated the global
extracorporeal membrane oxygenation machine market in 2018,
followed by Europe.
·
North America accounted for major share of the global extracorporeal
membrane oxygenation machine market in 2018. Supportive healthcare
and payer infrastructure and hub for key industry players are the major drivers
of the extracorporeal membrane oxygenation machine market in the region.
·
The extracorporeal membrane oxygenation machine market in Asia Pacific is
anticipated to expand at a high CAGR from 2019 to 2027.
Unmet medical needs, untapped nature of the market, improving health care
infrastructure and increase in awareness regarding the chronic diseases are the
key factors for extracorporeal membrane oxygenation machine market growth in
the region
Competitive Landscape
·
The global extracorporeal membrane oxygenation machine market is fragmented
in terms of number of players. Key players in the global extracorporeal
membrane oxygenation machine market include Terumo Corporation,
Medtronic plc, Getinge AB, LivaNova PLC, Nipro Corporation, MicroPort
Scientific Corporation, XENIOS AG, OriGen Biomedical, EUROSETS and
Hemovent GmbH
More Trending Reports by
Transparency Market Research:
https://www.prnewswire.com/news-releases/technological-advancements-and-innovations-to-fuel-growth-of-soft-tissue-repair-market-from-2018-to-2026-tmr-301168624.html
https://www.prnewswire.com/news-releases/global-oral-contraceptive-pills-market-projected-to-expand-at-6-cagr-rising-number-of-unplanned-pregnancies-drives-market-demand-tmr-301171827.html
About Us
Transparency Market Research is a global market
intelligence company, providing global business information reports and
services. Our exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers. Our
experienced team of analysts, researchers, and consultants, uses proprietary
data sources and various tools and techniques to gather and analyze
information.
Our data repository is continuously updated and revised
by a team of research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability, Transparency Market
Research employs rigorous primary and secondary research techniques in
developing distinctive data sets and research material for business reports.
Contact
Transparency Market Research,
90 State Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com/
