The global extracorporeal membrane oxygenation machine market for the historical period 2017–2018 and forecast period 2019–2027, rise in prevalence and incidence of respiratory and cardiovascular diseases to escalate the growth of global extracorporeal membrane oxygenation machine market. Moreover, rising adoption of technological advanced products is fueling growth of the extracorporeal membrane oxygenation machine market
According to the report, the global extracorporeal membrane oxygenation machine market was valued at US$ 0.3 Bn in 2018 and is anticipated to expand at a CAGR of 5.4% from 2019 to 2030
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Rise in Demand for the Extracorporeal Membrane Oxygenation Machine and Surge in Geriatric Population: Key Drivers of Global Extracorporeal Membrane Oxygenation Machine Market
Extracorporeal membrane oxygenation, also known as extracorporeal life support, is an extracorporeal technique of providing prolonged cardiac and respiratory support to persons whose heart and lungs are unable to provide an adequate amount of gas exchange or perfusion to sustain life. Nowadays extracorporeal membrane oxygenation machine has become more reliable with improvement in equipment. Moreover, change in lifestyle and dietary habits is leading to cause various chronic diseases including cardiac and respiratory disease and thereby increase the need of extracorporeal membrane oxygenation machine.
The world is currently experiencing the pandemic of an infectious disease called COVID-19. This infection leads to multiple organ failure, acute & severe respiratory disorders, pneumonia, and even death in severe cases. This is augmenting the demand for the products. The government has taken initiatives to expand the use of extracorporeal membrane oxygenation machine for the COVID-19.
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Furthermore, common medical conditions in infants wherein extracorporeal membrane oxygenation machine is used are meconium aspiration syndrome, persistent pulmonary hypertension of the newborn (PPHN), congenital diaphragmatic hernia (CDH), and respiratory distress syndrome (RDS). Neonatal births defects are usually observed to affect 2% of all live births and the mortality rate led by respiratory failure is approximately 33% in neonates. Thus, increase in neonatal birth defects leading to increase the demand for the extracorporeal membrane oxygen machine. This in turn to drive the growth of market.
The life expectancy of people has increased over the last decade. The immune system of an individual weakens with increasing age. Hence, rise in elderly population has led to high probability of contracting diseases. With increasing age, there is a high possibility of rise in the incidence of chronic diseases, leading to hospitalization for respiratory distress, cardiac arrest, or other associated distress. This is expected to drive the extracorporeal membrane oxygenation machine machines market during the forecast period.
High Cost of Extracorporeal Membrane Oxygenation Machine Procedures to Hamper Global Extracorporeal Membrane Oxygenation Machine Market
An ECMO machine purifies the blood outside the body in cases where in the lungs and the heart cannot perform the blood purification function. The use of this machine has raised the rate of survival of patients. However, the cost of the procedure is very high. This is a restraining factor, due to which several patients do not opt for the treatment.
In the U.S., the cost of an ECMO procedure varies between US$ 34,121 and US$ 154,817, depending on the patient’s condition. In India, the cost of the procedure is approximately US$ 18,669.
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Global Extracorporeal Membrane Oxygenation Machine Market: Competitive Landscape
This report profiles major players in the global extracorporeal membrane oxygenation machine market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
The global extracorporeal membrane oxygenation machine market is highly fragmented, with the presence of a number of international as well as regional players
Leading players operating in the global e extracorporeal membrane oxygenation machine market are
- Terumo Corporation
- Medtronic plc
- Getinge AB
- LivaNova PLC
- Nipro Corporation
- MicroPort Scientific Corporation
- XENIOS AG
- OriGen Biomedical
- Hemovent GmbH
Key Questions Answered in Global Extracorporeal Membrane Oxygenation Machine Market Report
- What is the scope of growth for product companies in the global extracorporeal membrane oxygenation machine market?
- What will be the Y-o-Y growth of the global extracorporeal membrane oxygenation machine market between 2019 and 2027?
- What is the influence of changing trends in technologies on the global extracorporeal membrane oxygenation machine market?
- Will North America continue to be the most profitable market for extracorporeal membrane oxygenation machine providers?
- Which factors are anticipated to hamper the growth of the global extracorporeal membrane oxygenation machine market during the forecast period?
- Which are the leading companies in the global extracorporeal membrane oxygenation machine market?
Global Extracorporeal Membrane Oxygenation Machine Market – Segmentation
- Roller Pumps
- Centrifugal Pumps
- Heat Exchangers
- Saturation Monitors
- Extracorporeal Cardiopulmonary Resuscitation
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
TABLE OF CONTENT
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Extracorporeal Membrane Oxygenation Machine Market
4. Market Overview
4.1.1. Component Type/ Definition
4.1.2. Industry Evolution / Developments
4.3. Market Dynamics
4.4. Global Extracorporeal Membrane Oxygenation Machine Market Analysis and Forecasts, 2017–2027
5. Key Insights
5.1. Key products Analysis
5.2. Technological Advancements
5.3. Top 3 players operating in the market space
5.4. Healthcare Industry Overview
6. Global Extracorporeal Membrane Oxygenation Machine Market Analysis and Forecasts, By Component Type
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Global Extracorporeal Membrane Oxygenation Machine Market Value Forecast by Component Type, 2017–2027
184.108.40.206. Roller Pumps
220.127.116.11. Centrifugal Pumps
6.3.3. Heat Exchangers
6.3.4. Saturation Monitors
6.4. Global Extracorporeal Membrane Oxygenation Machine Market Attractiveness by Component Type
7. Global Extracorporeal Membrane Oxygenation Machine Market Analysis and Forecasts, By Application
7.1. Introduction & Definition
7.2. Key Findings / Developments
7.3. Global Extracorporeal Membrane Oxygenation Machine Market Value Forecast by Application, 2017–2027
7.3.3. Extracorporeal Cardiopulmonary Resuscitation
7.4. Global Extracorporeal Membrane Oxygenation Machine Market Attractiveness by Application
8. Global Extracorporeal Membrane Oxygenation Machine Market Analysis and Forecasts, By Modality
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