Extracorporeal Membrane Oxygenation (ECMO) Market To Reach USD 371.8 Million By 2027
Market Summary Increasing prevalence of infectious, cardiovascular and respiratory diseases, growing adoption of ECMO in lung transplantation procedures, growth in the number of ECMO centers, increasing survival rates with ECMO and increasing strategic initiatives such as product launch or collaboration are key factors contributing to high CAGR of Extracorporeal Membrane Oxygenation (ECMO) Market during forecast period. Market Size – USD 267.1 Million in 2019, Market Growth - CAGR of 4.2% Market Trends – Technological advancements in ECMO machine. Extracorporeal membrane oxygenation is a treatment provided for COVID-19, cardiac and respiratory diseases. Increasing the prevalence of target diseases (such as COVID-19, cardiovascular diseases and respiratory diseases), technological advancements, and increasing extracorporeal membrane oxygenation centers across the globe are some of the factors driving the market growth. Further key findings from the report suggest : • Asia Pacific is expected to grow at the highest rate. Developing nations such China, and India are likely to witness high growth due to high prevalence of cardiac and pulmonary diseases, increased healthcare expenditure and growing R&D investment • High cost of the the procedure and lack of skilled personnel are the key factors likely to hamper growth of the extracorporeal membrane oxygenation market www.reportsanddata.com
Key Players: Getinge Group (Sweden), Medtronic plc (Ireland), LivaNova PLC (U.K.), XENIOS AG (Germany), Terumo Corporation (Japan), MicroPort Scientific Corporation (China), NIPRO Corporation (Japan), OriGen Biomedical, Inc. (U.S.), ALung Technologies, Inc. (Germany), and EUROSETS S.r.l. (Italy). Segmentation: •
Type Outlook (Revenue, USD Million; 2017-2027) Venovenous ECMO Venoarterial ECMO Arteriovenous ECMO
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Application Outlook (Revenue, USD Million; 2017-2027) Congenital Diaphragmatic Hernia (CDH) Birth Defects of the Heart Meconium Aspiration Syndrome (MAS) Severe Pneumonia Severe Air Leak Problems Severe High Blood Pressure in the Arteries of the Lungs (PPHN) Others
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Regional Extracorporeal Membrane Oxygenation (ECMO) Market (Regional Output, Demand & Forecast by Countries):• North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
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Major highlights of the report: • An all-inclusive evaluation of the parent market • The evolution of significant market aspects • Industry-wide investigation of market segments • Assessment of the market value and volume in the past, present and forecast years • Market share evaluation • Study of niche industrial sectors • Tactical approaches of the market leaders • Lucrative strategies to help companies strengthen their position in the market
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