Global Extracorporeal Membrane Oxygenation Machine Market accounted to USD 250.5 million growing at a CAGR of 5.0% during the forecast to 2024.
Global Extracorporeal Membrane Oxygenation Machine Market Modality (Venovenous ECMO, Venoarterial ECMO, Arteriovenous ECMO), Application (Cardiac Applications, Respiratory Applications, Extracorporeal Cardiopulmonary Resuscitation), End-Users (Hospitals, Home Care Settings, Ambulatory Centers, Others), Geography- Industry Trends and Forecast to 2024
Extracorporeal membrane oxygenation (ECMO), also called as extracorporeal life support (ECLS), is an extracorporeal method of supplying extended cardiac and respiratory support to persons whose heart and lungs are working in an inadequate manner to supply less amount of gas exchange or perfusion for healthy life. The technology for ECMO is mainly derived from cardiopulmonary bypass, which offers shorter-term support.
Demand Side Primary Contributors: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Some of the major players operating in global extracorporeal membrane oxygenation machine market are
Fresenius Medical Care AG & Co. KGaA,
Microport Scientific Corporation,
ALung Technologies Inc.,
MAQUET Holding B. V. & Co. KG,
Danaher and Quest Diagnostics Incorporated,
Agilent Technologies among others.
Major market drivers and restraints:
Technical Advancements in ECMO Machine
Difficulties Associated with ECMO
Higher Cost of ECMO Procedures
Growing Survival Rates with ECMO
Absence of Skilled Professionals
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The global extracorporeal membrane oxygenation machine market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of extracorporeal membrane oxygenation machine market for global, Europe, North America, Asia Pacific and South America.
By modality the extracorporeal membrane oxygenation machine market is segmented into venovenous ECMO, venoarterial ECMO, and arteriovenous ECMO.
By product the extracorporeal membrane oxygenation machine market is segmented into cardiac applications, respiratory applications, and extracorporeal cardiopulmonary resuscitation.
On the basis of end-users, the extracorporeal membrane oxygenation machine market is segmented into hospitals, home care settings, ambulatory centers, and others.
On the basis of geography, global extracorporeal membrane oxygenation machine market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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