Market is likely to witness colossal high growth by virtue of higher survival rate of patients with use of extracorporeal CO2 removal (ECCO2R) life-support machines
Albany, NY -- (SBWIRE) -- 08/16/2018 -- The global extracorporeal CO2 removal market is expanding at a rapid pace, as it overshadows the adoption of mechanical ventilation. The market is likely to witness colossal high growth by virtue of higher survival rate of patients with use of extracorporeal CO2 removal (ECCO2R) life-support machines. Moreover, supportive medical schemes & policies of reimbursement are poised to augur well for the global market. ECCO2R devices adeptly remove carbon dioxide but fail to provide oxygenation, unlike extracorporeal membrane oxygenation (ECMO) devices. From a technical standpoint, ECCO2R devices come with a set of distinctive attributes such as low blood flow from 350-1000 ml/min, which makes them minimally complex. ECCO2R devices offer minute vascular access and exceptional adverse reactions against ECMO. These insights are procured from a new report, titled "Extracorporeal CO2 Removal Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026," recently added to the holistic repository of Market Research Reports Search Engine (MRRSE).
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Extracorporeal CO2 Removal Market- Hospitals to Dominate with a Significant Chunk of Market Share
The hospitals segment is forecasted to hold a significant share of the extracorporeal CO2 removal market during the forecast timeline. The primary reason for the supremacy of hospitals is the long-term pervasiveness of fatal ailments like COPD & ARDS, which require immediate attention & treatment. This is, in turn, expected to propel the demand raised by hospitals for extracorporeal CO2 removal devices. The segment of surgical centers is also foreseen to hold a notable share of the global market during the assessment timeline. With a fully-fledged framework of sophisticated instruments, people in developing and under developing countries prefer these settings by a larger margin.
Extracorporeal CO2 Removal Market- North America Registers Significant Incremental Opportunity
From the revenue slant, North America is poised to continue dominating the global extracorporeal CO2 removal market during the assessment timeline. This supremacy is due to proactive & early adoption of technologies and huge susceptibility to COPD and ARDS. The region is poised to have remunerative aspects for extracorporeal CO2 removal devices, with a high value of market attractiveness index. The market in the region is foreseen to progress at an impressive CAGR in the light of high demand for novel medical technologies. Increasing pervasiveness of chronic respiratory diseases and rise in call for rapid & safe minimally invasive ventilation devices have accentuated the progress of the extracorporeal CO2 removal market in North America.
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Extracorporeal CO2 Removal Market- Highly Consolidated Market with Key Players Accounting for a Lion's Share
The report also consists of profiles of the leading market leaders operating in the global extracorporeal CO2 removal market. The profiling has been performed taking into consideration the foothold of various companies and the market share held by them. Some of the leading brands listed in the report include ALung Technologies, Inc., Xenios AG, Estor S.p.A., Medtronic plc, Medica S.p.A., and Getinge Group. Demand for highly advanced ECCO2R devices, along with consistent innovation & breakthroughs, is poised to intensify the cut throat competition among top players.
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