Transparency Market Research Report Added "Extracorporeal Membrane Oxygenation Machine Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024"
Albany, NY -- (SBWIRE) -- 07/26/2017 -- Extracorporeal membrane oxygenation (ECMO), also referred as extracorporeal life support (ECLS), is an extracorporeal (occurring outside the body) method of providing both respiratory and cardiac support to the persons whose lungs and heart are unable to perform optimum gas exchange to sustain life. This system offers heart-lung bypass support outside the person's body. The ECMO system is finding more applications in adults with respiratory and cardiac failure, than children, as it has been mostly used earlier. The ECMO machine is similar to a heart-lung bypass machine used in open-heart surgery. The ECMO machine is exclusively a life-sustaining intervention, and usually used in the later treatment of a person having lung or heart failure. The machine functions by taking out blood from the person's body and artificially oxygenates the red blood cells and eliminates the carbon di oxide.
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The growth of ECMO machine market is attributed to rising respiratory diseases, cardiovascular diseases coupled with surging frequency of Chronic Obstructive Pulmonary Disease (COPD). The adoption of unhealthy lifestyle and the associated ill effects resulting in lifestyle disorders are likely to further amplify the COPD incidence rate. The most recognized risk factors, such as increasing smoking trend and tobacco consumption in both males and females are the high impact factors fueling the growth of market significantly. Additionally, the growing geriatric population and rising number of people suffering with diseases in populous countries are expected to drive the market growth. ECMO machines are used for patients suffering with respiratory complications, it is regularly used for pediatric, neonate, and adult patients due to the subtle nature of this target population, the demand for these machines and their adoption rate is set to escalate.
Increasing uptake of these machines because of the related benefits has initiated the technological advancements utilized in the ECMO machines. The growing number of ECMO centers, growing adoption of ECMO as a link to lung transplantation, along with technological refinements underway, offers lucrative growth opportunities to the market. However, technical failures associated with extracorporeal membrane oxygenation machine along with the complications such as infections, bleeding, etc. may hamper the growth of market. Furthermore, lack of skilled professionals and high cost are other factors restraining growth of the market.
The global extracorporeal membrane oxygenation machine market can be segmented on the basis of modality in to arterio-venous (AV), veno-venous (VV), and veno-arterial (VA), depending on the different ways of ECMO circuit set up. They are engaged to enable the process of gas exchange and offer hemodynamic support to the patients suffering with cardiac or respiratory failure. The considerable market share of veno-venous (VV) segment can be attributed to the increasing lung transplants, rising incidence of respiratory failure coupled with technological advancements. The market can be further segmented on the basis of applications in to Cardiac, Respiratory, and Extracorporeal Cardiopulmonary Resuscitation (ECPR). These segments can be further categorized as adult, pediatric, and neonate application areas. The respiratory-based segment is the major shareholding segment attributed to rising prevalence of COPD, growing number of patients suffering from respiratory disorders such as chronic bronchitis and emphysema. The extensive upsurge in health awareness are expected to propel the market growth significantly. Geographically, the extracorporeal membrane oxygenation machine market can be segmented in to five regions, North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. North America region is dominating the market due to availability of advanced and well developed facilities in hospitals, government funding, well-built reimbursement network, and encouraged adoption of ECMO machines. Asia Pacific region is projected to witness rapid growth in the market due to increase in number of patients suffering with cardiopulmonary conditions, like asthma, emphysema chronic bronchitis, and respiratory failure.
Key players of the global extracorporeal membrane oxygenation machine market are LivaNova PLC, Medtronic plc, EUROSETS S.r.l, ALung Technologies, Inc., OriGen Biomedical, Inc., NIPRO Corporation, MicroPort Scientific Corporation, Getinge Group, Terumo Corporation, XENIOS AG, and others.
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