The global extracorporeal membrane oxygenation machine market is projected to rise from a worth of US$266.3 Mn in 2017 to reach a valuation of US$376.0 Mn by 2022 end.
Albany, NY -- (SBWIRE) -- 11/24/2017 -- Market Research Hub (MRH) has recently added a research report on the global extracorporeal membrane oxygenation machine market titled 'Extracorporeal Membrane Oxygenation Machine Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022.' According to the report, the global market for extracorporeal membrane oxygenation machine is estimated to be worth US$ 266.3 Mn by 2017.This is projected to reach a valuation of US$ 376.0 Mn by 2022 end. The market is predicted to rise at a CAGR of 7.1% during the forecast period 2017-2022. As per the report study, the global market for extracorporeal membrane oxygenation machine will register growth at a healthy pace within the forecast period of 2017-2022.
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The research report presents a detailed assessment of restraints and drivers and factors influencing the market across different regions. This report focuses on the market share and size of different segments. The report also presents a comparative analysis by highlighting the year-over-year (YoY) segmental growth during the said period across the various assessed regional markets. The report further provides in-depth insights in identifying the promising opportunities and trends that are responsible for the growth of the market.
Factors Governing the Global Extracorporeal Membrane Oxygenation Machine Market
The increasing demand for ECMO therapies for treating various types of respiratory failures among children and adults is a main factor responsible for the growth of the global market for extracorporeal membrane oxygenation machine. Also, the increasing adoption of ECMO in treating a particular type of acute respiratory distress syndrome (ARDS) is another factor accelerating the growth of the market. ECMO therapies help patients by providing extracorporeal life support for recovering from lung failure and heart failure. The increasing adoption of ECMO machines for providing prolonged support for cardiac and respiratory functions in adult patients is providing lucrative opportunities for key market players. The significant survival benefits in rescuing patients with specific cardiac arrest symptoms that do not respond to conventional resuscitation is another factor that will rev-up the adoption of ECMO machines over the coming years.
Global Extracorporeal Membrane Oxygenation Machine Market: Segmental Analysis
The research report segments the global market for extracorporeal membrane oxygenation machine on the basis of region, application and modality.
- On the basis of region, the global extracorporeal membrane oxygenation machine market is segmented into North America, Japan, the Middle East and Africa (MEA), Latin America, Europe and Asia Pacific excluding Japan (APEJ). Among all the regions North America is expected to remain the dominating player in the global market for extracorporeal membrane oxygenation machine and will have leading revenue share over the forecast period.
- Based on modality, the report divides the global extracorporeal membrane oxygenation machine market into venovenous ECMO, arteriovenous ECMO, and venoarterial ECMO. The venovenous ECMO segment holds a dominating share and is expected to maintain its leading position in the coming years.
- Based on application, the global extracorporeal membrane oxygenation machine market is segmented into extracorporeal cardiopulmonary resuscitation, cardiology and respiratory.
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Global Extracorporeal Membrane Oxygenation Machine Market: Key Players
The report profiles a few of the key players in this market by analyzing the factors impacting their market revenue share and also features strategies adopted by different companies to acquire a hold in the global market for extracorporeal membrane oxygenation machine. Companies functioning in the global extracorporeal membrane oxygenation machine market profiled in the report are Nipro Corporation, ALung Technologies, Inc., Medtronic Plc., Eurosets S.r.l., MicroPort Scientific Corporation Getinge AB, Xenios AG and Terumo Corporation, LivaNova PLC.
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