A recent report published by Infinium Global Research on extracorporeal membrane oxygenation (ECMO) machine market provides in-depth analysis of segments and sub-segments in the global as well as regional extracorporeal membrane oxygenation (ECMO) machine market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional extracorporeal membrane oxygenation (ECMO) machine market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global extracorporeal membrane oxygenation (ECMO) machine market. According to the report, the global extracorporeal membrane oxygenation (ECMO) machine market is projected to grow at a CAGR of 4.5% over the forecast period of 2019-2025.

Market Insight

Extracorporeal membrane oxygenation is a life support extracorporeal technique. It offers prolonged cardiac and respiratory support to individuals whose heart and lungs are unable to provide an adequate gas exchange required to sustain life. It is primarily used in heart surgeries and can be used for long time periods.

The growing prevalence of cardiovascular and respiratory diseases is one of the major factors contributing to the expansion of the extracorporeal membrane oxygenation machine market. Cardiovascular disease is the leading cause of death across the globe. As per the World Health Organization, around 17.9 million people die due to cardiovascular diseases globally. Additionally, chronic obstructive pulmonary disease is the third leading cause of death worldwide. Nearly 65 million people are suffering from COPD and around 3 million of them die every year. ECMO is applied to treat patients with cardiac and respiratory diseases. ECMO machines provide oxygen and remove carbon dioxide in patients when the lungs and heart fail to carry out the blood oxygenation process. The increasing adoption of ECMO in lung transplantation procedures led to the rise in demand for ECMO machines. Further, the surge in the number of ECMO centers contributes to the expansion of the ECMO machine market. The rising number of training programs about ECMO to create awareness about the ECMO procedures contributes to the growth of the market. In addition, increasing the geriatric population with a rising number of people suffering from diseases stimulates the demand for the ECMO machine. On the flip side, the high cost of ECMO procedures hinders the growth of the ECMO machine market. Additionally, complications associated with ECMO restraint the market growth. Moreover, technological advancement in ECMO machines creates several growth opportunities in the global ECMO machine market.

Geographically, the global extracorporeal membrane oxygenation machine market is segmented into North America, Asia-Pacific, Europe, and the Rest of the World. North America is anticipated to hold a dominant share in the global ECMO machine market. The rising prevalence of lung cancer and the presence of a huge number of ECMO centers in the U.S. drive the expansion of the ECMO machine market in North America. According to the American Cancer Society, there are around 234020 new cases of lung cancer in the United State in 2018. Asia-Pacific region has a healthy CAGR in global ECMO machine market over the forecast period. The growth of the market in the Asia-Pacific region is attributed to the increasing adoption of ECMO machines in India, China and the rising prevalence of cardiovascular diseases in the region.  Europe has significant growth opportunities in the global ECMO machine market owing to the prevalence of cardiovascular diseases in the region and the growing healthcare industry.

Segment Covered

The report on global extracorporeal membrane oxygenation (ECMO) machine market covers segments such as component, modality, and application. On the basis of component, the sub-markets include oxygenators, cannula, accessories, controllers, and pumps. On the basis of modality, the sub-markets include venoarterial ECMO, venovenous ECMO, and arteriovenous ECMO. On the basis of application, the sub-markets include cardiac applications, respiratory applications, and extracorporeal cardiopulmonary resuscitation.

Companies Profiled:

The report provides profiles of the companies in the market such as Medtronic PLC, LivaNova PLC, Terumo Corporation, Nipro Corporation, Getinge Group, MicroPort Scientific Corporation, Origen Biomedical, Inc., Xenios AG, ALung Technologies, Inc., Eurosets S.R.L., and Other companies.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of extracorporeal membrane oxygenation (ECMO) machine market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.