Key Research Findings on Extracorporeal CO2 Removal Market Presented for the Period 2018-2026

An insightful study, titled “Extracorporeal CO2 Removal Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” has been freshly broadcasted to the vast research repository of Market Research Reports Search Engine (MRRSE). This 191 page research study provides detailed comprehensions and forecasts future growth of the global market with an in-depth study of the factors impacting revenue growth throughout the mentioned forecast period. Further, a deep analysis on the major players from diverse regions is also present in the report

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The global extracorporeal CO2 removal market is rising with adoption over mechanical ventilation or as an adjunct to invasive mechanical ventilation. The global extracorporeal CO2 removal market was valued at US$ 50 Mn in 2017. It is projected to witness a cumulative annual growth rate (CAGR) of more than 6.0% from 2018 to 2026 to surpass the value of US$ 110 Mn by 2026. The market is expected to witness a high growth owing to higher survival rate of patients through the use of extracorporeal CO2 removal (ECCO2R) life-support machines and favorable medical schemes and reimbursement policies across the globe.

ECCO2R devices effectively remove carbon dioxide but do not provide significant oxygenation, unlike extracorporeal membrane oxygenation (ECMO) devices. Technically, ECCO2R devices possess certain distinctive characteristics, such as, low blood flow ranging from 350-1000 ml/min, which make them less complex than ECMO devices. ECCO2R devices offer smaller vascular access and infrequent adverse reactions against ECMO.

ECCO2R devices comprises pump console with heater and isolating transformer, offering venovenous and arteriovenous access. However, experimental technique rather than an accepted therapeutic strategy restrain the growth of the extracorporeal co2 removal market. Recent technological advancements have introduced safer, simpler, and more routine ECCO2R applications, such as, durable biocompatible membranes, pumps to permit veno-venous support, wire-reinforced dual-lumen catheters, etc. and highly efficient low-flow device are likely to fuel the extracorporeal CO2 removal market in developed countries. Increase in government expenditure on health care in developed countries is anticipated to drive the extracorporeal co2 removal market during the forecast period.

The global extracorporeal CO2 removal market has been divided into five segments: by product, by application, by access type, by end-user, and by geography. Based on product, the market has been further segmented into extracorporeal CO2 machines and disposables. Between these two, the disposables segment accounted for the dominant market share in 2017. Disposables comprises gas exchange devices and access cannulas which are used per unit per patient. Low price of disposables as compared to that of extracorporeal CO2 machines is likely to contribute to the growth of the disposables segment during the forecast period. The extracorporeal CO2 removal machines segment is expected to grow at a significant rate during the forecast period due to adoption of ECCO2R devices in the treatment of COPD, ARDS, etc. as against ECMO devices and mechanical ventilation.

Major players operating in the global extracorporeal CO2 removal market are ALung Technologies Inc., XENIOS AG, Medica SPA, ESTOR S.P.A., Medtronic plc, Getinge AB, and Aferetica s.r.l. ALung Technologies Inc. represent the largest geographical outreach with presence in extracorporeal CO2 removal devices.

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The global extracorporeal CO2 removal market is segmented as follows:

Global Extracorporeal CO2 removal market Revenue, by Product

Extracorporeal CO2 Machines
Disposables
Gas Exchange Units
Access Cannulas
Global Extracorporeal CO2 removal market Revenue, by Application

Chronic Obstructive Pulmonary Disease (COPD)
Acute Respiratory Distress Syndrome (ARDS)
Bridge to Transplant
Others
Global Extracorporeal CO2 removal market Revenue, by Access type

Venovenous
Arteriovenous
Global Extracorporeal CO2 removal market Revenue, by End User

Hospital
Surgical Centers
Others
Global Extracorporeal CO2 removal market Revenue, by Geography

North America
S.
Canada
Europe
Germany
K.
France
Italy
Spain
Rest of Europe
Asia Pacific
India
Japan
China
Australia & New Zealand
Rest of Asia
Rest of the World

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