Membrane Oxygenator Market Significant Demand by 2021 | Top Companies are Medos, Sorin, Kewei (Microport), Wego, Xijian Medical, Beijing Medos AT Biotechnology, DongGuan Kewei Medical Instrument and Edwards Lifesciences Corporation
A membrane oxygenator is a device used to add oxygen and remove carbon dioxide from the blood. It can be used in two ways, mimic the function of the lungs in cardiopulmonary bypass (CPB) and oxygenate the blood in the long term, called extracorporeal membrane oxygenation, ECMO. A membrane oxygenator consists of a thin gas-permeable membrane that separates the blood and gas flow in the CPB circuit; Oxygen diffuses from the gas side to the blood and carbon dioxide diffuses from the blood to the gas for disposal.
Furthermore, the Membrane Oxygenator Market was valued at USD xx Million in 2017 and is expected to be worth the value of USD xx Million by the year 2021 growing at a CAGR of XX% during the forecast period 2017 to 2021.
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Drivers and Restraints:
The usefulness of extracorporeal membrane oxygenation (ECMO) machines for people with respiratory or cardiovascular disorders is immense, which has led to the demand in the global market. In cases where the lungs cannot exhale carbon dioxide or when the heart cannot pump blood through the body, ECMO devices can compensate for this disorder. In addition, the machine is also used for babies who cannot breathe or who have other problems, such as pulmonary hypertension. It also expanded the global market for extracorporeal membrane oxygenation machines and stimulated the growth of market participants.
The growing awareness of the masses regarding respiratory and cardiovascular disorders in emerging economies has highlighted ECMO machines. In addition, the market has grown significantly in Western countries, where governments give total value to medical care. In addition, governments in developing countries have allocated high budgets for the development of the healthcare sector. ECMO machines are also used in intensive care units (ICU) for emergency situations, which in turn drives the demand in the global market for the membrane oxygenation machine. The market certainly benefits from the efforts of governments, health organizations and medical experts.
Geographically the Global Membrane Oxygenator Market is primarily segmented into regions such as Europe, North America, Asia Pacific, Latin America, and Middle East and Africa regions. North America region is estimated to be leading the market with USD 112.3 Million in 2016. It is followed by Europe, Asia Pacific and Latin America regions respectively in terms of market share.
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Key Players of Membrane Oxygenator Market
Medos, Sorin, Kewei (Microport), Wego, Xijian Medical, Beijing Medos AT Biotechnology, DongGuan Kewei Medical Instrument, and Edwards Lifesciences Corporation are the major companies operating in Global Membrane Oxygenator Market.
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided.
The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
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