Press release
Extracorporeal Membrane Oxygenation Market will witness 3.5% CAGR to hit $357 mn bn by 2024: Prominent industry players include Getinge, Medtronic, Terumo, Abbott, LivaNova, and Alung
Extracorporeal Membrane Oxygenation Market
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Extracorporeal Membrane Oxygenation Market size is set to exceed USD 357 million by 2024.Increase in cases of cardiopulmonary diseases and respiratory failure in Asia Pacific region will propel the extracorporeal membrane oxygenation market over the forecast timeframe. Currently there are around 4.2 million people with heart failure in China and around 1 million people in Japan. High patient population, developing healthcare infrastructure and high prevalence of cardiopulmonary disorders will lead to industry growth.
Rising government initiatives and programs in Europe is expected to augment the extracorporeal membrane oxygenation market over the forthcoming years. The ECMO program that were initiated in several European countries such as Poland in order to improve the standard of treatment conducted, pertaining to instances of respiratory failure and COPD cases. With increasing government initiatives, the demand for ECMO systems is most likely to grow during the projection years.
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Dearth of skilled professionals, attendants and technicians will be one of the major market growth restraining factors. Extracorporeal membrane oxygenation is a complicated technique associated with several risk factors and need skilled professionals to carry out the procedure. Aforementioned factors will be responsible for declining industry growth.
Arteriovenous extracorporeal membrane oxygenation (ECMO) market is estimated to show considerable growth in the forecast timeframe at a robust CAGR of 2.3%. It has the capabilities to provide the life support while minimizing the risks related to oxygen toxicity and barotrauma. with increasing applications of arteriovenous ECMO, the demand should only increase in near future, resulting in market growth.
Browse key industry insights spread across 140 pages with 90 market data tables & 10 figures & charts from the report, “Extracorporeal Membrane Oxygenation Market Size By Modality (Venoarterial, Veno-venous, Arteriovenous), Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/extracorporeal-membrane-oxygenation-market
Growth drivers
• Increase in cases of cardiopulmonary diseases and respiratory failure in Asia Pacific
• Technological advancements in ECMO device in North America
• Rising patient awareness about benefits delivered by extracorporeal membrane oxygenation device in Latin America
• Rising government initiatives and programs in Europe
Extracorporeal cardiopulmonary resuscitation (ECPR) market will witness substantial growth at a CAGR of 4.2% from 2018 to 2024. ECPR is one of the most rapidly growing techniques in patients with cardiac arrest and is becoming more wide spread due to its varied application in treatment of cardiopulmonary disorder. Increasing use of ECPR to provide circulatory to the patient during cardiac arrest will assist industry expansion.
Pediatric ECMO market segment is slated to experience robust growth at a CAGR 3.2% over the projection years. The use of extracorporeal membrane oxygenation in pediatric patient population has increased significantly in the last few years. Increasing use of ECMO in pediatric patients in order to provide long term heart and breathing support will augment the industry growth in coming few years.
Prominent industry players include Getinge, Medtronic, Terumo, Abbott, LivaNova, and Alung Technologies. The industry players are focusing on strategies such as improving their production number and quality, merger and acquisition, new product development and geographical expansion for improving their market place.
Report Segments: -
Extracorporeal Membrane Oxygenation Market by Modality
• Venoarterial (VA)
• Veno-venous (VV)
• Arteriovenous (AV)
Extracorporeal Membrane Oxygenation Market by Application
• Cardiac
• Respiratory
• Extracorporeal cardiopulmonary resuscitation (ECPR)
Extracorporeal Membrane Oxygenation Market by Patient Population
• Infant
• Pediatric
• Adult
Partial Table of Contents (ToC) of the report:
Chapter 4. Extracorporeal Membrane Oxygenation Market, By Modality
4.1. Global Extracorporeal Membrane Oxygenation Market share, by modality, 2017 & 2024
4.2. Venoarterial (VA)
4.2.1. Market estimates and forecast, by region, 2013 - 2024
4.3. Veno-venous (VV)
4.3.1. Market estimates and forecast, by region, 2013 - 2024
4.4. Arteriovenous (AV)
4.4.1. Market estimates and forecast, by region, 2013 - 2024
Chapter 5. Extracorporeal Membrane Oxygenation Market, By Application
5.1. Global Extracorporeal Membrane Oxygenation Market share, by application, 2017 & 2024
5.2. Cardiac diseases
5.2.1. Market estimates and forecast, by region, 2013 - 2024
5.3. Respiratory diseases
5.3.1. Market estimates and forecast, by region, 2013 - 2024
5.4. Extracorporeal cardiopulmonary resuscitation (ECPR)
5.4.1. Market estimates and forecast, by region, 2013 - 2024
Chapter 6. Extracorporeal Membrane Oxygenation Market, By Patient Population
6.1. Global Extracorporeal Membrane Oxygenation Market share, by patient population, 2017 & 2024
6.2. Infant
6.2.1. Market estimates and forecast, by region, 2013 - 2024
6.3. Pediatric
6.3.1. Market estimates and forecast, by region, 2013 – 2024
6.4. Adult
6.4.1. Market estimates and forecast, by region, 2013 - 2024
Related Reports:
• Oxygen Cylinders and Concentrators Market Size 2017 – 2024
https://www.marketwatch.com/press-release/oxygen-cylinders-and-concentrators-market-to-cross-usd-45-billion-by-2024-2018-12-20
• Homecare Oxygen Concentrators Market Size 2018 – 2024
http://news.marketsizeforecasters.com/homecare-oxygen-concentrators-market-share
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