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Extracorporeal Membrane Oxygenation Market analysis by 2024 | Getinge, Medtronic, Terumo, Abbott, LivaNova, and Alung Technologies
Extracorporeal Membrane Oxygenation Market
U.S. extracorporeal membrane oxygenation market will witness significant growth in the forecast time frame at a CAGR of 2.6%. Enhanced healthcare infrastructure, presence of skilled labors and increasing prevalence of cardiovascular and respiratory diseases in the country will boost the regional market growth.
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Rising patient awareness about benefits offered by extracorporeal membrane oxygenation device in Latin America region will result in tremendous industry growth. Increasing medical tourism, developing healthcare infrastructure and awareness among the people regarding application of ECMO in treatment of cardiopulmonary disorders will fuel the market growth.
High risks complications related to ECMO such as stroke, excessive bleeding, infection and pneumonia will be one of the major market impeding factor. According to a study conducted by National Institute for Health and Care Excellence, around 50% of the patients died during ECMO procedure due to severe bacterial infection and multiple organ failure. Aforementioned factors will play major role in restraining the industry growth.
Application of ECMO in cardiac diseases held significant market share with a total value of around USD 84.7 million 2017. According to European Heart Network, every year cardiovascular diseases account for around 4 million deaths in Europe. Increase in prevalence of cardiovascular diseases across the globe should drive the segment growth.
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Infant patient population will experience lucrative growth from the year 2018 to 2024 at a robust CAGR of 3.0%. The neonatal respiratory patients have been treated most successfully with the help of ECMO. Increase in use of extracorporeal membrane oxygenation (ECMO) in infants suffering from severe cardiopulmonary failure will augment the segment growth in the near future.
Some of the notable industry players are Getinge, Medtronic, Terumo, Abbott, LivaNova, and Alung Technologies, among others. Industry players are focusing on strengthening their research and development activities by launching technologically improved and enhanced ECMO devices along with initiating remote programs for customers to expand the market at rural level as well as sustain market position by adopting strategies such as partnership, strategic collaboration, acquisition and merger.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Getinge
• Medtronic
• Terumo
• Abbott
• LivaNova
• and Alung Technologies
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
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