North America ECMO Market Detailed In New Research Report 2022 -2028 with Future Scope, Share, Size Analysis

The North America ECMO market is expected to grow from US$ 227.85 million in 2022 to US$ 277.36 million by 2028. It is estimated to record a CAGR of 3.3% from 2022 to 2028.

Recent industry research indicates that the "North America ECMO market" is the largest market for ECMO. The US, Canada, and Mexico are main contributors to the regional market. The US dominated the North America ECMO market in 2022. According to the US Centers for Medicare & Medicaid Services, the national healthcare expenditure in the US increased by 9.7% in 2019 to reach US$ 4.1 trillion in 2020. Furthermore, national health spending is expected to grow at a 5.4% annual rate from 2019 to 2028, and it is expected to reach US$ 6.2 trillion by 2028. The rising healthcare expenditure is estimated to increase the adoption of various equipment for patient care, which would fuel the demand for ECMO in the country during the forecast period. The prevalence of cardiovascular diseases in the US is much higher, as more than 50% population is suffering from different types of cardiovascular disease. According to the Centers for Disease Control and Prevention (CDC), every year, more than 0.6 million people die due to cardiovascular disease; this nearly accounts for one in every four deaths. The primary cause of cardiovascular disease among people is hypertension, obesity, and diabetes. According to the American Heart Association, in January 2019, it was reported that over 130 million or 45.1% of people are likely to have some form of cardiovascular disease by 2035. Thus, the growing prevalence of cardiovascular diseases is expected to propel the demand for ECMO in the coming years. .

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This study covers the following Key Players Dominating the North America ECMO Market :

ABIOMED Inc, Braile Biomedica, Eurosets S.R.L., Fresenius Medical Care AG & Co KGaA, Getinge AB, LivaNova Plc, Medtronic Plc, MicroPort Scientific Corporation, Nipro Medical Corporation, and Terumo Group are among the leading companies operating in the North America ECMO market.

North America ECMO Market Segmentation

The North America ECMO market is segmented on the basis of modality, application, age group, and country.

Based on modality, the North America ECMO market is segmented into venoarterial ECMO, venovenous ECMO, and arteriovenous ECMO. The venoarterial ECMO segment held the largest market share in 2022.

Based on application, the North America ECMO market is bifurcated into respiratory and cardiology. The respiratory segment held a larger market share in 2022.

Based on age group, the North America ECMO market is segmented into adults, pediatrics, and neonates. The adults segment held the largest market share in 2022.

Based on country, the North America ECMO market is segmented into the US, Canada, and Mexico. The US dominated the market in 2022.

The Competitive Perspective of the North America ECMO Market:

This analysis is a helpful resource for shareholders, investors, industry planners, and new and existing enterprises looking to increase their market share at the moment. The report rigorously considers the market analysis while concentrating on top firms and their corporate strategies, market presence, operational segmentation, aggressive outlook, regional growth, pricing and price structures.

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North America ECMO Market Research Report Scenario includes:

Chapter 1 provides the report presents qualitative and quantitative trends in the North America ECMO market, which is divided into deployment, component, solution, application, and geography segments.
Chapter 2 provides the report starts with the key takeaways, highlighting the key trends and outlook of the North America ECMO market.
Chapter 3 provides the research methodology of the study.
Chapter 4 provides a brief overview of the Benefits North America ECMO market landscape. It further provides the segmentation of the market with PEST analysis on market scenarios along with ecosystem analysis and expert opinions.
Chapter 5 highlights the Benefits North America ECMO trends and outlook and the prevailing factors that are driving the market, as well as are deterrents to market growth, along with their impact analysis.

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Reason to buy this report:

• Understand the Current and future of the North America ECMO Market in both Established and rising markets.
• The report enlightens the massive patterns, causes, and impact factors globally and regionally.
• The latest developments within the North America ECMO market and details of the industry leaders alongside their market share and methods.
• It looks into vital developments like extensions, agreements, new product launches, and acquisitions on the horizon.
• Analysis the market's potential, preferred position, opportunity, difficulty, restrictions, and hazards on a world and regional level.

Primary Research:

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A typical research interview accomplishes the following tasks:

• Offers first-hand knowledge of market size, market trends, growth trends, competitive landscape, and future outlook.
• Supports and validates secondary research findings
• Expands the Analysis Team's Knowledge of the Market and Expertise

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

• Industry Participants: VPs, Business Development Managers, Market Intelligence Managers and National Sales Managers
• Outside Experts: Valuation Experts, Research Analysts and Key Opinion Leaders Specializing in the Industry

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