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Extracorporeal Membrane Oxygenation Machine Market Will Reach USD 834.5 Million By 2030 | CAGR 5.2%
Browse full report at: https://www.psmarketresearch.com/market-analysis/extracorporeal-membrane-oxygenation-machine-market
This development can be ascribed to the increasing occurrence of respiratory failures and cardiopulmonary illnesses, and the rising number of populaces needing ECMO treatment because of the increasing incidence of chronic obstructive pulmonary illnesses. Further, technological enhancements in the healthcare sector, several government steps to spread awareness regarding such diseases and the qualities of ECMO devices, and huge research and development expenditure boosts the industry.
In 2021, the oxygenators category had the largest market share, of above 35%, and is projected to continue to be dominance in the future as well. This is mainly because of the increasing occurrence of severe lung diseases among kids and the mounting knowledge regarding the functions of ECMO devices.
The APAC extracorporeal membrane oxygenation machine market is set to witness the fastest development, growing at a CAGR of above 5% in the coming years. mainly because of increasing people's knowledge regarding the benefits of ECMO machines and the elderly population.
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Hence, the increasing occurrence of respiratory failures and cardiopulmonary illnesses, and the rising number of populaces needing ECMO treatment because of the increasing incidence of chronic obstructive pulmonary illnesses, are the major factors propelling the extracorporeal membrane oxygenation machine industry.
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