Press release
Extracorporeal Membrane Oxygenation Device Market to Remain Lucrative During 2017 - 2025
Increase adoption of extracorporeal membrane oxygenation devices in hospitals and clinics has propelled the growth of this market. High risk associated with the use of extracorporeal membrane oxygenation devices may hamper the growth of this market over the forecast period. Despite this, high cost of devices, risk of complication during ECMO treatment, and presence of conventional techniques are some of the hindering factors. Lack of availability of skilled profession in low economic countries will restrain the growth of extracorporeal membrane oxygenation devices market.
On the basis of regional presence, global extracorporeal membrane oxygenation devices market is segmented into five key regions viz. North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. North America is expected to dominate the market in term of revenue due to favorable reimbursement scenario in this region.
Extracorporeal membrane oxygenation devices market is then followed by Europe and Asia- Pacific. Europe is expected to show high growth rate owing to technological advancement and high prevalence of COPD patient. In Asia-Pacific region, India and China are the major markets for extracorporeal membrane oxygenation devices market.
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Some of the key player for extracorporeal membrane oxygenation devices market are Maquet Holding B.V. & CO. KG., Medtronics, Sorin Group, Terumo Medical Corporation, Nipro Medical Corporation, Medos Medizintechnik AG, MicroPort Scientific Corporation. Major player in this market is focusing on merger and acquisition to expand their product portfolio and geographic reach.
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Market Dynamics:
Drivers:
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