Extracorporeal Membrane Oxygenation Machine Market, Industry Foreseen to Grow Exponentially by 2022

The development of extracorporeal membrane oxygenation (ECMO) therapies occupies a significant role in a fast expanding armamentarium of organ support measures available with clinicians from multidisciplinary teams. The new approach is gaining traction in the intensive care management of acute cardiac and respiratory failures among adult patients in various developing and developed regions. ECMO machines are witnessing wide demand for managing various types of acute respiratory distress syndrome (ARDS) or for patients recovering from heart or lung failures. In recent years, the growing number of indications for the use of ECMO technique in severe cardiac or pulmonary failures is attributed to their better efficacy than most conventional therapies or modes of treatment used by clinicians. Recent advancements in standardized ECMO clinical practices, notably in venovenous ECMO, are expected to open up promising avenues in the extracorporeal membrane oxygenation market. ECMO machines are gaining traction as a bridge for patients awaiting heart or lung transplant.

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The global extracorporeal membrane oxygenation machine market is projected to rise from a worth of US$266.3 Mn in 2017 to reach a valuation of US$376.0 Mn by 2022 end. The market is estimated to rise at a CAGR of 7.1% during the forecast period of 2017–2022.

Venovenous ECMO Anticipated to be Emerge as Dominant Modality 

The major modalities used in ECMO machine are venovenous, venoarterial, and arteriovenous. Among these, the venovenous ECMO segment currently holds the leading share estimated to be 47.7% in 2017 and is expected to maintain its dominance during 2017–2022. The segment that is worth US$126.9 Mn is projected to reach US$177.3 Mn in by the end of the forecast period.  This represents a share of 47.1% in the overall ECMO modality market. The segment is projected to rise at a CAGR of 6.9% during the same period. The annual growth of the segment is pegged at US$10.1 Mn annually during the assessment period, representing an absolute growth which is higher than all other modality segments. The wide popularity of venovenous ECMO modalities in managing acute cardiac or pulmonary failures is on the account of their capability for complete respiratory support and is mainly attributed to their improved clinical outcomes.

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North America to Present Vast Lucrative Avenues over Assessment Period

The various regional markets for global extracorporeal membrane oxygenation machine comprise North America, the Middle East and Africa, Latin America, Asia Pacific excluding Japan (APEJ), Japan, and Europe. Of these, North America is projected to hold the leading shares, vis-à-vis revenue, of the global market throughout the forecast period. The regional market is projected to rise from US$90.1 Mn in 2017 to reach US$128.2 Mn by the end of 2022. This accounts for CAGR of 7.3% from 2017 to 2022. The prominence of the regional market is attributed mainly to favorable reimbursement scenario in several nations and the rising demand for various ECMO modalities in the management of patients with lung cancer and ARDS.

APEJ to Rise at Impressive Pace

APEJ is a prominent regional market for extracorporeal membrane oxygenation machine as it accounts for a revenue share of 22.0% of the global market by the end of 2017. The regional market is projected to gain a market share estimated at 76 BPS between 2017 and 2022. The rising prevalence of cardiovascular disease (CVD) in various parts of the region is expected to fuel the demand for ECMO machines 

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