The global extracorporeal membrane oxygenation machine market was valued at USD 267.60 million in 2018 and is likely to grow at a 4.8% CAGR between 2019- 2025, as per the recent report by Market Research Future (MRFR). Extracorporeal membrane oxygenation machine or the life support machine is used to treat various lung and heart disease. Its function is to offer the body with sufficient oxygen when the lung and heart do not function properly. The extracorporeal membrane oxygenation machine is used to treat lung cancer and other chronic disorders.
Various factors are adding to the extracorporeal membrane oxygenation machine market growth. According to the new MRFR report, such factors include increasing cases of lung cancer & other chronic diseases, rising geriatric population, growing prevalence of cardiovascular diseases, increasing use of ECMO, technological advances, and increasing awareness programs.
On the contrary, increasing side effects post treatment, technical failures, scarcity of skilled professionals, and high surgery costs are factors that may limit the extracorporeal membrane oxygenation machine market growth over the forecast period.
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Market Segmentation
The MRFR report offers an inclusive segmental analysis of the global extracorporeal membrane oxygenation machine market report based on application, modality, and component.
By Component
- Cannula
- Controllers
- Oxygenators
- Pumps
- Accessories
By Modality
- Arterio-Venous (AV)
- Veno-Venous (VV)
- Veno-Arterial (VA)
By Application
- Extracorporeal Cardiopulmonary Resuscitation (ECPR)
- Cardiac
- Respiratory
Key Players
Notable players profiled in the global extracorporeal membrane oxygenation machine market report include Terumo Cardiovascular Systems Corp, Medos Medizintechnik AG, MAQUET Holding B.V. & Co. KG, ALung Technologies, Inc., Nipro Corporation, Microport Scientific Corporation, Fresenius Medical Care AG & Co. KGaA, Terumo Corporation, Siemens AG, Agilent Technologies, Abbott, Livanova PLC, Medtronic, and Getinge Group.
Regional Analysis
Based on the region, the global extracorporeal membrane oxygenation machine market report covers the growth opportunitues and recent trends across the Americas, Europe, the Asia Pacific (APAC), and the Middle East & Africa (MEA). Among these, the Americas will lead the market over the forecast period. The development of new medical devices, rising investment in R&D, favorable reimbursement scenario, and the rising prevalence of lung cancer are adding to the growth of the market in the region. The US & Canada are the major contributors in the region for increasing cases of cancer in the region and high COPD cases.
The extracorporeal membrane oxygenation machine market in Europe is predicted to have the second-largest share in the market over the forecast period. The involvement of key companies, the rise in chronic diseases, and the presence of a well-established healthcare system are adding to the growth of the market in the region. Rising cases of lung cancer are also boosting the market growth.
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The extracorporeal membrane oxygenation machine market in the APAC region is predicted to grow at a fast pace over the forecast period. Growing cases of lung cancer are adding to the growth of the market in the region. China is a major contributor in the region, with a good number of people being diagnosed with lung cancer each year and is a key cause of death.
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According to a new market research report "EMO Machine Market by Modality (Veno-Arterial (VA), Veno-Venous (VV), Arterio-Venous (AV)), Application (Respiratory, Cardiac, Extracorporeal Cardiopulmonary Resuscitation (ECPR)), and Region - Analysis & Forecasts to 2021" published by MarketsandMarkets, The market is expected to reach USD 305.3 Million by 2021 from USD 247.2 Million in 2016, at a CAGR of 4.3%.Browse 78 market data Tables and 31 Figures spread through 129 Pages and in-depth TOC on "Extracorporeal Membrane Oxygenation Machine Market"Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=255167654 The report analyzes and studies the major market drivers, restraints/challenges, and opportunities for the forecast period of 2016 to 2021.
However, complications associated with ECMO such as bleeding, infections, and technical failures; along with high cost and lack of skilled professionals is a challenge to the market.The global ECMO machine market is segmented on the basis of modality, applications, and regions.
The large share of this segment can be attributed to factors such as rising incidence of respiratory failure, lung cancer, and lung transplants, and increasing adoption of ECMO.On the basis of region, the global ECMO machine market is divided into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
In 2016, North America accounted for the largest share of the market, followed by Europe, Asia-Pacific, and the Rest of the World.
The Asia-Pacific market is projected to grow at the highest CAGR and serve as a revenue pocket for companies offering ECMO systems.Request For Sample Pages: http://www.marketsandmarkets.com/requestsample.asp?id=255167654 In 2015, the market was dominated by the Getinge Group (Sweden), Medtronic plc (Ireland), and LivaNova PLC (U.K.).
The other players in the Extracorporeal Membrane Oxygenation Machine Market are XENIOS AG (Germany), Terumo Corporation (Japan), MicroPort Scientific Corporation (China), NIPRO Corporation (Japan), OriGen Biomedical, Inc. (U.S.), ALung Technologies, Inc. (Germany), and EUROSETS S.r.l.
