Global Extracorporeal Membrane Oxygenation Machine Market, By Component (Pumps, Oxygenators, Controllers, Cannula and Accessories), Modality (Veno-Arterial, Veno-Venous and Arterio-Venous), Application (Respiratory, Cardiac and Extracorporeal Cardiopulmonary Resuscitation (ECPR)), Patient Group (Infant, Paediatric and Adult), End User (Hospitals, Home Care Settings, Ambulatory Centres and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Extracorporeal Membrane Oxygenation Machine Market
Data Bridge Market Research analyses that the extracorporeal membrane oxygenation machine market will exhibit a CAGR of around 4.65% for the forecast period of 2022-2029. Rising prevalence of chronic disorders, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced IT healthcare technologies, rising geriatric population base around the globe and rising expenditure for the development of healthcare infrastructure especially in the developing economies are the major factors attributable to the growth of extracorporeal membrane oxygenation machine market.
Extracorporeal membrane oxygenation machine are the medical devices that are used to provide cardiac and respiratory life support to the patients. Extracorporeal membrane oxygenation machine provides prolonged life support to the patients as their organs are unable to perform the functions.
Upsurge in the cases of respiratory and cardiopulmonary disorders is one of the major factors fostering the growth of the market. Higher survival rate due to the use of ECMO life support machines is another market growth determinant. Ever- rising technological advancement and innovation of new instruments, poor lifestyle choice and growing cases of lung and heart failure that will further generate lucrative market growth opportunities.
However, lack of awareness about the diseases and treatment will derail the market growth rate. Also, dearth of skilled medical professionals and research analysts and dearth of a favourable reimbursement scenario in the developing and underdeveloped economies will further pose challenges for the market. Further, high cost of extracorporeal membrane oxygenation machine procedures will also hamper the market growth rate.
This extracorporeal membrane oxygenation machine market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on extracorporeal membrane oxygenation machine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Extracorporeal Membrane Oxygenation Machine Market Scope and Market Size
The extracorporeal membrane oxygenation machine market is segmented on the basis of component, modality, application, patient group and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of component, the extracorporeal membrane oxygenation machine market has been segmented into pumps, oxygenators, controllers, cannula and accessories.
- Based on modality, the extracorporeal membrane oxygenation machine market has been segmented into veno-arterial, veno-venous and arterio-venous.
- Extracorporeal membrane oxygenation machine market has been segmented on the basis of application into respiratory, cardiac and extracorporeal cardiopulmonary resuscitation (ECPR).
- Based on patient group, the extracorporeal membrane oxygenation machine market has been segmented into infant, paediatric and adult.
- Extracorporeal membrane oxygenation machine market has also been segmented into hospitals, home care settings, ambulatory centers and others on the basis of end user.
Extracorporeal Membrane Oxygenation Machine Market Country Level Analysis
The extracorporeal membrane oxygenation machine market is analysed and market size insights and trends are provided by country, component, modality, application, patient group and end user as referenced above.
The countries covered in the extracorporeal membrane oxygenation machine market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America and Europe dominate the extracorporeal membrane oxygenation machine market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is because of the increase in the expenditure for research and development proficiencies, high spending on healthcare, increase in the prevalence of cardiac and respiratory disorders, presence of key players in this region, and introduction of technologically advanced products in the region. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period owing to the increasing government expenditure on healthcare sector, rising geriatric population base especially in emerging economies such as India and China and rising personal disposable income.
The country section of the extracorporeal membrane oxygenation machine market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The extracorporeal membrane oxygenation machine market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for extracorporeal membrane oxygenation machine market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the extracorporeal membrane oxygenation machine market. The data is available for historic period 2010 to 2020.
Competitive Landscape and Extracorporeal Membrane Oxygenation Machine Market Share Analysis
The extracorporeal membrane oxygenation machine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to extracorporeal membrane oxygenation machine market.
Some of the major players operating in the extracorporeal membrane oxygenation machine market report are Getinge AB, Medtronic, Terumo Cardiovascular Systems Corporation, MicroPort Scientific Corporation, Fresenius Medical Care AG & Co. KGaA, NIPRO, LivaNova PLC, OriGen Biomedical, ALung Technologies, Inc., Abbott, EUROSETS, Braile Biomédica, Elsius Biomedical, XENIOS AG, Hemovent GmbH, Agilent Technologies, Inc., Siemens, Stryker, Zimmer Biomet, Smith & Nephew plc, Promega Corporation and Thermo Fisher Scientific Inc., among others.
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