Global Extracorporeal Membrane Oxygenation Machine Market: Snapshot

The development of the healthcare facilities and the rising investment by the leading players have supported the growth of the global extracorporeal membrane oxygenation machine market in the last few years. The rising awareness among consumers and the willingness to spend a large amount on medical services are projected to enhance the growth of the market in the next few years.

global extracorporeal membrane oxygenation machine marketAccording to the market research study published by Transparency Market Research, in 2016, the global market for extracorporeal membrane oxygenation machine was worth US$307.00 mn and is projected to reach a value of US$487.40 mn by the end of 2025. The market is likely to register a healthy 5.40% CAGR between 2017 and 2025.

Rise in Number of Extracorporeal Membrane Oxygenation Centers to Encourage Growth

The rising prevalence of respiratory and cardiovascular diseases and the rise in the number of ECMO centers are some of the major factors that are projected to encourage the growth of the global extracorporeal membrane oxygenation machine market in the next few years. The rise in the adoption of ECMO in lung transplantation procedures is another key factor that is likely to accelerate the growth of the market in the near future. In addition to this, the increasing research and development activities and technological advancements are projected to support the growth of the market and offer promising growth opportunities for the market players in the next few years.

On the flip side, the lack of skilled professionals and the high cost of extracorporeal membrane oxygenation procedures are considered as major challenges, which are expected to hamper the growth of the market in the near future. Moreover, the complications that are associated with these machines are estimated to restrict the market growth in the near future. Nonetheless, the rising survival rates with the use of extracorporeal membrane oxygenation machine is projected to accelerate the growth of the overall market in the next few years.

Rising Adoption of Advanced technology to Drive North America Market

The global market for extracorporeal membrane oxygenation machine has been classified on the basis of geography into Latin America, North America, the Middle East and Africa, Europe, and Asia Pacific. In 2016, North America led the global market and held a major share. This region is projected to continue with its dominance in the next few years, thanks to the availability of advanced healthcare infrastructure and the rising acceptance of technology. North America is projected to be followed by Europe, which is likely to maintain its second position in the next few years. The presence of several leading players and the high investments on research and development activities are projected to accelerate the growth of the market in the next few years. Furthermore, Asia Pacific is predicted to witness a high growth in the coming few years, owing to the rising prevalence of respiratory diseases, rising investments, and the development of the healthcare infrastructure.

The global market for extracorporeal membrane oxygenation machine is a highly competitive market with a huge number of players operating across the globe. The market is expected to witness an entry of new players in the next few years, thanks to which the level of competition is projected to increase significantly among the key players. The key players in the market are focusing on the innovative business strategies, which is projected to enhance the competitive environment of the market and support the key players for market penetration across the globe. In addition to this, the development of new products and the increasing research and development activities are estimated to accelerate the growth of the overall market in the coming few years. Furthermore, the rising mergers and acquisitions and collaborations are predicted to offer promising growth opportunities for the market players in the next few years. Some of the key players operating in the extracorporeal membrane oxygenation machine market across the globe are Getinge AB, EUROSETS, LivaNova PLC., Terumo Corporation, Medtronic plc., Hemovent GmbH, XENIOS AG, and Nipro Corporation.

Global Extracorporeal Membrane Oxygenation Machine Market: Scope and Methodology

This report on the global extracorporeal membrane oxygenation machine market analyzes the current and future prospects of the market. The report comprises an elaborate executive summary, including a market snapshot that provides overall information of various segments and sub-segments.

The research is a combination of primary and secondary research. Primary research formed the bulk of our research efforts along with information collected from telephonic interviews and interactions via e-mails. Secondary research involved study of company websites, annual reports, press releases, stock analysis presentations, and various international and national databases. The report provides market size in terms of US$ Mn for each segment and sub-segment for the period from 2017 to 2025, considering the macro and micro environmental factors. Growth rates for each segment within the global extracorporeal membrane oxygenation machine market have been determined after a thorough analysis of past trends, demographics, future trends, technological developments, and regulatory requirements.

A detailed qualitative analysis of factors responsible for driving and restraining market growth and future opportunities has been provided in the market overview section. This section of the report also includes market attractiveness analysis that provides a thorough analysis of the overall competitive scenario in the global extracorporeal membrane oxygenation machine market.

Market revenue in terms of US$ Mn for the period between 2015 and 2025 along with the compound annual growth rate (CAGR %) from 2017 to 2025 are provided for all the segments, considering 2016 as the base year. Market size estimations involved in-depth study of various segments of global extracorporeal membrane oxygenation machine market.

Extracorporeal Membrane Oxygenation Machine Market: Segmentation

Extracorporeal membrane oxygenation (ECMO) is a traditional cardiopulmonary procedure that provides support during various types of cardiac and pulmonary surgical procedures. Extracorporeal membrane oxygenation system is used for the patient suffering from heart failure and lung failure. It acts as a cardiac and respiratory support. Effective oxygenation is obtained when oxygen and blood are running in opposite direction through a thin porous membrane. The extracorporeal membrane oxygenation machine market has a huge scope during the forecast period. The global extracorporeal membrane oxygenation machine market can be segmented based on component type application, modality and region

Depending on the component type the global extracorporeal membrane oxygenation machine market is segmented into pumps, oxygenators, heat exchangers, saturation monitors and others (Bladders, Cannulas). The pumps segment includes two main sub-segments viz. roller pumps and centrifugal pumps. The oxygenators segment is projected to be a highly attractive segment of the global extracorporeal membrane oxygenation machine market during the forecast period. The segment is anticipated to be expand at a CAGR of 5.7% during the forecast period. Increasing number of emerging players operating in the market for oxygenator manufacturing is expected to fuel the segment growth.

Based on application the global extracorporeal membrane oxygenation machine market is categorized into respiratory, cardiology and extracorporeal cardiopulmonary resuscitation. The cardiology segment is a rapid growing segment of the global extracorporeal membrane oxygenation machine market. Based on modality the extracorporeal membrane oxygenation machine market is classified into, venoarterial, venovenous and arteriovenous. Venoarterial is a rapidly growing segment driven by rise in prevalence of cardiovascular disease globally as well as improving health care infrastructure in developing countries.

Extracorporeal Membrane Oxygenation Machine Market: Geographical and Competitive Dynamics

Geographically, the global extracorporeal membrane oxygenation machine market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, the regions have been further segmented by major countries from each region.

The report also profiles major players in the extracorporeal membrane oxygenation machine market based on various attributes such as company overview, financial overview, SWOT analysis, key business strategies, product portfolio, and recent developments. Key companies Terumo Corporation, Medtronic plc, Getinge AB, LivaNova PLC, Nipro Corporation, MicroPort Scientific Corporation, XENIOS AG, OriGen Biomedical, EUROSETS and Hemovent GmbH.

The global Extracorporeal Membrane Oxygenation Machine Market is segmented as follows:

Global Extracorporeal Membrane Oxygenation Machine Market, by Component type

  • Pumps
    • Roller Pumps
    • Centrifugal Pumps
  • Oxygenators
  • Heat Exchangers
  • Saturation Monitors
  • Others (Bladders, Cannulas)

Global Extracorporeal Membrane Oxygenation Machine Market, by Application

  • Respiratory
  • Cardiology
  • Extracorporeal Cardiopulmonary Resuscitation

Global Extracorporeal Membrane Oxygenation Machine Market, by Modality

  • Venoarterial
  • Venovenous
  • Arteriovenous

Global Extracorporeal Membrane Oxygenation Machine Market, by Geography

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Israel
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
.