United State-Report Ocean (150+ country’s markets analyzed, function on 1,00000+ published and forthcoming reports every year.] presents a research report and top winning strategies for the Extracorporeal Membrane Oxygenation Machine. Best subject matter experts, researchers, and market research professionals organized this report in order to ensure that the information in it is compiled from the most authentic sources and that the forecast is of the highest accuracy. To forecast market growth, specialists employ a variety of methodologies and analytical approaches, including S.W.O.T. (analysis methods), P.E.S.T.E.L. analysis, and regression analysis. The Extracorporeal Membrane Oxygenation Machine study also looks at the various regulations and policies that the firm has implemented. This report discusses the industry in terms of research technology and precise prospective utilization, innovation, and future advancements in the Extracorporeal Membrane Oxygenation Machine.
The extracorporeal membrane oxygenation (ECMO) machine market size is expected to reach USD 297.5 million by 2030 according to a new study by Report Ocean.
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The report “Extracorporeal Membrane Oxygenation Machine Market Report, By Component (Pumps, Oxygenators, Controllers, Cannula, Accessories); By Modality (Veno-Arterial, Veno-Venous, Arterio-Venous); By Patient Type; By Application; By Regions; Global opportunity analysis and industry forecast 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing old age population, with the rising prevalence of coronary heart disorders, is boosting the adoption of the uptake of Extracorporeal Membrane Oxygenation Machine (ECMO). Coronary heart disorders are strongly correlated with age and are one of the leading causes of death across the globe. According to the estimates of the United Nations, the old age population is expected to rise exponentially to 426 million, by 2050.
Moreover, the rapid uptake of extracorporeal membrane oxygenation machines are catalyzed by the continuously evolving technology landscape. Recent advancements include innovations in pumps, heparin-coated cannulas, and oxygenators used in such systems to be used in surgical procedures. Moreover, portable extracorporeal membrane oxygenation machines are developed, which helps in transportation of the critically ill people.
In 2020, the adult segment accounted for the majority of the share during the assessment period and is likely to retain its dominance. People with a busy and sedentary lifestyle, coupled with consumption of alcohol and smoking are the key factors responsible for the growth. As per the report by Extracorporeal Life Support Organization, in 2016, there were approximately 7,850 adults were suffering from cardiac problems.
For instance, in February 2020, FDA has approved the heart and lung support machine, “Novalung”, to treat cardiopulmonary failure. This is the first of its kind of extracorporeal membrane oxygenation machine, manufactured by Fresenius Medical Care North America, to be used as life support for patients. This extracorporeal membrane oxygenation machine pumps and oxygenates an individual’s blood, thereby reducing stress on damaged airways and heart.
Moreover, it offers an alternative solution to traditional mechanical ventilation, which usually causes lung injury due to high air pressure. Previously, in September 2017, CytoSorbents Corporation introduced ECMO kit in Austria. The kit is comprised of a blood purification cartridge and tubing connector set, which allows hassle-free integration in the currently available extracorporeal membrane oxygenation machines in the market.
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COVID-19 Impact
The COVID-19 pandemic in 2019 engulfed the world. It caused a worldwide halt. The entire global economy was affected. In addition, many people have also lost their lives. Around 252,297,094 cases and 5,091,465 deaths have been reported worldwide so far for COVID-19. The pandemic spread to almost every country in the world. In most industries, the pandemic resulted in some form of loss. As a result of the pandemic, the extracorporeal membrane oxygenation (ECMO) machine market also experienced a slowdown. Statista estimates that the extracorporeal membrane oxygenation (ECMO) machine market total worldwide revenue stood at approximately US$ 3.94 trillion in 2019. In 2014, the extracorporeal membrane oxygenation (ECMO) machine marketgenerated revenues of US$ 5.4 trillion at a record high.
The degree of competition among prominent global companies has been developed by analyzing several leading competitors operating globally. In addition, specialist analysts examine various aspects of the extracorporeal membrane oxygenation (ECMO) machine market, including market competition, market share, the most recent advancements in the industry, innovative product launches, partnerships, mergers, and acquisitions by leading companies.
Segmentation:
Extracorporeal Membrane Oxygenation Machine, Component Outlook (Revenue – USD Million, 2016 – 2028)
Controllers
Cannula
Pumps
Oxygenator
Accessories
Extracorporeal Membrane Oxygenation Machine, Modality Outlook (Revenue – USD Million, 2016 – 2028)
Veno-Arterial
Arterio-Venous
Veno-Venous
Extracorporeal Membrane Oxygenation Machine, Patient Type Outlook (Revenue – USD Million, 2016 – 2028)
Neonates
Pediatric
Adult
Extracorporeal Membrane Oxygenation Machine, Application Outlook (Revenue – USD Million, 2016 – 2028)
Respiratory
Cardiac
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Extracorporeal Membrane Oxygenation Machine, Regional Outlook (Revenue – USD Million, 2016 – 2028)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Spain
Netherlands
Austria
Asia Pacific
China
India
Japan
Malaysia
South Korea
Indonesia
Central & South America
Mexico
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Major Players: Companies in the market for extracorporeal membrane oxygenation machine include MAQUET Holding B.V., Medtronic plc, Nipro Medical Corporation, Sorin Group, Terumo Cardiovascular Systems, Medos Medizintechnik AG, and Microport Scientific some of the key players operating in the concerned market. Key players in the market are focusing on product launches to stay competitive.
Key questions answered in the global Extracorporeal Membrane Oxygenation Machine market report are:
- How does a global company acquire markets?
- What are its core strategies and policies?
- What factors will influence the Extracorporeal Membrane Oxygenation Machine market over the forecast period?
- What are the factors driving and restraining the market for Extracorporeal Membrane Oxygenation Machine?
- What are the leading competitors in the global market?
- Which region is growing at a higher pace in the global market?
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