Press release
Extracorporeal Membrane Oxygenation Machine Market is currently valued at USD 268.92 million in 2018 and is expected to reach USD 331.93 million by 2023
Extracorporeal membrane oxygenation is a treatment that uses a pump to circulate blood through an artificial lung back into the bloodstream of a very ill baby. This system provides heart-lung bypass support outside of the baby's body. When you are connected to an ECMO, blood flows through tubing to an artificial lung in the machine that adds oxygen and takes out carbon dioxide; then the blood is warmed to body temperature and pumped back into your body. The ECMO machine replaces the function of the heart and lungs.
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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. The development of the healthcare facilities and the rising investment by the leading players supported the growth of the global extracorporeal membrane oxygenation machine market in the last few years.
Extracorporeal Membrane Oxygenation Machine Market Forecast Report (2018-2023)
Extracorporeal Membrane Oxygenation Machine market size was around USD 268.92 million in 2018. It is expected to grow at a CAGR of 4.3% to reach USD 331.93 million by 2023.
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Extracorporeal Membrane Oxygenation Machine Market Segmentation
The global Extracorporeal Membrane Oxygenation Machine market can be categorized on the basis of modality and application. On the basis of Modality, it is segmented into veno-Arterial (VA), veno-venous (VV) and arterio-venous (AV). On the basis of application, it is segmented into Respiratory, Cardiac and Extracorporeal Cardiopulmonary Resuscitation (ECPR). The respiratory segment accounts for the largest share of this market segment.
By geography, the global Extracorporeal Membrane Oxygenation Machine market has been categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Presently, North America accounts for the largest market share while Asia Pacific has the highest CAGR.
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Major Players:
The major companies dominating this market for its products and services are
Getinge Group
Medtronic plc
LivaNova PLC
XENIOS AG
Terumo Corporation
MicroPort Scientific Corporation
NIPRO Corporation
OriGen Biomedical Inc.
ALung Technologies Inc.
EUROSETS S.r.l.
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