Extracorporeal Membrane Oxygenation Machine Market Overview, Drivers, Restraints and Industry Forecast By 2030
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Increasing prevalence of Cardiovascular Diseases (CVD) and respiratory diseases is a significant factor driving global ECMO machine market revenue growth
VANCOUVER, BC, CANADA, January 16, 2023 /EINPresswire.com/ -- The Global Extracorporeal Membrane Oxygenation Machine Market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report pays special heed to the emerging business components, niche sectors, and product launches and brand promotions occurring in the market to help the readers make fruitful investment strategies. The report covers a comprehensive impact analysis of the global health crisis on the overall growth of the market. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period. The Global Extracorporeal Membrane Oxygenation Machine Market studies the market scenario to offer growth projections for the Extracorporeal Membrane Oxygenation Machine industry for the forecast period of 2022-2030. The report focuses on potential growth opportunities and limitations the prominent players of the industry might face during the entirety of the forecast timeline.
The global Extracorporeal Membrane Oxygenation (ECMO) machine market size is expected to reach USD 802.7 Million at a steady revenue CAGR of 4.9% in 2030, according to latest analysis by Emergen Research. Increasing number of ECMO centers and hospitals offering ECMO services is a major factor driving market revenue growth. Extracorporeal membrane oxygenation is a life-supporting device that helps patients with severe respiratory failure by providing respiratory and cardiac support. Extracorporeal membrane oxygenation is thought to be best delivered in a high-volume facility with a multidisciplinary team. Hence, it is proposed that a mid-sized mixed Intensive Care Unit (ICU) can also successfully establish an ECMO center, which can then be completely developed by intensivists. A retrospective examination of the first 33 patients in center's first six months of operation, from middle of 2018 to the end of 2020, was conducted in a study. Results were based exclusively on resources of an existing mixed ICU, which showed that an ECMO facility was constructed and developed and 33 patients received treatment successfully. Major factor expected to limit market revenue growth is complications related to ECMO. Most common side effects related to ECMO were bleeding, blood clots (thromboembolism), coagulopathy, infections, heart failure, seizures, strokes (part of the brain is damaged by blood loss or by a blood vessel that bursts), and blood loss in hands, feet, or legs (limb ischemia). Coagulopathy and bleeding are the two most frequent adverse effects, occurring in up to 50% of ECMO patients. It is crucial to properly manage any flow loss and hypotension brought on either volume loss or substantial vasodilation after initiation of ECMO.
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The Global Extracorporeal Membrane Oxygenation Machine Report is a panoramic study of the overall Extracorporeal Membrane Oxygenation Machine market published by Emergen Research and covers a wide-ranging analysis of the technological advancements and product developments in the Extracorporeal Membrane Oxygenation Machine market. The report provides a detailed analysis of the key factors of the Extracorporeal Membrane Oxygenation Machine market that are expected to have a positive impact on the growth of the Extracorporeal Membrane Oxygenation Machine industry.
The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers insights into their market reach and global position, along with highlights about their achievements and financial standings.
Key Benefits of the Report:
Comprehensive analysis of the competitive scenario and its changing dynamics
Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
In-depth 8-year analysis of the Global Extracorporeal Membrane Oxygenation Machine Market
Critical understanding of the key market segments
Comprehensive analysis of the drivers, restraints, trends, and opportunities
Detailed regional analysis and extensive company profiling
Extensive assessment of current and emerging trends of the market
Key companies operating in the Extracorporeal Membrane Oxygenation Machine market include:
Fresenius Medical Care AG & Co. KGaA, Getinge AB, Medtronic, MicroPort Scientific Corporation, Terumo Cardiovascular Systems Corporation, Nipro, LivaNova PLC., Eurosets , OriGen Biomedical, and CytoSorbents
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
The report closely studies the growth trajectory of the global Extracorporeal Membrane Oxygenation Machine market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
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In addition, the analytical data are presented in a well-organized format in the form of charts, tables, graphs, figures, and diagrams in the report. This makes it easier for readers to comprehend the market scenario in a beneficial way. In addition, the report aims to provide a forward-looking perspective and an instructive conclusion to assist the reader in making profitable business decisions. The report concludes with a comprehensive SWOT and Porter's Five Forces analysis of the segments anticipated to dominate the market, regional bifurcation, estimated market size and share, and more.
On the basis of type, the market is segmented into
Product Outlook (Revenue, USD Million; 2019–2030)
ECMO Machines
Portable ECMO Machines
Static ECMO Machines
Software
Component Outlook (Revenue, USD Million; 2019–2030)
Pumps
Oxygenators
Controllers
Cannulas
Accessories
Patient Type Outlook (Revenue, USD Million; 2019–2030)
Neonates
Pediatric Patients
Adults
Key Questions Addressed in the Report:
Who are the leading players in the Extracorporeal Membrane Oxygenation Machine industry?
Which region is expected to dominate the market in the coming years?
What are the key applications of Extracorporeal Membrane Oxygenation Machine?
Which segment is expected to garner traction during the coming years?
What are the key strategies adopted by leading players in the market?
The report is an investigative study of the technological developments and product advancements, along with a regional analysis for each product and application offered in the market. The fundamental objective of the report is to give an insight into the workings of the Extracorporeal Membrane Oxygenation Machine industry. It provides an accurate and strategic outlook of the market with a thorough assessment of the segments and sub-segments of the market. It provides a panoramic view of the industry to offer a deeper understanding of the global industry.
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Extracorporeal Membrane Oxygenation Machine Market Size Worth USD 802.7 Million in 2030
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