Extracorporeal Membrane Oxygenation System Market to register growth rate of 4.0% by 2020 – Forecast
20/May/16 – Extracorporeal Membrane Oxygenation System Market also called as ECMO systems , expected to register a growth rate of 4.0% reaching a market value of $287.6 Million by 2020.
The statistics are given by “Extracorporeal Membrane Oxygenation Systems Market by Modality & Application – 2020”.
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The global extracorporeal membrane oxygenation system market growth is attributed to the rise in the number of patients suffering from respiratory failure and cardiopulmonary disease, and rising incidence in Chronic Obtrusive Pulmonary Diseases (COPD). Despite this, high cost of devices, risk of complication during ECMO treatment, and presence of conventional techniques are some of the hindering factors.
The ECMO system is a device which is a combination of one membrane oxygenator, cannula, oxygen blender, heat exchanger, post membrane pressure monitor, venous reservoir and centrifugal pump. ECMO transport is an effective method of transferring patients with severe ARDS. It has multiple causes, and the diagnosis should be investigated and treatment commenced during ECMO. Since ECMO is a complicated and high-risk therapy, adequate training in its performance and creation of a referring hospital network are essential.
In 2014, the global extracorporeal membrane oxygenation (ECMO) system market was dominated by North America. This market is segmented and forecast on the basis of modality, application, and geography. The modality comprises of Veno Artrial (VA), Veno Venous (VV), Artrio Venous (ECOO2 R). On the basis of application, the market is segmented into respiratory, cardiac, and Extra-Corporeal Cardiopulmonary Resuscitation (ECPR). The market is further segmented and forecast on the basis of major geographies such as North America, Europe, Asia-pacific and rest of the world (RoW).
The market in North America is growing due to improved patient safety and awareness among the doctors and patients for low flow aesthetic agents. The European market is growing due to the technological advancements and is dominated majorly by MAQUET Holding B.V. & CO. KG. (Germany). The Asian market is growing due to increasing adoption rate of ECMO machine in hospitals, the success rate of ECMO & government initiatives, and growing awareness towards ECMO.
MAQUET Holding B.V. & CO. KG. (Germany), SORIN Group (Italy), MEDTRONIC (Republic of Ireland), NIPRO Medical Corporation (U.S.), Terumo Medical Corporation (Japan), MicroPort Scientific Corporation (China), Medos Medizintechnik AG (Germany) are some of the key companies operating in this market.
Extracorporeal Membrane Oxygenation System Market report is a premium syndicated market research and is aimed at identifying emerging trends and opportunities in the global extracorporeal membrane oxygenation (ECMO) system market along with detailed classifications, in terms of revenue till 2020.
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Browse 78 market data tables with 91 figures spread through 138 pages and in-depth TOC on “Extracorporeal Membrane Oxygenation (ECMO) Systems Market Analysis and Forecast Report till 2020”
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