Key players of extracorporeal membrane oxygenation machine market were Getinge Group (Sweden), Medtronic plc (Ireland), and LivaNova PLC (U.K.). These companies together contributed ~68.8% of the global market in 2016. On basis of modality, market segmented into venoarterial (VA), venovenous (VV), and arteriovenous (AV).
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The extracorporeal membrane oxygenation machine market poised to reach USD 305.3 Million by 2021, at a CAGR of 4.3% during forecast period of 2016 to 2021. The venovenous (VV) segment is expected to account for largest share of market in 2016.
Large share of this segment is mainly attributed to high incidence of respiratory failure, rising lung transplants, & technological advancements.
Complete report on Extracorporeal Membrane Oxygenation Machine Market spread across 129 Pages, Profiling 11 Companies and Supported with 78 Tables and 31 Figures is now available at http://www.rnrmarketresearch.com/extracorporeal-membrane-oxygenation-ecmo-systems-market-by-modality-veno-arterial-va-veno-venous-vv-arterio-venous-av-by-application-respiratory-cardiac-ecpr-by-geography-global-forecast-to-2020-market-report.html .
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The arteriovenous (AV) segment is projected to grow at the highest CAGR in the forecast period. The growth of the market can be contributed to the growing cardiovascular and respiratory diseases, rising adoption of ECMO as a bridge to lung transplantation, growing number of extracorporeal membrane oxygenation machine centers, conferences & training programs to increase awareness, and technological advancements.
- Extracorporeal membrane oxygenation machine Systems and related devices manufacturing companies
- Suppliers and distributors of ECMO systems and components
- Hospitals, Extracorporeal membrane oxygenation machine centers, and medical colleges
- Teaching hospitals and academic medical centers (AMCs)
- Government bodies and regulatory authorities
- Business research and co
In addition, the rising geriatric population and the number of people suffering from diseases in populous countries such as India & China are factors that are expected to offer significant growth opportunities for extracorporeal membrane oxygenation machine systems. However, complications associated with extracorporeal membrane oxygenation machine such as bleeding, infections, and technical failures; along with high cost and lack of skilled professionals is a challenge to the market.
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Extracorporeal membrane oxygenation machine market North America expected to account for largest share in 2016, followed by Europe, Asia-Pacific, & Rest of the World (RoW). Large share of North American region can be attributed to favorable reimbursement scenario, rising incidence of lung cancer, & presence of a large number of ECMO centers in U.S.
Asia-Pacific region expected to witness highest growth rate in forecast period, mainly due to favorable reimbursement scenario in Japan, rising cardiovascular diseases in China, growing application and adoption of ECMO in India, & rising cardiopulmonary disorders in Australia.
Key players of extracorporeal membrane oxygenation machine market were Getinge Group (Sweden), Medtronic plc (Ireland), and LivaNova PLC (U.K.). These companies together contributed ~68.8% of the global market in 2015.
The other players of the market are XENIOS AG (Germany), Terumo Corporation (Japan), MicroPort Scientific Corporation (China), NIPRO Corporation (Japan), OriGen Biomedical, Inc. (U.S.), ALung Technologies, Inc. (Germany), and EUROSETS S.r.l. (Italy).
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The extracorporeal membrane oxygenation machine market expected to witness highest growth in Asia-Pacific region, with emphasis on China, Japan, India, & Rest of Asia-Pacific in forecast period. Factors such as favorable reimbursement scenario in Japan, rising cardiovascular diseases in China, growing application & adoption of extracorporeal membrane oxygenation machine in India, & rising cardiopulmonary disorders in Australia are driving growth of market in this region.
Global market is segmented on basis of modality, application, and region.
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