Extracorporeal Membrane Oxygenation Machine Market to amass substantial proceeds due to increasing cases of heart and lung diseases


Market Overview:

Extracorporeal Membrane Oxygenation Machine (ECMO) Market is anticipated to record a CAGR of 4.8% over 2019-2025 and amass an estimated revenue of USD 267.60 million by 2025.
Extracorporeal membrane oxygenation machine market has been registering increasing revenue as a result of several factors that include increasing use of ECMO machine for open heart surgeries or procedures that involve life threatening cardiovascular and respiratory diseases. Expanding geriatric population, rising prevalence of lung diseases, improvement in ECMO technology are expected to be other driving forces for the ECMO machine market over 2019-2025. Increasing number of hospitals and other medical facilities have been reported to have ECMO machines. For instance, in a 2017 report published by the World Health Organization, around 306 hospitals in the U.S. used ECMO machines for the treatment of lung and heart diseases. Additionally, there were 9385 instances of ECMO administration in U.S. hospitals in 2017.
ECMO machines are also known as life support machines. They are designed to oxygenate blood outside the patient’s body and allows the heart and lungs to rest. The ECMO machine works by taking the blood out of the body, into an artificial lung where it adds oxygen and removes carbon dioxide. The blood is then armed to body temperature and pumped back into the body.

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Key Players:
·         Medtronic
·         Siemens
·         Abbott
·         Getinge Group
·         Agilent technologies
·         Livanova PLC
·         Terumo Corporation
·         Nipro Corporation
·         Fresenius Medical Care AG & Co
·         ALung technologies

Segmentation:
·         ECMO machine market divides the market on the basis of component, modality, application and region.
·         ECMO machine consists of different components such as pumps, controllers, oxygenators, cannula and accessories. ECMO machine market has registered revenue growth on as each component segment has showed growth prospects as ECMO machines have come to be more widely used. Oxygenators segment is expected to record considerable CAGR over 2019-2025 and hold a major ECMO machine market share due to increased application ECMO machines in treatment of heart and lung diseases.
·         On the basis of modality, ECMO machine market is further segmented as veno-arterial, arteries-venous and veno-venous.
·         On the basis of region ECMO machine market is subdivided into Americas, Europe, Asia Pacific and MEA.

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