Extracorporeal Membrane Oxygenation Machines Market to grow by USD 243.6 million from 2022 to 2027 | North America to account for 37% of market growth- Technavio
NEW YORK, Nov. 24, 2023 /PRNewswire/ --The extracorporeal membrane oxygenation machines market size is expected to grow by USD 243.6 million from 2022 to 2027. In addition, the momentum of the market will progress at a CAGR of 10.05% during the forecast period, according to Technavio Research. The market has been segmented by modality (veno-venous, arterio-venous, and veno-arterial), product (ECMO machines and software), and geography (North America, Europe, Asia, and the Rest of the World (ROW)). North America is estimated to account for 37% of the growth of the global market during the forecast period. The market in North America is driven by an increasing presence of suppliers that manufacture machines for the application of external membrane oxygenation, as well as advances in techniques and technology.
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Company Profile:
Abbott Laboratories, Abiomed Inc., Braile Biomedica, Chalice Medical Ltd., CytoSorbents Europe GmbH, Eurosets Srl, Fresenius Medical Care AG and Co. KGaA, Getinge AB, LivaNova Plc, MC3 Cardiopulmonary, Medtronic Plc, MicroPort Scientific Corp., Nipro Corp., OriGen Biomedical Inc., Palex Medical SA, Sechrist Industries Inc., Senko Medical Industry Co. Ltd., Spectrum Medical Ltd., Terumo Corp., and Xenios AG
Abbott Laboratories - The company offers extracorporeal membrane oxygenation machines that provide real-time hemodynamic performance data and combine the capabilities of a long-term, plasma-tight polymethylpentene (PMP) hollow fiber ECMO oxygenator.
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- The market share growth by the veno-venous segment will be significant during the forecast period. The most commonly used extracorporeal membrane oxygenation device is venovenous, which is primarily intended to support the lungs.
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"Besides analyzing the current market scenario, our report examines historic data from 2017 to 2021"- Technavio
Extracorporeal Membrane Oxygenation Machines Market: Market Dynamics
- Rising number of new product launches
- Increasing incidence of respiratory and heart failure
- The growing number of transplant procedures
Key Driver
The rising number of new product launches is a key factor driving the market growth. An important proportion of operating costs in a healthcare organization is spent on the purchase and maintenance of medical equipment. However, a shift in the cost and management of health equipment has been facilitated by an increasing number of technological innovations.
Major Trend
Technological advances are a key trend in the extracorporeal membrane oxygenation machines market.
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What are the key data covered in this extracorporeal membrane oxygenation machines market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the extracorporeal membrane oxygenation machines market between 2022 and 2027.
- Precise estimation of the extracorporeal membrane oxygenation machines market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the extracorporeal membrane oxygenation machines market across North America, Europe, Asia, and ROW
- A thorough analysis of the market's competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of extracorporeal membrane oxygenation machines market companies.
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Modality
Market Segmentation by Product
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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SOURCE Technavio
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