Published on : Feb 16, 2018
Albany, New York, February 16, 2018: Advancements has changed the structure and organization of the entire medical field. At present, technology is at the heart of critical care. A new research focusing on such type of advancement, such as extracorporeal membrane oxygenation (ECMO) machines has been broadcasted to the wide repository of Market Research Hub (MRH), which is titled as “Extracorporeal Membrane Oxygenation Machine Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 – 2025”. This latest report reveals that the global market for peristaltic pumps is expected to experience a healthy growth, registering CAGR of 5.4% during 2017-2025. Moreover, towards the end of 2025, the market is projected to gain US$487.40 mn, which is considerably up from US$307.00 mn in 2016.
The global demand for extracorporeal membrane oxygenation machine is growing, as it helps people with the life risking illness that stops their lungs or heart from working properly. The research clearly states that rising incidence of cardiovascular and respiratory diseases are driving the growth of the global extracorporeal membrane oxygenation machine market. Apart from that, increasing need for use of extracorporeal membrane oxygenation (ECMO) machines in newborns boosts the demand for the extracorporeal membrane oxygenation (ECMO) machine extensively.
Research Inclusions & Key Findings
To elaborate further on this rapidly growing market, the report offers in-depth information on the crucial aspects of the global extracorporeal membrane oxygenation machine market and provides data on the factors propelling growth of the global market, competition landscape, important segments and growth patterns. In terms of geography, the study offers a holistic outlook on the market’s growth in terms of revenue in US$ Million and in terms of volume in thousand units across different geographical regions. Regions highlighted in this study are Asia Pacific excluding Japan, Europe, Japan, North America, Middle East & Africa, and Latin America.
The growing investments by governments of developing countries to improve the healthcare infrastructure is projected to have a positive impact on the global ECMO market in the long run. As per the analysis, North America is anticipated to dominate during the forecast period from 2017 to 2025, due to higher acceptance of technology and medical devices.
Moreover, the research broadly categorizes the market on the basis of component type, application, and modality. Component type include pumps, oxygenators, heat exchangers, saturation monitors, and others. Based on modality, the market has been categorized into venoarterial, venovenous, and arteriovenous.
Moving further, the competitive scenario of Global extracorporeal membrane oxygenation machine market shows how the growth in the market is encouraging new businesses to enter the industry and how is it affecting the existing businesses in the market. Key companies included in the study are LivaNova PLC. XENIOS AG, Medtronic plc., Terumo Corporation, Getinge AB, EUROSETS, and Hemovent GmbH, and Nipro Corporation.
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