According to a new study by Report Ocean, by 2028, the market for extracorporeal membrane oxygenation (ECMO) machines is expected to reach US$297.5 million. The report Ocean released a new report on the market size, share, growth, industry trends, and forecasts of the extracorporeal membrane oxygenation (ECMO) machine market in 2028, covering various industry factors and growth trends that help predict the future of the market.
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Report "Extracorporeal Membrane Oxygenation Machine Market Report, by component (pump, oxygenator, controller, cannula, accessories); by method (venous-artery, vein-vein, arteriovenous); by patient type; by application; By region; "Global Opportunity Analysis and Industry Forecast to 2028" provides detailed insights into current market dynamics and provides analysis of future market growth.
The increasing elderly population and the increasing prevalence of coronary heart disease are promoting the adoption of Extracorporeal Membrane Oxygenation Machine (ECMO). Coronary heart disease is closely related to age and is one of the leading causes of death in the world. According to United Nations estimates, by 2050, the elderly population is expected to increase exponentially, reaching 426 million.
In addition, the evolving technological environment has promoted the rapid popularization of extracorporeal membrane oxygenation machines. Recent advances include innovations in pumps, heparin-coated cannulas, and oxygenators used in such systems for surgery. In addition, a portable extracorporeal membrane oxygenation machine has been developed to facilitate the transportation of critically ill patients.
In 2020, the adult market segment will occupy the majority share during the evaluation period and may maintain its dominant position. People with busy and sedentary lifestyles, coupled with drinking and smoking are key factors leading to growth. According to a report from the Extracorporeal Life Support Organization, in 2016, approximately 7,850 adults had heart problems.
For example, in February 2020, the FDA approved the cardiopulmonary support machine "Novalung" for the treatment of cardiopulmonary failure. This is the first extracorporeal membrane oxygenator manufactured by Fresenius Medical Care North America to provide life support for patients. This extracorporeal membrane oxygenator pumps and oxygenates the individual's blood, thereby reducing the pressure on the damaged airways and heart.
In addition, it provides an alternative solution to traditional mechanical ventilation, which usually causes lung damage due to high air pressure. Previously, in September 2017, CytoSorbents launched the ECMO kit in Austria. The kit consists of a blood purification box and a tubing connector kit, which can be easily integrated into the extracorporeal membrane oxygenation machines currently available on the market.
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The 2019 COVID-19 pandemic swept the world. It caused a pause throughout the world. The entire global economy has been affected. In addition, many people lost their lives. To date, approximately 252,297,094 COVID-19 cases and 5,091,465 deaths have been reported globally. The pandemic has spread to almost every country in the world. In most industries, the pandemic has caused some form of loss. Due to the pandemic, the market for extracorporeal membrane oxygenation (ECMO) machines has also experienced a slowdown. Statista estimates that the total revenue of the global extracorporeal membrane oxygenation (ECMO) machine market in 2019 is approximately US$3.94 trillion. In 2014, the market for extracorporeal membrane oxygenation (ECMO) machines generated $5.4 trillion in revenue, a record high.
The degree of competition among world-renowned companies is derived by analyzing several leading competitors operating globally. In addition, professional analysts examine all aspects of the Extracorporeal Membrane Oxygenation (ECMO) machine market, including market competition, market share, the latest developments in the industry, innovative product launches, partnerships, mergers and acquisitions of leading companies.
Companies in the extracorporeal membrane oxygenation machine market include MAQUET Holding BV, Medtronic plc, Nipro Medical Corporation, Sorin Group, Terumo Cardiovascular Systems, Medos Medizintechnik AG and Microport Scientific. Some of the major players operate in the relevant market. Major players in the market are focusing on product launches to stay competitive.
Extracorporeal Membrane Oxygenator, component outlook (revenue – million USD, 2016 – 2028)
Extracorporeal Membrane Oxygenator, model outlook (revenue-million dollars, 2016-2028)
Extracorporeal Membrane Oxygenation Machine, Patient Type Outlook (Income-Million USD, 2016-2028)
Extracorporeal membrane oxygenation machine, application prospects (revenue-million dollars, 2016-2028)
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Extracorporeal Membrane Oxygenator, Regional Outlook (Revenue – Million USD, 2016 – 2028)
What aspects of this report are related to regional analysis?
The report’s geographic regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report provides a comprehensive analysis of market trends, including usage and consumption information at the regional level. The market report includes the growth rate of each region in the next few years, including their countries. How to evaluate the major players in the market? The report provides a comprehensive analysis of the main competitors in the market. The report includes information about major suppliers in the market. The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured. The report introduces facts and data about market competitors, as well as the views of leading market participants. The market report includes detailed information about recent market developments, mergers and acquisitions of the major players mentioned above.
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