Global Extracorporeal Membrane Oxygenation System Market to Surpass US$ 476.8 Million by 2030, Says Coherent Market Insights (CMI)
Seattle, July 12, 2022 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global extracorporeal membrane oxygenation system market is estimated to be valued at US$ 316.5 million in 2022 and is expected to exhibit a CAGR of 5.3% during the forecast period (2022-2030).
Key Trends and Analysis of the Global Extracorporeal Membrane Oxygenation System Market:
Research institutes and hospitals are taking initiatives to provide extracorporeal membrane oxygenation (ECMO) services, which is expected to drive market growth over the forecast period. For instance, in May 2022, Yashoda Hospitals, one of the most well-known hospitals groups in Hyderabad, India, and Calcutta Medical Research Institute (CMRI), a multispecialty hospital in Kolkata, India, entered into a collaboration to work together in providing heart and lung transplantation services, ECMO, and thoracic surgeries services.
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Key Market Takeaways:
Global extracorporeal membrane oxygenation system market is expected to exhibit a CAGR of 5.3% during the forecast period due to increasing establishments of ECMO facilities in hospitals. For instance, in August 2021, Chief Minister of Odisha, India, Naveen Patnaik, inaugurated nine extracorporeal membrane oxygenation (ECMO) machines, which support the lungs or heart of critically ill patients and allow the organs to recover, in the government-run SCB Medical College Hospital, Cuttack, Odisha, India
Among modalities, the Venovenous segment is expected to dominate the segment growth over the forecast period, owing to increased product launches. For instance, in October 2022, Getinge AB, launched the Rotaflow II extracorporeal life support system. Getinge’s Rotaflow II Extracorporeal Life Support (ECLS) System, together with the Permanent Life Support (PLS) Set, offers up to 14 days of cardiopulmonary support in a compact, portable, safe and reliable manner. It can be used for both veno-arterial (VA) and veno-venous (VV) extracorporeal membrane oxygenation (ECMO).
On the basis of application, the Respiratory segment is expected to dominate the segment growth over the forecast period, owing to increasing prevalence of respiratory disorders. For instance, according to the data provided by the World Health Organization, in May 2022, chronic obstructive pulmonary disease (COPD) was the third leading cause of death worldwide, causing 3.23 million deaths in 2019.
Competitive Landscape:
Key players operating in the global extracorporeal membrane oxygenation system market include Medtronic, Getinge AB, LivaNova PLC, Terumo Corporation, XENIOS AG, OriGen Biomedical, EUROSETS NIPRO, and MicroPort Scientific Corporation
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Market Segmentation:
Global Extracorporeal Membrane Oxygenation System Market, By Modality:
Arteriovenous
Venoarteial
Venovenous
Global Extracorporeal Membrane Oxygenation System Market, By Application:
Extracorporeal cardiopulmonary resuscitation
Cardiac
Respiratory
Global Extracorporeal Membrane Oxygenation System Market, By Age Group:
Neonatal
Pediatric
Adults
Global Extracorporeal Membrane Oxygenation System Market, By Region:
North America
By Country
U.S.
Canada
Latin America
By Country
Brazil
Mexico
Argentina
Rest of Latin America
Europe
By Country
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Country
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
By Country
GCC
Israel
Rest of Middle East
Africa
By Region/Country
South Africa
Central Africa
North Africa
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About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
CONTACT: Mr. Shah Senior Client Partner – Business Development Coherent Market Insights Phone: US: +1-206-701-6702 UK: +44-020-8133-4027 Japan: +81-050-5539-1737 India: +91-848-285-0837 Email: sales@coherentmarketinsights.com Website: https://www.coherentmarketinsights.com