Extracorporeal Membrane Oxygenation Machine Market to Reach US$ 600 Million and is projected to expand at a CAGR of 5.7% by 2028

Global extracorporeal membrane oxygenation machine market size to reach US$ 600 mn by 2028 and is projected to expand at a CAGR of 5.7% from 2021 to 2028.

Rise in prevalence and incidence of respiratory and cardiovascular diseases to escalate the growth of global extracorporeal membrane oxygenation machine market. Moreover, rising adoption of technological advanced products is fueling growth of the extracorporeal membrane oxygenation machine market.

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Overview

• Extracorporeal membrane oxygenation system is used for the patient suffering from heart failure and lung failure. Extracorporeal membrane oxygenation refers to one of the extracorporeal lung assist (ECLA) technologies, primarily adopted to partially or completely replace the cardiopulmonary function of patients to protect the oxygen supply of the organs and strive for time to treat primary diseases
• The world is currently experiencing the pandemic of an infectious disease called COVID-19. Government is taking initiatives to address these urgent public health concerns by helping to increase the availability of products and expanding the indication of extracorporeal membrane oxygen system. For instance, for the treatment of COVID-19, China Ministry of Health guidelines consider that extracorporeal membrane oxygenation (ECMO) can act as a salvage treatment measure. This in turn to creates significant opportunity in the extracorporeal membrane oxygenation machine market
• The extracorporeal membrane oxygenation machine market is currently a booming one, owing to current exceptional crisis scenario of the COVID-19 pandemic.
• North America dominate the global extracorporeal membrane oxygenation machine market in 2020 and the trend is anticipated to continue during the forecast period. The growth of market in the region is attributed due to well established healthcare infrastructure and presence of large number of extracorporeal life support organizations.
• Asia Pacific is likely to be a highly lucrative market for the extracorporeal membrane oxygenation machine market and it is expected to expand at a high CAGR during the forecast period. Vast patient pool, increasing healthcare expenditure and demand for newer advanced therapies are key factors likely to boost extracorporeal membrane oxygenation machine market in Asia Pacific.

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Competitive Landscape

• The global extracorporeal membrane oxygenation machine market is fragmented in terms of number of players. Key players in the global extracorporeal membrane oxygenation machine market include Terumo Corporation, Medtronic plc, Getinge AB, LivaNova PLC, Nipro Corporation, MicroPort Scientific Corporation, XENIOS AG, OriGen Biomedical, EUROSETS and Hemovent GmbH

Market Segmentation

By Component Type

• • Pumps
    • Roller Pumps
    • Centrifugal Pumps
  • Oxygenators
  • Heat Exchangers
  • Saturation Monitors
  • Others

By Application

• • Respiratory
  • Cardiology
  • Extracorporeal Cardiopulmonary Resuscitation

By Modality

• • Venoarterial
  • Venovenous
  • Arteriovenous

By Region

• • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

The report provides size (in terms of volume and value) of Extracorporeal Membrane Oxygenation Machine market for the base year 2019 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

In this study, the years considered to estimate the market size of Extracorporeal Membrane Oxygenation Machine are as follows:

• History Year: 2017-2020
• Base Year: 2020
• Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.

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