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Extracorporeal Membrane Oxygenation Machine Market Analysis & Forecasts to 2021

Extracorporeal Membrane Oxygenation Machine Market: Forecasts until 2021

  • February 2017
  • 131 pages
  • ID: 5049482
In this report:
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Summary

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The extracorporeal membrane oxygenation machine market is poised to reach $305.30M by 2021 from $247.20M in 2016, at a compound annual growth rate (CAGR) of 4.30 percent. Elements such as increasing cardiovascular and respiratory diseases, growing adoption of ECMO as a bridge to lung transplantation, increasing number of ECMO centers, conferences and training programs to gain appreciation, and technological improvements have led to the rise of the market.

On the basis of modality, the sector is divided into venoarterial, venovenous, and arteriovenous. The venovenous segment is planned to account for the largest market share in 2016. The considerable share of this segment is essentially attributed to the high incidence of respiratory failure, increasing lung transplants, and technological improvements. The arteriovenous segment is expected to grow at the highest compound annual growth rate (CAGR) in the estimate period.

Established on application, the respiratory segment is intended to account for the biggest share of the market, in 2016. The significant share of this segment is essentially attributed to Elements such as growing incidence of respiratory failure, lung cancer, increasing lung transplants, and growing adoption of ECMO systems.

North America continent is forecasted to account for the biggest share of the overall market in 2016, succeeded by Europe (EU), Asia Pacific (APAC), and the Rest of the globe. The important share of the North American area can be accredited to the favorable reimbursement scenario, the increasing incidence of lung cancer, and the presence of a big number of ECMO centers in the U.S.A

The Asia-Pacific area is forecast to witness the more important increase rate in the outlook period, primarily due to the favorable reimbursement scenario in Japan (JP), the growing cardiovascular diseases in China (CN), the increasing application and adoption of ECMO in India (IN), and the increasing cardiopulmonary disorders in Australia (AU).

The market witnesses high competitive intensity, as there are different big and small companies with similar product offerings. These firms embrace different strategies (approvals, launches of new product, strategic agreements & alliances, business developments, rebranding, acquisitions, website launches, product deployments, and industry development) to rise their market shares and establish a stronger foothold in the overall market.

Segment Research

This report studies the ECMO machine market established on modality, application, and area. The industry report also studies factors (including drivers, market restraints, possibilities, and opportunities) affecting market increase. It examines alternatives and opportunities in the industry for partners and offers details of the competitive landscape for industry top players. Moreover, the study examines micromarkets with respect to their individual progress trends, prospects, and contributions to the overall industry. The analysis forecasts the revenue of the market segments with respect to four main regions.

Why Purchasing This Study Can Help You:

The market research will increase both established firms as well as new entrants/smaller companies to measure the pulse of the sector, which in turn will facilitate them, collect a larger market share. Companies obtaining the industry report could use any one or an aggregation of the below-mentioned five strategies to enhance their market shares.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on the product portfolios of the top actors in the ECMO machine market. The analysis examines the sector established on modality, application, and area.

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, Research&development activities, and launches of new product in the ECMO machine market

• Market Development: Highlighted information about profitable emerging sectors. The market research examines the industries for different Extracorporeal Membrane Oxygenation products across localities.

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the ECMO machine market

• opposing assessment: Detailed assessment of market shares, strategies, products, distribution networks, and manufacturing competences of the key players in the ECMO machine market

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