Insights Extracorporeal Membrane Oxygenation Machine Global Market to 2025 - Miniaturization of ECMO Machines Presents Opportunities - ResearchAndMarkets.com

The "Global Extracorporeal Membrane Oxygenation Machine Market (2020-2025) by Components, Modality, Application, Patient Type, End-User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Extracorporeal Membrane Oxygenation Machine Market is estimated to be USD 295.3 Mn in 2020 and is expected to reach USD 467.2 Mn by 2025, growing at a CAGR of 9.6%.

Key factors such as the rising number of acute respiratory distress syndrome (ARDS) and/or cardiac failure followed by increasing dependence on a life support machine in event of an organ failure has created a demand for Extracorporeal Membrane Oxygenation Machines (ECMO) thereby driving the market growth. Also, the growing requirement of ECMO machines during pre and post surgeries in hospitals is further facilitating the growth of the market

However, factors such as high cost and complexities such as bleeding, infections, etc are likely to restrain the market growth. Device failure and lack of skilled professionals are some key challenges to the market.

The Global Extracorporeal Membrane Oxygenation Machine Market is segmented further based on Components, Modality, Application, Patient Type, End-User, and Geography.

Recent Developments

1. Liva Nova PLC has stated that its cardiopulmonary products are now being permitted in the U.S. for Extracorporeal Membrane Oxygenation (ECMO) therapy by the USFDA for greater than six hours - 22nd April 2020

2. Terumo Cardiovascular (a subsidiary of Terumo Corp.) and CytoSorbents Corporation, have formed a collaboration to exclusively sell CytoSorb therapy along with Terumo ECMO machines in ten COVID-19 hotspot states in the U.S. - 24th August 2020

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Extracorporeal Membrane Oxygenation Machine Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
• The report also contains the competitive analysis using the Competitive Quadrant, the analyst's proprietary competitive positioning tool.

Market Dynamics

Drivers

• Rising number of acute respiratory and/or cardiac failure
• Higher need of a life support machine due to the poor functioning of body organs
• Growing requirement during critical pre and post surgeries in hospitals

Restraints

• High Cost
• Complex and high-risk therapy

Opportunities

• Miniaturization of ECMO machines
• Technological advancement in ECMO machines
• Reduced mortality rate

Challenges

• Device failure
• Lack skilled professionals

Companies Mentioned

• Abbott Laboratories
• ALung Technologies
• Braile Biomedical
• Edwards Lifesciences Corp
• Elsius Biomedical Inc.
• Eurosets Srl
• Getinge Group
• LivaNova PLC
• Medtronic Inc.
• MicroPort Scientific Corporation
• Nipro Corporation
• Origen Biomedical
• Spectrum Medical
• Terumo Corporation
• XENIOS AG (Fresenius Medical Care AG)
• Hemovent GmbH
• Fresenius Medical Care AG
• Siemens AG
• Agilent Technologies
• Medos Medizintechnik AG

For more information about this report visit https://www.researchandmarkets.com/r/z1gk4t

View source version on businesswire.com: https://www.businesswire.com/news/home/20210723005323/en/