Global Extracorporeal Membrane Oxygenation (ECMO) report from Global Insight Services is the single authoritative source of intelligence on Extracorporeal Membrane Oxygenation (ECMO) market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Extracorporeal Membrane Oxygenation (ECMO) is a life support technique that provides prolonged cardiac and respiratory support to patients whose hearts and lungs are unable to function adequately on their own. ECMO is typically used as a last resort for patients who are critically ill and have failed to respond to conventional medical treatment. ECMO is a complex procedure that requires the expertise of a multidisciplinary team of doctors, nurses, and other health care professionals. ECMO is associated with a number of risks, including bleeding, infection, and blood clots. However, when used as a last resort for patients with failing hearts and lungs, ECMO can be lifesaving.
Market Segments
The Extracorporeal Membrane Oxygenation (ECMO) Market is segmented by component, modality, patient type, and region. By component, the market is divided into pumps, oxygenator, controllers, cannula, and accessories. Based on modality, it is bifurcated into Veno-Arterial, Veno-Venous, and Arterio-Venous. On the basis of patient type, it is classified into neonates, pediatric, and adult. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Extracorporeal Membrane Oxygenation (ECMO) Market includes players such as Medtronic plc, Sorin Group, Terumo Cardiovascular Systems Corporation, MAQUET Holding B.V. & Co. KG, Medos Medizintechnik AG, Nipro Medical Corporation, Microport Scientific Corporation, Braile Biomedica, Edwards Lifesciences Corporation and Abiomed.
Key Drivers
There are several key drivers of the Extracorporeal Membrane Oxygenation (ECMO) market. First, the number of patients suffering from respiratory failure or cardiac failure has been increasing in recent years. This is due to the aging population and the increasing prevalence of chronic diseases such as obesity and diabetes. As a result, there is a growing demand for ECMO therapy.
Second, the development of new and improved ECMO devices has made the therapy more effective and safer. This has led to a increase in the number of hospitals and clinics offering ECMO therapy.
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Third, the rising cost of healthcare is another key driver of the ECMO market. The high cost of ECMO therapy is a major barrier to its widespread adoption. However, the cost of ECMO devices and the cost of ECMO therapy have been decreasing in recent years. This is expected to continue in the future, making ECMO more affordable.
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