Market Definition: Global Extracorporeal Membrane Oxygenation Machine Market
Extracorporeal membrane oxygenation (ECMO), also called as extracorporeal life support (ECLS), is an extracorporeal method of supplying extended cardiac and respiratory support to persons whose heart and lungs are working in an inadequate manner to supply less amount of gas exchange or perfusion for healthy life. The technology for ECMO is mainly derived from cardiopulmonary bypass, which offers shorter-term support.
Market Analysis: Global Extracorporeal Membrane Oxygenation Machine Market
The Global Extracorporeal Membrane Oxygenation Machine Market accounted to USD 250.5 million in 2016 growing at a CAGR of 5.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Competitive Analysis: Global Extracorporeal Membrane Oxygenation Machine Market
The global extracorporeal membrane oxygenation machine market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of extracorporeal membrane oxygenation machine market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors: Global Extracorporeal Membrane Oxygenation Machine Market
Some of the major players operating in global extracorporeal membrane oxygenation machine market are Getinge Group, Medtronic, Livanova PLC, Terumo Corporation, Fresenius Medical Care AG & Co. KGaA, Microport Scientific Corporation, Nipro Corporation, ALung Technologies, Inc., OriGen Biomedical, EUROSETS, Sorin Group, MAQUET Holding B. V. & Co. KG, Siemens AG, Abbott, Danaher, and Quest Diagnostics Incorporated, Agilent Technologies among others.
Major market drivers and restraints: Global Extracorporeal Membrane Oxygenation Machine Market
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