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Thursday, December 17 2020 - 12:00
Global Extracorporeal Membrane Oxygenation (ECMO) Devices Market will grow to US$ 812.09 Mn by 2028 at a CAGR of 13.02% over the forecast period - says Absolute Markets Insights
PUNE, India, Dec. 17, 2020 /PRNewswire/ AsiaNet/ --

    - The global extracorporeal membrane oxygenation (ECMO) devices market was 
estimated to be US$ 308.10 million in 2019.

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    - The need for respiratory care has grown in recent times owing to various 
contributing factors for lung disorders. Along with traditional disorders, 
cases related to newer disorders have observed to grow over the years. The 
severity of these disorders on the patient has been seen to be varying. Cases 
with higher severity have been notable for the deployment of market offerings 
in an attempt to help with oxygenation processes for patients. The use of the 
devices is observed to facilitate the reduction of stress on the lungs of the 
    - Demand for Extracorporeal Membrane Oxygenation (ECMO) Devices Market 
offerings has grown more recently owing to the application of devices provided 
from the market in cases of high severity due the (COVID-19). Medical 
facilities are advised to utilize Extracorporeal Membrane Oxygenation (ECMO) 
devices in assisting patients for vital lung operations for short duration in 
order to limit the potential for risks for the internal systems of the patient. 

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    - North America was observed to be the significant Extracorporeal Membrane 
Oxygenation (ECMO) Devices Market share holder in the market for the recent 
scenario. The revenue generated from the region of Asia Pacific is expected to 
grow at the fastest growth rate over the forecast period primarily due to the 
increasing investments towards manufacturing and development of market 
offerings from companies situated in the region. In addition to this, growing 
focus towards collaborative initiatives for product development, production and 
other processes are expected to have a propulsive effect towards the growth of 
the market. 
    - Some of the players operating in the Extracorporeal Membrane Oxygenation 
(ECMO) devices market are ALung Technologies, Inc., ORMED Medizintechnik GmbH & 
Co. KG, CytoSorbents Europe GmbH, EUROSETS, LivaNova PLC (CardiacAssist, Inc), 
MC3 Cardiopulmonary, Medtronic, NIPRO, and Terumo Cardiovascular Systems 
Corporation, among others. 

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    Source: Absolute Markets Insights