Extracorporeal Membrane Oxygenation Market 2018-2024 Expected Developments to be observed worldwide
Category: #health  By Partha Ray  Date: 2019-08-12
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Extracorporeal Membrane Oxygenation Market 2018-2024 Expected Developments to be observed worldwide

Extracorporeal Membrane Oxygenation Market size valued over USD 275 million in 2017 and is estimated to witness more than 3.5% CAGR from 2018 to 2024. Increase in cases of cardiopulmonary diseases and respiratory failure in Asia Pacific region will propel the extracorporeal membrane oxygenation market over the forecast timeframe. Currently there are around 4.2 million people with heart failure in China and around 1 million people in Japan. High patient population, developing healthcare infrastructure and high prevalence of cardiopulmonary disorders will lead to industry growth.

Rising government initiatives and programs in Europe is expected to augment the extracorporeal membrane oxygenation market over the forthcoming years. The ECMO program that were initiated in several European countries such as Poland in order to improve the standard of treatment conducted, pertaining to instances of respiratory failure and COPD cases. With increasing government initiatives, the demand for ECMO systems is most likely to grow during the projection years.

Dearth of skilled professionals, attendants and technicians will be one of the major market growth restraining factors. Extracorporeal membrane oxygenation is a complicated technique associated with several risk factors and need skilled professionals to carry out the procedure. Aforementioned factors will be responsible for declining industry growth.

Extracorporeal Membrane Oxygenation Market size valued over USD 275 million in 2017 and is estimated to witness more than 3.5% CAGR from 2018 to 2024.

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Arteriovenous extracorporeal membrane oxygenation (ECMO) market is estimated to show considerable growth in the forecast timeframe at a robust CAGR of 2.3%. It has the capabilities to provide the life support while minimizing the risks related to oxygen toxicity and barotrauma. with increasing applications of arteriovenous ECMO, the demand should only increase in near future, resulting in market growth.

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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