According to the new market research report ECMO Machine Market is expected to reach USD 305.3 Million by 2021 from USD 247.2 Million in 2016, at a CAGR of 4.3%. A number of key players are competing against each other to expand their existing customer base. Getinge Group (Sweden), Medtronic plc (Ireland), and LivaNova PLC (U.K.) are the top three players of the extracorporeal membrane oxygenation (ECMO) machine market. These players jointly accounted for a share of 65% to 70% of the total ECMO machine market in 2015.
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Getinge
Group is the largest player in the global market. The company offers
its ECMO products under its Maquet brand. The firm develops and
commercializes ECMO products and is one of the leading manufacturers of
heart-lung machines, oxygenators, pumps, catheters, cannulae, and other
accessories. The company’s business segments include Medical Systems,
Extended Care, and Infection Control. The Medical Systems segment offers
a wide range of ECMO devices. The company also develops innovative
products such as CARDIOHELP system which is a portable heart-lung
support system in the market. Moreover, in September 2015, the company
partnered with iMDsoft GmbH (Germany) to offer clinical information
systems to reduce the documentation process time of heart-lung machines,
blood/gas monitors, and heater-cooler units. The firm also remains
committed to investing ~4.2% of its revenue in R&D activities; in
2015, the company invested USD 150 million on R&D. The company has
succeeded in creating a strong foothold owing to its long-term presence
in the market, a wide geographic presence, strong sales force, and
innovative product offerings.
The growth of the market can be
contributed to the growing cardiovascular and respiratory diseases,
rising adoption of ECMO as a bridge to lung transplantation, growing
number of ECMO centers, conferences & training programs to increase
awareness, and technological advancements. In addition, the rising
geriatric population and the number of people suffering from diseases in
populous countries such as India & China are factors that are
expected to offer significant growth opportunities for ECMO systems.
However, complications associated with extracorporeal membrane
oxygenation machine such as bleeding, infections, and technical
failures; along with high cost and lack of skilled professionals is a
challenge to the market.
Increasing prevalence of cardiovascular and respiratory diseases
Cardiovascular
diseases are one of the leading causes of death globally, accounting
for about 9.4 million deaths every year. According to the World Health
Organization (WHO), in 2012, 17.5 million CVD-related deaths (31%) were
reported across the globe; this number is expected to grow to more than
23.6 million by 2030.
Hypertension is a major factor contributing
to the rising prevalence of cardiovascular diseases and strokes, which
are the leading causes of morbidity and mortality globally. In 2013,
globally, it was estimated that about 1 billion people suffered from
hypertension—a global prevalence of 40%. During the same year, the
prevalence of hypertension among adults in Africa was 46% (highest
worldwide); while in the Americas, the figure was 35% (the lowest)
[Source: World Health Organization (WHO)].
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Similarly,
according to WHO, chronic obstructive pulmonary disease (COPD) caused
about 3 million deaths (5%) of the total deaths in 2015. Tobacco smoking
is considered a major factor contributing to the rising prevalence of
COPD, along with air pollution and asthma. COPD is expected to increase
in the coming years due to increasing tobacco consumption.
ECMO
is used to treat patients with cardiac and respiratory diseases. ECMO
machine delivers oxygen and removes carbon dioxide in patients when the
heart and lungs fail to carry out the process of blood oxygenation. ECMO
is used in adults as well as newborns and children suffering from
respiratory and/or cardiac failure due to of birth defects, trauma, or
severe infection.
