(Australia-NewsWire.Com, October 18, 2018 ) Overview: Extracorporeal membrane oxygenation gadget is a lifestyle helping machine supplying cardiac and breathing help to the sufferers stricken by an excessive respiration failure. ECMO circuit incorporates cannulas, pump, blender, and oxygenator, which oxygenates the blood and do away with carbon dioxide by using extracorporeal fuel alternate tool referred to as membrane oxygenator. The place of drainage and reinfusion port of cannulas determines the modality of the ECMO device.
Asia Pacific Extracorporeal membrane oxygenation Machine Market size was around USD 48.41 Million in 2018. It is expected to grow at a CAGR of 5.45% to reach USD 63.12 Million by 2023.
Drivers and Restraints: Rise in number of cases of cardiovascular and respiratory diseases, increase in number of ECMO in lung transplantation procedures centres, advancements in technology, increasing R&D activities. Restraints of the market are side effects associated with treatment of ECMO and high cost is hindering the growth of the market.
Geographic Segmentation The Asia Pacific Extracorporeal membrane oxygenation Machine Market has geographically segmented into China, India, Japan, South Korea, and Australia. The Asia-Pacific market is expected to grow at the highest CAGR and aid the revenue pocket for companies offering ECMO systems. Factors such as favorable reimbursement scenario in Japan, rising cardiovascular diseases in China, growing application and adoption of extracorporeal membrane oxygenation machine in India, and rising cardiopulmonary disorders in Australia are driving the growth of the market in this region
Major companies in the market are Getinge Group, Medtronic plc, LivaNova PLC, XENIOS AG, Terumo Corporation, MicroPort Scientific Corporation, NIPRO Corporation, OriGen Biomedical Inc., ALung Technologies Inc. and EUROSETS S.r.l.
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