Asia Pacific Extracorporeal Membrane Oxygenation Machine Market Size, and Share


- 06 Dec 2017 01:03 PM IST
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Asia Pacific Extracorporeal Membrane Oxygenation Machine Market Size is anticipated to grow at a 5.45% CAGR from 2016 to 2021 and it is estimated that the Asia-Pacific market was valued at USD 44.5 million in 2016 and is expected to reach USD 58.02 million by 2021.The term extracorporeal membrane oxygenation (ECMO) was initially used to describe long-term extracorporeal support that focused on the function of oxygenation. Subsequently, in some patients, the emphasis shifted to carbon dioxide removal, and the term extracorporeal carbon dioxide removal was coined. Extracorporeal support was later used for postoperative support in patients following cardiac surgery. Other variations of its capabilities have been tested and used over the last few years, making it an important tool in the armamentarium of life and organ support measures for clinicians. With all of these uses for extracorporeal circuitry, a new term, extracorporeal life support (ECLS), has come into vogue to describe this technology.

 

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The growth of the market can be credited to the rise in the number of cases of cardiovascular and respiratory diseases, the increase in the adoption of ECMO as a bridge to lung transplantation, increasing number of ECMO centers, conferences and training programs to increase awareness, and technological advancements. In addition, the increase in the geriatric population in countries like India and China, and the number of people suffering from diseases in populous countries are factors that are projected to drive the growth of the market. Moreover, surge in the adoption of unhealthy lifestyle and the subsequent development of lifestyle ailments are projected to further expand the COPD incidence rate. Identified risk factors, such as the increase in the tobacco consumption trend in both, males and females, are further supporting the growth of the market. Be that as it may, complications associated with extracorporeal membranes oxygenation machines such as bleeding, infections, and technical failures along with high cost and lack of skilled professionals is a challenge to the market.

 

The Asia Pacific Extracorporeal Membrane Oxygenation Machine Market Segmentation by Modality and Application. On the basis of Modality, it is segmented into Veno-Arterial (VA), Veno-Venous (VV) and Arterio-Venous (AV). The veno-venous (VV) segment is expected to account for the largest share of this market segment. The arteriovenous (AV) segment is projected to grow at the highest CAGR in the coming years. On the basis of application, it is segmented into Respiratory, Cardiac and Extracorporeal Cardiopulmonary Resuscitation (ECPR). The respiratory segment accounts for the largest share of this market segment.

 

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On the basis of geography, the market is analyzed under various regions namely India, China, Japan, South America 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.

 

Asia Pacific Extracorporeal Membrane Oxygenation Machine Market Leaders 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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