The global market for extracorporeal membrane oxygenation machines is set for rapid growth, according to a market research report. The report links that outlook to consistent investment in research and development activities across the industry.
Extracorporeal membrane oxygenation, often shortened to ECMO, is a form of life support. The machine takes over part of the work of the heart and lungs. It adds oxygen to a patient’s blood outside the body and then returns it. Hospitals use it when a patient’s own organs cannot keep up.
Steady research spending tends to bring new device designs to market. As a result, the report sees R&D as the main force behind the expected boost in demand for these machines.
Market reports of this kind usually split the market by product, application and region. They also profile the leading makers. However, the figures, growth rate and company list from this report were not available for this note.
Readers interested in the numbers behind the forecast should consult the full report from its publisher.