SAN FRANCISCO, August 15, 2016 /PRNewswire/ --
The extracorporeal membrane oxygenation market is expected to reach USD 346.1 million by 2024, according to a new report by Grand View Research, Inc. The growing number of respiratory failure cases and conditions, such as cardiopulmonary disease and Chronic Obstructive Pulmonary Disease (COPD) is anticipated to boost the market growth. For instance, according to the U.S. National Center for Health statistics, in the year 2014, there were about 149,205 deaths due to chronic lower respiratory disorders in the U.S.
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Moreover, the increased adoption of ECMO machines in hospitals as a consequence ofthe medical community taking cognizance of the advantages related to the use of ECMO machines is anticipated to facilitate the emergence of this market during the forecast period.
Apart from the high applicability of these appliances in hospitals, technological advancements have played a pivotal role in further accelerating the usage of these devices. For instance, Medtronic's Century heart lung machine, which consists of an arterial pump, data management system and cardioplegia delivery system, is employed to provide cardiopulmonary functional support to patients.
Browse full research report with TOC on "Extracorporeal Membrane Oxygenation (ECMO) Market Analysis, By Modality (Veno-Arterial, Veno-Venous, Arterio-Venous), By Application (Respiratory, Cardiac, Extracorporeal Cardiopulmonary Resuscitation) And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/extracorporeal-membrane-oxygenation-ecmo-market
Further key findings from the study suggest:
Grand View Research has segmented the extracorporeal membrane oxygenation market on the basis of modality type, application, and region.
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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