ECMO Market Reach $346.1 Million By 2024: Grand View Research, Inc.
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. 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 o...