Vendor strategies in the global extracorporeal membrane oxygenation machine market

The global extracorporeal membrane oxygenation machine market is expected to grow at a CAGR of 4.58% during the forecast period. Major vendors in the global extracorporeal membrane oxygenation machine market include ALung Technologies Inc., Eurosets Srl, Fresenius Medical Care AG & Co. KGaA, Getinge AB, LivaNova Plc, Medtronic Plc, MicroPort Scientific Corp., NIPRO Corp., OriGen Biomedical Inc., and Terumo Corp., among others.

Vendors are focusing on strategies such as new product launches to strengthen their position in the market. For instance, Eurosets Srl, in April 2018, the company received CE mark approval for its product LANDING ECMO, a monitor that is primarily used for CPB and extracorporeal membrane oxygenation monitoring. LivaNova Plc, in July 2019, the company launched Bi-Flow, an innovative arterial femoral cannula to prevent limb ischemia during cardiac surgery.

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Similarly, Medtronic Plc, in October 2019, the company launched the GI Genius intelligent endoscopy module in Spain. MicroPort Scientific Corp., in September 2019, the company launched New ENO, a new range of pacemakers in Japan. Hence, the increasing number of product launches by vendors is expected to boost the growth of the global extracorporeal membrane oxygenation machine market during the forecast period.