The report analyzes factors affecting heart pump devices market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the heart pump devices market in these regions.
Heart pump devices refers to the class of medical devices that are used to support the heart function and blood flow among people with weak hearts. These class of medical aids majorly includes ventricular assist devices (VAD) that takes up blood from the lower ventricles of the heart and helps to pump it in the vital body organs. The mechanical circuitry support devices can be placed in either of the left, right or both ventricles of the heart.
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The heart pump devices market is anticipated to grow in the forecast period owing to key factors such as increasing prevalence of chronic diseases such as cardiovascular diseases, growing elderly population, and increasing number of patients suffering with heart disorders. Moreover, regulatory approvals for new and advanced heart pump devices and high potential growth from the emerging nations offer opportunities in the growth of the global heart pump devices market.
The key players operating in the heart pump devices market include, Abbott, ABIOMED, Medtronic, Getinge AB, SynCardia Systems, LLC, Teleflex Incorporated., TERUMO CORPORATION, ReliantHeart Inc., Berlin Heart, and CardiacAssist, Inc among others.
North America is expected to contribute to the largest share in the heart pump devices market in the forecast period, due to the growing incidence of chronic diseases such as cardiovascular diseases, other heart-related diseases in this region as well as high presence of geriatric population. However, Asia Pacific region is expected to be the fastest growing region owing to existence of a large patient pool likely to undergo various cardiac surgical procedures, rising health care expenditure, and increase in unmet medical needs.
The global heart pump devices market is segmented on the basis of product, type, and therapy. Based on product, the heart pump devices market is segmented as ventricular assist devices, intra-aortic balloon pumps, and total artificial heart. Based on type, the heart pump devices market is segmented as implantable heart pump devices and extracorporeal heart pump devices. Based on therapy, the heart pump devices market is segmented as bridge-to-candidacy (BTC), bridge-to-transplant (BTT), destination therapy (DT), and others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global heart pump devices market based on product, type, and therapy. It also provides market size and forecast till 2027 for overall market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Heart pump devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
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