Heart Pump Device Market - Global Strategic Business Report with top players like SynCardia Systems, LLC, ReliantHeart Inc., Terumo Europe, Berlin Heart GmbH, Abbott, Abiomed, Medtronic, Getinge, Teleflex Incorporated Forecast till 2025

The latest research report titled “Global Heart Pump Device Market” offers a thorough executive synopsis of Heart Pump Device industry over the globe. The Heart Pump Device report also provides the market basic introduction and description of the market. The report lamps on the macro and micro-economic facet affecting the growth of the Heart Pump Device market. The Heart Pump Device opportunity study is also explained in the research report. This report also gives the information on the key drivers, constraints and Heart Pump Device opportunity evaluation for the report readers/viewers to get a current Heart Pump Device scenario. The Heart Pump Device industry value and volume prognosis are also served in the report. The report also includes the absolute growth revenue value of the Heart Pump Device market across the globe over the forecast period 2018-2025.

The Global Heart Pump Device Market is expected to reach USD 6.22 billion by 2025, from USD 1.57 billion in 2017 growing at a CAGR of 18.8% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025

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Competitive Analysis

The global heart pump device market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of heart pump device market for global, Europe, North America, Asia Pacific and South America.

Global Heart Pump Device Market, By Product (Ventricular Assist Devices (VADs), Intra-aortic Balloon Pumps (IABPs), Total Artificial Heart (TAH)), By Type (Implantable Heart Pump Devices, Extracorporeal Heart Pump Devices), By Therapy (Bridge-to-transplant (BTT), Bridge-to-candidacy (BTC), Destination Therapy (DT), Other Therapies), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025

Key Developments in the Market:

• According to an article published by the WebMD LLC. New action advances can a ticker to work better, keep them out of the hospital, and improve the quality of life. There are recently launched High-tech implants such as HVAD Pump, HeartMate 3, Cardialen, Watchman, Parachute Implant and others can help doctors to check how the heart is doing in real time, so you can adjust medications to feel better quickly.

• According to an article published by ETHealthworld.com, Abbott (U.S.) has launched first smartphone compatible insertable cardiac monitor (ICM) to detect arrhythmias this will provide patients to access to the world’s first and only smartphone compatible ICM.

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Market Segmentation

The global heart pump device market is segmented based on product type, end user, application, distribution channel and geographical segments.
Based on product, the market is segmented into

• ventricular assist devices (VADs),
• intra-aortic balloon pumps (IABPs) and t
• otal artificial heart (TAH)

The ventricular assist devices (VADs) segment is further sub-segmented into left ventricular assist devices (LVADs), right ventricular assist devices (RVADs), Bi-ventricular assist devices (BiVADs) and percutaneous ventricular assist devices (pVADs).

On the basis of type, the market is classified into

• implantable heart pump devices and
• extracorporeal heart pump devices

On the basis of therapy, the market is segmented into

• bridge-to-transplant (BTT),
• bridge-to-candidacy (BTC),
• destination therapy (DT) and other therapies

Based on geography, the market report covers data points for 28 countries across multiple geographies namely

• North America & South America,
• Europe,
• Asia-Pacific and,
• Middle East & Africa

Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.

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Top Competitors of Market

• Abbott Laboratories,
• Abiomed,
• Medtronic,
• Getinge,
• Syncardia Systems,
• Teleflex,
• Reliantheart,
• Terumo Europe NV,
• Berlin Heart,
• Jarvik Heart,
• Cardiacassist,
• Thoratec Corporation,
• Jarvik Heart, Inc.,
• HeartWare International Inc.,
• Berlin Heart GmbH, and
• Getinge AB and Fresenius Medical Care and
• Syncardia Systems among others

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Reasons to Purchase this Report

• Current and future of global heart pump device market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares and strategies that are employed by the major market players

Customization of the Report

• The report includes the complete segmentation displayed above across all above mentioned countries
• All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

Major Market Drivers & Market Restraint

• Rising prevalence of cardiovascular diseases.
• Regulatory approval of several new and advanced heart pump devices.
• Huge gap between the demand and supply of donor hearts increased investment in healthcare infrastructure in growing economies.
• High cost of heart pumps devices as well as implantation procedures

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