Cardiac Assist Devices Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013 to 2016 and Forecast 2017 to 2024

Cardiac Assist Devices Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013 to 2016 and Forecast 2017 to 2024

The Global Cardiac Assist Devices Market is Expected to Witness a CAGR of XX% During the Forecast Period, Due to Rapid Advancements in the Assist Devices Technologies

“The Cardiac Assist Market is anticipated to reach about US $ XX Mn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025” due to rapid advancements in the assist devices technology.

Precision Business Insights (PBI) in its report titled “Cardiac Assist Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

The cardiac assist market size was accounted for US$ XX Mn in 2018 and anticipated to account for US$ XX Mn by 2025. The continuously rapid advancements in the assist devices technologies and the novel applications of the existing treatments have led to an increase in the cardiac assist devices. Engineers are also exploring many other innovative solutions which helps in the implant success and is driving the cardiac assist devices market. Hence, the market is dependent upon the large number of innovations for growth. Other factors responsible for the market growth are lack of donor's hearts for transplantation, aging population, and increasing heart diseases, these factors are leading to the increase in cardiac assist devices implantations in patients with severe heart complications. However, the high costs of the devices and the low per capita income in the developing and underdeveloped countries is likely to impede the market of cardiac assist devices in low-income countries.

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Cardiac assist devices market segmented on the basis of type of product, flow rate and end user

Ventricular Assist Devices Segment Expected to Dominate the Market

In terms of product type, the global cardiac assist devices market can be segmented into ventricular assist devices, intra-aortic balloon pumps (IABPs), and total artificial heart. The ventricular assist devices segment is likely to hold a major share of the cardiac assist devices market due to high acceptability of the product among patients. Moreover, the device does not restrict the movement of patients who have it implanted in their heart.

North America, Accounts for Major Revenue Share for Cardiac Assist Devices Market

Precision Business Insights (PBI) cardiac assist devices market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, North America is the leading market because of the high rate of heart failure cases that are being diagnosed every year. Europe holds the second largest market is owing to the increasing geriatric population. The APAC regions have a large number of underserved patients suffering from cardiac diseases, hence, they represent an attractive future market for cardiac assist devices.

New Product Launch Play Vital Role in Cardiac Assist Market

Key players adopt to various strategy to establish presence in the global market in terms of consumer recognition. For instance, August 2017: Abbott introduced HeartMate 3 Left Ventricular Assist System, the latest milestone in therapy for advanced heart failure patients.

Key players included in this report are Abiomed Inc., Berlin Health Gmbh, Bioheart Inc., Bivacor Pty Ltd, Braile Biomedica Ltd, Calon Cardio-Technology Ltd, Cardiac Assist Inc., Cardiobridge GmbH, Circulite Inc., and Cardiokinetix Inc., among others.

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https://www.precisionbusinessinsights.com/market-reports/cardiac-assist-devices-market/#ulp-4H8Z4LpNMLEuOnnx

Detailed Segmentation

By Product Type

o Ventricular Assist Devices (VDS)
 External Ventricular Assist Devices
 Left Ventricular Assist Devices (LVDS)
 Biventricular Assist Devices
 Right Ventricular Assist Devices
o Intra-Aortic Balloon Pumps
o Total Artificial Heart

By Flow Rate Type

o Continuous Flow
o Pulsatile

By End-User Type

o Hospitals
o Ambulatory Surgical Centres
o Others

Geography

o North America
 U.S.
 Canada
o Europe
 Germany
 UK
 France
 Russia
 Spain
 Italy
 Rest of Europe
o Asia-Pacific
 China
 Japan
 India
 ASEAN
 Rest of Asia Pacific
o Latin America
 Brazil
 Mexico
 Argentina
 Chile
 Rest of Latin America
o Middle East and Africa
 South Africa
 Saudi Arabia
 Rest of MEA

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https://www.precisionbusinessinsights.com/market-reports/cardiac-assist-devices-market/

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This release was published on openPR.