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2019 Percutaneous Mechanical Circulatory Support Devices Market Upcoming Opportunities with Future Scope led by Teleflex Incorporated, LivaNova, ABIOMED, EUROSETS, Berlin Heart, Jarvik Heart

05-14-2019 02:06 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

The Insight Partners

The Insight Partners

Patients with advanced heart failure have a poor prognosis and heart transplant is still the best treatment option. However, the scarcity of donors, long waiting times, and an increasing number of unstable patients have favored the development of mechanical circulatory support. Moreover, according to the Heart Failure Society of America, nearly 5.7 million Americans are suffering from heart failure. The data also suggests that almost 1.4 million persons with CHF are under 60 years of age. Thus, the solution to this shortage of heart donors served by the temporarily used percutaneous mechanical circulatory support devices that are also helpful in long-term support for patients suffering with heart failures are likely to be adopted at higher rates in the coming years.

Business diversity is one of the major concerns hovering around the globalization of any organization. Geographies around the globe are characterized by high regional diversities with respect to various facts such as demands of the customer, disposable incomes of the consumer, Governmental legislations in the region, the percentage of the youth population, percentage of literacy in the region, and some cultural deviations. Altogether, these factors require a deep and focused study before for tapping the new market. Hence, hiring personnel for performing the market has become a necessity for small and large organizations.

Percutaneous Mechanical Circulatory Support Devices Market to 2025 - Global Analysis and Forecasts by Product (Intra-Aortic Balloon Pumps, VA-Extracorporeal Membrane Oxygenators (ECMO), and Short-Term Ventricular Assist Devices), End User (Hospitals, Ambulatory Surgical Centers, and Others), and Geography

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Strategic Insights

Product approval and acquisition were observed as the most adopted strategy in global percutaneous mechanical circulatory support devices industry. Few of the recent product approvals and acquisitions are listed below:

2018: Abbott received approval for the HeartMate 3 Left Ventricular Assist Device (LVAD) as a destination therapy for people living with advanced heart failure. With the approval, physicians can now offer the HeartMate 3 system to patients not eligible for a transplant who will live with their device for the rest of their lives.

2018: Teleflex Incorporated received FDA 510 (k) clearance for its Arrow AC3 Optimus intra-aortic balloon pump. The device is designed to help weakened hearts pump blood and can deliver IABP therapy to a broad range of patients, including candidates who had previously not been considered for IABP therapy.

2018: Medtronic completed acquisition of HeartWare International, Inc., a leading innovator of less-invasive, miniaturized, mechanical circulatory support technologies (MCS) for treating patients with advanced heart failure.

The report also includes the profiles of key Percutaneous Mechanical Circulatory Support Devices market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

Company Profiles
• Abbott
• Medtronic
• Getinge AB
• Teleflex Incorporated
• LivaNova PLC
• ABIOMED
• EUROSETS
• Berlin Heart
• Jarvik Heart, Inc.
• CardioBridge GmbH

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Product Insights- The global percutaneous mechanical circulatory support devices market by product was led by intra-aortic balloon pumps segment. Rest of the products considered in the percutaneous mechanical circulatory support devices market include VA-extracorporeal membrane oxygenation and short-term ventricular assist devices. In 2017, the intra-aortic balloon pumps segment held a largest market share of 42.0% of the percutaneous mechanical circulatory support devices market, by product. This segment is also expected to dominate the market in 2025, by product as these systems are associated with better outcomes, rare complication rates and low mortality rates.

End User Insights - The percutaneous mechanical circulatory support devices market by end user is segmented into hospitals, ambulatory surgical centers and others. Others sub-segment includes cardiac centers and specialized clinics among others. The listed companies are witnessing the need for technological advancements, operational changes, improvement of operational efficiency, and enhanced decision making. This has propelled the market for percutaneous mechanical circulatory support devices for the listed companies.

Key Benefits-

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Percutaneous Mechanical Circulatory Support Devices market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Percutaneous Mechanical Circulatory Support Devices market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution

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About Us - The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services.

Contact us –
Contact Person : Sameer Joshi
Phone : +1-646-491-9876
Email Id : sam@theinsightpartners.com
Website: https://www.theinsightpartners.com

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