Percutaneous Mechanical Circulatory Support Devices Market Analysis and COVID-19 Impact By Abbott, Medtronic, Getinge AB, Teleflex Incorporated, Livanova Plc (Cardiacassist, Inc.), Abiomed, Eurosets,And Others

The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries including Life science Industry, and many more. Trade barriers are further restraining the demand- supply outlook. As government of different regions have already announced total lockdown and temporarily shutdown of industries, the overall production process being adversely affected; thus, hinder the overall Percutaneous Mechanical Circulatory Support Devices market globally. This report on 'Percutaneous Mechanical Circulatory Support Devices market' provides the analysis on impact on Covid-19 on various business segments and country markets. The report also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

According to the latest study on "Percutaneous Mechanical Circulatory Support Devices Market Forecast to 2027 - Covid-19 Impact and Global Analysis by Product and End-User", the market was valued at US$ 1,474.28 million in 2019 and is projected to reach US$ 3,964.75 million by 2027; it is expected to grow at a CAGR of 13.5% during 2020-2027. The report provides trends prevailing in the global percutaneous mechanical circulatory support devices market and the factors driving market along with those that act as hindrances.

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The product segment of the percutaneous mechanical circulatory support devices market is segmented into intra-aortic balloon pumps, VA-extracorporeal membrane oxygenation, and short-term ventricular assist devices. The intra-aortic balloon pumps segment held the largest share of the percutaneous mechanical circulatory support devices market, by product segment, in 2019. The short-term ventricular assist devices segment is anticipated to grow at a CAGR of 14.0% during the forecast period. Additionally, the use of IABP is likely to be more prevalent in the coming years, and advancements in the technology of these pumps can prove useful to assess the effectiveness of acute interventions that are likely to increase the demand for these products.

The growth of the market is attributed to a few key driving factors such as rising geriatric population and increasing prevalence of cardiovascular diseases; however, the impact of COVID-19 pandemic on medical device industry and high cost of products and procedures are expected to restrain the growth of the market during the forecast period.

Key Competitors In Market are

Abbott, Medtronic, Getinge AB, Teleflex Incorporated, Livanova Plc (Cardiacassist, Inc.), Abiomed, Eurosets, Berlin Heart, Jarvik Heart, Inc., and CardioBridge GmbH and Company are among the leading companies operating in the percutaneous mechanical circulatory support devices market. The companies are focused toward the adoption of organic strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in June 2016, Medetronic launched a product--Beacon, a care management service for high-risk heart failure patients. This service combines data from Medtronic implantable cardioverter defibrillator (ICD) or cardiac resynchronization therapy (CRT) devices with post-acute monitoring from MCMS.

TOC of Market Report Contains:

o Industry Overview
o Production Market Analysis
o Sales Market Analysis
o Consumption Market Analysis
o Production, Sales and Consumption Market Comparison Analysis
o Major Manufacturers Production and Sales Market Comparison Analysis
o Major Type of Analysis
o Major Organization Size Analysis
o Industry Chain Analysis
o Global and Regional Market Forecast
o Major Manufacturers Analysis
o New Project Investment Feasibility Analysis
o And More...

The report segments global percutaneous mechanical circulatory support devices market as follows:

By Product

o Intra-Aortic Balloon Pumps
o VA-Extracorporeal Membrane Oxygenation (ECMO)
o Oxygenators
o Short-Term Ventricular Assist Devices (VADs)
o Impella
o Tandem Heart

By End-User

o Hospitals
o Ambulatory Surgical Centers
o Others

By Geography

o North America
o Europe
o Asia Pacific (APAC)
o Middle East & Africa (MEA)
o South & Central America (SCAM)

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o Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
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