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North America Cardiac Assist Devices Market Research Report 2021 Growth, Recent Trends and Forecast to 2025
MarketInsightsReports has recently published a North America Cardiac Assist Devices market research study with more than 100 industry informative desk and figures spread through pages and easy to understand detailed TOC on “North America Cardiac Assist Devices Market”.The report provides information and the advancing business series information in the sector to the exchange. The report provides a notion connected to the progress of this market movement of significant players in this industry. An examination of this North America Cardiac Assist Devices market relies upon aims, which are coordinated into market analysis, are incorporated into the reports.
The report also takes into account the impact of the novel COVID-19 pandemic on the North America Cardiac Assist Devices market and offers a clear assessment of the projected market fluctuations during the forecast period.
Market Overview
Continuous 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. 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. As per the report from the American Heart Association on heart disease and stroke, in 2017, over approximately 800,000 deaths were due to cardiovascular disease. However, the availability of alternative treatments, like pacemakers, and the risk associated with device implantation are likely to impede the market of cardiac assist devices.
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Scope of the Report
As per the scope of the report, the assist devices are defined as the type of mechanical pumps that work along with the heart to improve the pumping efficiency and maintain optimum blood flow throughout the body. Cardiac-assist devices are used to treat end-stage heart failure and are determined by the needs of the individual. They are of three types: ventricular assist devices, intra-aortic balloon pumps (IABPs), and total artificial heart.
Key Market Trends
Total Artificial Hearts dominates the North American Cardiac Assist Devices market
Heart transplantation is the most effective treatment for end-stage heart failures. Unfortunately, the supply of donor's hearts does not meet the increasing demand. Many patients die while they are placed on the waiting list. There has been an increase in the demand for donor's hearts, but the number of donor organs has been less. This has resulted in an exponential rise in the demand for artificial heart in the market. The total artificial heart is considered to be one of the best long term solutions for patients suffering from advanced heart failure issues The various extracorporeal and ventricular assist devices can only be considered as temporary solutions. Some of the companies offering cardiac assist devices are Abbott Laboratories and Syncardia.
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Competitive Landscape
North American Cardiac Assist Devices market is a highly fragmented market with the presence of many prominent players. Players are focusing on the major collaborations, mergers and acquisitions in order to enhance their market share. Market players are also focusing on R&D to improve product quality and minimize manufacturing costs, developing safer devices to improve patient compliance and safety. Some of the top market players are Abiomed Inc., Abbott Laboratories, Medtronic, Syncardia, Berlin Heart Gmbh, among others.
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Key Points of the North America Cardiac Assist Devices market report
- Comprehensive evaluation of all opportunities and risks in the market.
- North America Cardiac Assist Devices market ongoing developments and significant occasions.
- Detailed study of business techniques for development of the market-driving players.
- Conclusive study about the improvement plot of market for approaching years.
- Top to bottom appreciation of market-express drivers, targets and major littler scale markets.
- Favorable impression inside imperative mechanical and publicize latest examples striking the market.
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Irfan Tamboli
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Market Insights Reports
Email: sales@marketinsightsreports.com
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and Chinese and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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