Growing cases of heart disease will foster the Global Mechanical Circulatory Support Devices Market

The research report " Global Mechanical Circulatory Support (MCS) Devices Market: By Indication (By Listed to Transplant, Bridge to Candidacy, Destination Therapy (DT), and Others), By Device (IABPs, Impella, VA-ECLS, and LVADs), and Geography, Global/Region/Country Forecast to 2027."

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on "Global Mechanical Circulatory Support (MCS) Devices Market: By Indication (By Listed to Transplant, Bridge to Candidacy, Destination Therapy (DT), and Others), By Device (IABPs, Impella, VA-ECLS, and LVADs), and Geography, Global/Region/Country Forecast to 2027".

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An overview on Global Mechanical Circulatory Support Devices Market

Global Mechanical Circulatory Support Devices Market will experience high CAGR during forecast years due to the increasing cases of heart diseases, shortage of heart donors and favorable reimbursement policies. All these factors will greatly contribute towards the market growth. Another major factor propelling the growth of the mechanical circulatory support devices market is advancements in technology. On the other hand, there are some factors, which can hamper the market growth such as product recalls as well as complications associated with mechanical circulatory support devices.

The Global Mechanical Circulatory Support Devices Market is categorized into different sectors by Indication, geography and by device. Based on device, the market is classified into IABPs, Impella, VA-ECLS and LVADs. Among all these devices, LVADs, Left ventricular assist devices got huge market share recording a CAGR of 11.3% due to the latest developments in the technology, which can be utilized in different indications like DT, BTT and BTR, among others. Impella witnessed the high growth rate during historic years due to the expansion of Impella in the in emerging countries of Asia Pacific and Europe region like Australia and Japan.

Impact of COVID-19 on Mechanical Circulatory Support Devices Market:

In addition, the report discusses the implications of COVID-19, including the industry's initial response and strategies for ensuring business continuity in the coming years.

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North America dominated the Global Mechanical Circulatory Support Devices Market:

North America recorded huge market revenue share in Global Mechanical Circulatory Support Devices Market witnessing considerable CAGR due to the growing count of heart transplants, introduction of new technologies and growing FDA approvals for the devices and indications.

Competitive Assessment:

Global Mechanical circulatory support devices market is surging due to the acquisitions and definitive agreements made by key players in the market to reinforce their place in the market. Key players are also giving more focus on launching of new products as well as collaboration strategies to survive in the competitive market. For example, Teijin Limited announced in February 2018 that it reached an agreement with M3i in Japan to obtain a controlling interest in Med Tech Heart, a industry, which develops and does the research on medical devices for developing ventricular assist devices in Japan. Abbott made an announced in January 2017 that it has completed the achievement of St. Jude Medical, Inc, setting up the organization as leader in the medical device sector. A few major key players mentioned in the report include Abiomed, Inc., Cardiac Assist, Inc., Cardio Bridge GmbH, Carmat SA, Evaheart USA, Inc., Teleflex Incorporated, Terumo Corporation, Getinge AB, Medtronic and Abbott Laboratories.

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