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Global Heart Pump Devices Market 2023 : SWOT Analysis Of Key Driving Factors For Growing CAGR Value | Medtronic Inc., Abbott Laboratories, Abiomed Inc., Getinge AB, SynCardia Systems LLC, Teleflex Incorporated
Heart Pump Devices Market
Heart Pump Devices Market Size, Growth Rate, And Forecast
The global heart pump devices market is expected to grow from $2.72 billion in 2022 to $3.24 billion in 2023 at a compound annual growth rate (CAGR) of 18.9%.The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The heart pump devices market is expected to reach $6.19 billion in 2027 at a CAGR of 17.6%.
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Heart Pump Devices Market Drivers
The increasing prevalence of cardiovascular disorders is expected to propel the heart pump devices market going forward. Cardiovascular disorders refer to a term for the conditions affecting the heart or blood vessels. The rise in cardiovascular diseases would require advanced diagnostics and treatments such as heart pump devices that help pump blood from the lower left heart chamber that is used to help maintain blood flow during high-risk protected percutaneous coronary interventions, which would increase the demand for the market.
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Heart Pump Devices Market Segments
1) By Type: Implantable Heart Pump Devices, Extracorporeal Heart Pump Devices
2) By Therapy: Bridge-to-Transplant (BTT), Bridge-to-Candidacy (BTC), Destination Therapy (DT), Other Therapies
3) By End-user: Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Other End-users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Heart Pump Devices market.
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Heart Pump Devices Market Key Players
Major players in the heart pump devices market are Medtronic Inc., Abbott Laboratories, Abiomed Inc., Getinge AB, SynCardia Systems LLC, Teleflex Incorporated, Jarvik Heart Inc., CardiacAssist Inc., Fresenius Medical Care AG & Co. KGaA, Terumo Heart Inc., Berlin Heart, ReliantHeart Inc., Calon Cardio-Technology Ltd., St. Jude Medical Inc., and CorWave SA.
The Business Research Company's "Global Heart Pump Devices Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Heart Pump Devices Market Include:
1. Executive Summary
2. Heart Pump Devices Market Characteristics
3. Heart Pump Devices Market Trends And Strategies
4. Heart Pump Devices Market - Macro Economic Scenario
5. Heart Pump Devices Market Size And Growth
……
27. Heart Pump Devices Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Heart Pump Devices Market
29. Heart Pump Devices Market Future Outlook and Potential Analysis
30. Appendix
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