Press release
Asia-Pacific Cardiac Assist Device Market shows potential for growth due to increase in cardio vascular diseases in Asian nations.
Asia-Pacific Cardiac Assist Devices Market research report, published by Market Data Forecast delineates that the market is growing with a CAGR of 7.91% to reach USD 386.9 million by 2021, from USD 264 million in 2016.Cardiac assist devices are designed to assist or replace the natural heart. These devices can be used as short‐term therapy, bridge to transplantation, and as permanent cardiac support. Cardiac Assist devices have been developed to overcome the scantiness of donor and meet the demands of organs. These devices are used for the patients are less likely able to recover solely on medicines.
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Asian countries and regions such as Japan, Korea, and China have greater mortality and morbidity from stroke than from coronary heart disease. The scarcity of donor organs due to less awareness about organ donation campaign and cultural beliefs has furthered steered to the development of these devices. With new novel technologies being implemented, advanced products will be introduces which will create a huge demand for cardiac assist devices in the near future.
The report also presents detailed analysis of multitude of factors affecting the cardiac assist devices market bearing either positive or negative outcomes. Some of those factors are
• Rising number of people with cardiovascular diseases.
• Recent technological development in healthcare sector.
• Increasing investment from companies and government for development of better products.
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For detailed understanding cardiac assist devices are differentiated on basis of type. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
The Asia-Pacific cardiac assist devices market is segmented on the basis of type into Ventricular Assist Devices (VAD), Intra-Aortic Balloon Pumps (IABP) & Total Artificial Heart (TAH). Further the Ventricular Assist Devices is divided into Right Ventricular Assist Device (RVAD), Left Ventricular Assist Device (LVAD), Bi-Ventricular Assist Device (Bi-VAD) & External Ventricular Assist Devices.
Geographically, the market for cardiac assist devices is segmented into China, India and Japan and South Korea. Asia-Pacific is responsible for 8% of whole global cardiac assist market.
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Thoratec Corporation, Teleflex Incorporated, MAQUET GmbH & Co, Berlin Heart GmbH, Abiomed, Inc., HeartWare International, SynCardia Systems, Inc. are the leading market players in the Asia-pacific Cardiac Assist Devices market. Other prominent players in the market include Jarvik Heart, Inc. and Terumo Corporation. BiVacor Pty Ltd, Braile Biomedica Ltd., Calon Cardio-Technology Ltd., CardiacAssist, Inc., CardioBridge GmbH, Carmat SAS, Cleveland Heart, Inc., Evaheart Medical USA, Inc., Windmill Cardiovascular Systems, Inc. Thoratec Corporation and Berlin Heart leads in the VAD segment whereas Teleflex and MAQUET occupy lead position in the Intra-Aortic Balloon Pumps (IABP) segment.
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The Asia-Pacific Cardiac Assist Device Market report offers wide-range of scope:
• Regional and country-level analysis that provides an individual perspective of Asia-Pacific region and the aforementioned countries
• Know more about key areas of industry growth via detailed Segment-level analysis on basis of type along with market size forecasts and y-o-y estimations
• Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
• Strategic Analyses containing PESTLE and Porter’s Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics
• Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market.
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Market Data Forecast is a firm working in the areas of market research and business intelligence. We have rich experience in research across major industry segments like Healthcare, Agriculture, Food & Beverages etc. and we cater to the needs of both individual and corporate clients. Our research services contribute to key business areas like business process improvement, key decision making and developing appropriate corporate strategy. We are truly committed to our clients and other stakeholders for providing customized research services of the highest quality all the while being an organization that’s trusted for its integrity, respected for its accountability, and admired for its excellence, by both clients and competitors alike.
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