Press release
Global Circulatory Support Devices Market to grow at a CAGR of 11.10% during the period 2017-2021
The main objective of this report is to define, describe, and forecast the global “Circulatory Support Devices” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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About Circulatory Support Devices
Circulatory support devices are used for the treatment of patients with congestive heart failure. These devices are commonly used for the treatment of severe heart failure, and the supporting devices act as a bridge to heart transplant. The three popular circulatory support devices are ventricular assisted devices (VADs), total artificial heart (TAH), and extracorporeal membrane oxygenation (ECMO) machine. Left ventricle assisted devices (LVADs) are the most common circulatory support devices. They are used for giving support to the right ventricles and help the patients to restore the circulation to the tissues and thereby improving the organ function.
Technavios analysts forecast the global circulatory support devices market to grow at a CAGR of 11.10% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global circulatory support devices market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Circulatory Support Devices Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Medtronic
St. Jude Medical
ABIOMED
ReliantHeart
Berlin Heart
Other prominent vendors
CardiacAssist
CorWave
Evaheart
Jarvik Heart
Leviticus Cardio
Sunshine Heart
Ventracor
Market driver
Rapid increase in congestive heart failure
For a full, detailed list, view our report
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Market challenge
Availability of potential alternatives
For a full, detailed list, view our report
Market trend
High growth potential of TAH as destination therapy
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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