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Cardiac Assist Devices Market to Witness Widespread Expansion During 2013-2019
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Cardiac assist devices market is expected to be driven by global aging population and increase in cardiovascular diseases. A another factor responsible for market growth of this market is lack of donor hearts for transplantation leading to increase in cardiac assist devices implantations in patients with severe heart complications. In future technological advancements and more efficient and minimally invasive devices are expected to drive the market.
North America is the leading markets for Cardiac Assist Devices (CAD) because of highest heart failure cases diagnosed, technological development, high patient awareness and reimbursement coverage for CAD implantation procedures. Europe is the second largest market following North Amercia with second largest highest prevalence for cardiac diseases and increase in population exceeding 60 - 65 years of age group. Asia Pacific and Rest of the World are the regions including China, India, Brazil, Russia and South Africa has significantly large number of underserved patients suffering with cardiac diseases hence represented as future attractive markets for CAD.
Some of the key players of Cardiac Assist Devices (CAD) market are Berlin Herat GmbH, ABIOMED, Inc., MAQUET GmbH & Co. KG, Thoratec Corporation, Teleflex Incorporated, HeartWare International, Inc. and SynCardia Systems, Inc.
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