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Heart Pump Device Market by Product, Type, Therapy - Global Forecast to 2022

Heart Pump Device Market: Global Forecast until 2022

  • May 2018
  • 132 pages
  • ID: 5398036
In this report:
The percutaneous ventricular assist device segment is expected to grow at the highest CAGR of ##.##% from 2017 to 2022.
This segment is expected to reach USD ##.## million by 2022 from USD ##.## million in 2017, at a CAGR of ##.##% from 2017 to 2022.
The total artificial heart market is expected to reach ##.## million in 2022 from ##.## million in 2017 with a CAGR of ##.##%.

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The heart pump devices market is estimated to rise at a compound annual growth rate of 19.40 percent

The overall heart pump devices market is estimated to grow ~$4.0B by 2022 from an estimated ~$1.6B in 2017, at a compound annual growth rate (CAGR) of 19.4% during the forecast horizon. Growing prevalence of cardiovascular diseases, growing number of regulatory approvals, and a huge gap between the market demand and supply of donor hearts is driving the industry demand for heart pump devices. Nevertheless, preference for alternative drug delivery modes and poor reimbursement scenario in developing countries is anticipated to restrain the increase of this market during the estimate period.

By product, the ventricular assist devices market is anticipated to grow at the maximal compound annual growth rate (CAGR) during the outlook period (2017-2022)

Established on product, the sector is divided into ventricular assist devices, intra-aortic balloon pumps, and total artificial heart.The ventricular assist devices market is anticipated to increase at topmost cagr during the estimate period.

This can be connected to improved safety and efficacy of these devices as a result of technological advancements.

By therapy, destination therapy segment is anticipated to rise at the highest CAGR (Compound annual growth rate) during the outlook period

Established on therapy, the overall heart pump devices market is broken down into bridge-to-transplant, bridge-to-candidacy, destination therapy, and other therapies including bridge-to-recovery and rescue therapy. The destination therapy segment is anticipated to grow at the highest compound annual growth rate (CAGR) during the estimate period.

North America to witness the more considerable rise during the outlook period

North America (NA) is anticipated to witness the highest increase during 2017 to 2022. The more important increase rate of the North American market is assigned to increasing prevalence of cardiovascular diseases, favorable reimbursement scenario, and growing regulatory approvals in that area.

Break of primary members taking part was as mentioned below:

• By Company category - Tier 1 - 56.0 percent, Tier 2 - 35.0 percent and Tier 3 - 9.0 percent

• By Description - C-suite - 27.0 percent, D-level - 15.0 percent, Others - 58.0 percent

• By Area - North America continent - 38.0 percent, Europe (EU) - 23.0 percent, Asia Pacific (APAC) - 25.0 percent, Row - 15.0 percent

The top players in the overall heart pump devices market are St. Jude Medical, Abiomed, Medtronic, Getinge, Teleflex, ReliantHeart, BerlinHeart, Terumo, SynCardia Systems, TandemLife, Jarvik Heart, and Fresenius Medical Care.

Segment Research

The analysis examines the heart pump devices market and aims at estimating the market value and upcoming growth potential of this market established on several segments including product, category, therapy, and area. The market research also comprises competitive review of the top actors in this sector together with their company descriptions, product offerings, latest developments, and key industries strategies.

Reasons to Buy the Report

The industry report can help established companies as well as new entrants/smaller companies to measure the pulse of the sector, which in turn would benefit them collect a greater share. Companies obtaining the study could use one or any combination of the below mentioned five strategies.

This industry report offers business insights into these pointers:

• Market Uptake: Exhaustive data on the product portfolios of the top actors in the heart pump devices market. The analysis examines the sector established on product, category, therapy, and area

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis and growth activities, and launches of new product in the heart pump devices market

• Market Development: Highlighted information about profitable emerging sectors. The market research examines the industries for different heart pump devices across localities

• industry diversification: Complete information about products, untapped areas, recent evolutions, and market investments in the heart pump devices market

• opposing assessment: Detailed assessment of market shares, strategies, products, distribution networks, and manufacturing competences of the key players in the heart pump devices market

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