Heart Pump Device Market Growing at 19.4% CAGR to 2022 - Cardiovascular Diseases Drives the Growth
The global heart pump devices market is projected to reach USD 3.98 billion by 2022 from an estimated USD 1.64 billion in 2017, at a CAGR of 19.4% during the forecast period. Rising prevalence of cardiovascular diseases, increasing number of regulatory ap
(EMAILWIRE.COM, September 29, 2018 ) North America expected to account for largest share of heart pump devices market, followed by Europe. Key factors driving growth of this market include rising prevalence of cardiovascular diseases, increasing number of regulatory approvals, & a huge gap between supply & demand of donor hearts is driving demand for heart pump devices. Download Sample at http://www.reportsnreports.com/contacts/requestsample.aspx?name=1502333 .
Report analyzes heart pump devices market and aims at estimating market size and future growth potential of this market based on various segments such as product, type, therapy, and region. The report also includes competitive analysis of the key players in this market along with their company profiles, product offerings, recent developments, and key market strategies.
Key Target Audience
• Manufacturers of heart pump devices
• Original equipment manufacturers
• Suppliers and distributors of heart pump devices
• Healthcare service providers
• Transplant centers
• Teaching hospitals and academic medical centers
• Health insurance players
• Government bodies/municipal corporations
• Regulatory bodies
• Medical research institutes
• Business research and consulting service providers
• Venture capitalists
• Market research and consulting firms
The high cost of devices and implantation procedures and poor reimbursement scenario in developing countries is expected to restrain the growth of this market during the forecast period. For instance, in emerging countries such as China and India, no coverage is provided for heart pump devices, thus increasing the out-of-pocket expenditure by patients.
Click Here For More Information on Heat Pump Devices Market Top Trends and Company Profiles at http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1502333 .
The heart pump device market is segmented on the basis of product, type, therapy, and region. Based on product, the market is segmented into ventricular assist devices, intra-aortic balloon pumps, and total artificial heart. The ventricular assist devices market is expected to grow at the highest CAGR during the forecast period.
Break of primary participants was as mentioned below:
• By Company Type – Tier 1–56%, Tier 2–35% and Tier 3–9%
• By Designation – C-level–27%, Director Level–15%, Others–58%
• By Region – North America–38%, Europe–23%, Asia Pacific–25%, Row–15%
The key players in the global heart pump devices market are St. Jude Medical ( subsidiary of Abbott Laboratories) (US), Abiomed (US), Medtronic (Ireland), Getinge (Sweden), Teleflex (US), ReliantHeart (US), BerlinHeart (Germany), Terumo (Japan), SynCardia Systems (US), TandemLife (CardiacAssist) (US), Jarvik Heart (US), and Fresenius Medical Care (Germany).
Discount on this study “Heart Pump Device Market by Product (Ventricular Assist Device (LVAD, RVAD, BiVAD, and pVAD), Intra Aortic Balloon Pump, TAH), Type (Extracorporeal and Implantable Pump), Therapy (Bridge-to-transplant, Destination Therapy) - Global Forecast to 2022” research is available now at http://www.reportsnreports.com/contacts/discount.aspx?name=1502333 .
High growth in the ventricular assist devices market can be primarily attributed to the increased dependency on ventricular assist devices for the treatment of heart failure and technological advancements to improve the safety of these devices.
Objectives of the Study
• To define, measure, and describe the global heart pump devices market by product, type, therapy, and region
• To provide detailed information about the major factors influencing market growth (drivers, restraints, challenges, and opportunities)
• To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
• To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
• To forecast the size of market segments in North America, Europe, Asia Pacific, and RoW
• To strategically analyze the market structure and profile key players in the global heart pump device market and comprehensively analyze their core competencies
• To track and analyze company developments such as partnerships, agreements, and collaborations; expansions; acquisitions; product approvals; and product launches in the heart pump devices market.
Report analyzes heart pump devices market and aims at estimating market size and future growth potential of this market based on various segments such as product, type, therapy, and region. The report also includes competitive analysis of the key players in this market along with their company profiles, product offerings, recent developments, and key market strategies.
Key Target Audience
• Manufacturers of heart pump devices
• Original equipment manufacturers
• Suppliers and distributors of heart pump devices
• Healthcare service providers
• Transplant centers
• Teaching hospitals and academic medical centers
• Health insurance players
• Government bodies/municipal corporations
• Regulatory bodies
• Medical research institutes
• Business research and consulting service providers
• Venture capitalists
• Market research and consulting firms
The high cost of devices and implantation procedures and poor reimbursement scenario in developing countries is expected to restrain the growth of this market during the forecast period. For instance, in emerging countries such as China and India, no coverage is provided for heart pump devices, thus increasing the out-of-pocket expenditure by patients.
Click Here For More Information on Heat Pump Devices Market Top Trends and Company Profiles at http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1502333 .
The heart pump device market is segmented on the basis of product, type, therapy, and region. Based on product, the market is segmented into ventricular assist devices, intra-aortic balloon pumps, and total artificial heart. The ventricular assist devices market is expected to grow at the highest CAGR during the forecast period.
Break of primary participants was as mentioned below:
• By Company Type – Tier 1–56%, Tier 2–35% and Tier 3–9%
• By Designation – C-level–27%, Director Level–15%, Others–58%
• By Region – North America–38%, Europe–23%, Asia Pacific–25%, Row–15%
The key players in the global heart pump devices market are St. Jude Medical ( subsidiary of Abbott Laboratories) (US), Abiomed (US), Medtronic (Ireland), Getinge (Sweden), Teleflex (US), ReliantHeart (US), BerlinHeart (Germany), Terumo (Japan), SynCardia Systems (US), TandemLife (CardiacAssist) (US), Jarvik Heart (US), and Fresenius Medical Care (Germany).
Discount on this study “Heart Pump Device Market by Product (Ventricular Assist Device (LVAD, RVAD, BiVAD, and pVAD), Intra Aortic Balloon Pump, TAH), Type (Extracorporeal and Implantable Pump), Therapy (Bridge-to-transplant, Destination Therapy) - Global Forecast to 2022” research is available now at http://www.reportsnreports.com/contacts/discount.aspx?name=1502333 .
High growth in the ventricular assist devices market can be primarily attributed to the increased dependency on ventricular assist devices for the treatment of heart failure and technological advancements to improve the safety of these devices.
Objectives of the Study
• To define, measure, and describe the global heart pump devices market by product, type, therapy, and region
• To provide detailed information about the major factors influencing market growth (drivers, restraints, challenges, and opportunities)
• To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
• To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
• To forecast the size of market segments in North America, Europe, Asia Pacific, and RoW
• To strategically analyze the market structure and profile key players in the global heart pump device market and comprehensively analyze their core competencies
• To track and analyze company developments such as partnerships, agreements, and collaborations; expansions; acquisitions; product approvals; and product launches in the heart pump devices market.
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Mr. Hrishikesh
Tel: + 18883915441
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ReportsnReports
Mr. Hrishikesh
Tel: + 18883915441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results