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Heart Pumps Market

: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025

The Heart Pumps Market: By Type (Left ventricular assist device (LVAD), Right ventricular assist device (RVAD), Others), By Flow Rate (Continuous Flow, Pulsatile) By End User(Hospitals, Ambulatory Surgical Centres, Others), By Geography

 

Heart Pumps Market

 

Market Outline: Heart Pumps Market

Heart failure is also referred as congestive heart failure. It is the condition at which heart is unable to pump the sufficient blood to the body parts. Certain conditions such as narrowed arteries (coronary artery disease or high blood pressure results in weakening the heart and stiffening the arteries lead to difficulties in pumping of blood. Heart pumps are used to support or replace the blood flow and heart function in the people with weak cardiac function and patients with heart failure. Cardiac assist device. Heart pumps are implantable devices and can be used temporarily to help the heart rate and blood flow or can use permanently. In some patients usage of heart pumps may allow the heart to recover and function normally.

 

Market Dynamics: Heart Pumps Market 

Increase in prevalence of cardiovascular diseases across regions is one the major factors expected to drive the revenue growth of heart pumps market globally. Lifestyle related factors are expected to add to growing disease incidence of CVDs. In addition growing number of obese patients are expected to bolster the heart pumps market. ast track approvals of cardiac devices in developed countries will propel sales revenues for the companies advanced technologies also propel the growth of heart pumps market. However, factors such as availability of alternative treatment options expected to hinder the market growth. Furthermore, high cost of devices and stringent regulatory procedures may act as restraints for the growth of global heart pumps market over the forecast period.

 

Market Scope: Heart Pumps Market 

The Heart Pumps Market is classified on the basis of therapeutic area, application, end user and geographical regions.

Based on Type, Heart Pumps Market is segmented into

  • Left ventricular assist device (LVAD)
  • Right ventricular assist device (RVAD)
  • Others

Based on flow rate, Heart Pumps market is segmented into

  • Continuous Flow
  • Pulsatile

Based on End User, Heart Pumps Market is segmented into

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

Geography

North America

  • US
  • Canada

Europe

  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe

Asia-Pacific

  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Venezuela
  • Rest of Latin America

Middle East and Africa (MEA)

  • Gulf Cooperation Council (GCC) Countries
  • Israel
  • South Africa
  • Rest of MEA

Market Summary: Heart Pumps Market 

Global heart pumps market expected to grow at significant rate owing to increase in cases heart failure around the world. heart pumps are the one of the promising treatment option for the heart failure patients. Market has many of the players and comprising of huge competition among them. Companies are collaborating to other technological companies in development of the new and innovative products for company market growth. Furthermore, larger companies are focusing on the product launches and acquisition of the other companies in the market to strengthen their position. For instance, in April, 2018, Abiomed, Inc. has received U.S. FDA Pre-Market Approval (PMA) for its Impella CP heart pump with SmartAssist

 

Regional Analysis: Heart Pumps Market 

Geographically Heart Pumps Market is segmented as Latin America, North America, Asia- Pacific, The Middle East & Africa and Europe. North America and European markets are significantly having high growth potential for heart pumps market due to the increase in incidences of heart diseases in these regions. According to American Heart Association, Heart Disease and Stroke Statistics 2017, congestive heart failure occupies 8.5% of heart diseases in US. merging markets like Asia Pacific and Latin America are set to witness significant growth in this industry due to change in demographics, healthcare reforms, healthcare expenditure, and an increase in growth of heart pumps.

 

Market participants: Heart Pumps Market 

Some of the players in Heart Pumps Market

  • Calon Cardio-Technology Ltd. (U.K.)
  • SynCardia Systems, Inc. (U.S.)
  • Medtronic (U.S.)
  • Berlin Heart GmbH (Germany)
  • CHF Solutions, Inc. (U.S.)
  • Teleflex Incorporated (U.S.)
  • MAQUET GmbH & Co. (Germany)
  • Abiomed (U.S.)
  • Abbot Laboratories (U.S.)