Heart Pump Device Market – Industry Analysis and ForecastPosted by shankar on December 8th, 2020 Heart Pump Device Market was valued at USD3.98 billion in 2019 and is estimated to grow at a CAGR of XX % from 2019 to 2026. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region. Heart Pump Device Market is essentially mechanical pumps acting as ventricular assist devices. These are implanted surgically and are used to temporarily support the functions of the heart in people with a weak heart or irregular blood flow. These devices are especially used as a bridge to heart transplantation for patients with end-stage heart failure Some of the Heart Pump Device Market drivers include increasing technological advancements in healthcare, the rise in the prevalence of cardiovascular diseases, lack of donor's hearts for transplantation, along with the rise in geriatric population. In addition to this, favourable reimbursement scenario, availability of clinical evidence for the safety and efficacy procedures, patients getting aware of better healthcare options, changing technology and innovation, changing demographics and lifestyles leading to an increased prevalence of peripheral vascular diseases, and adoption of new products together with rising demand for advanced medical instruments are a few other factors that have boosted the overall Heart Pump Device Market growth. Heart Pump Device Market is segmented by product, type, therapy, and region. Heart pump device has the predominant usage in surgeon offices, hospital emergency departments & intensive care units, and research institutes. Geographically, Heart Pump Device Market is classified into North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). In 2018, North America is anticipated to have the largest share in the The largest ratio of the North American market can mostly be attributed to the high prevalence of technologically advanced medical framework, sophisticated insurance & co payment system & high R&D investment by governments and private funding organizations for the development of surgical techniques, Availability of clinical evidence for the safety and efficacy of surgery procedures, transmuting technology and innovation. Asia Pacific market is expected to grow at the fastest rate during the forecast period owing to the increasing demand for heart pump devices. Many minuscule players are looking forward to investment in the Asia Pacific market due to a sizable patient pool and incremental utilization of The key players in the Heart Pump Device Market include 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). The years that have been considered for the study are: • Base year – 2017 The objective of the report is to present comprehensive Heart Pump Device Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding Heart Pump Device Market North America for Asia Pacific dynamics, structure by analyzing the market segments, and project the Heart Pump Device Market North America for Asia Pacific size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Heart Pump Device Market North America for Asia Pacific make the report investor’s guide. By Product: o Ventricular Assist Devices (VADs) o Implantable Heart Pump Devices o Bridge-to-transplant (BTT) Company Profiles: • Abbott Laboratories North America Europe Asia Pacific Rest of the World (ROW): Like it? Share it! More by this author |