Market Overview

Heart Pump Devices: Worldwide Market Analysis & Forecasts 2018-2022 - Based on Product, the Ventricular Assist Devices Market is Expected to Grow at the Highest CAGR - ResearchAndMarkets.com

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The "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"
report has been added to ResearchAndMarkets.com's
offering.

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.

The growth of this market is majorly driven by factors such as growing
prevalence of cardiovascular diseases, increasing number of regulatory
approvals, and an acute shortage of donor hearts.

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.

Segment Highlights

The heart pump device market is segmented on the basis of product, type,
therapy, and region.

  • Based on product, the ventricular assist devices market is expected to
    grow at the highest CAGR during the forecast period.
  • Based on type, the implantable heart pumps segment is expected to grow
    at the highest CAGR during the forecast period.
  • Based on therapy, the destination therapy segment is expected to
    register the highest CAGR during the forecast period.
  • Based on geography, the North American segment is expected to account
    for the largest share of the market in 2017.

Market Dynamics

Drivers

  • Rising Prevalence of Cardiovascular Diseases
  • Regulatory Approval of Several New and Advanced Heart Pump Devices
  • Huge Gap Between the Demand and Supply of Donor Hearts

Restraints

  • High Cost of Heart Pump Devices as Well as Implantation Procedures

Opportunities

  • Growth Potential Offered By Emerging Countries

Challenges

  • Limited Reimbursement for Heart Pump Devices for Destination Therapy

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Heart Pump Devices Market, By Product

7 Heart Pump Devices Market, By Type

8 Heart Pump Devices Market, By Therapy

9 Heart Pump Devices Market, By Region

10 Competitive Landscape

11 Company Profiles

  • Abbott Laboratories
  • Abiomed
  • Berlin Heart
  • Cardiacassist
  • Fresenius Medical Care
  • Getinge
  • Jarvik Heart
  • Medtronic
  • Reliantheart
  • Syncardia Systems
  • Teleflex
  • Terumo

For more information about this report visit https://www.researchandmarkets.com/research/x7bmd8/heart_pump?w=4

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