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Global Heart Pump Device Market 2018-2022 by Product, Type, and Therapy - Growth Potential Offered by Emerging Countries - ResearchAndMarkets.com

May 16, 2018

DUBLIN--(BUSINESS WIRE)--May 16, 2018--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.

Rising prevalence of cardiovascular diseases, increasing number of regulatory approvals, and a huge gap between the demand and supply of donor hearts is driving the demand for heart pump devices. However, preference for alternative drug delivery modes and poor reimbursement scenario in developing countries is expected to restrain the growth of this market during the forecast period.

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 highest CAGR during the forecast period. This can be attributed to improved safety and efficacy of these devices as a result of technological advancements.

Based on therapy, the global heart pump devices market is segmented into bridge-to-transplant, bridge-to-candidacy, destination therapy, and other therapies such as bridge-to-recovery and rescue therapy. The destination therapy segment is expected to grow at the highest CAGR during the forecast period.

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/4xz83t/global_heart_pump?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180516006195/en/

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Related Topics:Cardiovascular Devices

KEYWORD:

INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 05/16/2018 01:27 PM/DISC: 05/16/2018 01:27 PM

http://www.businesswire.com/news/home/20180516006195/en

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