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Heart Pump Devices Market Size & Emerging Trends 2021 | Top Leading Countries, Companies, Consumption, Drivers, Forces Analysis, Revenue, Challenges and Global Forecast 2027

Pune, Maharashtra, India, March 11 2021 (Wiredrelease) Brandessence Market Research and Consulting Pvt ltd –:Heart Pump Devices Market: Increasing prevalence of cardiovascular diseases and technological advancements are key drivers for Global Heart Pump Devices Market.

Scope of Global Heart Pump Devices Market Reports –

Heart Pump Device is a mechanical pump that is used to support heart function and blood flow in people who have weakened hearts. According to the Centers for Disease Control (CDC), heart disease is the leading cause of death in the United Kingdom, United States, Canada, and Australia. Every year, cardiovascular diseases (CVDs) take the lives of 17.7 million people accounting to 31% of all global deaths. These devices can support the function of the left, right, or both heart ventricles. So, during the study of Global Heart Pump Devices market, we have considered Heart Pump Devices products and consumables to analyze the market.

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Global Heart Pump Devices Market report is segmented on the basis of Product type, Device type, Therapy type, End User type and by regional & country level. Based on Product type global Heart Pump Devices Market is classified as Left Ventricular Assist Device (LVAD), Right Ventricular Assist Device (RVAD) and Bi-Ventricular Assist Device (BiVAD). Based upon Device Type, global Heart Pump Devices Market is classified as Implantable Heart Pump Devices and Extracorporeal Heart Pump Devices. Based upon Therapy type, global Heart Pump Devices Market is classified as Bridge-to-Transplant (BTT), Bridge-to-Recovery (BTR), Bridge-to-Candidacy (BTC) and Destination therapy (DT). Based upon End User type, global Heart Pump Devices Market is classified as Hospitals, Diagnostic Laboratories and Cancer Research Centers.

The regions covered in this Heart Pump Devices Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Heart Pump Devices is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Key Players for Global Heart Pump Devices Market Reports-

Global Heart Pump Devices market report covers prominent players like Cardiac Assist, Comed, Lepu Medical Technology, Merit Medical Systems, Ceremed, Inc., Thoratec Corporation, St. Jude Medical, SynCardia Systems LLC, and Heart Ware International, Biomed, Baxter International Inc, Heart Ware International, Thoratec, Berlin Heart, CryoLife, Jarvik Heart, Reliant heart, Sun Medical Technology Research and others.

Global Heart Pump Devices Market Dynamics –

The major key drivers for the growth of the Global Heart Pump Devices Market are increasing geriatric population, growing awareness about cardiovascular diseases, technological advancements and increase in prevalence of cardiovascular diseases attributed due to rising risk factors such as obesity, diabetes, high cholesterol, hypertension, increasing level of smoking and alcohol consumption. The American Heart Association estimates that 65% of patients with diabetes die due to some form of cardiovascular disease. However, heart pump devices implantation surgeries are highly expensive and the cost is further added according to the per year life added. For instance, Left Ventricular Assist Device (LVAD) implantation costs USD 175,420 for the procedure contributing to total cost of USD 726,200 for six years. The U.S. health care system spends more than $26 billion annually for patients with heart failure. Nonetheless, untapped market and technological advancements may generate new opportunities in forecast period.

By Product

Left Ventricular Assist Device (LVAD) Right Ventricular Assist Device (RVAD) Bi-Ventricular Assist Device(BiVAD)

By Type

Implantable Heart Pump Devices Extracorporeal Heart Pump Devices

By Therapy

Bridge-to-Transplant (BTT) Bridge-to-Recovery (BTR) Bridge-to-Candidacy (BTC) Destination therapy (DT)

By End-User

Hospitals Ambulatory Surgical Centers Research Institutes

By Region

North America U.S Canada Europe U.K. France Germany Italy Asia Pacific China Japan India Southeast Asia Latin America Brazil Mexico Middle East and Africa GCC Africa Rest of Middle East and Africa

Market Players

Cardiac Assist Comed Lepu Medical Technology Merit Medical Systems Ceremed Inc. Thoratec Corporation Jude Medical SynCardia Systems LLC Heart Ware International Biomed Baxter International Inc

This comprehensive report will provide:

Enhance your strategic decision making Assist with your research, presentations and business plans Show which emerging market opportunities to focus on Increase your industry knowledge Keep you up-to-date with crucial market developments Allow you to develop informed growth strategies Build your technical insight Illustrate trends to exploit Strengthen your analysis of competitors Provide risk analysis, helping you avoid the pitfalls other companies could make Ultimately, help you to maximize profitability for your company.

Our Market Research Solution Provides You Answer to Below Mentioned Question:

Which are the driving factors responsible for the growth of market? Which are the roadblock factors of this market? What are the new opportunities, by which market will grow in coming years? What are the trends of this market? Which are main factors responsible for new product launch? How big is the US & regional market in terms of revenue, sales and production? How far will the market grow in forecast period in terms of revenue, sales and production? Which region is dominating the US market and what are the market shares of each region in the overall market in 2017? How will each segment grow over the forecast period and how much revenue will these segment account for in 2025? Which region has more opportunities?

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Last Updated: 11-Mar-2021