According to the report “Europe Cardiac Assist Devices Market,” published by Market Data Forecast, the global market is projected to reach USD 602.4 million by 2021 from USD 396.6 million in 2016, at a CAGR of 8.72% from 2016 to 2021.
Cardiac Assist Devices (CAD) are type of mechanical pumps that work along with the heart to improve its pumping efficiency and maintain the optimum blood flow throughout the body. Cardiac Assist Devices can be segmented in three types ventricular assist devices, intra-aortic balloon pumps (IABPs) and total artificial heart. Ventricular assist device (VAD) is a mechanical pump which takes blood from a lower chamber of the heart and pumps it to the body and vital organs.
Ventricular devices are of two types right ventricular assist device (RVAD), left ventricular assist device (LVAD) and if both the ventricular assist devices are used they’re known as biventricular assist device (BIVAD). Intra-aortic balloon pump is a type of CAD device which increases myocardial oxygen perfusion and cardiac output at the same time. Total artificial heart is a device which replaces the lower chambers of heart and recovers failing heart by performing all functions of a normal heart.
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Europe Cardiac Assist Devices market: Drivers & Restraints
Existence of alternative treatment like pacemaker, heart transplantation and etc. and the associated compatibility issues with the device implantation, such as respiratory failure, development of blood clots and device failure restrain the market growth. Adding to these, surgical impediments such as kidney failure, bleeding, Infection and occurrence of stroke are also acting as a barrier in the adoption of such devices.
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Europe Cardiac Assist Devices market: Segmentation
- Ventricular Assist Devices (VAD)
- Right Ventricular Assist Device (RVAD
- Left Ventricular Assist Device (LVAD)
- Bi-Ventricular Assist Device (Bi-VAD
- External Ventricular Assist Devices
- Intra-Aortic Balloon Pumps (IABP)
- Total Artificial Heart (TAH)
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Europe Cardiac Assist Devices market: Overview
With rapid technological advancement and wide acceptance of cardiac surgery procedures among patients with heart problem, the global cardiac assist devices market is expected to exhibit a double-digit growth in the forecast period (2016-2021).
With FDA approving SynCardia System’s Total Artificial Heart to conduct clinical studies on destination therapy, more and more end stage heart failure patient will be benefit from this nature of therapy and the market is expected to expand significantly in the forecast period.
Cardiac assist devices are also being used as a Bridge-To-Transplantation (BTT), bridge-to-recovery or destination therapy, depending on the requirement of the patient and the severity of the disease. Technological advancements that make the devices more efficient and minimally invasive are expected to further drive the demand for cardiac assist devices in the future.
Europe Cardiac Assist Devices market: Region-wise Outlook
On the basis of geography, the European market is analysed under various regions namely, Spain, Germany, UK, France, Italy. The Europe region accounts to about 16% of the Global cardiac assist devices market.
Key Questions Answered
- What is the current and future Cardiac Assist Devices market outlook worldwide? What trends are affecting the Europe market?
- What is the competitive landscape and market share of major players in the Cardiac Assist Devices space in Europe?
- What are the key, high growth markets that Cardiac Assist Devices manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the Cardiac Assist Devices currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook of Cardiac Assist Devices?
- What are the challenges and barriers that have hindered widespread adoption of Cardiac Assist Devices?
Europe Cardiac Assist Devices market: Key Players
Some other potential players in the market include Jarvik Heart, Inc. and Terumo Corporation. Braile Biomedica Ltd., CardiacAssist, Inc., CardioBridge GmbH, Carmat SAS, Cleveland Heart, Inc., CorAssist Cardiovascular Ltd., Evaheart Medical USA, Inc., Leviticus Cardio Ltd., MyoCardioCare, Inc.
Reasons to buy Europe Cardiac Assist Devices market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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