The global Cardiac Assist Devices (CAD) market was valued at 302.67 Million USD in 2020 and will grow with a CAGR of 5.56% from 2020 to 2027, based on a newly published report.
Cardiac Assist Device Market Report Contains the insights on the post-COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market vendors, types, applications/end users, and geography (North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, and South America).
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Major key Players Covered in this report: Berlin Herat, ABIOMED, MAQUET, Thoratec, Teleflex, HeartWare, SynCardia
Overview of Cardiac Assist Device
A cardiac assist device, also called a defibrillator, is an electronic device that is used to help restore or maintain the normal function of an ailing heart, which in many cases is used to help a patient undergoing surgery. The device sends a burst of electric current that rapidly slows the heartbeat and reduces the muscle tension that causes the heart muscles to contract too hard. It is very effective in defibrillating those who have atrial fibrillation, a condition that causes the heart muscles to contract too strongly. The device can work on a much smaller scale than a heart transplant but still provides much-needed relief to many who suffer from this debilitating condition. These devices come in two forms: passive and active. Passive cardiac arrest support people waiting for heart transplantation can wear these devices while they sleep, as their hearts remain fully pacified while they sleep. The second type of cardiac assist device, an automated defibrillator, is fully automated and can be used to diagnose, monitor, and even provide relief when necessary.
Cardiac Assist Device Market Segmentation:
By Types:
Ventricular Assist Device, Total Artificial Heart, Intra-Aortic Balloon Pump, ,
By Applications:
Hospital, Clinic
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The increasing prevalence of heart failures and a growing number of patients with cardiovascular diseases (CVDs) is driving the growth of the cardiac assist devices market. Moreover, growing technological advancements in devices are again fuelling the growth of the cardiac assist devices market. For instance, in October 2020, Abbott announced the launch of its new implantable cardioverter-defibrillator (ICD) and cardiac resynchronization therapy defibrillator (CRT-D) devices for abnormal heart rhythms and heart failure. Moreover, the increasing geriatric population coupled with the growing expenditure on the hospital for improving patient care is further projected to foster the growth of the cardiac assist devices market.
Regional Insights:
North America is expected to witness significant growth over the forecast period and this is attributed to the high prevalence of cardiovascular disease in the region. According to the Centers for Disease Control and Prevention, coronary heart disease is the most common type of heart disease, killing 360,900 people in 2019. About 659,000 people in the United States die from heart disease each year—that’s 1 in every 4 deaths. About 2 in 10 deaths from CAD happen in adults less than 65 years old.
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