DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Ventricular Assist Device Market Analysis by Product (Left, Right, Bi- Ventricular Assist Devices), and Segment Forecasts To 2022" report to their offering.
The global ventricular assist device market is expected to reach USD 1.97 billion by 2022. Key factors attributing to its rapid growth include rising prevalence of cardiovascular disorders coupled with the development of technological advanced products such as miniature device with infection reduction technology.
Furthermore, increasing healthcare expenditure, favorable reimbursement policies and advanced technological facilities, are expected to positively reinforce ventricular assist device market growth over the next seven years.
Ventricular assist device market is segmented on the basis of type of product which includes left ventricular, right ventricular and bi-ventricular assist device. Key factors attributing to rapidly increasing number of patients with end stage heart failure and low availability of therapeutic options are among the key factors attributing to the market growth.
Lack of developed reimbursement policies in underdeveloped economies of Africa and Asia is one of the key factors attributing for low penetration of these device. However, constant economic development, improving healthcare infrastructure and reimbursement policies in countries such as India and China is expected to positively reinforce market growth in next seven years.
In 2014, North America accounted for largest market share of over 55%. Key factors attributing to its large share include presence of advanced healthcare infrastructure, and high level of collaboration between various stakeholders including medical fraternity, medical device industry, regulatory authorities, universities and others.
- HeartWare International
- Berlin Heart
- Cardiac Assist
- Jarvik Heart
- Sun Medical Technology Research
Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
3. Industry Outlook
4. Product Outlook
5. Regional Outlook
6. Competitive Landscape
For more information visit http://www.researchandmarkets.com/research/7h9k5f/ventricular