DUBLIN--(BUSINESS WIRE)--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.
- 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
- High Cost of Heart Pump Devices as Well as Implantation Procedures
- Growth Potential Offered by Emerging Countries
- Limited Reimbursement for Heart Pump Devices for Destination Therapy
Key Topics Covered
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
- Berlin Heart
- Fresenius Medical Care
- Jarvik Heart
- Syncardia Systems
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