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.
The growth of this market is majorly driven by factors such as growing prevalence of cardiovascular diseases, increasing number of regulatory approvals, and an acute shortage of donor hearts.
The high cost of devices and implantation procedures and poor reimbursement scenario in developing countries is expected to restrain the growth of this market during the forecast period. For instance, in emerging countries such as China and India, no coverage is provided for heart pump devices, thus increasing the out-of-pocket expenditure by patients.
Segment Highlights
The heart pump device market is segmented on the basis of product, type, therapy, and region.
- Based on product, the ventricular assist devices market is expected to grow at the highest CAGR during the forecast period.
- Based on type, the implantable heart pumps segment is expected to grow at the highest CAGR during the forecast period.
- Based on therapy, the destination therapy segment is expected to register the highest CAGR during the forecast period.
- Based on geography, the North American segment is expected to account for the largest share of the market in 2017.
Market Dynamics
Drivers
- 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
Restraints
- High Cost of Heart Pump Devices as Well as Implantation Procedures
Opportunities
- Growth Potential Offered By Emerging Countries
Challenges
- Limited Reimbursement for Heart Pump Devices for Destination Therapy
Key Topics Covered
1 Introduction
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
- Abiomed
- Berlin Heart
- Cardiacassist
- Fresenius Medical Care
- Getinge
- Jarvik Heart
- Medtronic
- Reliantheart
- Syncardia Systems
- Teleflex
- Terumo
For more information about this report visit https://www.researchandmarkets.com/research/x7bmd8/heart_pump?w=4
