The Global Heart Pump Device Market Research Report published by Emergen Research has been formulated by analysis of key business details and extensive geographical spread of the Heart Pump Device industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the Heart Pump Device market along with crucial statistical data about the Heart Pump Device market. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
The global heart pump device market size was USD 450.0 Million in 2021 and is expected to register a rapid revenue CAGR of 21.5% during the forecast period. The global heart pump device market is expected to experience significant growth over the next few years, driven by a growing prevalence of cardiovascular diseases and an aging population. Heart pump devices are mechanical devices that are implanted in the heart to help pump blood, either on a short-term or long-term basis. These devices are typically used in patients who are suffering from heart failure or who are undergoing cardiac surgery.
One of the key drivers of the heart pump device market is the increasing prevalence of cardiovascular diseases, particularly in developed countries. According to the World Health Organization, cardiovascular diseases are the leading cause of death worldwide, accounting for an estimated 31% of all deaths in 2015. This is a major factor contributing to the growth of the heart pump device market, as more and more people require these devices to help manage their conditions.
Another important driver of the heart pump device market is the aging population. As people get older, their risk of developing cardiovascular diseases increases, and this has led to a growing demand for heart pump devices. According to the United Nations, the number of people aged 60 years and older is expected to reach 2.1 billion by 2050, up from 962 million in 2017. This trend is expected to further fuel the growth of the heart pump device market in the coming years.
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Due to movement restrictions and lockdowns due to the current COVID-19 pandemic, the growth of the Heart Pump Device industry is expected to be negatively affected. In addition to the impact of the COVID-19 pandemic on numerous global markets, the Heart Pump Device industry is expected to feel the effect as well. The slowdown in economic growth and dynamic changes in demand will further affect industry growth. The report covers the impact analysis of the COVID-19 pandemic on the overall Heart Pump Device industry.
It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.
The report also discusses the key players involved in the market such as
Medtronic, BD, Abbott, Terumo Medical Corporation, W. L. Gore & Associates, Inc., Getinge AB., MERA, Fresenius Medical Care AG & Co. KGaA, Jarvik Heart, Inc., and Teleflex Incorporated
Radical Highlights of the Heart Pump Device Market Report:
- Comprehensive overview of the Heart Pump Device market along with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and R&D advancements on the Heart Pump Device market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Heart Pump Device market expected to boost the growth of the industry in the coming years.
Heart Pump Device Market Segmentation:
Product Type Outlook (Revenue, USD Million; 2019-2030)
- Ventricular Assist Devices (VADs)
- Intra-Aortic Balloon Pumps (IABPs)
- Total Artificial Heart (TAH)
Type Outlook (Revenue, USD Million; 2019-2030)
- Extracorporeal pumps
- Implantable pumps
Therapy Type Outlook (Revenue, USD Million; 2019-2030)
- Bridge-To-Transplant (BTT)
- Bridge-To-Candidacy (BTC)
- Destination Therapy (DT)
- Other therapies
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The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals.
ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.
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