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Worldwide Heart Pump Device Industry to 2027 - Key Drivers, Restraints and Opportunities - ResearchAndMarkets.com

September 3, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Sep 3, 2021--

The “Global Heart Pump Device Market” report has been added to ResearchAndMarkets.com’s offering.

Heart failure is defined as a condition in which the heart is unable to pump enough blood to meet the body’s requirements. Such condition may arise because of various factors such as pre-myocardial infarction, high blood pressure, atrial fibrillation, heart disease, and others.

Heart pump devices are refereed as the mechanical devices which are used to support heart function and blood flow in people who have weak hearts. These devices are used for temporary or extended support of functioning of heart in people with irregular blood flow or weakening of heart muscles.

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The increase in prevalence of cardiovascular diseases is a key driving factor which is expected to boost the global heart pump device market over the forecast period. For instance, as per the study Global Burden of Disease published by the Lancet, in year 2017, around 26 million people were affected by heart failure, worldwide. Also, the increase in geriatric population will positively affect the growth of global heart pump device market during this forecast period.

Furthermore, various product launches by key players expected to propel the global heart pump device market growth. Moreover, the increase in new product approvals by regulatory authorities will support the growth of global heart pump device market. For instance, in January 2020, Abbott had received approval from USFDA (Food and Drug Administration) for its surgical technique with heart pump named as HeartMate 3 heart pump. These devices are used to treat heart failure patients to avoid open heart surgery. Previously, heart pumps have been implanted through open heart surgery. With approval for an alternative surgical technique, HeartMate 3 heart pump can now be implanted through lateral thoracotomy. (is surgical approach where an incision is made between a patient’s ribs to access the heart).

Product recall is the major restraining factor which expected to hamper the growth of global heart pump device market. For instance, in March 2021, Medtronic had pulled its HeartWare HVAD pump system from market, due to the death of patients. Also, high coast and lack of skilled professionals may hinder the growth of global heart pump device market throughout the forecast period.

Companies Mentioned

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  • Abbott Laboratories
  • Medtronic
  • Abiomed
  • SynCardia Systems
  • Teleflex Incorporated
  • CARMAT
  • Fresenius Medical Care AG & Co. KGaA
  • CardiacAssist Inc.
  • Getinge
  • SENKO MEDICAL INSTRUMENT Mfg. Co. Ltd

Key Questions Addressed by the Report

  • What are the Key Opportunities in Global Heart Pump Device Market?
  • What will be the growth rate from 2019 to 2027?
  • Which segment/region will have highest growth?
  • What are the factors that will impact/drive the Market?
  • What is the competitive Landscape in the Industry?
  • What is the role of key players in the value chain?

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Global Heart Pump Device Market Outlook

4.1 Overview

4.2 Market Dynamics

4.2.1 Drivers

4.2.2 Restraints

4.2.3 Opportunities

4.3 Porters Five Force Model

4.4 Value Chain Analysis

5 Global Heart Pump Device Market, By Product

5.1 Y-o-Y Growth Comparison, By Product

5.2 Global Heart Pump Device Market Share Analysis, By Product

5.3 Global Heart Pump Device Market Size and Forecast, By Product

5.3.1. Ventricular Assist Devices (VADs)

5.3.2. Intra-Aortic Balloon Pumps (IABPs)

5.3.3. Total Artificial Heart (TAH)

6 Global Heart Pump Device Market, By Type

6.1 Y-o-Y Growth Comparison, By Type

6.2 Global Heart Pump Device Market Share Analysis, By Type

6.3 Global Heart Pump Device Market Size and Forecast, By Type

6.3.1 Implantable Heart Pump Devices

6.3.2 Extracorporeal Heart Pump Devices

7 Global Heart Pump Device Market, By Therapy

7.1 Y-o-Y Growth Comparison, By Therapy

7.2 Global Heart Pump Device Market Share Analysis, By Therapy

7.3 Global Heart Pump Device Market Size and Forecast, By Therapy

7.3.1 Bridge-To-Transplant (BTT)

7.3.2 Bridge-To-Candidancy (BTC)

7.3.3 Destination Therapy (DT)

7.3.4 Other Therapies

8 Global Heart Pump Device Market, By Region

8.1 Global Heart Pump Device Market Share Analysis, By Region

8.2 Global Heart Pump Device Market Share Analysis, By Region

8.3 Global Heart Pump Device Market Size and Forecast, By Region

9 North America Heart Pump Device Market Analysis and Forecast (2020-2027)

10 Europe Heart Pump Device Market Analysis and Forecast (2020-2027)

11 Asia Pacific Heart Pump Device Market Analysis and Forecast (2020-2027)

12 Latin America Heart Pump Device Market Analysis and Forecast (2020-2027)

13 Middle East Heart Pump Device Market Analysis and Forecast (2020-2027)

14 Competitive Analysis

14.1 Competition Dashboard

14.2 Market share Analysis of Top Vendors

14.3 Key Development Strategies

15 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/ju911a

View source version on businesswire.com:https://www.businesswire.com/news/home/20210903005204/en/

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KEYWORD:

INDUSTRY KEYWORD: MEDICAL DEVICES HEALTH

SOURCE: Research and Markets

Copyright Business Wire 2021.

PUB: 09/03/2021 07:51 AM/DISC: 09/03/2021 07:51 AM

http://www.businesswire.com/news/home/20210903005204/en