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.
This comprehensive study provides various aspects of business such as important definition, end use and total revenue generated across various regions. Besides this, researchers behind this study put in vigilant and persistent effort to keep a proximate attention on top performers of Heart Pump Device Market. Import and export, demand and supply, gross margin, supply chain management and distribution channel are the other aspects examined during the research.
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Competitive Terrain:
The global Heart Pump Device industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
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
Additional information offered by the report:
Along with a complete overview of the global Heart Pump Device market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Heart Pump Device market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.
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Segments Covered in this report are:
Ventricular Assist Devices (VADs)
Intra-Aortic Balloon Pumps (IABPs)
Total Artificial Heart (TAH)
Others
Extracorporeal pumps
Implantable pumps
Bridge-To-Transplant (BTT)
Bridge-To-Candidacy (BTC)
Destination Therapy (DT)
Other therapies
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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