Cardiac Assist Devices Market

Cardiac Assist Devices Market is estimated to reach USD 2728.7 million by 2023
Cardiac Assist Devices Market Size and Growth Rate:
By 2023, the market is estimated to grow at a CAGR of 8.451% during the forecast period to reach USD
2728.7 million.
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Cardiac Assist Devices Market Overview:
Cardiac assist devices are specially designed to protect the persons from cardiac arrest who have
weakened hearts. It helps in pumping the blood to vital organs and other body parts by taking blood
from the lower chamber. The patient should follow some safety precautions during or after the surgery
for wellbeing.
Cardiac Assist Devices Market Growth Drivers and Restraints:
Increasing number of patients with cardiovascular problems is major driver for the market growth. Rise
in the concern towards health and growing expenditure on the healthcare especially in urban areas is
accelerating the demand of the market. In addition, the market is fueled by increasing support from the
government by launching reimbursement schemes where common people are highly benefited in
getting better treatment.
However, high cost for installation and maintenance of the equipment is slightly hindering the demand
of the market. Lack of skilled physicians to operate the procedure as it is bit complex is remained as
challenging factor for the cardiac assist devices market developers.
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On-going research to develop innovative devices with advanced features is solely to set up growth
opportunities for the market. Increasing constructional activities of hospitals and acceptance of
advanced technologies in medical sector are greatly influencing the growth of the market.
Cardiac Assist Devices Market Geographical Analysis:
Geographically, the market is segmented into North America, Asia Pacific, Europe, Middle East and
Africa. North America is accounted in leading highest shares of the market with the growing economy in
developed and developing countries. Also, good deals between the hospitals and insurance companies is
ascribed to bolster the growth of this market. Asia Pacific is holding second positioned in dominating
largest shares of the market. Rapidly increasing geriatric population and rising disposable income are
primary factors magnifying the demand of the market in this region. Europe is to have highest CAGR in
coming years with the rising incidences of heart failure cases and also increasing prevalence for effective
treatment procedures at any cost. Middle East and Africa is inclined to have significant growth rate in
coming years by rising support from public and private organizations through investments.
KeyPlayers of the Cardiac Assist Devices Market:
Key players in the cardiac assist device market are Abbott Laboratories (St. Jude Medical, Inc.), Berlin
Heart GmbH, Calon Cardio-Technology Ltd., Abiomed, Inc., Asahi Kasei Corporation (Evaheart Medical
U.S.A., Inc.), CardiacAssist Technologies, Medtronic plc, ReliantHeart, Inc., Terumo Medical Corporation
and Jarvik Heart, Inc.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the
market. It helps us understand the market better through size anticipation and CAGR calculation to
estimate the next market. It has a broader segmentation for better understanding of the enterprising of
the market at a low level by segregating the market into smaller sectors.
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Cardiac Assist Devices Market Report 2018 is an inclusive analysis of Industry Demand, Trends, Size, Opportunities, and forecasts the market size and growth to 2023

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