Global Heart Pump Device Market Research and Analysis Report 2025

2018-05-24 15:28:13

According to new report published by Reports Monitor titled, “Global Heart Pump Device Market for by Product, Type, Therapy: Global Opportunity Analysis and Industry Forecast 2017-2025,” the global heart pump market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at CAGR of XX% from 2017 to 2025.

U.S Food and Drug Administration has approved the heart pump devices Impella 2.5 System will help the patients to maintain circulation of blood in the body and an stable heart function through this device. Engineers are focusing on different innovative technologies which can help in the implant success of heart pump devices. Heart pump device is a surgically implanted pump that connects to the heart. Heart pump differs from an artificial. It has provision of delivering oxygen-rich blood throughout the body by taking blood from the left ventricle and moving into aorta. 

Global heart pump device market is segmented into product, type and therapy. On the basis of product, the market is segmented into ventricular assist devices, intra-aortic balloon pumps, and total artificial heart. On the basis of type, the market is segmented into implantable and extracorporeal heart pump devices. On the basis of therapy, the market is segmented into bridge-to-transplant, bridge-to-candidacy, destination therapy, and other therapies (bridge-to-recovery and rescue therapy)

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Increasing number of patients of cardiovascular diseases, high adoption of new technology in heart pump devices and research and development done on medical industry are the major factors that are driving the growth of the market. However, High risk associated with implanting heart pump device and high cost of heart pump device may restrict the growth of the market. On the other hand, emerging countries with huge advancement technology is providing the opportunity for the growth of the market.

Regional Overview
Geographically, the market is segmented into North America, Europe, Asia-Pacific and LAMEA. Global heart pump market is driven by factors such as advanced technology in heart pump devices, Huge Gap between the demand and supply of donor hearts are the major factors that have led to continuous expansion of the market.

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