Future of Global Heart Pump Devices Market Along with Key Drivers, Major Manufactures, Business Insights, Trends and Forecast 2024

Heart pump devices are mechanical circulatory support device that is used to support heart function and blood flow in individuals who have weakened hearts. These devices restore the heart to a normal rhythm and help prevent sudden cardiac death. These implantable mechanical pumps help pump blood from the lower chambers of the heart to the rest of the body. They are used in patients at risk for recurrent, sustained ventricular tachycardia or ventricular fibrillation. Heart pump devices are used in bridge-to-transplant therapy and destination therapy. It is also used to examine the effectiveness of treatment from medication or pacemaker. According to the report, the global heart pump device market is projected to grow at a CAGR of 18.5% over the forecast period of 2018-2024.

Get Sample Report Copy for Market Insights @ https://www.infiniumglobalresearch.com/reports/sample-request/2566
Growing Prevalence of Cardiovascular Disease to Drive the Heart Pump Devices Market

The rising prevalence of cardiovascular disease owing to unhealthy diet, physical inactivity, tobacco use, and harmful use of alcohol drives the heart pump devices market. According to the American Heart Association, 4,600,000 people have congestive heart failure, and 550,000 new cases of congestive heart failure are diagnosed each year. In addition, the severe shortage of donor's hearts limits the availability of transplantation for the growing number of patients with end-stage heart disease that increases the demand for heart pump devices. Moreover, the growth in the development of minimally invasive techniques to implant heart pump devices and substantial progress in size, durability, and reliability of the device creates opportunities for the growth of the heart pump device market.

Ventricular Assist Device Product Type Segment to Hold a Significant Market Share in the Heart Pump Device Market

The heart pump devices market is segmented into types, product type, and therapy. The Product type segment is further bifurcated into ventricular assist devices, intra-aortic balloon pumps, and the total artificial heart. Ventricular assist devices accounted for the significant market share of in 2016. The growth in ventricular assist devices is mainly driven owing to its benefits such as prolonged life support and ease in implantation. In addition, the increasing demand for minimally invasive therapies supports the growth of the market during the forecast period.

North America to hold the dominant position in the heart pump device market

Geographically, the market is divided into the Americas, Europe, APAC and RoW. The North America dominated the heart pump device market. The U.S is a key country that is driving the North America heart pump device market. The growth in this region is mainly attributed owing to the sedentary lifestyle of the citizens and increasing prevalence of cardiac diseases. Moreover, high per capita expenditure on healthcare, high disposable income and reformation in the healthcare system such as reimbursement offerings is driving the demand for the heart pump device. Furthermore, the substantial investment occurring in both the public and private healthcare sectors and strong demand for high-quality medical technologies in Canada favors the growth of heart pump device market. These factors have led to growth in the North America market. The Asia Pacific region is expected to grow at the fastest CAGR over the forecast period. The growing healthcare infrastructure in China and the booming medical tourism in India are expected to increase the demand for heart pump devices. Furthermore, the rising prevalence of hypertension, diabetes, overweight, and obesity, growing incidences of heart failure and increasing aging population in this region are anticipated to propel the growth of the Asia Pacific heart pump device market.


Browse Complete Report@ https://www.infiniumglobalresearch.com/healthcare-medical-devices/global-heart-pump-device-market

Comments

Post a Comment

Popular posts from this blog

South Korea Wide Belt Sanders Industry 2019 Market Research Report, Popular Trends & Technological Advancements, Forecast & Opportunities

The market study covers the South Korea Wide Belt Sanders Market crosswise segments. It purposes at estimating the market size and the growth prospective of the market segments, such as supplier, application, organization size, and business vertical. The study also includes a detailed competitive analysis of the key players in the market, along with their enterprise profiles, key observations related to product and industry offerings, new developments, and key market plans.  We are Now Including the Impact Analysis of the COVID-19 on this Premium Report and the Forecast Period of this Report shall be Revised to 2020-2026. The Section on the Impact of COVID-19 on this Market is Included in the Report for Free. To Know More Request Sample of this Report@ https://www.infiniumglobalresearch.com/reports/sample-request/19538 A complete view of the wide belt sanders industry is provided based on definitions, product classification, applications, major players driving the South Korea wid
Read more

Feminine Hygiene Products Market 2020 : South Korea Industry Growth, Opportunities, Consumptions, Industry Analysis and Forecasts 2026

Image
The market study covers the South Korea Feminine Hygiene Products Market crosswise segments. It purposes at estimating the market size and the growth prospective of the market segments, such as supplier, application, organization size, and business vertical. The study also includes a detailed competitive analysis of the key players in the market, along with their enterprise profiles, key observations related to product and industry offerings, new developments, and key market plans. We are Now Including the Impact Analysis of the COVID-19 on this Premium Report and the Forecast Period of this Report shall be Revised to 2020-2026. The Section on the Impact of COVID-19 on this Market is Included in the Report for Free. To Know More Request Sample of this Report@ https://www.infiniumglobalresearch.com/reports/sample-request/26384 A complete view of feminine hygiene products industry is provided based on definitions, product classification, applications, major players driving the South
Read more

Saudi Arabia Waterjet Cutting Machinery Market’s Growth with Worldwide Industry Analysis to 2030

  The Infinium Global Research analyses the Saudi Arabia Waterjet Cutting Machinery Market over the period of 2023 to 2030. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global food supply for restaurants market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of food supply for restaurants. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the food supply for restaurants market during the period. To Know More Request a Sample of this Report@  https://www.infiniumglobalresearch.com/saudi-arabia/sample-request/2691 The water jet-cutting machinery market in Saudi Arabia is experiencing significant growth, propelled by the surging demand for process automation across various industry verticals. Technological advancements and the expanding range of end-use
Read more