Cardiac Assist Devices Market is Expected to Reach a Market Value of Over US$ 2,200 Mn by the end of 2027

VALLEY COTTAGE, New York, February 16, 2018 /PRNewswire/ --

A cardiac assist device is an electromechanical device for assisting cardiac circulation, which is used either partially or to completely replace the function of a failing heart. A new research report by Future Market Insights highlights the changing scenario of the global cardiac assist devices market [https://www.futuremarketinsights.com/reports/cardiac-assist-devices-market ] given the increase in cases of cardiovascular diseases across the world. The report is titled 'Cardiac Assist Devices Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027,' and depicts the market forecast during the study period 2017-2027. This comprehensive research report indicates that the global burden of cardiovascular diseases is expected to be around 29% of the total deaths. This has increased the need for better cardiac assist devices in the market.

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The global cardiac assist devices market is expected to reach a market value of over US$ 2,200 Mn by the end of 2027, growing at a CAGR of 5.7% during the forecast period. The rise in demand for cardiac assist devices is also a result of limited heart donors available across the world. The global cardiac assist devices market is also said to be highly competitive due to the presence of well-established top players in the global market. Companies are now focussing on new product launches and developing smart cardiac assist devices in order to gain maximum market share.

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Global Cardiac Assist Devices Market: Segmental Analysis 

        
        - Based on region, North America holds the largest market share with an expected
          market size of over US$ 1,100 Mn by the end of 2027. Western Europe is the second
          largest region in the global cardiac assist devices market in terms of value.
        - On the basis of product type, the ventricular assist device segment is predicted to
          stay ahead with the maximum market share and fastest growth. This segment is expected
          to reach a market value of over US$ 1,600 Mn by the end of 2027, growing at a CAGR of
          6.1% during the forecast period.
        - In terms of modality, the implantable application segment is expected to lead with the
          highest market share and fastest growth, leaving the transcutaneous segment lagging
          behind in terms of market size.
        - Based on end user, hospitals are expected to hold the highest market share with an
          estimated valuation of over US$ 1,700 Mn by the end of 2027. However, ambulatory
          surgical centres are expected to witness the fastest growth at the rate of 6.7% during
          the forecast period.

Preview Analysis on Global Cardiac Assist Devices Market Segmentation By Product Type - Ventricular Assist Device (VAD),Left Ventricular Assist Device (LVAD),Right Ventricular Assist Device(RVAD),Biventricular Assist Device (BIVAD),External Ventricular Assist Device, Intra-aortic Balloon Pump; By Modality Type - Transcutaneous,Implantable; By End Users Type - Hospitals,Ambulatory Surgical Centres: https://www.futuremarketinsights.com/reports/cardiac-assist-devices-market

Global Cardiac Assist Devices Market: Competitive Landscape 

This research report consists of detailed information of all the major players in the industry along with a brief profile depicting their current and future strategies. Some of these key players mentioned in the report are Thoratec Corporation, MAQUET GmbH & Co., Teleflex Incorporated, Heart Ware International, Berlin Heart GmbH, ABIOMED, SynCardia Systems, Inc., Abbott Laboratories, Medtronic Plc., Terumo Corporation etc.

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