A cardiac assist device is a mechanical pump that's used to support heart function and blood flow in people who have weakened hearts. The device takes blood from a lower chamber of the heart and helps pump it to the body and vital organs, just as a healthy heart would. Such devices may replace the heart partially or completely.
MARKET SCOPE
The "Global Cardiac Assist Devices Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Cardiac Assist Devices market with detailed market segmentation by product, modality, end use and geography. The report provides key statistics on the market status of the leading Cardiac Assist Devices market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? Based on product, the global Cardiac Assist Devices market is segmented into total artificial heart, intra-aortic balloon pumps (iabps), and ventricular assist devices
? based the basis of modality, the market is segmented into access transcutaneous and implantable.
? based the basis of end user, the market is segmented into hospital pharmacies, ambulatory surgical centre and others.
MARKET DYNAMICS
Drivers
? Aging population and increase in cardiovascular diseases.
? Lack of donor hearts for transplantation leading to increase in cardiac assist devices implantations in patients with severe heart complications.
? Various technological developments in the healthcare industry in Asia Pacific and Europe
Restraints
? High-cost devices for advanced heart failure
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Cardiac Assist Devices market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Cardiac Assist Devices market in these regions.
IMPACT OF COVID-19 ON CARDIAC ASSIST DEVICES MARKET
Covid-19 has upended industries, markets, and businesses all around the world, with a particularly profound impact on the medical equipment industry. While the pandemic's impact on many sectors has been primarily negative, the medical industry has seen ups and downs during the crisis.
Massive increases in demand for vital items of equipment such as PPE (personal protective equipment), ventilators, and testing kits, combined with consequent shortages, have motivated manufacturers to do everything necessary to meet the ever-increasing needs of healthcare providers.
As other industries grind to a halt, those in the industry have been forced to uproot many of their traditional supply networks, while global lockdown restrictions have affected the way the majority of firms operate on a daily basis.
However, because tackling Covid-19 would necessitate the combined efforts of the whole healthcare community, several non-essential industries and device markets have been forced to take a back seat ? at least until the crisis reaches its apex.
MARKET PLAYERS
The report covers key developments in the Cardiac Assist Devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Cardiac Assist Devices market are anticipated to lucrative growth opportunities in the future with the rising demand for Cardiac Assist Devices in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Cardiac Assist Devices market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? Thoratec Corporation
? MAQUET GmbH & Co.
? Teleflex Incorporated
? Heart Ware International
? Berlin Heart
? ABIOMED
? SynCardia Systems
? Abbott
? Medtronic
? Terumo Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.