According to the report Cardiac Assist Devices, published by Market Data Forecast, the Europe market is projected to reach USD 602 million by 2021, at a CAGR of 8.72% from 2016 to 2021.
These devices are normally used in the case of patients suffering from end-stage congestive heart failure, when the chances of survival by using medication alone is minimal. The shortage of donor organs has resulted in development of these cardiac assist devices.
The approval of technologically advanced novel products will further increase the growth for cardiac assist devices in future. Also, lack of donor hearts for the purpose of transplantation is also propelling the cardiac assist devices implantations in patients suffering from severe heart complications, resulting in increase of market opportunities.
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Europe Cardiac Assist Devices: Drivers & Restraints
Europe Cardiac Assist Devices market is mainly driven by factors such as rising incidence of cardiovascular diseases, shortage of donor organs, advancements in technology and rising investment in research and development among others. However, the market is constrained by factors like risks associated with implantation of these devices and presence of alternative treatments like pacemaker.
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Europe Cardiac Assist Devices: Segmentation
- Ventricular Assist Devices (VAD)
o Right Ventricular Assist Device (RVAD)
o Left Ventricular Assist Device (LVAD)
o Bi-Ventricular Assist Device (Bi-VAD)
o External Ventricular Assist Devices
- Intra-Aortic Balloon Pumps (IABP)
- Total Artificial Heart (TAH)
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Europe Cardiac Assist Devices: Overview
Factors like rising incidence of cardiovascular diseases and rising investment in research and development is affecting the growth of this market positively. But the risks involved in transplantation of devices into patient like blood clots, bleeding and infection remain the chief restraints of this market.
Europe Cardiac Assist Devices: Region-wise Outlook
The market for Cardiac Assist Devices in Europe region is divided based on geography into United Kingdom, France, Italy, Germany and Spain. Europe has the second largest market in the world for cardiac assist devices in the world after North America region.
Key Questions Answered
- What is the current and future Cardiac Assist Devices outlook in Europe market? What trends are affecting the Europe market?
- What is the competitive landscape and market share of major players in the Cardiac Assist Devices space in Europe market?
- What are the key, high growth markets that Cardiac Assist Devices manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the Cardiac Assist Devices currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook of Cardiac Assist Devices?
- What are the challenges and barriers that have hindered widespread adoption of Cardiac Assist Devices?
Europe Cardiac Assist Devices: Key Players
Some of the major companies dominating Europe Cardiac Assist Devices Market are Thoratec Corporation, MAQUET GmbH & Co, Teleflex Incorporated, Berlin Heart GmbH, Abiomed, Inc., HeartWare International, SynCardia Systems, Inc. are the leading market players with dominance over 60% of the market.
Some other potential players in the market include Jarvik Heart, Inc. and Terumo Corporation. BiVacor Pty Ltd, Braile Biomedica Ltd., Calon Cardio-Technology Ltd., CardiacAssist, Inc., CardioBridge GmbH, Carmat SAS, Cleveland Heart, Inc., CorAssist Cardiovascular Ltd., Evaheart Medical USA, Inc, Windmill Cardiovascular Systems, Inc.
Reasons to access Europe Cardiac Assist Devices Report:
- Regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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