The Cardiac Assist Devices Market is expected to rise over the projected period, primarily owing to greater patient awareness of heart failure and the provision of improved treatment alternatives. The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.
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A cardiac assist device is a mechanical pump that helps people with weaker hearts as well as it also helps to maintain blood circulation flow in the heart. Additionally, the cardiac assist device pulls blood from a lower chamber of the heart and pump it to the body and organ systems.
During the forecast period of 2020-2025, the introduction of next-generation cardiac assist devices is likely to boost growth of the industry. With considerable improvements in design concepts and process conditions, the market has seen the launch of various new and unique heart assist devices. Surgeons are using less intrusive technologies to execute Left Ventricular Assist Device (LVAD) implant procedures more efficiently. Furthermore, the worldwide cardiac assist devices market is expected to expand over the assessment period as a result of technical developments, product launch approvals, ageing population, and improved reimbursement policies for heart failure and associated comorbidities. Vendors are anticipated to concentrate on untapped patient needs as demand for novel cardiac assist devices rises due to reassuring clinical outcomes, resulting in more possibilities for vendors.
Global Cardiac Assist Devices Market Segmentation
1. By type of product: Ventricular Assist Devices (VDS) (External Ventricular Assist Devices, Left Ventricular Assist Devices (LVDS), Biventricular Assist Devices, Right Ventricular Assist Devices) Intra-Aortic Balloon Pumps, Total Artificial Heart))
2. By on flow rate: Continuous Flow, Pulsatile
3. By end user: Hospitals, Ambulatory Surgical Centres, Others
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Some of the major key players in the cardiac assist devices market are Calon Cardio-Technology Ltd. (UK) SynCardia Systems, Inc. (U.S.), Medtronic (U.S.), Berlin Heart GmbH (Germany), CHF Solutions, Inc. (U.S.), Teleflex Incorporated (U.S.), MAQUET GmbH & Co. (Germany), Abiomed (U.S.) and Abbot Laboratories (U.S.).
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