(PharmaNewsWire.Com, September 28, 2017 ) The Middle-East & Africa market for cardiac assist devices is estimated at $92.54 Million in 2016 and is poised to reach $132.1 Million by 2021, growing at a CAGR of 7.38%. Rise in aging population, upsurge in occurrence of cardiovascular diseases, technological advancements and availability of more efficient and minimally invasive devices in future are driving the cardiac assist devices market.
The devices are normally used in patients suffering from End-Stage Congestive Heart Failure, where the chances of survival through medications alone is minimal. The scarcity of donor organs has steered to the development of these devices. The approval of novel technologically advanced products will further increase the demand for cardiac assist devices in the future. Furthermore, lack of donor hearts for transplantation is also driving the cardiac assist devices implantations in patients with severe heart complications, thereby increasing the market opportunities.
Existence of alternative treatment like pacemaker, heart transplantation and the risks associated with the device implantation, such as respiratory failure, development of blood clots and device failure restrain the market growth. Adding to these, surgical impediments such as kidney failure, bleeding, Infection and occurrence of stroke are also acting as a barrier in the adoption of such devices.
The Middle-East & Africa cardiac assist devices market is segmented on the basis of type into Ventricular Assist Devices (VAD), Intra-Aortic Balloon Pumps (IABP) & Total Artificial Heart (TAH). Further the Ventricular Assist Devices is divided into Right Ventricular Assist Device (RVAD), Left Ventricular Assist Device (LVAD), Bi-Ventricular Assist Device (Bi-VAD) & External Ventricular Assist Devices.
In addition, on the basis of geography, the Middle-East & Africa market is segmented into two regions, each representing Middle-East and African Countries. The Middle-East & Africa region accounts to about 4% of the Global cardiac assist devices market.
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.
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