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Europe Cardiac Assist Devices Market Analysis Reports 2018-2023


(PharmaNewsWire.Com, October 03, 2018 ) In the year 2018, Europe Cardiac Assist Devices Market was valued at USD 505.59 Million. By the year 2023, it is expected to reach USD 505.59 Million at pace of 8.72% CAGR.

Cardiac Assist Devices (CAD) is a type of mechanical pump that works with the heart to improve pump efficiency and maintain optimal blood flow throughout the body. These devices are designed to play the role of the heart when it weakens and helps it to function normally. The cardiac assist devices are classified into three types: intra-aortic balloon pumps (IAP), total artificial heart and ventricular assist devices.

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Underlying Causes

The growth for Cardiac Assist Devices Market is driven due to factors like increasing prevalence of cardiovascular diseases, growing aging and obese population, high consumption of unhealthy food, rising healthcare expenditure, and growing adoption of cardiac assist devices. In addition, increasing investments for R&D activities, technological development in medical sector, and introduction of advanced devices are expected drive the market growth. However, high costs of the devices, availability of alternative treatments, and risk associated with device implantation is expected to hinder the growth rate for Europe Cardiac Assist Devices Market during the forecast period.

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Geographic Segmentation:

Based on geography the Europe Cardiac Assist Devices Market has been primarily divided into United Kingdom, France, Spain, Italy and Germany. Europe holds the second position in Cardiac Assist Devices Market during the forecast period.

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Key Players:

Leading companies for Europe Cardiac Assist Devices market are Jarvik Heart, Inc. and Terumo Corporation. Braile Biomedica Ltd., CardiacAssist, Inc., CardioBridge GmbH, Carmat SAS, Cleveland Heart, Inc., CorAssist Cardiovascular Ltd., Evaheart Medical USA, Inc., Leviticus Cardio Ltd., and MyoCardioCare, Inc.

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