(PharmaNewsWire.Com, March 09, 2017 ) According to the report Asia-Pacific Cardiac Assist Device Market, published by Market Data Forecast, the Asia-Pacific market was worth $264.4 million in 2015 and is projected to reach $386.9 million with CAGR of 7.91% by 2020
Cardiac assist devices are designed to assist or replace the natural heart. These devices can be used as short‐term therapy, bridge to transplantation, and as permanent cardiac support. Cardiac Assist devices have been developed to overcome the scantiness of donor and meet the demands of organs. These devices are used for the patients are less likely able to recover solely on medicines.
Asian countries and regions such as Japan, Korea, and China have greater mortality and morbidity from stroke than from coronary heart disease. The scarcity of donor organs due to less awareness about organ donation campaign and cultural beliefs has furthered steered to the development of these devices. As new novel technologically, advanced products are being introduces this will further upsurge demand for cardiac assist devices in the near future.
Younger generation leading stressful unhealthy lifestyle is causing heart problem to them at a younger age has increased the use of these devices which has led to the growth of this market. Increased government expenditure on healthcare and availability of more efficient and minimally invasive devices in future are driving the cardiac assist devices market.
Segmentation By Type Ventricular Assist Device. Right Ventricular Assist Device. Left Ventricular Assist Device. Bi-Ventricular Assist Device. External Ventricular Assist Devices. Intra-Aortic Balloon Pump. Total Artificial Pump By Geography
Thoratec Corporation, Teleflex Incorporated, MAQUET GmbH & Co, Berlin Heart GmbH, Abiomed, Inc., HeartWare International, SynCardia Systems, Inc. are the leading market players in the Asia-pacific Cardiac Assist Devices 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., Leviticus Cardio Ltd.
The Asia-Pacific Cardiac Assist Devices Market study offers following deliverables: Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions those are still untapped. Segment-level analysis in terms of technology, component, and type along with market size forecasts and 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 the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis. Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analyzing the level of competition and business strategy development. A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, 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. An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions. Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
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