(PharmaNewsWire.Com, October 06, 2017 ) The Europe market for cardiac assist devices is estimated at $396.6 Million in 2016 and is poised to reach $602.4 Million by 2021, growing at a CAGR of 8.72%. Diseases of the heart and circulatory system (cardiovascular disease or CVD) are the main cause of death in Europe: accounting for over 4 million deaths each year. Nearly half (47%) of all deaths are from CVD (52% of deaths in women and 42% of deaths in men). The main forms of CVD are coronary heart disease (CHD) and stroke
To meet the increasing demand for cardiac therapies in the European countries, the Cardiac Assist Devices (CAD) are used in patients suffering from End-Stage Congestive Heart Failure, where the chances of survival through medications alone is minimal. These devices are used as a Bridge-To-Transplantation (BTT), Bridge-To-Recovery (BTR) or Destination Therapy (DT), depending on the requirement of the patient and the severity of the disease. Upsurge in the aging population in developed countries along with scarcity of donor organs have also added to the growing need for development of these devices. Various pipeline products are going through clinical trials and the approval of these novel technologically advanced products that are more efficient and minimally invasive will further increase the demand for cardiac assist devices in the future.
Existence of alternative treatment like pacemaker, heart transplantation and etc. and the associated compatibility issues 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 Europe 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.
Key points from TOC: Introduction Research Methodology Overview Drivers, Restraints, Opportunities, and Challenges Analysis (DROC) Market Segmentation Strategic Analysis Market Leaders' Analysis Competitive Landscape Market Outlook and Investment Opportunities
In addition, On the basis of geography, the European market is analysed under various regions namely, Spain, Germany, UK, France, Italy. The Europe region accounts to about 16% 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. Thoratec Corporation and Berlin Heart are the prominent players in the VAD segment whereas Teleflex and MAQUET are dominant players in the Intra-Aortic Balloon Pumps (IABP) segment. SynCardia is the foremost company to provide the only Food and Drug Administration (FDA) approved Total Artificial Heart (TAH).
Scope of the report: Global, 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 that 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 analysing 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
Some other potential players in the market include 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., MyoCardioCare, Inc.
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