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Asia Pacific Cardiac Assist Devices Market Research Report – Segmented By Type & Country (India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC) - Size, Share, Trends & Growth Forecasts (2022 to 2027)

Published: January, 2022
ID: 17
Pages: 136

APAC Cardiac Assist Devices Market Size & Growth (2022 to 2027):

The Size of the APAC Cardiac Assist Devices Market was valued at USD 363.72 Million in 2022, and it is predicted to be worth USD 532.20 Million by 2027, growing at a CAGR of 7.91% from 2022 to 2027.

The primary function of cardiac assist technology is to help the patients who are suffering from a weak heart, in which cases the heart's pumping is hard for them. However, with increasing problems with heart failures, the government has taken some new initiatives like introducing policies like reimbursement.

The government is also helping by spreading awareness in people by conducting camps about heart failures and the advantages of cardiac assist devices. The attention in people to have a healthy heart is driving the market. In addition, the use of cardiovascular devices increases with the increase in the elderly population, driving the growth of the APAC cardiac assist devices market.

The elderly population is also considering the cardiac assist devices with growing awareness. These are increasing the demand for cardiac assist devices. In addition, advanced technology is making cardiac assist devices easy. When a heart transplantation surgery is completed, the heart requires some time to stabilize and work efficiently. Until then, cardiac assist devices are used. These are the main reason behind the increase in demand for the APAC Cardiac Assist Market.

With growing investments from key players and support from the government, the research and development department has introduced new technological advancements to cardiac assist devices, making the use of cardiac assist devices easy and new methods in the treatment procedures. These helped with the growth of the APAC Cardiac Assist Devices Market significantly.

The main drawbacks for the growth of the APAC cardiac assist devices market are problems like blood clots and bleeding procedures. Furthermore, the cost of the equipment is also hampering the development of the market. In addition, the number of qualified people to handle the equipment to upgrade and work on the degrades is decreasing. These are the significant factors that are hindering the growth of the market.

This research report on the Asia Pacific Cardiac Assist Devices Market segmented and sub-segmented into the following categories:

By Type:

  • Ventricular Assist Devices (VAD)
    • Right Ventricular Assist Device (RVAD)
    • Left Ventricular Assist Device (LVAD)
    • Bi-Ventricular Assist Device (Bi-VAD)
    • External Ventricular Assist Devices
  • Intra-Aortic Balloon Pumps (IABP)
  • Total Artificial Heart (TAH)

By Country:

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Indonesia
  • Singapore
  • Rest of APAC

The cardiac assist devices are majorly used in heart failure problems or cases of transplantation for stability. The countries like Japan's cardiac assist devices market and South Korea's cardiac assist devices market are expected to have a higher mortality rate due to heart failures. This is because taking care of heart failure only with medicines is very low.

Organ donations are decreasing because of less awareness in people, and some religious beliefs increase the demand for cardiac assist devices. However, advanced technologies are helping in taking the data about the working potential of the heart and controlling the assistance from the device.

The China cardiac assist devices market is expected to grow significantly due to the increase in the elderly population is at 255 million by 2022. Therefore, it is causing a significant amount of growth in the market. In addition, the government is taking new initiatives and helping with the awareness among people about cardiovascular diseases and the uses of cardiac assist devices, increasing the number of players in the market.

KEY MARKET PLAYERS

Companies leading in the Asia Pacific cardiac assist devices market profiled in the report are Thoratec Corporation, MAQUET GmbH & Co, Teleflex Incorporated, Berlin Heart GmbH, Braile Biomedica Ltd., Calon Cardio-Technology Ltd., CardiacAssist, Inc., CardioBridge GmbH, Carmat SAS, Cleveland Heart, Inc, HeartWare International, SynCardia Systems, Inc, Jarvik Heart, Inc., and Terumo Corporation. BiVacor Pty Ltd, Evaheart Medical USA, Inc., Leviticus Cardio Ltd, CorAssist Cardiovascular Ltd, Abiomed, Inc.,

  1. Introduction

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

  1. Research Methodology

                2.1 Introduction                               

                2.2 Analysis Design                         

                2.3 Research Phases                      

                                2.3.1 Secondary Research           

                                2.3.2 Primary Research 

                                2.3.3 Econometric Modelling      

                                2.3.4 Expert Validation  

                2.4 Study Timeline                          

  1. Overview

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 New Developments                               

  1. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

  1. Market Segmentation

                5.1 APAC Cardiac Assist Devices Market, by Type                            

                                5.1.1 Ventricular Assist Devices (VAD)   

                                                5.1.1.1 Right Ventricular Assist Device (RVAD

                                                5.1.1.2 Left Ventricular Assist Device (LVAD)

                                                5.1.1.3 Bi-Ventricular Assist Device (Bi-VAD

                                                5.1.1.4 External Ventricular Assist Devices

                                5.1.2 Intra-Aortic Balloon Pumps (IABP)                

                                5.1.3 Total Artificial Heart (TAH)

  1. Geographical Analysis

                6.1 Introduction                               

                6.2 China                             

                6.3 India                              

                6.4 Japan                            

                6.5 South Korea                               

  1. Strategic Analysis

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

  1. Market Leaders' Analysis

                8.1 Thoratec Corporation                             

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Strategic Evaluation and Operations            

                                8.1.4 Financial analysis  

                                8.1.5 Legal issues             

                                8.1.6 Recent Developments       

                                8.1.7 SWOT analysis       

                                8.1.8 Analyst View          

                8.2 Berlin Heart GmbH                  

                8.3 Abiomed, Inc                             

                8.4 HeartWare International                      

                8.5 Jarvik Heart, Inc                        

                8.6 Terumo Corporation                               

                8.7 Calon Cardio-Technology Ltd.                             

                8.8 CardiacAssist, Inc.                    

                8.9 CardioBridge GmbH                

                8.10 Carmat SAS                              

  1. Competitive Landscape

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

  1. Expert Opinions

                10.1 Market Outlook                     

                10.2 Investment Opportunities                 

     Appendix                                           

  1. List of Tables
  2. List of Figures
  1. Asia-Pacific Cardiac Assist Devices Market, By Region, From 2022 - 2027 (USD Million)
  2. Asia-Pacific Cardiac Assist Devices Market, By Type, From 2022 - 2027 (USD Million)
  3. Asia-Pacific Ventricular Assist Devices (VAD) Market, By Region, From 2022 - 2027 (USD Million)
  4. Asia-Pacific Intra-Aortic Balloon Pumps (IABP) Market, By Region, From 2022 - 2027 (USD Million)
  5. Asia-Pacific Total Artificial Heart (TAH) Market, By Region, From 2022 - 2027 (USD Million)
  6. Asia-Pacific Ventricular Assist Devices (VAD) Market, By Type, From 2022 - 2027 (USD Million)
  7. Asia-Pacific Right Ventricular Assist Device (RVAD) Market, By Region, From 2022 - 2027 (USD Million)
  8. Asia-Pacific Left Ventricular Assist Device (LVAD) Market, By Region, From 2022 - 2027 (USD Million)
  9. Asia-Pacific Bi-Ventricular Assist Devices Market, By Region, From 2022 - 2027 (USD Million)
  10. Asia-Pacific External Ventricular Assist Devices Market, By Region, From 2022 - 2027 (USD Million)
  11. China Cardiac Assist Devices Market, By Type, From 2022 - 2027 (USD Million)
  12. India Cardiac Assist Devices Market, By Type, From 2022 - 2027 (USD Million)
  13. Japan Cardiac Assist Devices Market, By Type, From 2022 - 2027 (USD Million)
  14. South Korea Cardiac Assist Devices Market, By Type, From 2022 - 2027 (USD Million)
  15. China Ventricular Assist Devices (VAD) Market, By Type, From 2022 - 2027 (USD Million)
  16. India Ventricular Assist Devices (VAD) Market, By Type, From 2022 - 2027 (USD Million)
  17. Japan Ventricular Assist Devices (VAD) Market, By Type, From 2022 - 2027 (USD Million)
  18. South Korea Ventricular Assist Devices (VAD) Market, By Type, From 2022 - 2027 (USD Million)

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