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Pulished Date February, 2020
ID: 11
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Global Cardiac Assist Devices Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Type & Region - Industry Forecast (2020 to 2025)

Pulished: February, 2020
ID: 11
Pages: 176

Cardiac Assist Devices Market Size (2020 to 2025)

The global cardiac assist devices market size is estimated at USD 1813.6 Million in 2020 and is poised to reach USD 2728.7 Million by 2025, growing at a CAGR of 8.451%.

MARKET DRIVERS:

Y-O-Y growth in the incidences of cardiovascular devices is solely promoting the global cardiac assist devices market growth.

Cardiac assist devices are used as mechanical pumps for patients with weak hearts and reduce the risk of death due to heart failure, which is a dominant factor influencing the growth of the cardiac assist devices market. Changes in the schemes by the government and introduction or reimbursement policy in support to the common people to have heart surgeries free of cost drive the growth of the market. The rise in the concern towards health is also one of the factors accelerating the market's demand. The decreasing number of heart donors drives the growth rate of the cardiac assist devices market to the extent. Cardiac assist devices promote assistance until the heart gets recovers after the transplantation, and also, it is a long-term device. The attribute, as mentioned above, is making the market share expand.

The growing aging population across the world is creating chances for the global cardiac assist devices market. Rising research and development institutes in the medical sector are also fueling the demand of the market. Also, focusing on developing new devices and adding advanced features for the existing devices is lucrative for setting up growth opportunities for the cardiac assist devices market. Increasing demand for novel treatment procedures is surging the growth rate of the cardiac assist device market. The rise in the need to increase the survival rate is elevating the growth rate of the market. 

MARKET RESTRAINTS:

However, increasing risk factors during blood clots and bleeding procedures is undoubtedly a restraining factor for the global cardiac assist devices market to grow. The cost of installing the equipment is a bit expensive, which is slowly hindering the market's growth rate. The shortage of skilled persons in performing the procedure with the latest equipment is degrading the market's growth. The procedure is a complicated thing and should be done under some experts' guidance with specially designed equipment. It remained an as challenging factor for the growth of the cardiac assist device market.

Impact of COVID-19 on the global cardiac assist devices market:

Covid-19 announced as a global pandemic and emergence of the healthcare industry by the World Health Organization. COVID-19 was first arrived as a regional pandemic and became a global pandemic. COVID-19 is an infectious disease that spreads quickly from person to person; to control the transmission, all the governments had imposed nationwide lockdown and a ban on transportation modes. The pandemic had affected all sectors of the economy except in the case of the healthcare sector. 

The sudden emergence of the outbreak had kept many lives at risk. During the COVID-19 period, the widespread had increased the positive cases rapidly. The cardiac assist devices market has a supply chain globally; due to the nationwide lockdown, the supply chain had been stopped. The manufacturers of cardiac assist devices had stopped due to the workforce's unavailability and strict nationwide lockdown. Many concerning activities on cardiac devices had been stopped during the first quarter of 2020.

However, the uplift of lockdown has positively impacted the market growth, the ban on transportation was lifted, and the supply chain has been resumed. The COVID-19 infected young patients suffering from idiopathic cardiomyopathy treated for acute multi-organ failure require cardiac surgery. As per the reports, young pre-diseased patients show that the covid-19 directly affects pre-diseased hearts but can be treated with LVAD implantation (left ventricular assist device); the cardiac diseases led to the increase in the demand for cardiac assist devices. Hence, manufacturers in the industry are manufacturing the devices to meet the needs of the patients and hospitals. Despite the negative impact created by the COVID-19 at the earlier period of 2020, the market is anticipated to witness the largest market share in the coming years. 

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 to 2025

Base Year

2019

Forecast Period

2002 to 2025

Segments Covered

By Type and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia-Pacific, Latin America, Middle East & Africa

 

This research report has been segmented and sub-segmented the global cardiac assist devices market based on type and region.

Cardiac Assist Devices Market - 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)

Ventricular assist device (VAD) type is leading with the highest shares of the market. Increasing awareness of treatment procedures is gearing up the growth of the market. Rising support from the government through investments is leveraging the demand of the market.

Cardiac Assist Devices Market - By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

Geographically, North America is witnessed in holding the highest shares of the global cardiac assist devices market by increasing capita income in developed and developing countries. The Asia Pacific follows North America in leading shares of the market with the rise in the incidences of heart failure incidences. The increasing aging population and demand for effective treatment procedures at any cost are broadening the growth rate of the market. Europe is moving faster from recent years and is to hit the highest CAGR in the coming years. Increasing the construction activities of hospitals with the latest equipment is leveraging the demand of the market. The Middle East and Africa are anticipated to have inclined growth rates in foreseen years.

KEY MARKET PLAYERS:

Companies that are playing a dominating role in the global cardiac assist devices market profiled in the report are Thoratec Corporation, Berlin Heart GmbH, Abiomed, Inc., HeartWare International, Jarvik Heart, Inc., Terumo Corporation, Calon Cardio-Technology Ltd., CardiacAssist, Inc., CardioBridge GmbH, Carmat SAS.

Thoratec Corporation is the leading provider of Ventricular Assist Devices, which controls nearly half of the European Market. It also occupies a prime position in the US market, accounting for 75% of the market. MAQUET GmbH & Co occupies the second position with dominance on about 15% of the market.

  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 Global 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 North America                                          

                                6.1.1 Introduction                           

                                6.1.2 United States                         

                                6.1.3 Canada                     

                6.2 Europe                                         

                                6.2.1 Introduction                           

                                6.2.2 U.K                             

                                6.2.3 Spain                         

                                6.2.4 Germany                 

                                6.2.5 Italy                            

                                6.2.6 France                       

                6.3 Asia-Pacific                                 

                                6.3.1 Introduction                           

                                6.3.2 China                         

                                6.3.3 India                          

                                6.3.4 Japan                         

                                6.3.5 South Korea                           

                6.4 Latin America                                             

                                6.4.1 Introduction                           

                                6.4.2 Brazil                          

                                6.4.3 Argentina                

                                6.4.4 Mexico                     

                6.5 Middle East & Africa 

                                6.5.1 Introduction

                                6.5.2 Middle-East

                                6.5.3 Africa                                              

  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

  • 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 Porter’s 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
  1. Global Cardiac Assist Devices Market, By Region, From 2020 to 2025 (USD Million)
  2. Global Cardiac Assist Devices Market, By Type, From 2020 to 2025 (USD Million)
  3. Global Ventricular Assist Devices (VAD) Market, By Region, From 2020 to 2025 (USD Million)
  4. Global Intra-Aortic Balloon Pumps (IABP) Market, By Region, From 2020 to 2025 (USD Million)
  5. Global Total Artificial Heart (TAH) Market, By Region, From 2020 to 2025 (USD Million)
  6. Global Ventricular Assist Devices (VAD) Market, By Type, From 2020 to 2025 (USD Million)
  7. Global Right Ventricular Assist Device (RVAD) Market, By Region, From 2020 to 2025 (USD Million)
  8. Global Left Ventricular Assist Device (LVAD) Market, By Region, From 2020 to 2025 (USD Million)
  9. Global Bi-Ventricular Assist Devices Market, By Region, From 2020 to 2025 (USD Million)
  10. Global External Ventricular Assist Devices Market, By Region, From 2020 to 2025 (USD Million)
  11. North America Cardiac Assist Devices Market, By Region, From 2020 to 2025 (USD Million)
  12. North America Cardiac Assist Devices Market, By Type, From 2020 to 2025 (USD Million)
  13. North America Ventricular Assist Devices (VAD) Market, By Region, From 2020 to 2025 (USD Million)
  14. North America Intra-Aortic Balloon Pumps (IABP) Market, By Region, From 2020 to 2025 (USD Million)
  15. North America Total Artificial Heart (TAH) Market, By Region, From 2020 to 2025 (USD Million)
  16. North America Ventricular Assist Devices (VAD) Market, By Type, From 2020 to 2025 (USD Million)
  17. North America Right Ventricular Assist Device (RVAD) Market, By Region, From 2020 to 2025 (USD Million)
  18. North America Left Ventricular Assist Device (LVAD) Market, By Region, From 2020 to 2025 (USD Million)
  19. North America Bi-Ventricular Assist Devices Market, By Region, From 2020 to 2025 (USD Million)
  20. North America External Ventricular Assist Devices Market, By Region, From 2020 to 2025 (USD Million)
  21. United States Cardiac Assist Devices Market, By Type, From 2020 to 2025 (USD Million)
  22. Canada Cardiac Assist Devices Market, By Type, From 2020 to 2025 (USD Million)
  23. United States Ventricular Assist Devices (VAD) Market, By Type, From 2020 to 2025 (USD Million)
  24. Canada Ventricular Assist Devices (VAD) Market, By Type, From 2020 to 2025 (USD Million)
  25. Europe Cardiac Assist Devices Market, By Region, From 2020 to 2025 (USD Million)
  26. Europe Cardiac Assist Devices Market, By Type, From 2020 to 2025 (USD Million)
  27. Europe Ventricular Assist Devices (VAD) Market, By Region, From 2020 to 2025 (USD Million)
  28. Europe Intra-Aortic Balloon Pumps (IABP) Market, By Region, From 2020 to 2025 (USD Million)
  29. Europe Total Artificial Heart (TAH) Market, By Region, From 2020 to 2025 (USD Million)
  30. Europe Ventricular Assist Devices (VAD) Market, By Type, From 2020 to 2025 (USD Million)
  31. Europe Right Ventricular Assist Device (RVAD) Market, By Region, From 2020 to 2025 (USD Million)
  32. Europe Left Ventricular Assist Device (LVAD) Market, By Region, From 2020 to 2025 (USD Million)
  33. Europe Bi-Ventricular Assist Devices Market, By Region, From 2020 to 2025 (USD Million)
  34. Europe External Ventricular Assist Devices Market, By Region, From 2020 to 2025 (USD Million)
  35. U.K Cardiac Assist Devices Market, By Type, From 2020 to 2025 (USD Million)
  36. Spain Cardiac Assist Devices Market, By Type, From 2020 to 2025 (USD Million)
  37. Germany Cardiac Assist Devices Market, By Type, From 2020 to 2025 (USD Million)
  38. Italy Cardiac Assist Devices Market, By Type, From 2020 to 2025 (USD Million)
  39. France Cardiac Assist Devices Market, By Type, From 2020 to 2025 (USD Million)
  40. U.K Ventricular Assist Devices (VAD) Market, By Type, From 2020 to 2025 (USD Million)
  41. Spain Ventricular Assist Devices (VAD) Market, By Type, From 2020 to 2025 (USD Million)
  42. Germany Ventricular Assist Devices (VAD) Market, By Type, From 2020 to 2025 (USD Million)
  43. Italy Ventricular Assist Devices (VAD) Market, By Type, From 2020 to 2025 (USD Million)
  44. France Ventricular Assist Devices (VAD) Market, By Type, From 2020 to 2025 (USD Million)
  45. Asia-Pacific Cardiac Assist Devices Market, By Region, From 2020 to 2025 (USD Million)
  46. Asia-Pacific Cardiac Assist Devices Market, By Type, From 2020 to 2025 (USD Million)
  47. Asia-Pacific Ventricular Assist Devices (VAD) Market, By Region, From 2020 to 2025 (USD Million)
  48. Asia-Pacific Intra-Aortic Balloon Pumps (IABP) Market, By Region, From 2020 to 2025 (USD Million)
  49. Asia-Pacific Total Artificial Heart (TAH) Market, By Region, From 2020 to 2025 (USD Million)
  50. Asia-Pacific Ventricular Assist Devices (VAD) Market, By Type, From 2020 to 2025 (USD Million)
  51. Asia-Pacific Right Ventricular Assist Device (RVAD) Market, By Region, From 2020 to 2025 (USD Million)
  52. Asia-Pacific Left Ventricular Assist Device (LVAD) Market, By Region, From 2020 to 2025 (USD Million)
  53. Asia-Pacific Bi-Ventricular Assist Devices Market, By Region, From 2020 to 2025 (USD Million)
  54. Asia-Pacific External Ventricular Assist Devices Market, By Region, From 2020 to 2025 (USD Million)
  55. China Cardiac Assist Devices Market, By Type, From 2020 to 2025 (USD Million)
  56. India Cardiac Assist Devices Market, By Type, From 2020 to 2025 (USD Million)
  57. Japan Cardiac Assist Devices Market, By Type, From 2020 to 2025 (USD Million)
  58. South Korea Cardiac Assist Devices Market, By Type, From 2020 to 2025 (USD Million)
  59. China Ventricular Assist Devices (VAD) Market, By Type, From 2020 to 2025 (USD Million)
  60. India Ventricular Assist Devices (VAD) Market, By Type, From 2020 to 2025 (USD Million)
  61. Japan Ventricular Assist Devices (VAD) Market, By Type, From 2020 to 2025 (USD Million)
  62. South Korea Ventricular Assist Devices (VAD) Market, By Type, From 2020 to 2025 (USD Million)
  63. Latin America Cardiac Assist Devices Market, By Region, From 2020 to 2025 (USD Million)
  64. Latin America Cardiac Assist Devices Market, By Type, From 2020 to 2025 (USD Million)
  65. Latin America Ventricular Assist Devices (VAD) Market, By Region, From 2020 to 2025 (USD Million)
  66. Latin America Intra-Aortic Balloon Pumps (IABP) Market, By Region, From 2020 to 2025 (USD Million)
  67. Latin America Total Artificial Heart (TAH) Market, By Region, From 2020 to 2025 (USD Million)
  68. Latin America Ventricular Assist Devices (VAD) Market, By Type, From 2020 to 2025 (USD Million)
  69. Latin America Right Ventricular Assist Device (RVAD) Market, By Region, From 2020 to 2025 (USD Million)
  70. Latin America Left Ventricular Assist Device (LVAD) Market, By Region, From 2020 to 2025 (USD Million)
  71. Latin America Bi-Ventricular Assist Devices Market, By Region, From 2020 to 2025 (USD Million)
  72. Latin America External Ventricular Assist Devices Market, By Region, From 2020 to 2025 (USD Million)
  73. Brazil Cardiac Assist Devices Market, By Type, From 2020 to 2025 (USD Million)
  74. Mexico Cardiac Assist Devices Market, By Type, From 2020 to 2025 (USD Million)
  75. Rest of Latin America Cardiac Assist Devices Market, By Type, From 2020 to 2025 (USD Million)
  76. Brazil Ventricular Assist Devices (VAD) Market, By Type, From 2020 to 2025 (USD Million)
  77. Mexico Ventricular Assist Devices (VAD) Market, By Type, From 2020 to 2025 (USD Million)
  78. Rest of Latin America Ventricular Assist Devices (VAD) Market, By Type, From 2020 to 2025 (USD Million)
  79. Middle East & Africa Cardiac Assist Devices Market, By Region, From 2020 to 2025 (USD Million)
  80. Middle East & Africa Cardiac Assist Devices Market, By Type, From 2020 to 2025 (USD Million)
  81. Middle East & Africa Ventricular Assist Devices (VAD) Market, By Region, From 2020 to 2025 (USD Million)
  82. Middle East & Africa Intra-Aortic Balloon Pumps (IABP) Market, By Region, From 2020 to 2025 (USD Million)
  83. Middle East & Africa Total Artificial Heart (TAH) Market, By Region, From 2020 to 2025 (USD Million)
  84. Middle East & Africa Ventricular Assist Devices (VAD) Market, By Type, From 2020 to 2025 (USD Million)
  85. Middle East & Africa Right Ventricular Assist Device (RVAD) Market, By Region, From 2020 to 2025 (USD Million)
  86. Middle East & Africa Left Ventricular Assist Device (LVAD) Market, By Region, From 2020 to 2025 (USD Million)
  87. Middle East & Africa Bi-Ventricular Assist Devices Market, By Region, From 2020 to 2025 (USD Million)
  88. Middle East & Africa External Ventricular Assist Devices Market, By Region, From 2020 to 2025 (USD Million)
  89. Middle East Cardiac Assist Devices Market, By Type, From 2020 to 2025 (USD Million)
  90. Africa Cardiac Assist Devices Market, By Type, From 2020 to 2025 (USD Million)
  91. Middle East Ventricular Assist Devices (VAD) Market, By Type, From 2020 to 2025 (USD Million)
  92. Africa Ventricular Assist Devices (VAD) Market, By Type, From 2020 to 2025 (USD Million)

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