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Pulished Date April, 2021
ID: 19
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Middle East & Africa Cardiac Assist Devices Market Research Report – Segmented By Type and Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA) - Size, Share, Trends & Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 19
Pages: 138

MEA Cardiac Assist Devices Market Size (2021 to 2026)

The Middle East & Africa Cardiac Assist Devices Market size was estimated at USD 171.10 Million in 2021. It is forecasted to be worth USD 240.31 Million by 2026, growing at a CAGR of 7.03% from 2021 to 2026.

There are patients with a problem of a weak heart that needs help in beating the heart. To avoid heart failure, cardiac assist devices come into action and help beat the heart artificially.

Y-O-Y growth in the prevalence of cardiovascular diseases in MEA is one of the major factors promoting the development of the cardiac assist devices market in this region. The governments operating in MEA are also supporting the market by taking new initiatives to support the patients who can't afford the surgery by introducing reimbursement policies and offering free surgeries. These are increasing awareness among the people and growing demand for cardiac assist devices. The awareness about donating their heart is not popular because of their religious beliefs. This helps the people to turn towards the help of cardiac assist devices. Cardiac assist devices play an essential role in supporting the heart after the transplantation procedure. This is expected to help the market grow in the future.

The elderly population is expected to increase significantly in the Middle East and Africa, supporting the growth of cardiac assist devices in this region. The increasing investments from the key players are helping the research and development department conduct their work exponentially and improve the cardiac assist devices' working by adding new advancements into the equipment. These are creating new opportunities for the cardiac assist devices market. The increase in recent technological advances and treatment methods are factoring in the growth of the MEA cardiac assist devices market. 

The key factors that are hampering the market's growth are clotting of the blood and skin infections due to cardiac assist devices. Manufacturing and installing the equipment are very costly, and the working of the equipment is complicated. As the procedure is complex, the skilled people to do the treatment are scarce. Upgrading to the latest equipment is also a complicated procedure. Since it is a complex procedure, it should be done by a skilled person. This is the primary restraint to the growth of the MEA cardiac assist devices market.

This research report on the Middle East and Africa cardiac assist devices market has been 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: 

  • KSA
  • UAE
  • Israel
  • rest of GCC countries
  • South Africa
  • Ethiopia
  • Kenya
  • Egypt
  • Sudan
  • rest of MEA

Geographically, the MEA cardiac assist devices market accounted for a moderate share in the global market in 2020. Still, the scenario is expected to change, and the MEA market is expected to grow at a healthy CAGR during the forecast period. Key factors helping the cardiac assist market in the Middle East and Africa are the new features of their devices and the growing elderly population. The rise in cardiovascular diseases is also one of the factors helping the growth of cardiac assist devices in the Middle East and Africa. Adding new features and the efficiency of their devices are also said to increase.

Surviving heart failure only based on medicines is very hard. Therefore, these devices are generally used to help patients survive heart failure. The decreasing organ donations and advancement of new technology and more efficient treatments are expected to boost the growth of the cardiac assist devices market in the coming years.

The Middle East dominated the MEA Cardiac Assist Devices Market in 2020 owing to the increasing number of heart patients and new technological advancements.

KEY MARKET PLAYERS:

Thoratec Corporation, MAQUET GmbH & Co, Teleflex Incorporated, Berlin Heart GmbH, Abiomed, Inc., HeartWare International, SynCardia Systems, Inc, 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., and Evaheart Medical USA, 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                

2. 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                          

3. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 New Developments                

4. 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               

5. 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)

6. Geographical Analysis                                              

                6.1 Introduction                              

                6.2 Middle East                

                6.3 Africa                            

7.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      

8.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                              

9.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                          

10.Expert Opinions                                         

                10.1 Market Outlook                     

                10.2 Investment Opportunities                 

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • 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. Middle East & Africa Cardiac Assist Devices Market, By Region, From 2021 to 2026 (USD Million)
  2. Middle East & Africa Cardiac Assist Devices Market, By Type, From 2021 to 2026 (USD Million)
  3. Middle East & Africa Ventricular Assist Devices (VAD) Market, By Region, From 2021 to 2026 (USD Million)
  4. Middle East & Africa Intra-Aortic Balloon Pumps (IABP) Market, By Region, From 2021 to 2026 (USD Million)
  5. Middle East & Africa Total Artificial Heart (TAH) Market, By Region, From 2021 to 2026 (USD Million)
  6. Middle East & Africa Ventricular Assist Devices (VAD) Market, By Type, From 2021 to 2026 (USD Million)
  7. Middle East & Africa Right Ventricular Assist Device (RVAD) Market, By Region, From 2021 to 2026 (USD Million)
  8. Middle East & Africa Left Ventricular Assist Device (LVAD) Market, By Region, From 2021 to 2026 (USD Million)
  9. Middle East & Africa Bi-Ventricular Assist Devices Market, By Region, From 2021 to 2026 (USD Million)
  10. Middle East & Africa External Ventricular Assist Devices Market, By Region, From 2021 to 2026 (USD Million)
  11. Middle East Cardiac Assist Devices Market, By Type, From 2021 to 2026 (USD Million)
  12. Africa Cardiac Assist Devices Market, By Type, From 2021 to 2026 (USD Million)
  13. Middle East Ventricular Assist Devices (VAD) Market, By Type, From 2021 to 2026 (USD Million)
  14. Africa Ventricular Assist Devices (VAD) Market, By Type, From 2021 to 2026 (USD Million)

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