Ventricular Assist Devices Market Analysis, Industry Size, Strategies and Forecast 2017-2025: Credence Research

Global ventricular assist devices market was valued at US$ 1,036.08 Mn in 2016, and is expected to reach US$ 2,323.41 Mn by 2025

The latest market report published by Credence Research, Inc. “Ventricular Assist Devices Market - Market Growth, Future Prospects, Competitive Analysis, 2017 - 2025,” the global ventricular assist devices market was valued at US$ 1,036.08 Mn in 2016, and is expected to reach US$ 2,323.41 Mn by 2025 expanding at a CAGR of 8.85% from 2017 to 2025.
Market Insights
According to the World Health Organization, approximately 17.7 million people died from cardiovascular complications in 2015, which represents 31% of all global deaths. Among these deaths, 7.4 million occurred due to coronary heart disease and 6.7 million due to stroke. Most of the cardiovascular diseases can be prevented by addressing behavioral risk factors such as tobacco use, unhealthy diet, obesity, physical inactivity and alcohol abuse, using population wide strategies.
Browse the full report Ventricular Assist Devices Market - Market Growth, Future Prospects, Competitive Analysis, 2017 – 2025 at http://www.credenceresearch.com/report/ventricular-assist-devices-market
Ventricular assist devices market is segmented into right ventricular assist device, left ventricular assist device and bi-ventricular assist device market. In 2016, the left ventricular assist devices segment is leading market due to factors such as rising number of patients suffering with cardiac complications like cardiomyopathy, stroke and class III & class IV heart failure waiting for a heart transplant. Right ventricular assist devices are anticipated to register faster growth throughout the forecast period 2017-2025 majorly due to rise in number of geriatric patients suffering with cardio-pulmonary complications like congestive heart failure and pulmonary hypertension.
Among the considered application areas, bridge to therapy (BTT) held the largest market for the base year 2016, majorly due to factors such as rising prevalence of congestive heart failure and increasing number of advanced heart failure patients awaiting heart transplantation. Additionally, bridge to destination (BTD) segment will be the fastest growing market throughout the forecast period 2017-2025, majorly due to factors such as non-eligibility of senescent patients for heart transplant, patients deemed too old and compromised immunity to undergo heart transplantation can survive with LVAD throughout their lifespan.
In 2016, North America held the largest revenue share chiefly due to factors such as rising prevalence of cardiovascular disease, existence of advanced healthcare and affordable reimbursement scenario. Asia Pacific will be the fastest growing market throughout the forecast period 2017-2025, majorly due to factors such as increasing patient pool suffering with cardiovascular complications, large population addicted to alcohol and smoking, unhealthy eating habits and stress; presence of major players involved in the manufacture of ventricular assist devices and increasing disposable income.
The ventricular assist device market is technologically driven and includes major players such as St. Jude Medical, LLC. HeartWare International, Inc., Reliant Heart, Thoratec Corporation, Abiomed, Berlin Heart, Inc., Cardiac Assist, Inc., Jarvik Heart, Inc., Sun Medical Technology Research Corp., Syncardia System, Inc. etc.
Key Market Movements:
- Rising prevalence of cardiovascular complications
- Constrained number of heart donors for heart transplant procedures
- Supportive regulatory approval for ventricular assist device products
- Higher disposable incomes in developing countries and rampant growth of primary healthcare centers performing cardiovascular surgical procedures
Request Sample: http://www.credenceresearch.com/sample-request/58590
About:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.
Media Contact
Name: Chris Smith
Address: 105 N 1st ST #429,
SAN JOSE, CA 95103 US
E-mail: sales@credenceresearch.com
Ph: 1-800-361-8290
Web: http://www.credenceresearch.com


Contact Details

Company Name: Credence Research
Issued By: Robson Tolson
Phone: 18003618290
Address: 105 N 1st ST #429, SAN JOSE, CA 95103, United States
City: SANJOSE
State: CALIFORNIA
Zip: 95103
Country: United States
Website: Visit the website

Keywords : ventricular assist devices market,

by Robson Tolson (few years ago!)

Latest Press Releases

The Mad Hatter Now Offer a Full Line of Hearth Products and Full Line of Grills

Diabetes Insulin Delivery Pens Market Research Report 2018

Dr Kapadia Provides Tips to Patients Interested in Hair Transplant Procedures

love vashikaran specialist

Solar Blanket Sales Market Report 2018

Spring Bottled Water Market Insights, Forecast to 2025

Biochemical Incubator Sales Market Report 2018

Quinine Sulphate Sales Market Report 2018

Automotive Chassisc System Market Insights, Forecast to 2025

2,6-Dicarboxypyridine market size in key regions like North America, Europe, Asia Pacific an..

Remove this press release ?

Due to extra work required to remove the press-releases we have started charging $1.99 for press release removal.

Your press release will be removed in 24 hours, once the payment has been received.

Search Press Release
e.g. Business, Computer, etc.