Europe Heart Pump Devices Market, By Product (Ventricular Assist Devices, Intra-Aortic Balloon Pumps, Total Artificial Heart), Type (Implantable Heart Pump Devices, Extracorporeal Heart Pump Devices), Therapy (Bridge-To-Candidacy (BTC), Bridge-To-Transplant (BTT), Destination Therapy (DT), Other Therapies), End User (Hospitals, Ambulatory Surgical Centers, Clinics, Research Institutes), Country (Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Rest of Europe) Industry Trends and Forecast to 2029.
Market Analysis and Insights: Europe Heart Pump Devices Market
The heart pump devices market is expected to witness market growth at a rate of 12.86% in the forecast period of 2022 to 2029. Data Bridge Market Research report on heart pump devices market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the advancements in the healthcare sector globally is escalating the growth of heart pump devices market.
Heart pump systems refer to the type of medical device that is used to improve blood flow in the heart. Ventricular help gadget is most commonly used term in heart pump. Right ventricular assistance device (RVAD), left ventricular assistance device (LVAD), and the biventricular assistance device (BiVAD) are few types of heart pumps.
The rise in the prevalence of cardiovascular diseases across the region acts as one of the major factors driving the growth of heart pump devices market. The surge in the investments, funds, and grants for research on heart failure treatment, and long waiting periods for heart transplant procedures accelerate the market growth. The presence of favorable reimbursements for heart pump devices and increase in the prevalence of obesity further influence the market. Furthermore, increase in the number of product approvals extend profitable opportunity to the market players in the forecast period of 2022 to 2029.
On the other hand, issues with LVAD implantations and lack of funding for destination therapy are expected to obstruct the market growth. Frequent product recalls and stringent regulatory requirements delaying the approval of cardiac devices are projected to challenge the heart pump devices market in the forecast period of 2022-2029.
This heart pump devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on heart pump devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Europe Heart Pump Devices Market Scope and Market Size
The heart pump devices market is segmented on the basis of product, type, therapy and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the heart pump devices market has been segmented into ventricular assist devices, intra-aortic balloon pumps and total artificial heart. The ventricular assist devices segment is further classified into left ventricular assist devices, right ventricular assist devices, bi-ventricular assist devices and percutaneous ventricular assist devices.
- On the basis of type, the heart pump devices market is segmented into implantable heart pump devices and extracorporeal heart pump devices.
- On the basis of therapy, the heart pump devices market is segmented into bridge-to-transplant (BTT), bridge-to-candidacy (BTC), destination therapy (DT) and other therapies.
- On the basis of end user, the heart pump devices market is segmented into hospitals, ambulatory surgical centers, clinics and research institutes.
Europe Heart Pump Devices Market Country Level Analysis
The heart pump devices market is segmented on the basis of product, type, therapy and end user.
The countries covered in the Europe heart pump devices market report are Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Austria, Norway, Hungary, Lithuania, Ireland, Poland and Rest of Europe.
Germany dominates the Europe heart pump devices market due to the technological advancements in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The heart pump devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for heart pump devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on heart pump devices market. The data is available for historic period 2010-2020.
Competitive Landscape and Europe Heart Pump Devices Market Share Analysis
The heart pump devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to heart pump devices market.
Some of the major players operating in the heart pump devices market report are Abbott, Getinge AB, Teleflex Incorporated, ABIOMED, Berlin Heart, BiVACOR Inc., Calon Cardio, CardiacAssist, Inc., Jarvik Heart, Inc., Medtronic, ReliantHeart Inc., SynCardia Systems, LLC, and Terumo Corporation, among others.
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