Middle East and Africa Heart Pump Devices Market, By Product (Ventricular Assist Devices (VADs), Intra-aortic Balloon Pumps (IABPs), Total Artificial Heart (TAH)), Type (Implantable Heart Pump Devices, Extracorporeal Heart Pump Devices), Therapy (Bridge-to-transplant (BTT), Bridge-to-candidacy (BTC), Destination Therapy (DT), Other Therapies), Country (South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa)- Industry Trends and Forecast to 2028.
Market Analysis and Insights : Middle East and Africa Heart Pump Devices Market
The heart pump devices market is expected to witness market growth at a rate of 15.50% in the forecast period of 2021 to 2028. 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 rise in the prevalence of target diseases globally is escalating the growth of heart pump devices market.
Heart failure refers to a condition where heart fails to pump enough blood to meet the body's requirements. The condition may arise due to numerous reasons such as atrial fibrillation, pre-myocardial infarction (heart attack), high blood pressure and heart disease among others. The device is implanted surgically and utilized in humans with low heart or irregular blood flow.
The rise in the prevalence of cardiovascular diseases among population across the globe, acts as one of the major factors driving the growth of heart pump devices market. The rise in demand for highly efficient procedures among people, surge in research and development spending for developing innovative and technologically advanced products and growth in geriatric population accelerate the market growth. The huge gap between the demand and supply of donor hearts and the increase of regulatory approval of several new and advanced heart pump devices further influence the market. Additionally, increasing demand for better healthcare facilities, growing awareness about heart diseases and rise in patient pool globally positively affect the heart pump devices market. Furthermore, technological advancements and emerging nations extend profitable opportunity to the market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the heart pump devices and implantation procedures is expected to obstruct the market growth. Limited reimbursement for heart pump devices for destination therapy is projected to challenge the heart pump devices market in the forecast period of 2021-2028.
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.
Heart Pump Devices Market Scope and Market Size
The heart pump devices market is segmented on the basis of product, type and therapy. 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 is segmented into ventricular assist devices (VADs), intra-aortic balloon pumps (IABPs) and total artificial heart (TAH). Ventricular assist devices (VADs) are further segmented into left ventricular assist devices (LVADs), right ventricular assist devices (RVADs), bi-ventricular assist devices (BiVADs) and percutaneous ventricular assist devices (PVADs).
- 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.
Middle East and Africa Heart Pump Devices Market Country Level Analysis
The heart pump devices market is analyzed and market size insights and trends are provided by country, product, type and therapy as referenced above.
The countries covered in the Middle East and Africa heart pump devices market report are South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa.
Middle East and Africa is expected to witness significant growth in heart pump devices market during the forecast period of 2021 to 208 because of the increasing incidence of cardiac diseases and favorable regulatory approval and reimbursement procedure within the region.
The country section of the heart pump devices market 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 2010-2019.
Competitive Landscape and 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.
The major players covered in the heart pump devices market report are Abbott, Getinge AB., Teleflex Incorporated., ABIOMED, Berlin Heart, BiVACOR Inc, Calon Cardio, Cardiac Assist, Inc, Jarvik Heart, Inc., NIHON KOHDEN CORPORATION., Koninklijke Philips N.V., General Electric Company, Siemens, Compumedics Limited, Medtronic, CAS Medical System, Inc., Advanced Brain Monitoring, Inc., and BrainScope Company Inc, among other players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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