San Francisco, CA -- (SBWire) -- 11/20/2018 --Heart Pump Device Market: Snapshot

Heart pump devices are essentially mechanical pumps playing the role of ventricular assist devices. These are surgically implanted and are used for temporarily supporting the functions of heart in people with weak heart or irregular blood flow. These devices are notably used as a bridge to cardiac transplantation for patients suffering with end stage heart failure. They can also be used in patients during and after surgery to help them recover fast. Heart pump devices have risen in clinical significance as a potential therapeutic option for several patients to get mechanical circulatory support. The growing morbidity and mortality of heart failure, particularly in developed nations, is a key factor driving the demand for ventricular assist devices.

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Rapid improvements in recent years in device designs are supporting the substantial expansion of the market. The growing number of approval for heart pump devices by regulatory agencies, notably the U.S. FDA, is imparting significant momentum to the growth of the market. The growing number of single-center and multi-center studies for testing efficacy of various types of heart pump devices augurs well for the market. Such studies also focus on assessing the impact of LVAD on heart transplant outcomes, taking into account any probable adverse outcomes.

Global Heart Pump Device Market: Overview

The device takes blood from a lower chamber of the heart and helps pump it to the body and vital organs, just as a healthy heart would. A heart pump may be used if one or both of the heart's lower chambers, called the ventricles don't work properly. The basic parts of a heart pump include: a small tube that carries blood out of your heart into a pump; another tube that carries blood from the pump to your blood vessels, which deliver the blood to your body; and a power source. The power source is connected to a control unit that monitors the pump's functions. The control unit gives warnings, or alarms, if the power is low or if it senses that the device isn't working right. Some heart pumps pump blood like the heart does, with a pumping action. Other devices keep up a continuous flow of blood.

Global Heart Pump Device Market: Key Trends

Rising prevalence of cardiovascular diseases, increasing number of regulatory approvals, and a huge gap between the demand and supply of donor hearts is driving the demand for heart pump devices. High growth in the ventricular assist devices market can be primarily attributed to the increased dependency on ventricular assist devices for the treatment of heart failure and technological advancements to improve the safety of these devices. The high cost of devices and implantation procedures and poor reimbursement scenario in developing countries is expected to restrain the growth of this market during the forecast period.

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Global Heart Pump Device Market: Market Potential

The continuously rapid advancements in the assist devices technologies and the novel applications of the existing treatments have led to an increase in the cardiac assist devices. In March 2015, FDA approved the Impella 2.5 System, which helps the patients in maintaining a stable heart function and circulation during certain high-risk percutaneous coronary intervention (HRPCI) procedures. Engineers are also exploring many other innovative solutions which helps in the implant success and is driving the cardiac assist devices market. Hence, the market is dependent upon the large number of innovations for growth.

Global Heart Pump Device Market: Regional Outlook

On the basis of geographical segmentation, the global heart pump devices market has been segmented into- Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. Among these, North America is expected to emerge as the leading region in the market and the large share of this region can primarily be attributed to the rising prevalence of cardiovascular diseases, favorable reimbursement scenario, and the increasing number of regulatory approvals.

Global Heart Pump Device Market: Competitive Analysis

Some of the prominent players operating in the global heart pump devices market are BerlinHeart, Medtronic, St. Jude Medical, Terumo, Jarvik Heart, SynCardia Systems, Getinge, Teleflex, and Abiomed.

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