Ventricular Assist Devices Market - Opportunity Analysis and Industry Forecast, 2017-2023
The study provides an in-depth analysis of the market with current trends and future estimations to elucidate the imminent investment pockets.
Pune, Maharashtra -- (SBWire) -- 08/30/2017 --Ventricular assist devices (VADs) are essentially supporting pumps that assist the weak lower chambers of the heart to pump blood to body parts. In case of patients with weak hearts, VADs help in maintaining the blood flow from a weak lower chamber to the aorta and the other body parts. The control unit and the battery pack of VADs are typically placed outside the body.
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The global VADs market is driven by factors such as growing incidence of cardiac disorders across the globe, new technological advancements in VADs, awareness among patients about treatment options for management of cardiac disorders, and presence of high, unmet medical needs in developing and under-developed regions. However, the market is restrained by limited insurance coverage, and high cost of these devices (especially in developing nations). The emerging economies of Asia-Pacific and LAMEA are expected to provide numerous opportunities for market growth during the forecast period.
The report segments the market based on product, application, design, end-user, and geography. Based on product, the market is divided into left ventricular assist devices, right ventricular assist devices, and biventricular assist devices. VADs find their application in BTT and BTD therapies, destination therapy, and BTR therapy. Based on design, the market is segmented into percutaneous VADs and implantable VADs. The prominent end-users of VADs are hospitals and ambulatory surgical centers.
Ventricular Assist Devices Market Key Segments
By Product
- Left Ventricular Assist Devices (LVADs)
- Right Ventricular Assist Devices (RVADs)
- Biventricular Assist Devices (BIVADs)
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By Application
- BTT and BTD Therapies
- Destination Therapy
- BTR Therapy
By Design
- Percutaneous Ventricular Assist Devices
- Implantable Ventricular Assist Devices
By End User
- Hospitals
- Ambulatory Surgical Centers (ASCs)
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