Ventricular Assist Devices Market: By Product Type (Left Ventricular Assist Device, Right Ventricular Assist Device, Bi Ventricular Assist Device) & By Region (Europe, Asia-Pacific, North America, RoW)-Forecast 2019-2024
A ventricular assist device (VAD) can be defined as a mechanical pump which is used to support heart function and blood flow in people who have weakened hearts or cardiac problems. A ventricular assist device (VAD) takes blood from a lower chamber of the heart and helps pump it into the body and vital organs, just as a healthy heart would. Ventricular assist device (VAD) is used to support hearts during or after surgery until it recovers, or while a patient is waiting for a heart transplant or can be a long term solution for patients who are not eligible for heart transplant. Globally, an increasing old age population pool, increasing number of people with cardiac problems and technological advancement in healthcare practices are expected to be the key growth drivers for VAD during the period of study.
Geographically, North America dominated the ventricular assist devices market driven by world class healthcare infrastructure with technological advanced practice, higher spending by citizens on healthcare, growing old age and cardiac patient pool, favourable government policies and presence of key industry players in the region. North America was followed by Europe and Asia-Pacific as second and third largest market for ventricular assist devices market. Asia Pacific is projected to have the fastest growth, owing to a rapidly developing medical infrastructure, increasing spending on healthcare and growing medical tourism in developing nations such as China and India in this region.
This report identifies the global ventricular assist devices market size for the years 2014-2016, and forecast of the same till the year 2022. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to the ventricular assist devices market.
Ventricular Assist Devices market research report is classified on the basis of product type. Some of the major product types covered in this report are as follows: Left Ventricular Assist Device, Right Ventricular Assist Device, Bi Ventricular Assist Device
This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region
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