Future Market Insight’s (FMI’s) latest study published on the Cardiac Assist Devices market provide insights into key factors uplifting the sales over the next ten years.
Globally increasing rates of heart failure have led to a rise in demand for cardiac assist devices. According to Future Market Insights (FMI), the market for cardiac assist devices is expected to have grown steadily between 2016 and 2020, at a CAGR of 5.64%.
With ventricular assist devices (VAD) holding a market share of more than 62% worldwide. It provides unbiased analysis on key trends, drivers, and opportunities across key segments, the report also provides strategic analysis on the incumbents, existing players, and leading players operating in the Cardiac Assist Devices market.As per comprehensive research conducted by ESOMAR-certified consulting firm FMI, the global Cardiac Assist Devices market is projected to witness robust growth during the forecast year 2021-2031. The report emphasizes on providing key insights into diverse features including demand, product developments, revenue generation, and sales in the Cardiac Assist Devices market.
Future Market Insights (FMI), a Leading Market Research and Competitive Intelligence Provider Offers Exhaustive Analysis on Key Factors Burgeoning the Sales in the Global Cardiac Assist Devices Market over the Assessment Period (2021-2031)
The study offers a detailed analysis of dynamics including driver, restraints, opportunities, and challenges, and also highlights their consequent impact on the market.
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Advent of Telehealth and Virtual Care to Create Tailwind for the Cardiac Assist Devices Market Growth
Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.
During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.
Since the outbreak, telehealth have gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Cardiac Assist Devices market.
Key Cardiac Assist Devices Market Takeaways and Projections
The U.S. is estimated to continue dominating the North America market, projecting fastest growth in the region through 2031.
Germany Cardiac Assist Devices market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2021 and 2031.
China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.
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Report Benefits & Key Questions Answered
Cardiac Assist Devices Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Cardiac Assist Devices market. It also studies the impact of these dynamics on the market for the previous assessment period 2016-2020 to forecast the scope of market growth over the coming forecast period 2021-2031.
Cardiac Assist Devices Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Cardiac Assist Devices market. As per the survey, Cardiac Assist Devices sales will project steady growth over the forecast period.
Cardiac Assist Devices Market Structure Analysis: The report provides detailed information about market the concentration of key players and tier analysis in the Cardiac Assist Devices market. It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
Cardiac Assist Devices Category & Segment Level Analysis: FMI’s category & segment level analysis provides insights into key factors affecting the market growth across various segments in terms of (segment 1), (segment 2), and (segment 3). It also uncovers critical opportunities across each segment to assist key players to capitalize on the,
Cardiac Assist Devices Market Trend Analysis: FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.
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Competitive Landscape Analysis
The latest study conducted by FMI provides in-depth insights into the global Cardiac Assist Devices market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Cardiac Assist Devices market.
Some of the prominent market players are profiled by FMI
- Terumo Corporation
- Medtronic PLC
- Abbott Laboratories
- Abiomed Inc.
- Teleflex Incorporated
- Maquet GmbH
- BerlinHeart GmbH
- Others
Cardiac Assist Devices Demand Analysis by Category
By Product Type:
- Ventricular Assist Devices (VAD)
- Left Ventricular Assist Device (LVAD)
- Right Ventricular Assist Device (RVAD)
- Biventricular Assist Device (BIVAD)
- External Ventricular Assist Devices
- Intra-Aortic Balloon Pump
By Modality Type:
- Transcutaneous
- Implantable
By End-User:
- Hospital
- Ambulatory Surgical Centers
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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