Circulatory Support Devices Market By Product (Total Artificial Heart, Ventricular Assist Device, Extracorporeal Membrane Oxygenation), By Usage Area (Hospitals, Ambulatory Centers) - Growth, Future Prospects & Competitive Analysis, 2017 - 2025

Published By: Brisk Insights | Published On: Apr 19, 2022

 

Heart failure (HF) affects around 6 million Americans annually. Approximately 670,000 individuals have diagnosed with heart failure annually. It is the leading cause of death in comparison with cancer and other prolonged diseases. A mechanical circulatory support device enables the heart to work when it isn’t working at its best.

 

Nations with high-incomes are seeing an expanded occurrence of congestive heart failure issues because of the elevated adoption of the sedentary lifestyles leading to increased deaths due to heart failure. Other heart-related conditions, such as hypertension, coronary heart disease are also increasing globally. The high prevalence of congestive heart failure will boost the global circulatory support devices market in future. The surging number of patients experiencing congestive heart failure is driving the hospitalization rate across the globe.

 

In the American Heart Association/American College of Cardiology guidelines, heart failure is defined as “an intricate clinical syndrome that can outcome from any functional or structural cardiac disorder that damages the ability of the ventricle to fill or eject blood”. According to the Centers for Disease Control and Prevention (CDC), around 5.7 Mn individuals in the United States suffer from heart failure. Heart failure costs the nation an estimated 30.7 Bn each year, nearly half of the individuals who develop heart failure die within 5 years of diagnosis, hence it is expected that there is a rise in the demand of circulatory support devices in the future, which will further enhance the global market of circulatory support devices.

 

The tenacity of this study titled ‘Circulatory Support Devices Market - Future Prospects, Growth, and Competitive Analysis, 2017 – 2025’ is to offer investors, producers, business authorities and industry patrons with itemized investigation to permit them to take premeditated initiatives and resolutions related to the expectations in the global circulatory support devices market. This report offers and assesses the major circumstances prominent in the overall circulatory support devices market along with market size and forecast.

 

This report classifies the worldwide circulatory support devices market with respect to the usage areas, products, and geographical distribution. Depending on products types, the global circulatory support devices market is categorized into the total artificial heart (TAH), ventricular assist device (VAD), and extracorporeal membrane oxygenation (ECMO). The usage areas considered with the end goal of this study are hospitals and ambulatory surgical centers. Market size and prediction for every segment from 2015 to 2025 period is offered in the report with respective CAGRs for the forecast period 2017-2025.  

 

This report includes divisions accompanied by principal nations, which are familiarized as follows:

 

  • Europe
    • Germany
    • United Kingdom
    • Rest of Europe
  • North America
    • Canada       
    • United States
  • Asia Pacific
    • Japan
    • China
    • Rest of Asia Pacific
  • Middle East and Africa
    • GCC
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

 

This detailed study offers the analysis of each segment for the term of 2015-2025 alongside the specific market assessment for the particular nations in their area-wise segments.

 

An inclusive study of market situations has been reported in the study to catch suitable understanding of the market and their trends. Several methods are used in the report to determine the rivalry among main market players. The research study also consists of company profiling of the different companies which have a hold in the global market for circulatory support devices market. Some of the key players in the global circulatory support devices market include St. Jude Medical, Inc., ReliantHeart Inc., Medtronic plc., Leviticus Cardio Ltd, Jarvik Heart Inc., Evaheart, Inc., CorWave, CHF Solutions, CardiacAssist, Inc., Berlin Heart GmbH, ABIOMED, Inc. and more.

 

For the purpose of this study, the global circulatory support devices market is studied for their types of product in following areas:

 

  • Ventricular Assist Device
  • Total Artificial Heart
  • Extracorporeal Membrane Oxygenation

 

Increasing number of congestive heart failure and pulmonary disease are boosting the demand for circulatory support devices. Both pulmonary and cardiac operations can be accompanied by the use of this device. The complication of handling the devices and requirement of skilled personnel will limit the usage of these devices only to specialized facilities. The adoption of ventricular assist device is expanding among individuals owing to growing incidence of congestive heart failure over the world. Moreover, the demand for ventricular assist device will continue increasing throughout the forecast period due to rising prevalence of diabetes and kidney disorders. Left ventricular assist device is the most widely recognized circulatory support device because of its durability and improved power source which has led to the development of new generation ventricular assist devices by the industry players

 

For the purpose of this study, global circulatory support devices market is studied for their application in following usage areas:

 

  • Hospitals
  • Ambulatory Surgical Centers

 

Among the considered usage areas, circulatory support devices enjoy the largest application in hospitals followed by ambulatory centers. Higher affordability of hospitals in terms of purchase of circulatory support devices, superior handling skills and higher cost to profit ratio due to better patient footfall are the leading factors driving the acceptance of circulatory support devices in hospitals. Due to the severity of cardiac diseases, the patients often prefer to approach hospitals as against the other healthcare facilities; greater credibility of hospitals and provision of a wide range of services mainly favor this trend, which is further driving the hospitalization rate and the global market of circulatory support devices.

 

Geographically, the global circulatory support devices market is composed of Latin America, Middle East & Africa, Europe, Asia Pacific, and North America.

 

North America held the prime share in global circulatory support devices market attributing to major reasons such as high incidence of congestive heart failure, pulmonary related disease, and growing population augmenting the growth of circulatory support devices market. The need of circulatory support devices due to the rise in the number of heart patients will drive the global circulatory support devices market. During the course of forecast duration 2017 – 2025, Asia Pacific is observed as the fastest growing region due to key driving factors such as rising incidence of heart failure in developing countries, evolving healthcare expenditure, and growing awareness related with early treatment, and escalating demand for the advanced system.

 

The geographical classification of the global circulatory support devices market is as follows:

 

  • Asia Pacific (Japan, China, and Rest of Asia Pacific)
  • North America (Canada & United States)
  • Middle East and Africa (GCC and Rest of Middle East and Africa)
  • Europe (Germany, U.K., and Rest of Europe)
  • Latin America (Mexico, Brazil, and Rest of Latin America)

 

Chapter 1. Preface


1.1. Report Scope and Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I-Secondary Research
1.3.2. Phase II-Primary Research
1.3.3. Phase III-Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted

 

Chapter 2. Executive Summary


2.1. Global Circulatory Support Devices Market Portraiture
2.1.1. Global Circulatory Support Devices Market, by Product, 2016 (US$ Mn)
2.1.2. Global Circulatory Support Devices Market, by Usage Area, 2016 (US$ Mn)
2.1.3. Global Circulatory Support Devices Market, by Geography, 2016 (US$ Mn)

 

Chapter 3. Circulatory Support Devices : Market Dynamics and Outlook


3.1. Market Definition and Overview
3.2. Drivers
3.3. Challenges
3.4. Opportunities
3.5. Attractive Investment Proposition, by Geography, 2016
3.6. Value Chain Analysis
3.7. Porter’s Five Forces Model
3.8. Competitive Landscape
3.8.1. Competitive Landscape, by Key Players, 2016

 

Chapter 4. Global Circulatory Support Devices Market, by Product, 2015 – 2025 (US$ Mn)


4.1. Overview
4.2. Comparative Analysis, by Product Type, 2016 vs. 2025 (Value %)
4.3. Total Artificial Heart
4.4. Ventricular Assist Device
4.5. Extracorporeal Membrane Oxygenation

 

Chapter 5. Global Circulatory Support Devices Market, by Usage Area, 2015 – 2025 (US$ Mn)


5.1. Overview
5.2. Comparative Analysis, by Usage Area, 2016 vs. 2025 (Value %)
5.3. Hospitals
5.4. Ambulatory Centers

 

Chapter 6. Global Circulatory Support Devices Market, by Geography, 2015 – 2025 (US$ Mn)


6.1. Overview
6.2. North America Circulatory Support Devices Market Analysis, 2015 – 2025
6.2.1. North America Circulatory Support Devices Market, by Product, 2015 – 2025 (US$ Mn)
6.2.2. North America Circulatory Support Devices Market, by Usage Area, 2015 – 2025 (US$ Mn)
6.2.3. North America Circulatory Support Devices Market, by Country, 2015 – 2025 (US$ Mn)
6.2.3.1. U.S.
6.2.3.2. Canada
6.3. Europe Circulatory Support Devices Market Analysis, 2015 – 2025
6.3.1. Europe Circulatory Support Devices Market, by Product, 2015 – 2025 (US$ Mn)
6.3.2. Europe Circulatory Support Devices Market, by Usage Area, 2015 – 2025 (US$ Mn)
6.3.3. Europe Circulatory Support Devices Market, by Country, 2015 – 2025 (US$ Mn)
6.3.3.1. U.K.
6.3.3.2. Germany
6.3.3.3. Rest of Europe
6.4. Asia Pacific Circulatory Support Devices Market Analysis, 2015 – 2025
6.4.1. Asia Pacific Circulatory Support Devices Market, by Product, 2015 – 2025 (US$ Mn)
6.4.2. Asia Pacific Circulatory Support Devices Market, by Usage Area, 2015 – 2025 (US$ Mn)
6.4.3. Asia Pacific Circulatory Support Devices Market, by Country, 2015 – 2025 (US$ Mn)
6.4.3.1. China
6.4.3.2. Japan
6.4.3.3. Rest of APAC
6.5. Latin America Circulatory Support Devices Market Analysis, 2015 – 2025
6.5.1. Latin America Circulatory Support Devices Market, by Product, 2015 – 2025 (US$ Mn)
6.5.2. Latin America Circulatory Support Devices Market, by Usage Area, 2015 – 2025 (US$ Mn)
6.5.3. Latin America Circulatory Support Devices Market, by Country, 2015 – 2025 (US$ Mn)
6.5.3.1. Brazil
6.5.3.2. Mexico
6.5.3.3. Rest of Latin America
6.6. Middle East & Africa (MEA) Circulatory Support Devices Market Analysis, 2015 – 2025
6.6.1. MEA Circulatory Support Devices Market, by Product, 2015 – 2025 (US$ Mn)
6.6.2. MEA Circulatory Support Devices Market, by Usage Area, 2015 – 2025 (US$ Mn)
6.6.3. MEA Circulatory Support Devices Market, by Region, 2015 – 2025 (US$ Mn)
6.6.3.1. GCC
6.6.3.2. Rest of MEA

 

Chapter 7. Company Profiles


7.1. ABIOMED, Inc.
7.1.1. Business Description
7.1.2. Financial Information (Subject to data availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. Berlin Heart GmbH
7.3. CardiacAssist, Inc.
7.4. CorWave
7.5. Evaheart, Inc.
7.6. Jarvik Heart Inc.
7.7. Leviticus Cardio Ltd
7.8. Medtronic plc.
7.9. ReliantHeart Inc.
7.10. St. Jude Medical, Inc.
7.11. CHF Solutions

TABLE 1 Global Circulatory Support Devices Market Portraiture
TABLE 2 Global Circulatory Support Devices Market, by Product, 2015 – 2025 (US$ Mn)
TABLE 3 Global Circulatory Support Devices Market, by Usage Area, 2015 – 2025 (US$ Mn)
TABLE 4 North America Circulatory Support Devices Market, by Product, 2015 – 2025 (US$ Mn)
TABLE 5 North America Circulatory Support Devices Market, by Usage Area, 2015 – 2025 (US$ Mn)
TABLE 6 North America Circulatory Support Devices Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 7 Europe Circulatory Support Devices Market, by Product, 2015 – 2025 (US$ Mn)
TABLE 8 Europe Circulatory Support Devices Market, by Usage Area, 2015 – 2025 (US$ Mn)
TABLE 9 Europe Circulatory Support Devices Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 10 Asia Pacific Circulatory Support Devices Market, by Product, 2015 – 2025 (US$ Mn)
TABLE 11 Asia Pacific Circulatory Support Devices Market, by Usage Area, 2015 – 2025 (US$ Mn)
TABLE 12 Asia Pacific Circulatory Support Devices Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 13 Latin America Circulatory Support Devices Market, by Product, 2015 – 2025 (US$ Mn)
TABLE 14 Latin America Circulatory Support Devices Market, by Usage Area, 2015 – 2025 (US$ Mn)
TABLE 15 Latin America Circulatory Support Devices Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 16 Middle East and Africa Circulatory Support Devices Market, by Product, 2015 – 2025 (US$ Mn)
TABLE 17 Middle East and Africa Circulatory Support Devices Market, by Usage Area, 2015 – 2025 (US$ Mn)
TABLE 18 Middle East and Africa Circulatory Support Devices Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 19 ABIOMED, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 20 Berlin Heart GmbH: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 21 CardiacAssist, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 22 CorWave: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 23 Evaheart, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 24 Jarvik Heart Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 25 Leviticus Cardio Ltd: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 26 Medtronic plc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 27 ReliantHeart Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 28 St. Jude Medical, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 29 CHF Solutions: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)

FIG. 1 Circulatory Support Devices: Market Segmentation
FIG. 2 Global Circulatory Support Devices Market, by Product, 2016 (US$ Mn)
FIG. 3 Global Circulatory Support Devices Market, by Usage Area, 2016 (US$ Mn)
FIG. 4 Global Circulatory Support Devices Market, by Geography, 2016 (Value %)
FIG. 5 Attractive Investment Proposition, by Geography
FIG. 6 Comparative Analysis, by Product Type
FIG. 7 Global Total Artificial Heart Devices Market, 2015 – 2025 (US$ Mn)
FIG. 8 Global Ventricular Assist Device Market, 2015 – 2025 (US$ Mn)
FIG. 9 Global Extracorporeal Membrane Oxygenation Device Market, 2015 – 2025 (US$ Mn)
FIG. 10 Comparative Analysis, by Usage Area
FIG. 11 Global Circulatory Support Devices in Hospitals Market, 2015 – 2025 (US$ Mn)
FIG. 12 Global Circulatory Support Devices in Ambulatory Centers Market, 2015 – 2025 (US$ Mn)
FIG. 13 U.S. Circulatory Support Devices Market, 2015 – 2025 (US$ Mn)
FIG. 14 Canada Circulatory Support Devices Market, 2015 – 2025 (US$ Mn)
FIG. 15 U.K. Circulatory Support Devices Market, 2015 – 2025 (US$ Mn)
FIG. 16 Germany Circulatory Support Devices Market, 2015 – 2025 (US$ Mn)
FIG. 17 Rest of Europe Circulatory Support Devices Market, 2015 – 2025 (US$ Mn)
FIG. 18 Japan Circulatory Support Devices Market, 2015 – 2025 (US$ Mn)
FIG. 19 China Circulatory Support Devices Market, 2015 – 2025 (US$ Mn)
FIG. 20 Rest of Asia Pacific Circulatory Support Devices Market, 2015 – 2025 (US$ Mn)
FIG. 21 Brazil Circulatory Support Devices Market, 2015 – 2025 (US$ Mn)
FIG. 22 Mexico Circulatory Support Devices Market, 2015 – 2025 (US$ Mn)
FIG. 23 Rest of Latin America Circulatory Support Devices Market, 2015 – 2025 (US$ Mn)
FIG. 24 GCC Circulatory Support Devices Market, 2015 – 2025 (US$ Mn)
FIG. 25 Rest of Middle East and Africa Circulatory Support Devices Market, 2015 – 2025 (US$ Mn)

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