Cardiac Assist Devices Market by Applications, Vertical Type, and by Regions, 2023–2028

ByNerkar

A ventricular aid device, also called a ventricular assist pump, is an electro-mechanical device designed to help cardiac pumping, which in turn is intended to help maintain a constant heartbeat rhythm. When a ventricular aid device is needed for immediate medical attention, it is attached to the heart via the cardio-respiratory pathways to provide stimulation that helps maintain the heart rhythm. This is typically done with a latex hose or other similar device that provides a steady supply of suction to help keep the heart from stopping so it can pump blood.

Increasing prevalence of cardiovascular diseases is expected to drive growth of the global cardiac assist devices market. According to the American Heart Association (AMA), in 2016, cardiovascular disease accounted for 17.6 million deaths across the globe. According to the same source, that number is expected to reach 23.6 million by 2030. Furthermore, according to the World Health Organization (WHO), around 17.9 million people die each year from cardiovascular disease. Cardiovascular disease remains the leading cause of death across the globe. Cardiac assist devices such as pacemakers, implantable cardioverter-defibrillator (ICD), and cardiac loop recorders improve the function of kidneys, liver, brain, and other organs by increasing blood flow to the body. Hence, such factors are expected to drive growth of the global cardiac assist devices market. Furthermore, growing geriatric population is expected to propel the global cardiac assist devices market growth in the near future. According to the World Health Organization (WHO), the global geriatric population is expected to account for around 22% of the global population by 2050. 

Major manufacturers operating in the market primarily focus on developing innovative and efficient cardiac assist devices through a robust research and development program. Some of the companies operating in the cardiac assist devices market in the current scenario are MAQUET GmbH & Co., Berlin Heart GmbH, Teleflex Incorporated, Thoratec Corporation, Heart Ware International, SynCardia Systems, Inc., and ABIOMED.

Read More: https://healthcarepharmaceuticalindustry.blogspot.com/2023/02/cardiac-assist-devices-market-is.html