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Cardiac Assist Devices and Equipment Global Market Report 2020-30: COVID-19 Impact and Recovery

  • ID: 4852511
  • Report
  • September 2020
  • Region: Global
  • The Business Research Company

FEATURED COMPANIES

  • Abbot Laboratories
  • Berlin Heart GmbH
  • Cardiac Assist Inc.
  • Circulite Inc.
  • Jarvik Heart Inc.
  • Oregonheart
  • MORE
Cardiac Assist Devices and Equipment Global Market Report 2020-30: COVID-19 Impact and Recovery provides strategists, marketers and senior management with the critical information they need to assess the global cardiac assist devices and equipment market as it emerges from the COVID-19 shut down.

Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:

Where is the largest and fastest growing market for the cardiac assist devices and equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? the Cardiac Assist Devices and Equipment Market Global Report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The Market Characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope

Markets Covered:
1) by type: Ventricular Assist Devices (LVAD); Intra-Aotic Baloon Pumps; Total Artificial Heart
2) by application: Hospital Pharmacies; Ambulatory Surgical Centres; Emergency Services

Companies Mentioned: Abbot Laboratories; Berlin Heart GmbH; Abiomed Inc.; Bivacor Pvt Ltd.; Calon Cardio - Technology Ltd.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

This report will be delivered within 1-3 business days.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Abbot Laboratories
  • Berlin Heart GmbH
  • Cardiac Assist Inc.
  • Circulite Inc.
  • Jarvik Heart Inc.
  • Oregonheart
  • MORE
1. Executive Summary

2. Cardiac Assist Devices and Equipment Market Characteristics

3. Cardiac Assist Devices and Equipment Market Size And Growth
3.1. Global Cardiac Assist Devices and Equipment Historic Market, 2015-2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Cardiac Assist Devices and Equipment Forecast Market, 2019-2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market

4. Cardiac Assist Devices and Equipment Market Segmentation
4.1. Global Cardiac Assist Devices and Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Ventricular Assist Devices (LVAD)
  • Intra-Aotic Baloon Pumps
  • Total Artificial Heart
4.2. Global Cardiac Assist Devices and Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Hospital Pharmacies
  • Ambulatory Surgical Centres
  • Emergency Services
5. Cardiac Assist Devices and Equipment Market Regional And Country Analysis
5.1. Global Cardiac Assist Devices and Equipment Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Cardiac Assist Devices and Equipment Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

6. Asia-Pacific Cardiac Assist Devices and Equipment Market
6.1. Asia-Pacific Cardiac Assist Devices and Equipment Market Overview
6.2. Asia-Pacific Cardiac Assist Devices and Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
6.3. Asia-Pacific Cardiac Assist Devices and Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

7. China Cardiac Assist Devices and Equipment Market
7.1. China Cardiac Assist Devices and Equipment Market Overview
7.2. China Cardiac Assist Devices and Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion
7.3. China Cardiac Assist Devices and Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion

8. India Cardiac Assist Devices and Equipment Market
8.1. India Cardiac Assist Devices and Equipment Market Overview
8.2. India Cardiac Assist Devices and Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
8.3. India Cardiac Assist Devices and Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

9. Japan Cardiac Assist Devices and Equipment Market
9.1. Japan Cardiac Assist Devices and Equipment Market Overview
9.2. Japan Cardiac Assist Devices and Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
9.3. Japan Cardiac Assist Devices and Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

10. Australia Cardiac Assist Devices and Equipment Market
10.1. Australia Cardiac Assist Devices and Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
10.2. Australia Cardiac Assist Devices and Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

11. Indonesia Cardiac Assist Devices and Equipment Market
11.1. Indonesia Cardiac Assist Devices and Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
11.2. Indonesia Cardiac Assist Devices and Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

12. South Korea Cardiac Assist Devices and Equipment Market
12.1. South Korea Cardiac Assist Devices and Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
12.2. South Korea Cardiac Assist Devices and Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

13. Western Europe Cardiac Assist Devices and Equipment Market
13.1. Western Europe Cardiac Assist Devices and Equipment Market Overview
13.2. Western Europe Cardiac Assist Devices and Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
13.3. Western Europe Cardiac Assist Devices and Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

14. UK Cardiac Assist Devices and Equipment Market
14.1. UK Cardiac Assist Devices and Equipment Market Overview
14.2. UK Cardiac Assist Devices and Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
14.3. UK Cardiac Assist Devices and Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

15. Germany Cardiac Assist Devices and Equipment Market
15.1. Germany Cardiac Assist Devices and Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
15.2. Germany Cardiac Assist Devices and Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

16. France Cardiac Assist Devices and Equipment Market
16.4. France Cardiac Assist Devices and Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
16.5. France Cardiac Assist Devices and Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

17. Eastern Europe Cardiac Assist Devices and Equipment Market
17.1. Eastern Europe Cardiac Assist Devices and Equipment Market Overview
17.2. Eastern Europe Cardiac Assist Devices and Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
17.3. Eastern Europe Cardiac Assist Devices and Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

18. Russia Cardiac Assist Devices and Equipment Market
18.1. Russia Cardiac Assist Devices and Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
18.2. Russia Cardiac Assist Devices and Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

19. North America Cardiac Assist Devices and Equipment Market
19.1. North America Cardiac Assist Devices and Equipment Market Overview
19.2. North America Cardiac Assist Devices and Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
19.3. North America Cardiac Assist Devices and Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

20. USA Cardiac Assist Devices and Equipment Market
20.1. USA Cardiac Assist Devices and Equipment Market Overview
20.2. USA Cardiac Assist Devices and Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
20.3. USA Cardiac Assist Devices and Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

21. South America Cardiac Assist Devices and Equipment Market
21.1. South America Cardiac Assist Devices and Equipment Market Overview
21.2. South America Cardiac Assist Devices and Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
21.3. South America Cardiac Assist Devices and Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

22. Brazil Cardiac Assist Devices and Equipment Market
22.1. Brazil Cardiac Assist Devices and Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
22.2. Brazil Cardiac Assist Devices and Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

23. Middle East Cardiac Assist Devices and Equipment Market
23.1. Middle East Cardiac Assist Devices and Equipment Market Overview
23.2. Middle East Cardiac Assist Devices and Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
23.3. Middle East Cardiac Assist Devices and Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

24. Africa Cardiac Assist Devices and Equipment Market
24.1. Africa Cardiac Assist Devices and Equipment Market Overview
24.2. Africa Cardiac Assist Devices and Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
24.3. Africa Cardiac Assist Devices and Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

25. Cardiac Assist Devices and Equipment Market Competitive Landscape And Company Profiles
25.1. Cardiac Assist Devices and Equipment Market Competitive Landscape
25.2. Cardiac Assist Devices and Equipment Market Company Profiles
25.2.1. Abbot Laboratories
25.2.1.1. Overview
25.2.1.2. Products and Services
25.2.1.3. Strategy
25.2.1.4. Financial Performance
25.2.2. Berlin Heart GmbH
25.2.2.1. Overview
25.2.2.2. Products and Services
25.2.2.3. Strategy
25.2.2.4. Financial Performance
25.2.3. Abiomed Inc.
25.2.3.1. Overview
25.2.3.2. Products and Services
25.2.3.3. Strategy
25.2.3.4. Financial Performance
25.2.4. Bivacor Pvt Ltd.
25.2.4.1. Overview
25.2.4.2. Products and Services
25.2.4.3. Strategy
25.2.4.4. Financial Performance
25.2.5. Calon Cardio - Technology Ltd.
25.2.5.1. Overview
25.2.5.2. Products and Services
25.2.5.3. Strategy
25.2.5.4. Financial Performance

26. Key Mergers And Acquisitions In The Cardiac Assist Devices and Equipment Market

27. Cardiac Assist Devices and Equipment Market Trends And Strategies

28. Cardiac Assist Devices and Equipment Market Future Outlook and Potential Analysis

29. Appendix
29.1. Abbreviations
29.2. Currencies
29.3. Research Inquiries
29.4. About the Publisher
29.5. Copyright and Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Abbot Laboratories
  • Berlin Heart GmbH
  • Cardiac Assist Inc.
  • Circulite Inc.
  • Jarvik Heart Inc.
  • Oregonheart
  • MORE
Major players in the cardiac assist devices and equipment market are Abbot Laboratories, Berlin Heart GmbH, Abiomed Inc., Bivacor Pvt Ltd. and Calon Cardio - Technology Ltd.

The global cardiac assist devices and equipment market is expected to decline from $0.9 billion in 2019 to $0.7 billion in 2020 at a compound annual growth rate (CAGR) of -15.5%. The decline is mainly because of the lockdown measures due to the COVID-19 outbreak. The decrease in the demand for cardiovascular devices due to decreased number of cardiac surgeries for reasons such as re-scheduling of surgeries, cancellations and no-show by patients, coupled with the restrictions by government and health authorities to shutdown factories manufacturing these devices to contain the spread of virus and keep the staff safe, contribute to this decline. The market is then expected to recover and grow at a CAGR of 8.4% from 2021 and reach $1.2 billion in 2023.

The cardiac assist devices and equipment market consists of sales of cardiac assist devices and equipment and related services. Cardiac assist devices and equipment are electromechanical devices for assisting cardiac circulation, which are used either to partially or to completely replace the function of a failing heart.

In 2018, North America was the largest region in the cardiac assist devices and equipment market. USA was the largest country within the North America cardiac assist devices and equipment market, followed by Canada.

In April 2019, Food and Drug Administration (FDA),a federal agency of US department of health and human services, a regulatory body, has sent a product recall notice to THORATEC Corporation, for its product HEARTMATE II, a left ventricular assist system, EU, due to adverse risks, blood pumping issues, use problems, power and battery problems identified. FDA has sent a notice for product recall as the product defect contributed to aortic insufficiency and potential pump obstruction in the patient which led to emergency heart transplant. Similarly, in the cardiac assist devices market in 2018, FDA came across 24,036 device problems out of which 10,788 were use problems, 1,791 blood pumping problems, 1,450 power problems, 1,402 battery problems, 949 connection problems, and others.

Risks associated with implantation of cardiac assist devices into the human body acts as a major restraint for the growth of this market. Risks associated with device implantation include respiratory failure, blood clot formation, occurrences of stroke, and the risk of device failure leading to heart attack are some major reasons due to which people are hesitant to adopt cardiac assist devices, thus the demand from end users of cardiac assist devices remains restrained, therefore limiting the growth prospects of the market. The infection rate of cardiac implantable electronic devices is 1.7% initially after implantation, whereas after 2years the infection rate is 9.5%, resulting to an increase in the risk factor. The rising number of device replacements results in complex procedures, considerable risks with an increase in infection rates.

Device miniaturization is becoming popular in the cardiac assist devices and equipment market. The concept of minimizing the size of the cardiac assist devices enhances device implantation, provides potentially shorter hospital stay through the use of less invasive surgery such as 'Thoracotomy'. Cardiac assist device miniaturization acts as a replacement to heart transplantation as a destination therapy, due to lack of heart donors. For instance, Heartware Ltd. is increasingly investing in the Heartware's device miniaturization program, aiming to reduce the weight, size and energy consumption of the device. Furthermore, the United Kingdom National Health Service has invested in a Bridge to Transplant program (BTT) where the performance of two minimally invasive cardiac assist devices were compared, out of which the best one was found based on better clinical outcome and more cost effectiveness due to its miniaturized design.

Rise in prevalence of cardiovascular diseases increase the demand for cardiac assist devices and equipment in developed and developing economies. The increasing need for diagnosis, monitoring, early stage treatment, and prevention of these life-threatening diseases, increase the demand for cardiac assist devices. In 2016, according to a study conducted by American Heart Association, a non-profit organization in the USA, total medical costs for cardiovascular diseases are expected to reach $749 billion by 2035 from $351.2 billion in 2015. The same study stated, in 2016, deaths due to cardiovascular diseases accounted for 840,678 and coronary heart disease accounted for 13% i.e. 363,452 of the total deaths in the USA.
Note: Product cover images may vary from those shown
  • Abbot Laboratories
  • Berlin Heart GmbH
  • Abiomed Inc.
  • Bivacor Pvt Ltd.
  • Calon Cardio - Technology Ltd.
  • Cardiobridge GmbH
  • Balton Sp. Z O.O
  • Cardiac Assist Inc.
  • Braile Biomedica Ltd.
  • Circulite Inc.
  • Cardiokinetix Inc.
  • Evaheart Inc.
  • Fineheart Sarl
  • Fresenius Medical Care Ag & Co. KGaA (Xenios AG)
  • Getinge Ab (Maquet Holding)
  • GPB Life Science Holdings Llc (Insightra Medical Inc.)
  • Jarvik Heart Inc.
  • Medtronnic Plc
  • Oregonheart
  • Mitiheart Corporation
  • Procyrion
  • Relianthreat Inc.
  • Scandinavian Real Heart
  • Senko Medical Instrurment Mfg. Co. Ltd
  • Syncardia Systems LLC
Note: Product cover images may vary from those shown

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