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The cardiac assist devices and equipment market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of 11%, as per The Business Research Company’s market report!

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The Cardiac Assist Devices And Equipment Market Size In 2022 And Forecast
The global cardiac assist devices and equipment market grew from $1.85 billion in 2021 to $2.14 billion in 2022 at a compound annual growth rate (CAGR) of 15.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The cardiac assist devices and equipment market is expected to grow to $3.26 billion in 2026 at a CAGR of 11.0%.

The cardiac assist devices and equipment market consist of sales of cardiac assist devices and equipment and related services.

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Rise In The Prevalence Of Cardiovascular Diseases Is Driving The Growth Of The Cardiac Assist Devices And Equipment Market
According to the American Heart Association, by 2035, 45.1% of the US population is projected to have some form of CVD. Total costs of CVD are expected to reach $1.1 trillion in 2035, with direct medical costs projected to reach $748.7 billion and indirect costs estimated to reach $368 billion. According to the World Heart Federation 2019, 17.9 million people die every year from CVD, including heart disease and stroke.

Competitive Landscape And The Regional Analysis Of The Cardiac Assist Devices And Equipment Market
Major players in the cardiac assist devices and equipment market are 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., and circulate Inc.

Additionally, as per TBRC’s research – North America was the largest region in the cardiac assist devices and equipment market in 2021 holding the largest market share.

The Cardiac Assist Devices And Equipment Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the cardiac assist devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the cardiac assist devices and equipment market.

Device Miniaturization – A Key Trend 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 destination therapy, due to lack of heart donors.

Cardiac Assist Devices And Equipment Market Segmentation By The Business Research Company

1) By Type: Ventricular Assist Devices (LVAD), Intra-Aotic Baloon Pumps, Total Artificial Heart

2) By Application: Hospital Pharmacies, Ambulatory Surgical Centres, Emergency Services

3) By Modality: Transcutaneous, Implantable

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Cardiac Rhythm Management (CRM) Devices And Equipment Global Market Report 2022

Cardiovascular Devices Global Market Report 2022

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