Left Ventricular Assist Device (LVAD) Market Research Report covers the present scenario and the growth prospects of the Left Ventricular Assist Device (LVAD) Industry for 2016-2020. Left Ventricular Assist Device (LVAD) Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years and discussion of the key vendors effective in this market. To calculate the market size, the report considers the revenue generated from the sales of Left Ventricular Assist Device (LVAD) globally.
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The Left Ventricular Assist Device (LVAD) Market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.
Following Companies Are Key Players of the Left Ventricular Assist Device (LVAD) Market:
Other Prominent Vendors of Left Ventricular Assist Device (LVAD) Market Are:
“A trend that is sure to boost market growth is the increase in M&A. Vendors undergo M&A to extend their product offerings, increase their market share, and expand their operations. They acquire other companies to enhance their R&D capabilities for manufacturing innovative devices that can meet consumer needs. Acquisition of other companies allows vendors access to the product portfolio of the acquired company. M&A also helps new players enter the market. In 2013, Thoratec acquired the rights to Terumo Heart’s DuraHeart II ventricular assist system. In 2014, Thoratec acquired Apica Cardiovascular to expand its LVAD product portfolio. In October 2015, St. Jude Medical acquired Thoratec for about $3.3 billion. In September 2015, HeartWare International entered into a definitive agreement to acquire Valtech Cardio.”
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According to the Left Ventricular Assist Device (LVAD) Market report, a key growth driver is the shortage of heart donors. CVDs can sometimes lead to severe heart failure. In such cases, it becomes mandatory for people to undergo heart transplantation. However, it is difficult to obtain heart transplants due to the shortage of heart donors. The number of people worldwide that require heart transplantations is rising with each passing year, but there has not been a corresponding rise in heart donors, which is leading to an increase in the average waiting time for heart transplantation. The average waiting time for heart transplantation in the US is 9-11 months. However, in most cases, it goes up to two years. In 2013, the Health Resources and Services Administration estimated that about 18 people die every day in the US due to a shortage of donor hearts.
Report also presents Geographical Segmentation analysis of Left Ventricular Assist Device (LVAD) Market of Americas, APAC, EMEA region.
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Further, the Left Ventricular Assist Device (LVAD) Market report states that one challenge that could impact market growth is the availability of alternative treatments. The presence of alternative treatment options, such as heart transplantation, drug therapy, and TAHs to address acute heart failure and improve cardiac output, hinder the sales of LVADs.
Key questions answered in Left Ventricular Assist Device (LVAD) market report:
No of Pages: 61
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