Demand for Acute Surgical Mechanical Circulatory Support System Propelled by Growing Prevalence of HF: Says Fact.MR
Fact.MR, a global research firm, in its latest study on the acute surgical mechanical circulatory support market estimated that the market is likely to exhibit a remarkable CAGR in 2021 & beyond. The growth can be primarily attributed to increasing geriatric population, higher adaptation rates of the devices, growing prevalence of HF as well as novel technology innovations fuel the acute surgical mechanical circulatory support systems industry.
“Market players are focusing their attention on technological research & developments which make the devices more effective will further fuel the need for acute surgical mechanical circulatory support systems.” states Fact.MR.
Technological Progressions to Spur Demand for Acute Surgical Mechanical Circulatory Support
Technological r&d which make the devices more effective will further fuel the need for acute surgical mechanical circulatory support systems. Existence of substitute treatment such as pacemaker, heart transplantation and etc. as well as the few threats that are linked with the device implantation, for instance expansion of blood clots, device failure and respiratory failure along with other surgical complications, for example, infection, stroke, kidney failure and bleeding.
Furthermore, new reimbursement reforms is also a key aspect to drive growth of global acute surgical circulatory support systems market.
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Extracorporeal Ventricular Assist Device is likely to Gain Traction in 2021
Extracorporeal membrane oxygenation (ECMO) device is projected to remain lucrative as a result of an efficient first-line support to patients circulation in cardiac arrest or refractory cardiogenic shock. ECMO offers reasonable short-term support to patients with stark hemodynamic instability, allow recovery of multiorgan injury, as well as permit time to complete a transplant evaluation before long-term circulatory support with an implantable left ventricular assist device (LVAD) is instituted.
However, extracorporeal ventricular assist device is anticipated witness increased adoption owing to its versatility in usage, in the form of right, left or biventricular support.
The US will Offer Huge Development Prospects for Acute Surgical Mechanical Circulatory Support Systems
The US is estimated to continue to hold majority of shares throughout the forecast years, trailed by the UK. The presence of big market players in the cardiac assist devices are majorly focusing on consolidation of existing manufacturing capabilities and geographic expansion to attain bigger market share.
Big market players in regions such as Japan, China and India are projected to fortify their market position and generate sustainable position.
Firming up Existing Production Capabilities Remains key Focus Area: Fact.MR Survey
Acute surgical mechanical circulatory support systems market growth is attaining momentum owing to the presence of prominent players. Fact.MR’s survey with thought leaders revealed that geographic extension, establishing facilities nearby target markets as well as firming up existing production capabilities to gain larger market share will remain a prominent strategy for market players in 2021 & beyond. The updated edition of the report provides comprehensive coverage of the projected to remain the key strategies of market players. Some of the players profiled in the report are Soring group, Abbott laboratories, Nipro Corporation, Medtronic PLC, Terumo Corporation, Getinge group, LivaNova Plc., Eurosets, Xenios AG and OriGen Biomedical. The updated edition also offers a detailed analysis of the COVID-19 impact on this market.
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