According to our new market research study on “Asia Pacific Percutaneous mechanical circulatory support devices Market to 2027 – Regional Analysis and Forecast – by Product, and End User” the market is expected to US$ 689.47 million by 2027 from US$ 240.88 million in 2019, it is expected to grow at a CAGR of 14.4% from 2020 to 2027. The report provides trends prevailing in the Asia Pacific percutaneous mechanical circulatory support devices market and the factors driving the market growth along with those hindering it.
In 2019, the intra-aortic balloon pumps segment held a largest market share of the percutaneous mechanical circulatory support devices market, by product. This segment is also expected to dominate the market in 2027, by product as these systems are associated with better outcomes, rare complication rates and low mortality rates. Moreover, these systems also have ability to increase the coronary blood supply. However, the short-term ventricular assist devices segment is anticipated to witness the fastest growth rate during the forecast period as these devices have comparatively low contra-indications and may remain in-situ in patients for a longer time than IABPs. Additionally, these devices are suitable to act as a single compensation to all the cardiac functions.
The growth of the Asia Pacific percutaneous mechanical circulatory support devices market is mainly attributed to the increasing geriatric population, increasing prevalence of cardiovascular diseases and shortage of heart donors. However, high costs of these devices, and impact of COVID-19 pandemic on medical device industry are likely to have a negative impact on the growth of the market in the coming years.
Abbott; Livanova Plc (Cardiacassist, Inc); Eurosets; Berlin Heart; and Medtronic are among the leading companies operating in the Asia Pacific percutaneous mechanical circulatory support devices market.
The report segments Asia Pacific Percutaneous Mechanical Circulatory Support Devices Market as follows:
Asia Pacific Percutaneous Mechanical Circulatory Support Devices Market – By Product
- Intra-Aortic Balloon Pumps
- VA-Extracorporeal Membrane Oxygenation (ECMO)
- Short-Term Ventricular Assist Devices (VADs)
- Impella
- Tandem Heart
Asia Pacific Percutaneous Mechanical Circulatory Support Devices Market – By End User
- Hospitals
- Ambulatory Surgical Centers
- Others
Asia Pacific Percutaneous Mechanical Circulatory Support Devices Market – By Country
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
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