The Middle East & Africa percutaneous mechanical circulatory support devices market is expected to reach US$ 203.79 million by 2027 from US$ 81.34 million in 2019; it is estimated to grow at a CAGR of 12.5% from 2020 to 2027.
The rising geriatric population, and increasing prevalence of cardiovascular diseases are the key factors driving the growth of percutaneous mechanical circulatory support devices. However, high costs of these devices and procedures associated with them, and impact of COVID-19 pandemic on medical device industry is the major factor hindering the Percutaneous mechanical circulatory support devices market growth in Middle East & Africa.
Percutaneous mechanical circulatory support devices offer an effective and rapid approach to slow the downward spiral of hemodynamic instability among patients suffering with decompensated heart failures and cardiogenic shocks till a more definitive strategy is perceived among patients to recover from these cardiac ailments. The major roles of the percutaneous mechanical circulatory support devices include improving the native cardiac output, reducing ventricular volume and filling pressures, augmenting coronary perfusion, and maintaining vital organ perfusion.
Improvements in the surgical techniques coupled with quality of implantable valves have led to substantial growth in the volume of valve replacement procedures performed. The rising prevalence of these surgeries helps to save more lives and subsequently provide better quality of health and life to the patients suffering from congenital heart diseases (CHDs). Various Middle East & Africa countries are offering medical reimbursements for medical procedures involving valve replacement. Improvements in health care policies, with reimbursement policies for the population have ensured an increased life expectancy. Thus, the increasing reimbursement for these procedures is likely to increase their volumes and be a prevalent trend in the market during the forecast period.
The healthcare infrastructure in large cities of developing countries may have all the necessary amenities, but rural areas may not. Thus, these massive unexplored areas pose as ample revenue generation opportunities for percutaneous mechanical circulatory support devices market, as cardiovascular diseases are among the prominently prevalent health conditions within these economies. Countries like UAE and Saudi Arabia have a large patient population base, and the healthcare expenditure is increasing, thus illustrating immense healthcare market potential. Thus, with the growing healthcare industry and increasing government initiatives, the demand for percutaneous mechanical circulatory support devices is expected to increase in the developing economies.
COVID-19 pandemic is making its way to all Middle East & Africa countries. Due to growing COVID-19, these countries are expecting to witness a huge challenge and are expected to affect largely to healthcare industries in the current situation. In Saudi Arabia, it has been reported that the confirmed cases has been increased to 21,400 and death rate has been low with 160 numbers. These numbers are changing owing to various factors such as the prevalence of chronic disease patients, surgeries, population density in regions, and other factors. Restrictive measures have been taken to control the spread of this pandemic. Moreover, due to surgeries, the number of COVID-19 numbers is also growing. This pandemic is affecting the business operation of the various key players operating in this region.
Rest of Middle East & Africa Percutaneous Mechanical Circulatory Support Devices Market, Revenue and Forecast to 2027 (US$ Mn)
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MIDDLE EAST & AFRICA PERCUTANEOUS MECHANICAL CIRCULATORY SUPPORT DEVICES MARKET SEGMENTATION
By Product
- Intra-Aortic Balloon Pumps
- VA-Extracorporeal Membrane Oxygenation (ECMO)
- Short-Term Ventricular Assist Devices (VADs)
- Impella
- Tandem Heart
By End User
- Hospitals
- Ambulatory Surgical Centers
- Others
By Country
- UAE
- Saudi Arabia
- South Africa
Company Profiles
- Abbott
- Livanova Plc (Cardiacassist, Inc)
- Eurosets
- Berlin Heart
- Medtronic
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, End User, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Saudi Arabia
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Middle East & Africa Percutaneous Mechanical Circulatory Support Devices Market – By Product
1.3.2 Middle East & Africa Percutaneous Mechanical Circulatory Support Devices Market– By End User
1.3.3 Middle East & Africa Percutaneous Mechanical Circulatory Support Devices Market – By Country
2. Middle East & Africa Percutaneous Mechanical Circulatory Support Devices Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Percutaneous Mechanical Circulatory Support Devices Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Middle East & Africa – PEST Analysis
4.3 Expert Opinion
5. Middle East & Africa Percutaneous Mechanical Circulatory Support Devices Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Rising Geriatric Population
5.1.2 Increasing Prevalence of Cardiovascular Diseases & Heart Failures
5.2 Key Market Restraints
5.2.1 High Cost of Products and Procedures
5.2.2 Impact of COVID-19 Pandemic on Medical Device Industry
5.3 Key Market Opportunity
5.3.1 Growing Market In The Developing Economies
5.4 Market Trend
5.4.1 Growing Reimbursement for Cardiac Surgery
5.5 Impact Analysis
6. Percutaneous Mechanical Circulatory Support Devices Market – Middle East & Africa Analysis
6.1 Middle East & Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue Forecasts and Analysis
7. Middle East & Africa Percutaneous Mechanical Circulatory Support Devices Market Analysis and Forecasts To 2027 – By Type
7.1 Overview
7.2 Middle East & Africa Percutaneous Mechanical Circulatory Support Devices Market, By Type 2019 & 2027 (%)
7.2.1 Middle East & Africa Percutaneous mechanical circulatory support devices Market Revenue and Forecasts to 2027, By Type (US$ Mn)
7.3 Intra-Aortic Balloon Pumps Market
7.3.1 Overview
7.3.2 Middle East & Africa Intra-Aortic Balloon Pumps Market Revenue and Forecast to 2027 (US$ Mn)
7.4 VA-Extracorporeal Membrane Oxygenation (ECMO) Market
7.4.1 Overview
7.4.1.1 Middle East & Africa VA-Extracorporeal Membrane Oxygenation (ECMO) Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Short Term Ventricular Assist Devices Market
7.5.1 Overview
7.5.2 Middle East & Africa Short Term Ventricular Assist Devices Market Revenue and Forecast to 2027 (US$ Mn)
7.5.3 Impella Market
7.5.3.1 Overview
7.5.3.2 Middle East & Africa Impella Market Revenue and Forecast to 2027 (US$ Mn)
7.5.4 Tandem Heart Market
7.5.4.1 Overview
7.5.4.2 Middle East & Africa Tandem Heart Market Revenue and Forecasts to 2027 (US$ Mn)
8. Middle East & Africa Percutaneous Mechanical Circulatory Support Devices Market Analysis – By End-User
8.1 Overview
8.2 Middle East & Africa Percutaneous Mechanical Circulatory Support Devices Market, By End-User 2019-2027 (%)
8.2.1 Middle East & Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue and Forecasts to 2027, By End-User (US$ Mn)
8.3 Hospitals Market
8.3.1 Overview
8.3.2 Middle East & Africa Hospitals Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Ambulatory Surgical Centers Market
8.4.1 Overview
8.4.2 Middle East & Africa Ambulatory Surgical Centers Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Others Market
8.5.1 Overview
8.5.2 Middle East & Africa Others Market Revenue and Forecasts to 2027 (US$ Mn)
9. Middle East & Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027
9.1 Overview
9.2 Middle East and Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
9.3 Middle East and Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
9.3.1 Middle East and Africa Short Term Ventricular Assist Devices Market Revenue And Forecast to 2027, By Type (US$ Mn)
9.4 Middle East and Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
9.5 Middle East and Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Country (%)
9.6 South Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
9.6.1 South Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue and Forecast to 2027 (US$ Mn)
9.6.2 South Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By Product (US$ Mn)
9.6.2.1 South Africa Short Term Ventricular Assist Devices Market Revenue And Forecast to 2027, By Type (US$ Mn)
9.6.3 South Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By End user (US$ Mn)
9.7 Saudi Arabia Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
9.7.1 Saudi Arabia Percutaneous Mechanical Circulatory Support Devices Market Revenue and Forecast to 2027 (US$ Mn)
9.7.2 Saudi Arabia Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By Product (US$ Mn)
9.7.2.1 Saudi Arabia Short Term Ventricular Assist Devices Market Revenue And Forecast to 2027, By Type (US$ Mn)
9.7.3 Saudi Arabia Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By End user (US$ Mn)
9.8 UAE Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
9.8.1 UAE Percutaneous Mechanical Circulatory Support Devices Market Revenue and Forecast to 2027 (US$ Mn)
9.8.2 UAE Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By Product (US$ Mn)
9.8.2.1 UAE Short Term Ventricular Assist Devices Market Revenue And Forecast to 2027, By Type (US$ Mn)
9.8.3 UAE Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By End user (US$ Mn)
10. Impact of COVID-19 Pandemic on Middle East & Africa Percutaneous Mechanical Circulatory Support Devices Market
10.1 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 Abbott
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Financial Information
11.1.4 Product Portfolio
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Livanova Plc (Cardiacassist, Inc)
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Financial Overview
11.2.4 Product Portfolio
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Eurosets
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Financial Overview
11.3.4 Product Portfolio
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Berlin Heart
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Financial Overview
11.4.4 Product Portfolio
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Medtronic
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Financial Overview
11.5.4 Product Portfolio
11.5.5 SWOT Analysis
11.5.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Total Number Of Persons Aged 60 Years Or Above By Region, 2017 & 2050
Table 2. Middle East & Africa Percutaneous mechanical circulatory support devices Market Revenue and Forecasts To 2027, By Type (US$ Mn)
Table 3. Middle East & Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue and Forecasts To 2027, By End-User (US$ Mn)
Table 4. Middle East and Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
Table 5. Middle East and Africa Short Term Ventricular Assist Devices Market Revenue And Forecast To 2027, By Type (US$ Mn)
Table 6. Middle East and Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
Table 7. South Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecasts To 2027, By Product (US$ Mn)
Table 8. South Africa Short Term Ventricular Assist Devices Market Revenue And Forecast To 2027, By Type (US$ Mn)
Table 9. South Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
Table 10. Saudi Arabia Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
Table 11. Saudi Arabia Short Term Ventricular Assist Devices Market Revenue And Forecast To 2027, By Type (US$ Mn)
Table 12. Saudi Arabia Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
Table 13. UAE Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
Table 14. UAE Short Term Ventricular Assist Devices Market Revenue And Forecast To 2027, By Type (US$ Mn)
Table 15. UAE Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
Table 16. Glossary of Terms, Percutaneous Mechanical Circulatory Support Devices Market
LIST OF FIGURES
Figure 1. Percutaneous Mechanical Circulatory Support Devices Market Segmentation
Figure 2. Middle East & Africa Percutaneous Mechanical Circulatory Support Devices Market Overview
Figure 3. Intra-Aortic Balloon Pumps Segment Held Largest Share Of Test Type Segment In Percutaneous Mechanical Circulatory Support Devices Market
Figure 4. UAE is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Middle East & Africa Percutaneous Mechanical Circulatory Support Devices Market - Leading Country Markets (US$ Mn)
Figure 6. Middle East & Africa PEST Analysis
Figure 7. Percutaneous Mechanical Circulatory Support Devices Market Impact Analysis Of Driver And Restraints
Figure 8. Middle East & Africa Percutaneous Mechanical Circulatory Support Devices Market – Revenue Forecasts and Analysis – 2019- 2027
Figure 9. Middle East & Africa Percutaneous Mechanical Circulatory Support Devices Market, By Type 2019 & 2027 (%)
Figure 10. Middle East & Africa Intra-Aortic Balloon Pumps Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 11. Middle East & Africa VA-Extracorporeal Membrane Oxygenation (ECMO) Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 12. Middle East & Africa Short Term Ventricular Assist Devices Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. Middle East & Africa Impella Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. Middle East & Africa Tandem Heart Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. Middle East & Africa Percutaneous Mechanical Circulatory Support Devices Market, by End-User 2019 & 2027 (%)
Figure 16. Middle East & Africa Hospitals Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. Middle East & Africa Ambulatory Surgical Centers Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. Middle East & Africa Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. Middle East and Africa Percutaneous Mechanical Circulatory Support Devices Market Overview, By Country (2019)
Figure 20. Middle East and Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
Figure 21. Middle East and Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Country (%)
Figure 22. South Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
Figure 23. Saudi Arabia Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
Figure 24. UAE Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
Figure 25. Impact of COVID-19 Pandemic in Middle East & Africa Country Markets
The List of Companies - Middle East and Africa Percutaneous Mechanical Circulatory Support Devices Market
- Abbott
- Livanova Plc (Cardiacassist, Inc)
- Eurosets
- Berlin Heart
- Medtronic
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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