Middle East and Africa Ventricular Assist Device Market- Forecast, 2020-2027 - Gurgaon

The high prevalence of heart failures, increasing transition to the minimally invasive surgical procedure from conventional surgeries, continuous development of innovative approaches to treat different type of cardiac diseases are the major key drivers responsible for the growth of the Middle East and Africa Ventricular Assist Device market share, in terms of revenue. Moreover, the rising number of patients waiting for heart transplantation and the introduction of new technologically advanced products such as Duraheart, Heartmate, among others, will further surge the market growth.

Based on design type, the Implantable design segment is predicted to grow at a higher CAGR over the coming years. This is mainly due to the growing awareness related to the product in the field of interventional cardiology and the high cost-effectiveness of this type of design. On the other hand, the Transcutaneous design segment is anticipated to dominate the market as it provides several remarkable benefits as compared to the existing design type such as lowering of blood pressure, less bleeding, etc. In addition to this, the continuous advancement devices, for example, DuraHeart, HeartMate III, which incorporated features such as smaller size, lower rotational speeds, higher efficiency, and improved anatomic design, is positively influencing the growth of the segment.

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