According to GMI Research, the market for UAE Ventricular Assist Device market is expected to touch USD XX million by 2025, recording a compound annual growth rate (CAGR) of 10.8% during the period.
Figure 1: UAE Ventricular Assist Device Market Revenue, 2018-2025 (USD Million)
Source: GMI Research
Factors driving the growth of the market are the advancement in the cardiac surgery procedure in the region, increase in heart failure cases and shortage of heart donors. Moreover, technological advancements in the design of the product are likely to accelerate the growth of UAE Ventricular Assist Device market during the forecasted period.
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Left Ventricular Assist device to capture the largest market share in the market during 20182025
Left Ventricular Assist Device segment held the largest revenue maximum share in the market in 2018 and is expected to dominate the market during the forecast period due to increasing penetration of technology in cardiac treatment market. Additionally, with the increase in awareness there will be increase in the number of patients diagnosed which is one of the major factors likely to drive the growth of Ventricular Device Assist Market in the forecast period.
Bridge-to-recovery (BTR) application segment is expected to have the highest growth rate during 2018–2025.
Bridge-to-recovery segment is projected to have the highest growth rate in the market during the forecast period due to the increasing number of heart donors, and new developments being made in the Ventricular assist device segment. Bridge-to-transplant (BTT) application segment held the maximum share in 2018 due to increasing patients waiting for heart transplant.
Based on Design Type, Transcutaneous Ventricular Assist Device segment is anticipated to have the highest growth rate during 2018–2025.
The Implantable Ventricular Assist Devices segment captured the maximum revenue share in 2018 because of non-availability of heart donors and advanced implant techniques whereas the Transcutaneous Ventricular Assist segment will have the highest growth rate during the forecast period because of advent of new technology.
The companies are focusing on product launches for keeping their leadership in UAE Ventricular Assist Device market.
Various notable players operating in UAE Ventricular Assist Device Market include Johnson & Johnson (Abbott Medical Optics), Teleflex Medical Inc., Jarvik Heart Inc., eviticus Cardio Ltd., Getinge AB, TERUMO CORPORATION, SynCardia Systems, LLC, Abu Dhabi Medical Devices Company, Medtronic plc and BIVACOR INC.
The UAE Ventricular Assist Device market has been segmented on the basis of Type, Application, and Design Segmentation. Based on Type, the market comprises of Left Ventricular Device, Right Ventricular Device and Biventricular Device. The Application type includes Bridge-to-transplant (BTT), Bridge-to-recovery (BTR) and Destination Therapy and the Design type includes Implantable Ventricular Assist and Transcutaneous Ventricular Assist Devices
The research report “UAE Ventricular Assist Device Market” provides in-depth analysis of the Ventricular Assist Device market, in U.A.E, based on application type, design type and type for the forecast period from 2018 to 2025. The report highlights the major market drivers propelling the growth as well as challenges faced by the market participants. The research report provides market size and forecast for Ventricular Assist Device Market. The report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.
Key questions answered in this research report:
1- At what pace is the Ventricular Assist Device market growing in U.A.E.? What will be the growth trend in future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the coming years?
3- What are the various application areas and how they are poised to grow?
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