DUBLIN, September 16, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Ventricular Assist Devices Market 2016-2020" report to their offering.
The report forecasts the global ventricular assist devices (VADs) market to grow at a CAGR of 12.04% during the period 2016-2020.
Focusing on evidence-based research will be a key trend for market growth. Vendors are collaborating with researchers, academics, and research institutes to obtain sufficient clinical evidence data for the approval and commercialization of their products. Vendors also initiate clinical trials and research activities of their pipeline products to obtain their efficacy and safety profile. For instance, Thoratec is enrolling people for the HeartMate III US clinical trial. In December 2014, the company enrolled 50 individuals under the HeartMate III CE Mark trial at 10 sites across Europe, Canada, and Australia. In August 2014, the company enrolled 50 individuals for its HeartMate PHP CE Mark trial at sites in Europe and South America.
According to the report, one of the major key drivers for market growth will be to focus on unmet needs for advanced heart failure. The unmet medical needs of the market present significant opportunities for new and emerging vendors to launch new products and expand their businesses. Many available VADs can cause infections and bleeding, affecting the quality of life. This results in poor patient compliance and leads to low survival rates. In addition, these devices have been unsuccessful in significantly improving the treatment options for advanced heart failure. Vendors also need to develop devices that have prolonged duration of action.
Further, the report states that product recalls will be a major challenge for the market.
- Berlin Heart
- St. Jude Medical
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by application
PART 08: Market segmentation by end-user
PART 09: Geographical segmentation
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Major vendors
PART 17: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/g8h8jz/global
Related Topics: Cardiovascular Devices
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SOURCE Research and Markets