2014-03-17 00:43:03 - MediPoint: Cardiac Assist Devices - Global Analysis and Market Forecasts - a new market research report on companiesandmarkets.com
A global increase in Congestive Heart Failure (CHF) prevalence, combined with improved device adoption rates, will see the worldwide Cardiac Assist Devices (CAD) market to grow by 93% by 2019. CAD sales are expected to reach a value of US$2.3 billion in 2019, climbing at a Compound Annual Growth Rate (CAGR) of 18.8% from US$1.1 billion in 2012.
The CAD market, comprising Intra-Aortic Balloon Pumps (IABP), Ventricular Assist Devices (VAD) and Total Artificial Hearts (TAH), is expected to experience increasing revenue due to a lack of available of heart transplants combined with an expanding population suffering from end-stage heart failure. We estimates the global CHF population to reach approximately 31 million in 2019, from 2012´s total of 25 million.
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