Rising prevalence of chronic diseases such as ventricle blockage and heart attacks are major factors driving the global ventricular assist devices market. For More Information Visit - http://www.grandviewresearch.com/industry-analysis/ventricular-assist-devices-market

1. Ventricular Assist Devices Market Analysis By Application
(Left Ventricular Assist Devices (LVAD), Right Ventricular
Assist Devices) Analysis, Regional Outlook, Competitive
Strategies And Segment Forecasts 2015 to 2022
Rising prevalence of chronic diseases such as ventricle blockage and heart attacks
are major factors driving the global ventricular assist devices market. Ventricular
assist devices are pumping equipments which regulates the blood flow from heart
to the body. These devices are generally used to enhance the functioning of
ventricles. In addition, various technological advancements in ventricular assist
equipments such as elongated durability, usage of none or fewer bearings or
valves, rising awareness pertaining to heart disorders and longer life expectancy
are anticipated to further fuel the global ventricular assist devices market over the
forecast period.
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Reports" visit - http://www.grandviewresearch.com/industry-
analysis/ventricular-assist-devices-market

2. Left ventricular assist devices (LVAD) application segment held the largest market
share as of 2014. Rapidly increasing cases of left ventricle disorders worldwide, is
the key factor propelling the growth of left ventricular assist devices market. Right
ventricular assist devices (RVAD) segment is anticipated to witness substantial
growth owing to its usage to support right ventricle after LVAD surgeries.
Increasing usage of ventricular assist devices is a direct consequence of their
increasing applications in kidney and liver transplants. According to WHO, around
17 million people are suffering from cardiovascular diseases globally, in 2012.
This cardiovascular patient base is further expected to increase, which is
anticipated to boost the global ventricular assist devices market over coming seven
years.

3. Geographically, North America dominated the entire ventricular assist devices
market owing to rising incidences of heart ventricle disorders and presence of
prominent player’s FDA’s approved products pertaining to VADs. For example,
HeartMate II Left Ventricular Assist System of Thoratec Corporation. Europe held
the second largest share in terms of revenue due to increasing geriatric population
base. Asia Pacific is expected to witness lucrative growth over the forecast period.
Huge untapped opportunities in the emerging countries such as India and China
and increasing awareness among people about the treatment of heart diseases are
expected to further fuel the growth of ventricular assist devices market over the
forecast period.The global ventricular assist devices market is oligopolistic in
nature with few players dominating the whole market.

4. Some major players operating in the market include Thoratec, Inc., World Heart
Corporation, Terumo Inc, Berlin Heart GmbH and HeartWave International. Other
prominent players in the market include Reliant Heart, SynCardia and Fierce
Medical Devices.
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