Research And Markets released a report detailing the growth of cardiac assist devices in an analysis period of 2023 to 2028, beginning at $2.89 billion in 2022, predicted to reach $6.23 billion by 2028. This trend signifies an evolving healthcare landscape and underscores the increasing reliance on such devices in managing heart-related ailments.
Diving deeper into the factors contributing to this growth, we turn to a recently published article. According to a Cision's PR Newswire article, the cardiac assist devices market is being driven by a combination of the increasing number of people developing coronary diseases, an increase in new therapies, the decrease in price for these devices, increasing acceptance of these devices, especially in emerging countries, and the new developments of these devices in the medical field. Globally, the number of patients waiting for a heart transplant has more than doubled over the past five years; only a very small amount of these people get to have a transplant because of the limited number of healthy organs available. Transplants are considered commonly the best option for patients who struggle with heart failure, however, it is a scarce practice. This has increased the number of patients who now have need for cardiac assist, pushing market for cardiac assist devices.
To further understand what these cardiac assistance devices are and how they function, let's consider some expert insights from Mayo Clinic. According to Mayo Clinic online, a cardiac assistance device or ventricular assist device (VAD), is a tool that helps pump blood from lower chambers of heart to body. VADs are used as treatment for weakened hearts or heart failure. These devices sometimes used as permanent solutions for failing heart. These devices give constant flow blood from heart to body giving them title continuous flow device.
Now that we have a clearer understanding of the devices and their impact, let's explore a bit about the organization behind this enlightening report. According to their online About Us page, Research and Markets is world’s largest market research store helping provide data and insight for over 450 clients and 800 different industries and markets. Research and Markets was founded in 2002 now headquartered next to Guinness Brewery in Dublin, Ireland. They offer extremely diverse range of data and information covering multitudes of industries from "Automotive to Telecommunications to Zoology and (almost) everything in between!"