View Report Details Global LVAD Market Report ----------------------------------------2015
View Report Details Executive Summary Left ventricular assist devices (LVADs) are mechanical heart pumps used to support a failing heart in patients with advanced heart failure. LVADs are lifesaving modules for patients who need temporary cardiac assistance and for those waiting for heart transplantation. They are used in the bridge-to-transplantation (BTT), destination therapy (DT) and bridge to recovery. LVAD is a key potential area of focus for researchers and various manufacturers at present. The cost-effectiveness and increased insurance reimbursement conditions are likely to increase the demand for LVADs in the future. The report “Global LVAD Market� provides a comprehensive analysis of the global market for LVAD, global BTT and DT market along with in-depth study of the US market and focus on application area worldwide. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The three major players in the industry, Thoratec Corporation, Heartware International Inc. and Abiomed Inc. are being profiled. The key factors driving the growth of the LVAD market are increasing diabetic population, rising healthcare expenditure, ageing population and technological developments. Some of the noteworthy trend and developments of this industry are new product development and expansion in number of LVAD centers. However, the expansion of global LVAD market is hindered by serious adverse events with implantable LVADs and barriers for DT adoption By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
Factors like increasing diabetic population, rising healthcare expenditure, ageing population are driving LVAD market globally….. Global LVAD Market – by Value (2011-2015E) The global LVAD market increased to US$... million in 2014 from US$... million in 2013, showing an incline of …% and is anticipated to reach US$... million by 2015.
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The global LVAD market increased from … units in 2013 to … units in 2014. The same registered a CAGR of …% for the period spanning 2008-2014. As of 2014, the US LVAD market was worth US$... million, representing an incline of …%, as compared to US$... million in 2013. The same registered a CAGR of …% for the period spanning 2011-2014. 2011
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Global LVAD Market (2011-2016E)
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The US LVAD Market – by Value (2011-2016E)
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Factors like increasing diabetic population, rising healthcare expenditure, ageing population are driving LVAD market globally….. The US LVAD Market - by Volume (2011-2016E)
In terms of volume, the US LVAD market was recorded at … units in 2014, as compared to … units in 2013, representing growth of …% and expected to reach … units by 2016. The US LVAD market grew at a CAGR of …% for the period 2011-2016. The US LVAD BTT market was recorded at … units in 2014, as compared to … units in 2013. The US LVAD DT market increased to … units in 2014, from … units in 2013, depicting an incline of …%. 2011
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Economic development, demand for LVADs for bridge to transplantation (BTT) and bridge to recovery therapies will drive the LVAD market…
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Global LVAD Market Forecast (2014-2018E)
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In terms of volume, the global LVAD market is poised to grow at compound annual growth rate of …% from … units in 2014 to … units in 2018.
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The driving force for the global LVAD market are growing ventricular assist device (VAD) therapy, rising healthcare expenditure, ageing population, and technological developments.
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The market is expected to be driven by growing patient population and the growing demand for LVADs for bridge to transplantation (BTT) and bridge to recovery therapies.
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The future growth for LVAD market would mainly be driven by new product development and global GDP.
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