Cardiac Assist Devices Market - Forecast (2022 - 2027)
Cardiac assist devices market size was valued at $1,307 million in 2020 and is anticipated to grow at a CAGR of 8.2% during the forecast period 2021-2026. The cardiac assist devices industry growth rate is attributed to the increasing focus on the growing demand for efficient cardiac assist devices in developed countries, along with an increase in the prevalence of heart failure which is poised in bringing new opportunities. Cardiac Assist Devices (CADs) are blood pumps that support the circulatory functions of severely ill cardiac patients. CADs are usually implanted in patients with acute heart failure, for example after myocardial infarction or after surgery. Furthermore, patients awaiting a heart transplant, whose cardiac function deteriorates before a suitable organ can be implanted, need circulatory support for the period before a transplant. In selected patients with dilative cardiomyopathy, a CAD might be removed after a prolonged support period, and when the patient’s o...