Ventricular restoration systems offers a less invasive intervention for heart failure patients. Cardiovascular diseases are on a consistent rise in countries around the world. According to WHO, cardiovascular diseases take an estimated 17.9 million lives each year and is the no. 1 cause of death worldwide. Thus, there is an increase focus on inventing treatments that will reduce the fatalities and mortality rate caused by this diseases.
Several developments in the cardiac field has been made to provide better care. For instance, Ancora Heart initiated a U.S.-based feasibility study to evaluate the AccuCinch ventricular repair system, in May 2019. These developments will further propel augment the growth of the ventricular restoration systems market.
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Ventricular Restoration Systems Market: Segmentation
Tentatively, the global Ventricular restoration systems Market market has been segmented on the basis of application and end-user.
Based on Application, the global Ventricular restoration systems Market market is segmented as:
- Percutaneous ventricular restoration
- Surgical ventricular restoration
Based on distribution channel, the global Ventricular restoration systems Market market is segmented as:
- Specialty clinics
- Ambulatory surgical centers
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Ventricular Restoration Systems Market: Key players
Some of the players identified in the Ventricular restoration systems Market include:
- Bioventrix Inc.
- Xeltis AG
- Neochord Inc.
- CryoLife Inc.
- Edwards Lifesciences Corp.
- CardioKinetics Inc.
Ventricular Restoration Systems Market: Regional-Wise Outlook
Geographically, the Ventricular restoration systems Market market is segmented into seven regions viz. South Asia, East Asia, Europe, Latin America, North America, Oceania and Middle East and Africa.
North America is expected to hold the largest market share in the ventricular restoration systems market. This can be attributed towards high demand and adoption of the ventricular restoration systems. Moreover, this well-established healthcare system along with skilled professional will also serve as one of the major factors leading to the dominance of this region in the global ventricular restoration systems market. The large R&D investments made by key players in this region to cater to the needs of the population also contributes towards the growth of the ventricular restoration systems market in this region.
Europe is expected to hold the 2nd largest market share owing to rising cardiovascular cases in this region. However, East Asia and South Asia is expected to experience fastest growth in the ventricular restoration systems market. The exponentially growing medical device industry in this region will lead to considerable growth of the market in this region. In addition, medical tourism in countries like India will further propel the growth of the ventricular restoration systems market in this region.
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Market Report Highlights:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology Matrix
- Value Chain
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