Pune, India -- (SBWIRE) -- 03/28/2019 -- According to a new market research study titled 'Percutaneous Mechanical Circulatory Support Devices Market to 2027 - Global Analysis and Forecasts by Product, End User, and Geography. The global percutaneous mechanical circulatory support devices market is expected to reach US$ 2,977.8 Mn in 2025 from US$ 1,188.2 in 2017. The market is estimated to grow with a CAGR of 12.3% from 2018-2025. The report highlights the trends prevalent in the global percutaneous mechanical circulatory support devices market and the factors driving the market along with those that act as deterrents to its growth.

Global percutaneous mechanical circulatory support devices market, based on the product was segmented into intra-aortic balloon pumps, VA-extracorporeal membrane oxygenators (ECMO), and short-term ventricular assist devices. In 2017, the intra-aortic balloon pumps segment held a largest market share of 42.0% of the percutaneous mechanical circulatory support devices market, by product. This segment is also expected to dominate the market in 2025.

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Top Dominating Key Players:

1. Abbott
2. Medtronic
3. Getinge AB
4. Teleflex Incorporated
5. LivaNova PLC
6. ABIOMED
7. EUROSETS
8. Berlin Heart
9. Jarvik Heart, Inc.
10. CardioBridge GmbH

The use of IABP is likely to be more prevalent in the coming years and advancements in the technology of these pumps can prove useful to assess the effectiveness of acute interventions that is likely to increase the demand of these products. Furthermore, the short-term ventricular assist devices segment is anticipated to witness the fastest growth rate during the forecast period, 2018 to 2025.

Driving factors such as increasing geriatric population, increasing prevalence of cardiovascular diseases and shortage of heart donors are expected to boost the market growth over the years. However, high costs of these devices and procedures associated with them as well as product recalls are likely to have a negative impact on the growth of the market in the coming years. On the other hand, development of market from the emerging nations is one of the rising opportunity that can be focused by market players to venture and gain significant revenues.

The report segments the global percutaneous mechanical circulatory support devices market as follows:

Global Percutaneous Mechanical Circulatory Support Devices Market - By Product

- Intra-Aortic Balloon Pumps
- VA-Extracorporeal Membrane Oxygenation (ECMO)
- Oxygenators
- Short-Term Ventricular Assist Devices (VADs)
- Impella
- TandemHeart

Global Percutaneous Mechanical Circulatory Support Devices Market - By End User

- Hospitals
- Ambulatory Surgical Centers
- Others

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