What are the key trends within the Mechanical Circulatory Support Devices market?
February 7, 2023 ⚊ 1 Min read ⚊ Views 58 ⚊ BUSINESS
The market will grow in North America, significantly in the forecast years due to the high prevalence of aging population and end-stage heart failure. Although the criteria for approval of mechanical circulatory support devices still remain stringent, the reimbursement policies favour the usage of the device because of which the growth is expected to increase.
The market will grow in Europe at a moderate rate. This is mainly attributed to the varying policies followed regarding the adoption and funding in Europe. The market growth is also attributed to the shortage of hearts for transplant which is expected to decline further. However, the cost of the device acts as a restraint to market growth.
Tags: Mechanical Circulatory Support Devices
