While the number of patients with end-stage heart failure continues to grow each year, leading data and analytics company GlobalData estimates that less than 5% are on a mechanical circulatory support device. Given the invasive nature of implanting units such as left ventricle assist devices (LVADs) through open surgery, only a small percentage of patients are eligible to undergo the intervention.
Sheryl Tang Medical Devices Analyst at GlobalData comments: "A lateral thoracotomy involves an incision made between a person's ribs to access the heart, as opposed to open surgery. This less-invasive approach results in fewer complications, less bleeding, and shortened recovery time, which may result in a rapid expansion of the patient pool as more patients will be able to receive an LVAD."
Abbott recently announced the US Food and Drug Administration (FDA) approval of its HeartMate 3 LVAD via a less-invasive approach than open heart surgery, following a similar approval of Medtronic's HeartWare HVAD pump almost one year ago.
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Tang continues: "GlobalData estimates that the mechanical circulatory support devices market for heart failure will reach $1.5bn by 2028 and the LVAD market will grow at a compound annual growth rate (CAGR) of approximately 6%. While Medtronic had a head start in obtaining FDA approval, Abbott's HeartMate 3 was the market leader in 2019, now that both companies are able to implant the device using a less-invasive approach, the market leader will be determined by which device demonstrates superiority in patient outcomes."
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