Global Mechanical Circulatory Support Devices Market to Surge to USD 4.24 Billion by 2030, Driven by Technological Advancements and Rising Cardiovascular Disease Prevalence [Yahoo! Finance...
Abbott Laboratories (ABT)
Last abbott laboratories earnings: 4/16 07:30 am
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Source: Yahoo! Finance
In an epoch where technological advancements and healthcare needs are escalating, the global mechanical circulatory support devices market stands as a testament to innovation responding to dire health challenges. Forecasted to grow at a compound annual growth rate (CAGR) of 9.44% from 2024 to 2030, the market is projected to reach a valuation of USD 4.24 billion by the end of the forecast period. The Emerging Landscape of Support Devices An increase in the prevalence of cardiovascular diseases (CVDs) coupled with the escalating number of risk factors such as obesity, hypertension, and an aging population have buttressed the necessity for mechanical circulatory support (MCS) devices. Ventricular assist devices, particularly the Left Ventricular Assist Device (LVAD), are projected to dominate this segment due to significant technological advancements and the persistent shortage of organ donors. Regional Market Insights and Predictions North America is poised to lead the global
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ABT
Earnings
- 4/17/24 - Beat
ABT
Sec Filings
- 7/2/24 - Form 4
- 7/2/24 - Form 4
- 7/2/24 - Form 4
- ABT's page on the SEC website