Ventricular Assist Devices Market

Ventricular Assist Devices Market Share, Size, Industry Report 2022-2027

by

Global Ventricular Assist Devices Market Overview:

The latest report by IMARC Group, titled “Ventricular Assist Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the ventricular assist devices market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global ventricular assist devices market size reached a value of US$ 1.56 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.80 Billion by 2027, exhibiting at a CAGR of 10.09% during 2022-2027.  

A ventricular assist device (VAD), also called a mechanical circulatory support device, represents a mechanical pump that helps to transport blood from the lower chambers of the heart to all body parts. It comprises of three components, which include tubes, an electronic controller, and a power source. A ventricular assist device is implanted in patients for short-term treatments to support heart functions post-surgery. It finds various applications in the bridge-to-transplant (BTT), bridge-to-recovery (BTR), bridge-to-candidacy (BTC), and destination therapies. Ventricular assist devices are widely utilized in medical laboratories, research centers, hospitals, clinics, etc., across the globe.

Request Free Sample Report: https://www.imarcgroup.com/ventricular-assist-devices-market/requestsample

The growing incidences of several cardiovascular diseases and disorders, including hypertension, ventricular septal defect, heart failure, etc., are among the key factors driving the ventricular assist devices market. In addition to this, the limited number of existing heart donors is escalating the demand for VADs, which is further propelling the market growth.

Moreover, various leading manufacturers in the healthcare industry are incorporating technological advancements, such as miniature devices with infection control technology, to address several complications, including the high risk of infection, thrombus formation, blood trauma, etc. This, in turn, is also positively influencing the global market. Apart from this, numerous clinical trials are being undertaken to enhance the survival rate of patients by improving the durability, functionality, efficiency, etc., of VADs, which is expected to fuel the ventricular assist devices market over the forecasted period.

Competitive Landscape with Key Players:

  • Abbott Laboratories (ABT)
  • Abiomed, Inc.
  • Berlin Heart GmbH (Syscore GmbH)
  • BiVACOR, Inc.
  • Calon Cardio Technology Limited
  • Cardiacassist Inc. (LivaNova PLC)
  • CHF Solutions, Inc.
  • Jarvik Heart, Inc.
  • MAQUET GmbH (Getinge Group)
  • Medtronic Plc
  • Syncardia Systems LLC (Versa Capital Management LLC)
  • TandemLife (LivaNova Plc)
  • Terumo Corporation.

Key Market Segmentation:

Breakup by Product:

  • Left Ventricular Assist Device (LVAD)
  • Right Ventricular Assist Device (RVAD)
  • Biventricular Assist Device (BiVAD)
  • Others

By Flow Type:

  • Pulsatile Flow
  • Non-Pulsatile or Continuous Flow

By Product Type:

  • Implantable Ventricular Assist Devices
  • Non-implantable Ventricular Assist Devices

Breakup By Application:

  • Bridge-to-Transplant (BTT) Therapy
  • Destination Therapy
  • Bridge to Recovery and Bridge to Candidacy

By End-User:

  • Ambulatory Surgery Centers
  • Hospital
  • Others

Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

Read More: https://forbes.com.in/