Global Left Ventricular Assist Device (LVAD) Market is Expected to Grow at 9.6% in the Forecast Period of 2022 to 2029

Global Left Ventricular Assist Device (LVAD) Market is growing due to rising prevalence of cardiovascular diseases, increasing healthcare expenditure is also propelling the growth of the global left ventricular assist device (LVAD) market. However, high cost of LVAD implantation and treatment is expected hamper the growth of the market.

Global Left Ventricular Assist Device (LVAD) Market Scenario

According to Data Bridge Market Research, the market for global left ventricular assist device (LVAD) market in North American region has the highest market share in the global left ventricular assist device (LVAD) market. Market leaders is ABIOMED, which account an estimated market share of approximately 55% to 60%. The company has gained outstanding sale through providing left ventricular assist device (LVAD) products.

  • In August 2021, the United States Food and Drug Administration (FDA) granted breakthrough device designation to Abiomed’s Impella ECP expandable percutaneous heart pump. The designation means the FDA will prioritize Impella ECP’s regulatory review processes including design iterations, clinical study protocols and pre-market approval (PMA) application. This enhanced the company’s foothold in the market.

Left Ventricular Assist Device (LVAD) MarketTrends Impacting the Market

Now the question is which other regions ABIOMED, Abbott, and Berlin Heart are targeting? Data Bridge Market Research has estimated a large growth in North America left ventricular assist device (LVAD) market and the market leaders targeting U.S. and Canada to be their next revenue pockets for 2021.

The global left ventricular assist device (LVAD) market is becoming more competitive with companies such as ABIOMED, Abbott, and Berlin Heart as they are the top dominating companies in global left ventricular assist device (LVAD) market having maximum number of products. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the global left ventricular assist device (LVAD) market.

For more analysis on the global left ventricular assist device (LVAD) request for a briefing with our analysts  https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-left-ventricular-assist-device-lvad-market

Scope of the Global Left Ventricular Assist Device (LVAD) Market

Global left ventricular assist device (LVAD) market is segmented on the basis of countries into U.S., Canada, Mexico, Germany, France, United Kingdom, Italy, Russia, Spain, Turkey, Netherlands, Switzerland, Belgium, Ireland, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Philippines, Indonesia, Rest of Asia-Pacific, Brazil, Argentina, rest of South America, Saudi Arabia, South Africa, U.A.E., Egypt, Israel, rest of Middle East and Africa.

  • On the basis of product type, the global left ventricular assist device (LVAD) market is segmented into heart pump, controller, batteries and wires. Batteries are further segmented into rechargeable and non-rechargeable. Based on therapy, the Europe left ventricular assist device (LVAD) market is segmented bridge-to-transplant (BTT) therapy, destination therapy, bridge-to-candidacy (BTC) therapy, bridge-to-recovery (BTR) therapy. Based on age group, the Europe left ventricular assist device (LVAD) market is segmented into adult and paediatric. Adult is further segmented into 19-39 years, 40-59 years, 60-79 years, and above 80 years. Based on indication, the Europe left ventricular assist device (LVAD) market is segmented into congestive heart failure, congenital heart disease, myocarditis, cardiac arrest, familial arrhythymias and arrhythmic cardiomyopathies, advanced heart failure and others. Based on generation, the Europe left ventricular assist device (LVAD) market is segmented into second generation devices, third generation devices, and first generation devices. Based on durability, the Europe left ventricular assist device (LVAD) market is segmented into long-term, intermediate-term, short-term.

To know more about this study  https://www.databridgemarketresearch.com/reports/global-left-ventricular-assist-device-lvad-market

Key Pointers Covered in Global Left Ventricular Assist Device (LVAD) Market Industry Trends and Forecast to 2029

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries

Key Market Competitors Covered in the Report

The key market players for global left ventricular assist device (LVAD) market are listed below:

  • Abbott
  • Evaheart, Inc,
  • Saft (A Subsidiary of Total Energies)
  • ABIOMED
  • Berlin Heart
  • CorWave SA
  • Jarvik Heart, Inc.

Above are the key players covered in the report, to know about more and exhaustive list of global left ventricular assist device (LVAD) market companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-left-ventricular-assist-device-lvad-market

Research Methodology: Global Left Ventricular Assist Device (LVAD) Market

Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Clinicians, Healthcare Professionals, Researchers, and Academician
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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