Global Ventricular Assist Device Market, By Product (Left Ventricular Assist Devices, Right Ventricular Assist Devices, Biventricular Assist Devices), Application (Bridge-to-transplant (BTT) Therapy, Destination Therapy, Bridge-to-recovery (BTR) Therapy, Bridge-to-candidacy (BTC) Therapy), Design (Transcutaneous Ventricular Assist Devices, Implantable Ventricular Assist Devices), Type (Pulsatile Flow, Continuous Flow), Age (Below 18, 19-36, 40-59, 60-79, Above 80), End- Users (Hospitals, Home Care Setups, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
Ventricular assist device market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 11.40% in the above-mentioned forecast period. Rise in the awareness about the heart failure treatment among population drives the ventricular assist device market.
Ventricular assist device is defined as a type of mechanical pump that is specially designed for the people with weak heart so that it can support the function of their heart and flow of blood. They are very useful in conditions like high blood pressure, heart failures, diabetes, lung diseases among others.
Rise in the technological advancement and development is the vital factor escalating the market growth, also rise in the geriatric population and increase in the cardiovascular diseases are the major factors among others driving the ventricular assist device market. Moreover, increase in the number of product approvals and rise in the emerging markets will further create new opportunities for ventricular assist device market in the forecasted period of 2021-2028.
However, complications associated with LVAD implantations and lack of funding for destination therapy are the major factors among others which will obstruct the market growth, and will further challenge the growth of ventricular assist device market in the forecast period mentioned above.
This Ventricular assist device market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on ventricular assist device market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Ventricular Assist Device Market Scope and Market Size
Ventricular assist device market is segmented on the basis of product, application, design, type, age and end-users. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, ventricular assist device market is segmented into left ventricular assist devices, right ventricular assist devices and biventricular assist devices.
- Based on application, the ventricular assist device market is segmented into bridge-to-transplant (BTT) therapy, destination therapy, bridge-to-recovery (BTR) therapy and bridge-to-candidacy (BTC) therapy.
- Based on design, the ventricular assist device market is segmented into transcutaneous ventricular assist devices and implantable ventricular assist devices.
- Based on type, the ventricular assist device market is segmented into pulsatile flow and continuous flow.
- Based on age, the ventricular assist device market is segmented into below 18, 19-36, 40-59, 60-79 and above 80.
- The ventricular assist device market is also segmented on the basis of end-user into hospitals, home care setups and others.
Ventricular Assist Device Market Country Level Analysis
Ventricular assist device market is analysed and market size insights and trends are provided by country, product, application, design, type, age and end-users as referenced above.
The countries covered in the ventricular assist device market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the ventricular assist device market due to rise in the presence of well-established reimbursement policies and increase in the awareness pertaining to ventricular assist devices such as bridge-to-transplant, bridge-to-recovery, and destination therapies in this region. Asia-Pacific is the expected region in terms of growth in ventricular assist device market due to rise in the geriatric population and increase in the cardiovascular diseases in this region.
The country section of the ventricular assist device market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Ventricular assist device market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for ventricular assist device market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the ventricular assist device market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Ventricular Assist Device Market Share Analysis
Ventricular assist device market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ventricular assist device market.
The major players covered in the ventricular assist device market report are Abbott, ABIOMED., Berlin Heart, BiVACOR Inc., CardiacAssist, Inc, Evaheart, Inc., Jarvik Heart, Inc., Medtronic, Terumo Corporation, ReliantHeart Inc., Calon Cardio-Technology Ltd, LivaNova PLC, HeartWare, Thoratec Corporation, Getinge AB, SynCardia Systems, LLC., CHF Solutions, Inc and Cardiobridge GmbH among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.