Ventricular Assist Devices Market Trend and Demands 2019 with Key Players: Terumo Medical Corporation, Medtronic, Abiomed, LivaNova
Recent technological advancements in the design and functioning of ventricular assist devices making it more efficient, risk-free and less invasive will lead to growing demand and adoption rate of the device. Improvements in the devices and the implantation procedures has reduced the health risk and increased the survival rate in patients. These rapid technological advancements will be one of the major factors for boosting the market growth in the near future.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Terumo Medical Corporation
• Berlin Heart GmbH
• BiVACOR Inc
• Cardiobridge GmbH
• Evaheart, Inc.
• Maquet Getinge Group
• HeartWare Inc
• ReliantHeart Inc.
• SynCardia Systems, LLC
• Kalila Medical (Abbott Laboratories)
Left ventricular assist devices market held most of market share in the year 2017 and was valued over USD 829.9 million. Increase in number of people suffering from end-stage heart failure will result in growing demand and adoption rate for LVAD devices, enhancing the left ventricular assist devices market growth in the near future.
Right ventricular assist devices market is estimated to grow at a robust CAGR of 10.6% in the forthcoming years. Increase in number of people suffering from acute right ventricular failure will result in boosting the demand and adoption rate, thereby augmenting business growth in the near future.
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Bridge-to-candidacy (BTC) therapy market held the maximum market share and was valued around at USD 316.4 million in the year 2017. Decrease in number of heart donors across the globe has resulted in people opting for ventricular assist devices, but the patients that are not listed for transplantation are provided BTC therapy. Increase in use of BTC therapy for severe heart failure patients needing ventricular assist device implantation urgently will enhance the market growth in the near future.
Destination therapy market is projected to witness considerable amount of growth at a CAGR of 10.8% during the forecast time period. Destination therapy provides long-term support to the patients and is one of the most advised therapies in the treatment of severe end-stage heart failure amongst the population. Several benefits provided such as high survival rate, better quality of life, cost-effectiveness and cost utility will be one of the major reasons for boosting the growth of ventricular assist devices market for destination therapy.
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Ventricular assist devices market by Product
• Left ventricular assist devices (LVADs)
• Right ventricular assist devices (RVADs)
• Biventricular assist devices (BIVADs)
• Percutaneous Ventricular Assist Devices
• Total Artificial Heart
Ventricular assist devices market by Application
• Destination therapy
• Bridge-to-candidacy (BTC) therapy
• Bridge-to-transplant (BTT) therapy
• Bridge-to-recovery (BTR) therapy
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