Ventricular Assist Devices Market 2020 Global Research On Latest Developments by key players, Segmentation And Opportunities Forecast To 2027

The major factors that contribute to the market growth include technological advancements in ventricular assist devices, awareness among patients about monitoring of the heart, and treatment options for management of cardiac disorders. Moreover, increased presence unmet medical needs in the developing and the under developed regions of the world is anticipated to provide lucrative opportunities for the market growth. However, the main challenge in the market is high cost of the VAD procedure. Also, bleeding complications and other associated risks hamper the growth of the ventricular assist devices market.

Ventricular assist device (VAD) is used to assist a damaged or weakened heart in pumping blood. The device is surgically attached to one or both intact ventricles and thus assists cardiac circulation.

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According to a new report published by Allied Market Research titled "Ventricular Assist Devices Market by Product (Left Ventricular Assist Device [LVAD], Right Ventricular Assist Device [RVAD], and Biventricular Assist Device [BIVAD]), Application (Bridge-to-transplant [BTT] Therapy, Destination Therapy, Bridge-to-recovery [BTR] Therapy, and Bridge-to-candidacy [BTC] Therapy), and Design (Transcutaneous Ventricular Assist Device and Implantable Ventricular Assist Device) - Global Opportunity Analysis and Industry Forecast, 2020-2027

Global Market Size of Ventricular Assist Devices Market is $XX million in 2019 with XX CAGR, and it is expected to reach $XX million by the end of 2027 with a CAGR of XX% from 2020 to 2027.

The report lays emphasis on the key trends and opportunities that may emerge in the near future and positively impact the overall industry growth. Additionally, challenges and restraining factors that are likely to curb the growth in the years to come are put forth by the analysts to prepare the manufacturers for future challenges in advance.

The major companies profiled in the report are Abiomed, Inc., Asahi Kasei Corporation (Evaheart Medical U.S.A., Inc.), Abbott Laboratories (St. Jude Medical, Inc.), Berlin Heart GmbH, Calon Cardio-Technology Ltd., CardiacAssist Technologies, Jarvik Heart, Inc., Medtronic plc, ReliantHeart, Inc., and Terumo Medical Corporation.

Asia-Pacific market is projected to grow at the highest CAGR during the forecast period, owing to increase in awareness about the benefits of digital wound measurement devices in healthcare industry and rise in expenditures in emerging markets (such as India and China) to cater to the unmet medical needs.

Key Benefits Of Report:-

o The study provides an in-depth analysis of the global ventricular assist devices market, with current trends and future estimations to elucidate the imminent investment pockets.

o Quantitative analysis from 2020 to 2027 is expected to enable the stakeholders to capitalize on prevailing market opportunities.

o Comprehensive analysis of all geographical regions is provided to determine the prevailing opportunities.

o Extensive analysis is conducted by closely following key product positioning and monitoring the top contenders within the market framework.

By product, LVADs accounted for the major share of the global ventricular assist devices market in 2016. By application segment, bridge-to-transplant generated the maximum revenue, thus accounting for more than 49% of the global ventricular assist devices market in 2016. In addition, destination therapy segment is expected to witness the highest CAGR of 13.4% during the forecast period. By design, implantable ventricular assist device dominated the market with three-fourths share in the global ventricular assist devices market in 2016.

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