Ventricular Assist Devices (VAD) Market 2021: Global Industry Analysis Report to 2027

The global ventricular assist device market size was valued at USD 1.7 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 11% from 2021 to 2027.

Ventricular assist devices, also known as VAD, are mechanical-assisted pumps used to support blood flow and heart function in people with impaired heart function. Ventricular assist devices help draw blood from the lower spaces of the heart and pump it into a healthy heart-like body and organ. VAD supports the patient's heart through or after surgery while the patient is waiting for a heart transplant or until the heart recovers if the patient is not eligible for a heart transplant. VAD can also be a long-term solution for patients with heart disease.

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Ventricular Assist Devices Market Key Segments:

By Product
• Left Ventricular Assist Devices (LVADs)
• Right Ventricular Assist Devices (RVADs)
• Biventricular Assist Devices (BIVADs)

By Application
• Bridge-to-transplant (BTT) Therapy
• Destination Therapy
• Bridge-to-recovery (BTR) Therapy
• Bridge-to-candidacy (BTC) Therapy

By Design
• Transcutaneous Ventricular Assist Devices
• Implantable Ventricular Assist Devices

Key Players

Some of the major players of the market are Abiomed Inc., BiVACOR Inc, Abbott Laboratories (St. Jude Medical Inc.), Medtronic PLC, and Terumo Corporation, among others.

Scope of the Report

The research study analyzes the global Ventricular Assist Devices (VAD) industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Ventricular Assist Devices (VAD) Market Report

1. What was the Ventricular Assist Devices (VAD) Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of Ventricular Assist Devices (VAD) Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Ventricular Assist Devices (VAD) Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

The report covers the following objectives:

• Proliferation and maturation of trade in the global Ventricular Assist Devices (VAD) market.
• The market share of the global Ventricular Assist Devices (VAD) market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the global Ventricular Assist Devices (VAD) market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Ventricular Assist Devices (VAD) market.

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This release was published on openPR.