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Ventricular Assist Device Market: Global Industry Analysis And Forecast 2022-2031 - By Product, By Design, By Application And By End-User

Ventricular Assist Device Market

Ventricular Assist Device Market

The global ventricular assist device market report by the business research company identifies increasing in the prevalence of cardiovascular disorders to be a major growth driver for the ventricular assist device market. Cardiovascular disorders are heart diseases caused by high blood pressure, smoking, high cholesterol, inactivity, and other factors. The increase in the prevalence of cardiovascular disorders is also due to noncontagious diseases such as diabetes, chronic respiratory illness, and heart attacks due to hypertension. The significant increase in cardiovascular disorders is expected to boost demand for ventricular assist devices as they act as a vital support system for severely ill cardiac patients. For instance, according to the World Health Organization (WHO), in 2019, 17.9 million people died from cardiovascular diseases, accounting for 32% of all global deaths. Of these, 85% of deaths were due to stroke and heart attack. Therefore, the increase in the prevalence of cardiovascular disorders is expected to boost demand for ventricular assist devices during the forecast period.

The global ventricular assist device market size is expected to grow from $1.51 billion in 2021 to $1.70 billion in 2022 at a compound annual growth rate (CAGR) of 13.01%. The global ventricular assist device market size is expected to reach $2.69 billion in 2026 at a CAGR of 12.16%.

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North America was the largest region in the ventricular assist device market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global ventricular assist device market during the forecast period. The regions covered in the ventricular assist device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Major players in the ventricular assist device market are Berlin Heart GmbH, Abiomed Inc, ReliantHeart Inc, CorWave SA, Cirtec, Abbott, Cardiac Assist Inc, Jarvik Heart Inc, Bivacor Inc, Calon Cardio, Terumo Medical Corporation, Syncardia Systems LLC, Boston Scientific Corporation, Heart Ware International, and LivaNova PLC.

The countries covered in the ventricular assist device market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

The global ventricular assist device market is segmented -
1) By Product: Left Ventricular Assist Devices (LVADs), Right Ventricular Assist Devices (RVADs), Biventricular Assist Devices (BIVADs)
2) By Type: Pulsatile Flow, Continuous Flow
3) By Design: Transcutaneous Ventricular Assist Devices, Implantable Ventricular Assist Devices
4) By Application: Bridge-to-Transplant (BTT) Therapy, Destination Therapy, Bridge-to-Recovery (BTR) Therapy, Bridge-to-Candidacy (BTC) Therapy
5) By End User: Hospitals, Ambulatory Surgical Centers, Cardiology Centers

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The ventricular assist device Market Report Contents Include
1. Executive Summary
2. Ventricular Assist Device Market Characteristics
3. Ventricular Assist Device Market Trends And Strategies
4. Impact Of COVID-19 On Ventricular Assist Device
5. Ventricular Assist Device Market Size And Growth
....
26. Africa Ventricular Assist Device Market
27. Ventricular Assist Device Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Ventricular Assist Device Market
29. Ventricular Assist Device Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the ventricular assist device market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that excels in company, market, and consumer research. It has published over 3000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

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