Ventricular Assist Devices Market is expected to Rise due to a Surge in Cardiovascular Diseases| Abiomed, Medtronic, Abbott, Berlin Heart

The Global Ventricular Assist Devices Market is a rapidly growing segment of the medical device industry, with increasing demand for treatment of advanced heart failure. VADs are mechanical devices that assist the heart in pumping blood to the rest of the body, providing a bridge to transplant or serving as destination therapy for those who are not eligible for a heart transplant.

Market Overview:

The Ventricular Assist Devices Market was held at around US$ 2.3 Billion in 2022 and is expected to grow with a CAGR of 22.8% from 2023 to 2033. The increasing incidence of heart failure, advancements in technology, and the shortage of heart donors are some of the key drivers of market growth.

Ventricular Assist Devices Market Players:

Abiomed, Medtronic, Abbott, Berlin Heart, Cardiac Assist, Inc., Jarvik Heart, Inc., ReliantHeart, Inc., Sun Medical Technology Research Corp

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝘁𝗵𝗲 𝘀𝗮𝗺𝗽𝗹𝗲 𝗰𝗼𝗽𝘆 𝗼𝗳 𝗿𝗲𝗽𝗼𝗿𝘁 :
https://www.persistencemarketresearch.com/samples/12223

Types of Ventricular Assist Devices:

There are two types of VADs: Left Ventricular Assist Devices (LVADs) and Right Ventricular Assist Devices (RVADs). LVADs are the most commonly used type of VAD and are implanted on the left side of the heart to assist the pumping of blood to the rest of the body. RVADs, on the other hand, are used to assist the pumping of blood from the right side of the heart to the lungs.

Applications of Ventricular Assist Devices Market:

VADs are used in various applications, including bridge-to-transplant (BTT), destination therapy (DT), and bridge-to-recovery (BTR). BTT is used to keep patients alive while they wait for a heart transplant. DT is used as a permanent therapy for patients who are not eligible for a heart transplant. BTR is used to provide temporary support for patients who have suffered a heart attack or other cardiac event, with the goal of helping the heart recover.

Geographical Overview:

North America is the largest market for VADs, followed by Europe and Asia Pacific. The increasing incidence of heart failure, the growing geriatric population, and the availability of favorable reimbursement policies are the key factors driving the market growth in these regions.

Conclusion:

The global Ventricular Assist Devices Market is expected to continue to grow rapidly in the coming years, driven by the increasing incidence of heart failure and the advancements in technology. The market is highly competitive, with many major players vying for market share. As VAD technology continues to improve, it is likely that the market will continue to grow and expand, providing new treatment options for patients suffering from advanced heart failure.

Key Pointers That the Ventricular Assist Devices Market Report Acknowledges:
✦ Growth rate and market size over the analysis timeframe.
✦ Leading vendors and suppliers of the Ventricular Assist Devices Market.
✦ Exhaustive SWOT analysis of each company.
✦ Detailed PEST analysis by region.
✦ Opportunities and threats faced by the existing vendors in the Ventricular Assist Devices Market.
✦ Strategic initiatives are undertaken by leading players.

You Can Customize this Report as per Your Requirement Click Here:
https://www.persistencemarketresearch.com/request-customization/12223

Contact Us:
Persistence market research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - mailto:sales@persistencemarketresearch.com

About us: -
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

This release was published on openPR.