Ventricular Assist Devices Market Demand is expected to increase due to a surge in Cardiovascular Diseases| Abiomed, Medtronic, Abbott

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.

Ventricular assist devices are expected to be highly sought-after among cardiac assist devices, where the former accounts for more than 62% worldwide revenue share of the latter. The rise of VAD is being aided by the rising need for left ventricular assist devices.

Ventricular Assist Devices Market Top Players are:
Abiomed, Medtronic, Abbott, Berlin Heart, Cardiac Assist, Inc., Jarvik Heart, Inc., ReliantHeart, Inc., Sun Medical Technology Research Corp

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They are foreseen to gain popularity as healthcare experts and engineers work on next-generation devices that can be implanted on both sides of the heart. Technological developments have increased cardiac arrest rates, and a scarcity of organ donors is contributing to the Ventricular Assist Devices Market growth.

The market in the United States is anticipated to propagate to be worth US$ 8.5 Billion by 2033, with an absolute dollar growth of US$ 7.2 Billion from 2033 to 2033.

The Ventricular Assist Devices Market in the United Kingdom is predictable to grow to be worth US$ 626.6 Million by 2033, with an absolute dollar growth of US$ 542 Million from 2023 to 2033.
The Ventricular Assist Devices Market in Japan is likely to raise to be worth US$ 760.1 Million by 2033, with an absolute dollar growth of US$ 688 Million.

Segment wise:

By Product Type
-Left Ventricular Assist Device
-Right Ventricular Assist Device
-Bi-Ventricular Assist Device
-Total Artificial Heart
By Flow Type
-Pulsatile Flow
-Continuous Flow
By Application
-Bridge to Transplant
-Destination Therapy
-Other Applications
Ventricular Assist Devices Market By Design Type
-Implantable Ventricular Assist Device
-Transcutaneous Ventricular Assist Device

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This release was published on openPR.