Left Ventricular Assist Device (LVAD) Market (2023 to 2029) - Growing Applications Across Industry Verticals - AbioMed, Abbott (Thoratec), Medtronic (HeartWare), Berlin Heart

Analysts' Viewpoint on Left Ventricular Assist Device (LVAD) Market Scenario

The latest global Left Ventricular Assist Device (LVAD) Market report provides conclusive information about the industry overview, modern trends, demand, and recent development affecting the market growth during the upcoming year. Report also covers the new business development, price, revenue, gross margin, market size, share, potential growth, and upcoming strategy followed by leading players. The research report provides insight into main drivers, challenges, opportunities and risk of the market. Key players are profiled as well with their market shares in the Market discussed. Overall, this report covers the historical situation, present status and the future prospects. 

The size of the global market for ventricular assist devices, estimated at USD 1.15 billion in 2022, is expected to increase by USD 2.56 billion by 2030, representing a CAGR of 10.8% over the forecast period.
Heart Failure (HF) is becoming more commonplace at an alarming rate all over the world. The prevalence of the disease is rising as a result of various factors, including unhealthy diets and lifestyle changes. According to a piece written by the AME Publishing Company, approximately 64.4 million people worldwide were estimated to have heart failure in 2020. Out of all patients who had heart failure, 51% had severe heart failure.

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Our Sample Report Includes:

- 2023 Updated Report Introduction, Overview, and In-depth industry analysis
- COVID-19 Pandemic Outbreak Impact Analysis Included
- 150 + Pages Research Report (Inclusion of Updated Research)
- Provide Chapter-wise guidance on Request
- Left Ventricular Assist Device (LVAD) Market Research methodology

Top Companies Covered in This Report:

AbioMed, Abbott (Thoratec), Medtronic (HeartWare), Berlin Heart, Jarvik Heart, Sun Medical Technology Research, ReliantHeart, Market Segment by Product Type, BTT Therapy, Destination Therapy (DT) and Other…

KEY INDUSTRY DEVELOPMENTS:

September 2022 - Abbott acquired Walk Vascular, LLC. Walk Vascular, LLC is a medical device company involved in developing a minimally invasive mechanical aspiration thrombectomy system to eliminate blood clots.

September 2021 - Abbott partnered with Cereno Scientific to use cutting-edge monitor device - CardioMEMS technology in an upcoming Phase II study with CS1 for the treatment of the rare disease pulmonary arterial hypertension and thrombotic indications.

February 2020 - Abbott announced the winning of a breakthrough device designation for a fully implantable LVAD with an aim to increase its brand

Left Ventricular Assist Device (LVAD) Market Report identifies various key players in the market and sheds light on their strategies and collaborations to combat competition. The comprehensive report provides a two-dimensional picture of the market. By knowing the global revenue of manufacturers, the global price of manufacturers, and the production by manufacturers during the forecast period of 2023 to 2029, the reader can identify the footprints of manufacturers in the industry.

On the basis of product type:

BTT Therapy

Destination Therapy (DT)

Other

the basis of the applications:

Hospitals

Clinics

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Regions Covered in the Left Ventricular Assist Device (LVAD) Market Report 2023

The key regions covered in the Left Ventricular Assist Device (LVAD) market report are North America,

Europe, Asia Pacific, Latin America, Middle East and Africa. It also covers

key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy,

Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia,

Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia,

U.A.E, etc.

The market size in North America stood at USD 0.59 billion in 2022. The dominance of this regional market is attributable to the growing prevalence of cardiovascular diseases in the region. Moreover, an increasing number of collaborations and agreements amongst the key players emphasizing the development of this market have been fueling the adoption of these devices in the region.

Europe held the second-largest share in the market and is expected to grow at a significant CAGR owing to rising investments in the market coupled with newer product launches.

The market in Asia Pacific exhibited the highest CAGR owing to advancements in healthcare facilities and favorable government policies. Medical device companies are making investments in the region for these devices to increase their adoption in the market, which is projected to boost the market growth.

Significance of the report which makes it worth buying:

- A broad and precise understanding of Left Ventricular Assist Device (LVAD) Industry is offered in the segmented form based on product types, applications, and regions.

-Industry Drivers and challenges affecting the industry growth are presented in this report.

- Evaluating the market competition and planning the business strategies accordingly

- Understanding Industry business plans, policies, technological advancements, and company profiles of top players.

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Table of Contents:

Introduction of the Global Left Ventricular Assist Device (LVAD) Market
- Overview of the Market
- Scope of Report
- Assumptions
Executive Summary
Research Methodology of Market Intelligence Data
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
Global Left Ventricular Assist Device (LVAD) Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
Global Left Ventricular Assist Device (LVAD) Market, By Product
Global Left Ventricular Assist Device (LVAD) Market, By Application
Global Left Ventricular Assist Device (LVAD) Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Left Ventricular Assist Device (LVAD) Manufacturing Cost Analysis
Global Left Ventricular Assist Device (LVAD) Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
Industrial Chain, Sourcing Strategy and Downstream Buyers
Marketing Strategy Analysis, Distributors/Traders
Company Profiles
Appendix

Critical Questions Answered in the Report

What are the key trends in the market?
How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
What is the impact of COVID-19 on the market?
What are the key strategies adopted by the major vendors to lead in the market?
What is the market share of the top vendors?

Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.

Can I modify the scope of the report and customize it to suit my requirements?

Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.

- Country level market for Left Ventricular Assist Device (LVAD) market (up to 5)
- Profiling and additional market players (up to 5)
- up to 40 hours of customization.

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