Press release
Ventricular Assist Device Market Size set to reach $3.91 Billion by 2029 with a CAGR of 13.1% led by innovation and rise in cardiac disorders
Ventricular Assist Device Market Size
What Is The Projected Market Size Of The Global Ventricular Assist Device Market And Its Growth Rate?
The Ventricular Assist Device Market has seen significant growth recently, thanks to increased heart failure instances and high organ transplant demand. Here are key details:
•The market witnessed growth from $2.12 billion in 2024 to $2.39 billion in 2025, indicating a CAGR of 12.6%.
•By 2029, the market size is projected to reach $3.91 Billion with a CAGR of 13.1% due to growing needs for destination therapy, aging population, expanding healthcare expenditure, and increased awareness of heart failure treatment.
What Is Driving The Growth In The Ventricular Assist Device Market?
Rapid growth in cardiovascular disorders is driving the ventricular assist device market. Cardiovascular disorders result from various factors such as high blood pressure, smoking, high cholesterol, inactivity, and several other diseases like diabetes, chronic respiratory illness, heart attacks brought on by hypertension. Ventricular assist devices act as a crucial support system for severely ill cardiac patients, increasing their demand in the market. The rise in cardiovascular disorders is expected to significantly boost demand for ventricular assist devices in the forecast period.
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Who Are the Key Players Driving Ventricular Assist Device Market Growth?
The major companies operating in the Ventricular Assist Device Market are:
•Abiomed
•Abbott Laboratories
•Medtronic
•LivaNova PLC
•Terumo Corporation
•Berlin Heart GmbH
•Cirtec
•Jarvik Heart Inc.
•SynCardia Systems LLC.
•And many more
What Are The Key Trends In The Ventricular Assist Device Market?
Major trends in the Ventricular Assist Device Market include:
•Focus on extending effective life of VADs
•Miniaturization of VADs
•Innovations in pump technologies
•Increased emphasis on VAd safety and effectiveness
•Reduction in side effects of VADs
•Percutaneously inserted ventricular assist devices
What Are The Segments Of The Global Ventricular Assist Device Market?
The market can be segmented as:
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 Users: Hospital, Ambulatory Surgical Centres, Cardiology Centres
Which Region Leads The Ventricular Assist Device Market?
North America was the largest region in the Ventricular Assist Device Market in 2024. However, the Asia-Pacific region is projected to be the fastest-growing area in the forecast period. The report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Ventricular Assist Device Market Global Market Report?
- Market Size Analysis: Analyze the Ventricular Assist Device Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Ventricular Assist Device Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Ventricular Assist Device Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Ventricular Assist Device Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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