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Elevated Cardiovascular Disease Rates Propel Left Ventricular Assist Device Market: A Key Factor Shaping the Future of the Left Ventricular Assist Devices Market in 2025
Left Ventricular Assist Devices Market
The growing incidence of cardiovascular disorders is predicted to boost the expansion of the left ventricular assist device industry. These disorders encompass a range of conditions that affect the heart and blood vessels, including coronary and congenital heart diseases. In cases of severe heart failure, a left ventricular assist device aids the function of the heart's left ventricle which pumps blood to the rest of the body. Data from the Office for Health Improvement and Disparities, a UK government entity, declared that as of March 2024, over 1,862,500 individuals or about 3% were diagnosed with CHD (coronary heart disease) in England in 2023. Moreover, statistics from the New York government in December 2022 suggested that heart disease attributes to nearly 697,000 yearly deaths in the United States. This accounts for one in every five deaths, with approximately 805,000 Americans undergoing a heart attack each year. Among these, 605,000 experience their first heart attack, while 200,000 are recurrent cases. Consequently, the increasing rate of cardiovascular conditions is fueling the expansion of the left ventricular assist device industry.
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What is the projected compound annual growth rate (CAGR) of the left ventricular assist devices market from 2025 to 2034, and what factors influence it?
There's been a significant expansion in the market size for left ventricular assist devices in the previous years. An increase from $1.6 billion in 2024 to $1.74 billion in 2025 is expected, with a compound annual growth rate (CAGR) of 8.8%. Factors contributing to this growth during the historic phase include post-market monitoring and data, downsizing of device and reduction in noise, initiatives for awareness and education, rising experience among doctors, and wider adoption in bridge therapy.
In the coming years, the market size for left ventricular assist devices is anticipated to experience significant growth. The market is forecasted to reach $2.52 billion by 2029 with an estimated compound annual growth rate (CAGR) of 9.6%. This growth during the forecast period can be attributed to factors such as expanding indications, an increase in heart failure instances, enhanced results for patients, market approval, and regulatory modifications, with a particular emphasis on destination therapy. Notable trends for the forecast period comprise advancements in the techniques used for implantation, development of dual-pump systems, increased utilization as a destination therapy, emphasis on reducing infection hazards, incorporation with heart failure management schemes, and enhanced management of anticoagulation.
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How are the latest trends influencing the growth of the left ventricular assist devices market?
Leading businesses active in the left ventricular assist devices market sector are innovating with technology like power management units (PMUs), with the aim of augmenting device efficiency, reliability and longevity. A power management unit (PMU) essentially acts as an integrated circuit, tasked with the regulation and management of power provision and distribution to numerous elements within electronic devices. For instance, in June 2022, Japan's semiconductor manufacturing company, Renesas Electronics, introduced SmartBond DA1470x. This addition to the SmartBond DA1470x line is a prominent development in BLE technology, providing developers with a flexible platform for the conception of trailblazing IoT products, while simultaneously optimizing costs and boosting performance. The elevated level of integration simplifies the design process, enhances reliability and shortens the path to market across numerous applications.
What are the major segments of the left ventricular assist devices market and their role in driving growth?
The left ventricular assist devices market covered in this report is segmented -
1) By Type: Transcutaneous Left Ventricular Assist Devices, Implantable Left Ventricular Assist Devices
2) By Type Of Flow: Pulsatile, Non-Pulsatile
3) By Application: Bridge-To-Recovery (BTR) Therapy, Bridge-To-Transplant (BTT) Therapy, Destination Therapy, Bridge-To-Candidacy (BTC) Therapy
4) By End-User: Cardiology Centers, Hospitals
Subsegments:
1) By Transcutaneous Left Ventricular Assist Devices: Temporary Transcutaneous Devices, Permanent Transcutaneous Devices
2) By Implantable Left Ventricular Assist Devices: Continuous Flow Devices, Pulsatile Flow Devices
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Which regions are key players in the growth of the left ventricular assist devices market?
North America was the largest region in the left ventricular assist devices market in 2024. The regions covered in the left ventricular assist devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the left ventricular assist devices market?
Major companies operating in the left ventricular assist devices market include Abbott Laboratories, Medtronic plc., Terumo Corporation, St. Jude Medical, MAQUET GmbH & Co., LivaNova Plc, Thoratec Corporation, Abiomed Inc, Transonic Systems, Berlin Heart GmbH, BioVentrix, Cleveland Heart Inc., Jarvik Heart Inc., CorWave SA, SynCardia Systems LLC, NuPulseCV Inc., Fineheart, Procyrion Inc, Carmat SA, BiVACOR Inc, Cardiac Assist Inc., Leviticus Cardio Ltd., AdjuCor GmbH, Calon Cardio-Technology Ltd, Evaheart Inc., Sunshine Heart Inc., CH Biomedical Inc., Sun Medical Technology Research Corp
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What Is Covered In The Left Ventricular Assist Devices Global Market Report?
• Market Size Forecast: Examine the left ventricular assist devices market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the left ventricular assist devices market for a structured understanding.
• Key Players Overview: Analyze major players in the left ventricular assist devices market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the left ventricular assist devices market.
• Segment Contributions: Evaluate how different segments drive overall growth in the left ventricular assist devices market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the left ventricular assist devices market.
• Industry Challenges: Identify potential risks and obstacles affecting the left ventricular assist devices market.
• Competitive Landscape: Review strategic developments in the left ventricular assist devices market, including expansions, agreements, and new product launches.
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