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Elevated Cardiovascular Disease Rates Propel Left Ventricular Assist Device Market: A Key Catalyst Accelerating Left Ventricular Assist Devices Market Growth in 2025
Left Ventricular Assist Devices
Left Ventricular Assist Devices Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for left ventricular assist devices has seen robust growth in recent times. The market is predicted to expand from $1.6 billion in 2024 to $1.74 billion in 2025, marking a compound annual growth rate (CAGR) of 8.8%. Factors contributing to the growth during the historic period include post-market monitoring and data collection, downsizing of the device and reducing noise, initiatives aimed at raising awareness and education, enhanced physician experience, and the devices' use in bridge therapy.
Left Ventricular Assist Devices Market Size Forecast: What's the Projected Valuation by 2029?
In the upcoming years, the market size of left ventricular assist devices is anticipated to experience significant expansion. By 2029, it is projected to reach a market value of $2.52 billion, with a compound annual growth rate (CAGR) of 9.6%. This development in the forecasted timeline could be a result of broadened indications, increased incidents of heart failure, improved patient outcomes, market acceptance, and adjustments in regulations, all of which are geared towards destination therapy. Within this same period, the market is expected to see major trends such as enhanced implantation methods, the creation of dual-pump systems, an increased application in destination therapy, an emphasis on reducing risks of infection, combination with heart failure management plans, and more efficient management of anticoagulation.
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What Are the Drivers Transforming the Left Ventricular Assist Devices Market?
The growth of the left ventricular assist device market is anticipated to be driven by the increasing incidence of cardiovascular diseases. Cardiovascular diseases include a variety of heart and blood vessel disorders such as coronary heart disease and congenital heart disease. For individuals suffering from severe heart failure, a left ventricular assist device is used to assist the heart's left ventricle, which is responsible for pumping blood to the body tissues. For example, figures released by the UK's Office for Health Improvement and Disparities in March 2024 showed that as of 2023, slightly over 1,862,500 people (3%) had a GP diagnosis of coronary heart disease in England. Additionally, data released by the New York government in December 2022 disclosed that heart disease leads to approximately 697,000 deaths annually in the United States which accounts for 1 in every 5 fatalities. Of these fatalities, around 805,000 Americans experience a heart attack each year, with 605,000 of them suffering their first heart attack and 200,000 being the result of previous heart attacks. As a result, the escalating incidence of cardiovascular diseases is fuelling the expansion of the left ventricular assist device market.
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What Long-Term Trends Will Define the Future of the Left Ventricular Assist Devices Market?
Leading corporations in the left ventricular assist devices market are focusing on advancing technologies like power management units (PMUs) to improve the effectiveness, durability, and dependability of their devices. A power management unit (PMU) is an integrated circuit designed to control and maintain power distribution and supply in various electronic device components. For instance, in June 2022, the semiconductor manufacturer based in Japan, Renesas Electronics, introduced the SmartBond DA1470x. This family of SmartBond DA1470x represents considerable progress in BLE technology and provides developers a flexible platform to develop creative IoT products while optimizing expenses and boosting performance. The high degree of integration enables simplified design, enhanced reliability, and a faster path to market for numerous applications.
Which Segments in the Left Ventricular Assist Devices Market Offer the Most Profit Potential?
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 Firms Dominate the Left Ventricular Assist Devices Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in 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.
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