Report ID: UCMIR35A2898
Report ID:
UCMIR35A2898 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market for ventricular assist devices (VADs) in the United States reached a value of USD 582.0 million in 2022 and is anticipated to experience a growth rate of 10.5% throughout the projected period. Heart failure, a disruption in the heart's normal operation, has become increasingly prevalent in the U.S., affecting approximately 6.2 million individuals in 2020 according to data from the Centers for Disease Control and Prevention (CDC). Additionally, the elderly demographic is particularly susceptible to cardiovascular conditions, making ventricular assist devices (VADs) crucial mechanical circulatory support (MCS) solutions for those with ailing hearts.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIR35A2898