Ventricular Assist Device Market

Ventricular Assist Device Market Size, Share, Growth Analysis, By Product(Left Ventricular Assist Device, Right Ventricular Assist Device, Bi-Ventricular Assist Device), By Type(Pulsatile Flow, Continuous Flow), By Application(Bridge to Transplant (BTT), Bridge to Candidacy (BTC), Destination Therapy (DT), Bridge to Recovery (BTR)), By End User(Hospitals & ASCs, Specialty Clinics & Others) - Industry Forecast 2025-2032


Report ID: UCMIG35A2080 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Ventricular Assist Device Market Insights

Market Overview:

The size of the global ventricular assist device market was USD 1.12 billion in 2020 and is anticipated to increase from USD 1.23 billion in 2021 to USD 2.24 billion by 2028, at a CAGR of 8.9% during the period of 2021-2028. The impact of COVID-19 on a global scale has been unprecedented and staggering, with the ventricular assist device market experiencing a positive impact on demand across all regions during the pandemic. According to our analysis, the global market displayed an impressive growth rate of -9.19% in 2020, compared to the average year-on-year growth between 2017 and 2019. The sudden increase in CAGR can be attributed to the market's demand and growth, which is expected to return to pre-pandemic levels once the pandemic is over.

Ventricular Assist Device Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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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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FAQs

The market for Ventricular Assist Device was estimated to be valued at US$ XX Mn in 2021.

The Ventricular Assist Device Market is estimated to grow at a CAGR of XX% by 2028.

The Ventricular Assist Device Market is segmented on the basis of Product, Type, Application, End User, Geography, North America ( Product, Type, Application, and Country), Europe ( Product, Type, Application, and Country), Asia Pacific ( Product, Type, Application, and Country), Latin America ( Product, Type, Application, and Country).

Based on region, the Ventricular Assist Device Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Ventricular Assist Device Market are Abbott Laboratories (U.S.), Berlin Heart GmbH (Germany), Medtronic (Ireland), Cardiac Assist, Inc. (U.S.), Jarvik Heart, Inc. (U.S.), ReliantHeart (U.S.), ABIOMED (U.S.), Sun Medical Technology Research Corp (Japan).

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Ventricular Assist Device Market

Report ID: UCMIG35A2080

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