Ventricular Assist Device Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032

Report code : IS1318, Status : Published, Published on: Nov, 2022, Pages : 131 Pages, Format : PDF/PPT/Excel

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Description

The global ventricular assist device market size was estimated to be US$ 1.45 billion in 2021 and is expected to grow at a CAGR of 7.2% between 2023 to 2032.

In patients with a weak heart and are also suffering from serious conditions like high blood pressure, diabetes and lung disease need a specially designed mechanical pump. This pump is called as a ventricular assist device and it functions as a supporting device to their heart for regulating the flow of blood.

Rising geriatric population and the rise in incidents of cardiovascular diseases are key drivers of growth of the ventricular assist device market. The rapid growth in technological advancements and development are other important factors escalating this market’s growth. Additionally, the expansion of market players across emerging geographies and the increase in the number of product approvals by government regulators will further create new opportunities for ventricular assist device market during the forecasted period.

Ventricular assist device market is expected to gain growth during 2022 and 2032. insightSLICE analyses the market to grow at a CAGR of 15.5% in the above-mentioned forecast period. Spreading awareness about the heart failure treatment among population drives the ventricular assist device market

Ventricular Assist Device Market Dynamics

Increase in patient population

This is mainly because of factors such as degenerative diseases due to old age, growing number of cardiovascular diseases and also due to post-disease complications in COVID-19 patients.

Technological advancements

Efforts made to spread awareness on the newest technology used in ventricular assist devices by public and private organizations has also led to an increase in demand and also considerably reduced patient mortality. Increase in the use of latest technology has also led to the increase in the number of product approvals by government regulators and has positively impacted patient quality of life.

Challenges in the ventricular assist device market

The lack of skilled super specialists needed to properly implant the device and the adverse effects/reactions owing to incorrect implantations are the major factors which restrain the global market growth. Unless these factors are addressed by healthcare authorities the global market growth will be hindered even during the forecast period.

The major companies operating in the global ventricular assist device markets are Abbott, ABIOMED, Berlin Heart, BiVACOR, CardiacAssist, Evaheart, Jarvik Heart, Medtronic, Terumo Corporation, ReliantHeart, Calon Cardio-Technology Ltd, LivaNova PLC, HeartWare, Thoratec Corporation, Getinge AB, SynCardia Systems, CHF Solutions, Cardiobridge GmbH and others.

Global ventricular assist device market segmentation

By Product Type

Left Ventricular Devices
Right Ventricular Devices
Biventricular Devices

By Application

Bridge-to-transplant (BTT) therapy
Destination therapy
Bridge-to-recovery (BTR) therapy
Bridge-to-candidacy (BTC) therapy

By Design

Transcutaneous ventricular assist devices
Implantable ventricular assist devices

By Type

Pulsatile flow
Continuous flow

By Age

18, 19-36
40-59
60-79
Above 80

By End-use

Hospitals
Home care setups
Other healthcare providing facilities

By Geography

North America
- United States
- Canada
- Rest of North America
Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
Asia Pacific
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
South America
- Brazil
- Rest of South America

Table Of Content

Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
Market Synopsis: Global Ventricular Assist Device Market
Global Ventricular Assist Device Market Qualitative Analysis
- Trends
  - Market trends
  - Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
  - Driving Forces
  - Hindering Forces
  - Opportunities
- COVID-19 impact
- Porter’s Five Forces Analysis
- Value Chain Analysis
Global Ventricular Assist Device Market Analysis and Forecast, by Product Type
- Overview and definitions
- Key segment analysis
- Global Ventricular Assist Device Market Estimates (US$ Mn), Product Type, 2019 – 2032
  - Left Ventricular Devices
  - Right Ventricular Devices
  - Biventricular Devices

Global Ventricular Assist Device Market Analysis and Forecast, by Application
- Overview and definitions
- Key segment analysis
- Global Ventricular Assist Device Market Estimates (US$ Mn), Application, 2019 – 2032
  - Bridge-to-transplant (BTT) therapy
  - Destination therapy
  - Bridge-to-recovery (BTR) therapy
  - Bridge-to-candidacy (BTC) therapy

Global Ventricular Assist Device Market Analysis and Forecast, by Design
- Overview and definitions
- Key segment analysis
- Global Ventricular Assist Device Market Estimates (US$ Mn), Design, 2019 – 2032
  - Transcutaneous ventricular assist devices
  - Implantable ventricular assist devices

Global Ventricular Assist Device Market Analysis and Forecast, by Type
- Overview and definitions
- Key segment analysis
- Global Ventricular Assist Device Market Estimates (US$ Mn), Type, 2019 – 2032
  - Pulsatile flow
  - Continuous flow

Global Ventricular Assist Device Market Analysis and Forecast, by End Use
- Overview and definitions
- Key segment analysis
- Global Ventricular Assist Device Market Estimates (US$ Mn), End Use, 2019 – 2032
  - Hospitals
  - Home care setups
  - Other healthcare providing facilities

Global Ventricular Assist Device Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Ventricular Assist Device Market Estimates (US$ Mn), by Region, 2019 – 2032
  - North America
  - Europe
  - Asia Pacific
  - Middle East & Africa
  - South America

North America Ventricular Assist Device Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Ventricular Assist Device Market Estimates (US$ Mn), Product Type, 2019 – 2032
  - Left Ventricular Devices
  - Right Ventricular Devices
  - Biventricular Devices
- North America Ventricular Assist Device Market Estimates (US$ Mn), Application, 2019 – 2032
  - Bridge-to-transplant (BTT) therapy
  - Destination therapy
  - Bridge-to-recovery (BTR) therapy
  - Bridge-to-candidacy (BTC) therapy
- North America Ventricular Assist Device Market Estimates (US$ Mn), Design, 2019 – 2032
  - Transcutaneous ventricular assist devices
  - Implantable ventricular assist devices
- North America Ventricular Assist Device Market Estimates (US$ Mn), Type, 2019 – 2032
  - Pulsatile flow
  - Continuous flow
- North America Ventricular Assist Device Market Estimates (US$ Mn), End Use, 2019 – 2032
  - Hospitals
  - Home care setups
  - Other healthcare providing facilities
- North America Ventricular Assist Device Market Estimates (US$ Mn), by Country, 2019 – 2032
  - United States
  - Canada
  - Rest of North America

Europe Ventricular Assist Device Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Ventricular Assist Device Market Estimates (US$ Mn), Product Type, 2019 – 2032
  - Left Ventricular Devices
  - Right Ventricular Devices
  - Biventricular Devices
- Europe Ventricular Assist Device Market Estimates (US$ Mn), Application, 2019 – 2032
  - Bridge-to-transplant (BTT) therapy
  - Destination therapy
  - Bridge-to-recovery (BTR) therapy
  - Bridge-to-candidacy (BTC) therapy
- Europe Ventricular Assist Device Market Estimates (US$ Mn), Design, 2019 – 2032
  - Transcutaneous ventricular assist devices
  - Implantable ventricular assist devices
- Europe Ventricular Assist Device Market Estimates (US$ Mn), Type, 2019 – 2032
  - Pulsatile flow
  - Continuous flow
- Europe Ventricular Assist Device Market Estimates (US$ Mn), End Use, 2019 – 2032
  - Hospitals
  - Home care setups
  - Other healthcare providing facilities
- Europe Ventricular Assist Device Market Estimates (US$ Mn), by Country, 2019 – 2032
  - Germany
  - United Kingdom
  - Italy
  - France
  - Spain
  - Rest of Europe

Asia Pacific Ventricular Assist Device Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Ventricular Assist Device Market Estimates (US$ Mn), Product Type, 2019 – 2032
  - Left Ventricular Devices
  - Right Ventricular Devices
  - Biventricular Devices
- Asia Pacific Ventricular Assist Device Market Estimates (US$ Mn), Application, 2019 – 2032
  - Bridge-to-transplant (BTT) therapy
  - Destination therapy
  - Bridge-to-recovery (BTR) therapy
  - Bridge-to-candidacy (BTC) therapy
- Asia Pacific Ventricular Assist Device Market Estimates (US$ Mn), Design, 2019 – 2032
  - Transcutaneous ventricular assist devices
  - Implantable ventricular assist devices
- Asia Pacific Ventricular Assist Device Market Estimates (US$ Mn), Type, 2019 – 2032
  - Pulsatile flow
  - Continuous flow
- Asia Pacific Ventricular Assist Device Market Estimates (US$ Mn), End Use, 2019 – 2032
  - Hospitals
  - Home care setups
  - Other healthcare providing facilities
- Asia Pacific Ventricular Assist Device Market Estimates (US$ Mn), by Country, 2019 – 2032
  - China
  - Japan
  - South Korea
  - India
  - Australia
  - Rest of Asia Pacific

Middle East & Africa Ventricular Assist Device Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Ventricular Assist Device Market Estimates (US$ Mn), Product Type, 2019 – 2032
  - Left Ventricular Devices
  - Right Ventricular Devices
  - Biventricular Devices
- Middle East & Africa Ventricular Assist Device Market Estimates (US$ Mn), Application, 2019 – 2032
  - Bridge-to-transplant (BTT) therapy
  - Destination therapy
  - Bridge-to-recovery (BTR) therapy
  - Bridge-to-candidacy (BTC) therapy
- Middle East & Africa Ventricular Assist Device Market Estimates (US$ Mn), Design, 2019 – 2032
  - Transcutaneous ventricular assist devices
  - Implantable ventricular assist devices
- Middle East & Africa Ventricular Assist Device Market Estimates (US$ Mn), Type, 2019 – 2032
  - Pulsatile flow
  - Continuous flow
- Middle East & Africa Ventricular Assist Device Market Estimates (US$ Mn), End Use, 2019 – 2032
  - Hospitals
  - Home care setups
  - Other healthcare providing facilities
- Middle East & Africa Ventricular Assist Device Market Estimates (US$ Mn), by Country, 2019 – 2032
  - UAE
  - Saudi Arabia
  - South Africa
  - Rest of MEA

South America Ventricular Assist Device Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Ventricular Assist Device Market Estimates (US$ Mn), Product Type, 2019 – 2032
  - Left Ventricular Devices
  - Right Ventricular Devices
  - Biventricular Devices
- South America Ventricular Assist Device Market Estimates (US$ Mn), Application, 2019 – 2032
  - Bridge-to-transplant (BTT) therapy
  - Destination therapy
  - Bridge-to-recovery (BTR) therapy
  - Bridge-to-candidacy (BTC) therapy
- South America Ventricular Assist Device Market Estimates (US$ Mn), Design, 2019 – 2032
  - Transcutaneous ventricular assist devices
  - Implantable ventricular assist devices
- South America Ventricular Assist Device Market Estimates (US$ Mn), Type, 2019 – 2032
  - Pulsatile flow
  - Continuous flow
- South America Ventricular Assist Device Market Estimates (US$ Mn), End Use, 2019 – 2032
  - Hospitals
  - Home care setups
  - Other healthcare providing facilities
- South America Ventricular Assist Device Market Estimates (US$ Mn), by Country, 2019 – 2032
  - Brazil
  - Argentina
  - Rest of South America

Competition Analysis – Global Ventricular Assist Device Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
  - Abbott
    - Business overview
    - Geographic presence
    - Product portfolio
    - Financial facts
    - Relevant news and strategic view
  - ABIOMED
  - Berlin Heart
  - BiVACOR
  - CardiacAssist
  - Evaheart
  - Jarvik Heart
  - Medtronic
  - Terumo Corporation
  - ReliantHeart
  - Calon Cardio-Technology Ltd
  - LivaNova PLC
  - HeartWare
  - Thoratec Corporation
  - Getinge AB
  - SynCardia Systems
  - CHF Solutions
  - Cardiobridge GmbH

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Frequently asked questions about this report

What is the ventricular assist device market growth?

The ventricular assist device market is anticipated to exhibit 7.2% CAGR between 2023 to 2032.

What was the market for ventricular assist device valued at in 2021?

The ventricular assist device market size was estimated to be US$ 1.45 billion in 2021.

What are the factors driving the ventricular assist device market?

What segments are covered in the ventricular assist device market report?

The global ventricular assist device market segmented on the basis of Age, Design, Type, Product Type, Application, End-use and Geography.

Who are the top players in the global ventricular assist device market?

Abbott, ABIOMED, Berlin Heart, BiVACOR, CardiacAssist, Evaheart, Jarvik Heart, Medtronic, Terumo Corporation, ReliantHeart, Calon Cardio-Technology Ltd, LivaNova PLC, HeartWare, Thoratec Corporation, Getinge AB, SynCardia Systems, CHF Solutions and Cardiobridge GmbH are among the key companies in the global ventricular assist device market.