Global Ventricular Assist Device Market Size, Forecasts, And Opportunities – Includes Ventricular Assist Device Market Size
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The global ventricular assist device market is expected to grow from $1.51 billion in 2021 to $1.70 billion in 2022 at a compound annual growth rate (CAGR) of 13.01%. The global ventricular assist device market size is expected to reach $2.69 billion in 2026 at a CAGR of 12.16%.
The increase in the prevalence of cardiovascular disorders is driving the growth of the ventricular assist device market.
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The ventricular assist device market consists of sales of ventricular assist devices by entities (organizations, sole traders, and partnerships) that refer to an implantable mechanical circulatory device used to treat heart failure by pumping blood from the heart to the rest of the body, improving circulation to vital organs. A wide range of ventricular assist devices are approved by the US FDA to provide long-term or permanent support to patients with end-stage heart failure.
Global Ventricular Assist Device Market Segments Include:
By Product: Left Ventricular Assist Devices (LVADs), Right Ventricular Assist Devices (RVADs), Biventricular Assist Devices (BIVADs)
By Type: Pulsatile Flow, Continuous Flow
By Design: Transcutaneous Ventricular Assist Devices, Implantable Ventricular Assist Devices
By Application: Bridge-to-Transplant (BTT) Therapy, Destination Therapy, Bridge-to-Recovery (BTR) Therapy, Bridge-to-Candidacy (BTC) Therapy
By End User: Hospitals, Ambulatory Surgical Centers, Cardiology Centers
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global ventricular assist device market in 2021.
Technological advancement is a key trend gaining popularity in the ventricular assist device market. The companies operating in the ventricular assist device sector are focusing on developing next-generation ventricular assist devices to improve the function of blood circulation. Key players are focusing on developing ventricular assist devices with new technology to gain a competitive edge and strengthen their position in the market.
TBRC’s Ventricular Assist Device Market Report Covers:
Major Market Players: Berlin Heart GmbH, Abiomed Inc, ReliantHeart Inc, CorWave SA, Cirtec, Abbott, Cardiac Assist Inc, Jarvik Heart Inc, Bivacor Inc, Calon Cardio, Terumo Medical Corporation, Syncardia Systems LLC, Boston Scientific Corporation, Heart Ware International, and LivaNova PLC.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Ventricular Assist Device Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides ventricular assist device market overviews, analyzes and forecasts market size, share, ventricular assist device market players, ventricular assist device market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s ventricular assist device market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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