Global ventricular assist device market is expected to rise to an estimated value of USD 2498.37 million by 2026, registering a CAGR of 11.45% in the forecast period of 2019-2026. Increasing incidences of heart failure and less number of heart donors is the major factor for the growth of this market.
The ventricular assist device report gives insights into the major driving factors, restraints, and major trends in the ventricular assist device market and analyzes their impact on the market’s developmental prospects over the report’s forecast period. report studies the market in a ground-up approach, beginning with basic industry-specific definitions of major market elements, moving on to details regarding supply chain, imports and exports, regulatory scenario of the market, major technologies, product types, manufacturing capacities of the major manufacturers and competitive landscape of the global market.
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Key Market Competitors:
Few of the major competitors currently working in the global ventricular assist device market are Abbott, ABIOMED., Berlin Heart, BiVACOR Inc., CardiacAssist, Inc, Evaheart, Inc., Jarvik Heart, Inc., Medtronic, Terumo Corporation, ReliantHeart Inc., Calon Cardio, LivaNova PLC, HeartWare, Thoratec Corporation, Getinge AB, SynCardia Systems, LLC., CHF Solutions, Inc., Cardiobridge GmbH among others.
Reasons to Purchase this Report
Current and future of global ventricular assist device market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Global ventricular assist device market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of ventricular assist device market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Rising awareness about the heart failure treatment among population is driving the growth of this market
Technological advancement and development also boosts the market growth
Rising geriatric population can also act as a market driver
Increasing cardiovascular diseases is another factor driving the growth of this market
High cost of the devices is restraining the market growth
High risk related to the procedures can also act as a restricting factor for the growth of this market
Strict rules and regulation is restraining the growth of this market
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Segmentation: Global Ventricular Assist Device Market
Left Ventricular Assist Devices
Right Ventricular Assist Devices
Biventricular Assist Devices
Bridge-to-transplant (BTT) Therapy
Bridge-to-recovery (BTR) Therapy
Bridge-to-candidacy (BTC) Therapy
Transcutaneous Ventricular Assist Devices
Implantable Ventricular Assist Devices
By End- Users
Home Care Setups
Middle East & Africa
Key Developments in the Market:
In June 2016, Medtronic announced that they have acquired Framingham, which will help the company to expand their heart failure business and will help them to better devices and solutions to their patients. This will also help the companies to combine their technologies and capabilities so that they can expand their growth in the mechanical circulatory support market
In October 2015, St. Jude Medical, Inc announced that they have acquired Thoratec Corporation, so that they can add Thoratec’s HeartMate II VAD, HeartMate 3, HeartMate PHP devices and other products to their heart failure portfolio. This will help them to strengthen their heart failure portfolio. This acquisition will create better opportunities for both the companies and will help them to provide better treatment to their patients
Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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