Global Ventricular Assist Device Market Size study & Forecast, by Product by Type of Flow, by Application (Bridge to Transplant, Bridge to Candidacy, Destination Therapy, Bridge to Recovery ), by End-User, and Regional Analysis, 2023-2030

Description

List of Tables

Global Ventricular Assist Device Market is valued at approximately USD 1.15 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 10.8% over the forecast period 2023-2030. A Ventricular Assist Device (VAD) is a mechanical device that is used to support the function of a failing heart. It is typically used in patients with severe heart failure who are awaiting heart transplant or as a long-term treatment for patients who are not candidates for transplantation. A VAD works by pumping blood from the left ventricle of the heart to the aorta, which is the main artery that carries oxygenated blood to the rest of the body. The device consists of a small pump that is implanted in the chest or abdomen, along with a power source and a control unit that is worn outside the body. The shortage of transplant organs, significant investments by the government to enhance healthcare infrastructure, growth & innovations in the healthcare industry, coupled with the increasing healthcare expenditure are the most prominent factors that are propelling the market demand across the globe.

In addition, the rising prevalence of cardiovascular diseases is directly influencing market growth during the estimated period of 2023-2030. According to the World Health Organization (WHO), it was estimated that cardiovascular diseases (CVDs) are recorded as the leading cause of death around the world, which takes an estimated 17.9 million lives annually. Additionally, heart attacks and strokes account for 85% of these cardiovascular disease deaths. In addition, according to an article that was published in the Cureus Journal of Medical Science in July 2020, ischemic heart disease (IHD) is a significant cause of death globally. Around 126 million people worldwide (1,655 per 100,000), or roughly 1.72% of the world's population, suffer from ischemic heart disease. It is anticipated that more than 1,845 cases of ischemic heart disease per 100,000 people worldwide by 2030. Consequentially, these aforementioned factors are propelling the growth of the Ventricular Assist Device Market during the estimated period. Moreover, the rise in technological advancements pertaining to novel product development, as well as the growing initiatives and awareness regarding cardiovascular diseases presents various lucrative opportunities over the forecasting years. However, the high cost of devices and procedures and several risks associated to VAD implant are hindering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Ventricular Assist Device Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the increasing prevalence of cardiac diseases, the presence of regulated reimbursement policies and coverages, and growing awareness about the availability of VADs in the market space. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the growing development of healthcare facilities, increasing population, as well as the favorable government policies in the regional market.

Major market players included in this report are:

Evaheart, Inc.
Abiomed, Inc.
Abbott Laboratories
CH Biomedical, Inc.
Carmat SA
Calon Cardio-Technology Ltd
Bivacor Inc.
LivaNova PLC
Berlin Heart GmbH
AdjuCor GmbH

Recent Developments in the Market:

In September 2022, Abbott Laboratories unveiled that the company has acquired Walk Vascular, LLC- a medical device company specialized in developing a minimally invasive mechanical aspiration thrombectomy system to eliminate blood clots.
In February 2019, Jarvik Heart, Inc. declared that the company has presented a fully implanted ventricular assist device at the National Research Center for Cardiac Surgery in Astana, Kazakhstan, which aims on expanding the company's presence.

Global Ventricular Assist Device Market Report Scope:

Historical Data: - 2020 - 2021
Base Year for Estimation: - 2022
Forecast period: - 2023-2030
Report Coverage: - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: - Product, Type of Flow, Application, End-User, Region
Regional Scope: - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Product:

Left Ventricular Assist Device
Right Ventricular Assist Device
Bi-Ventricular Assist Device

By Type of Flow:

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

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Ventricular Assist Device Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Ventricular Assist Device Market, by Product, 2020-2030 (USD Billion)
- 1.2.3. Ventricular Assist Device Market, by Type of Flow, 2020-2030 (USD Billion)
- 1.2.4. Ventricular Assist Device Market, by Application, 2020-2030 (USD Billion)
- 1.2.5. Ventricular Assist Device Market, by End-User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Ventricular Assist Device Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Ventricular Assist Device Market Dynamics

3.1. Ventricular Assist Device Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Shortage of transplant organs
  - 3.1.1.2. Rising prevalence of cardiovascular diseases
- 3.1.2. Market Challenges
  - 3.1.2.1. High cost of devices and procedures
  - 3.1.2.2. Several risks associated to VAD implant
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rise in the inclination of vehicle customization
  - 3.1.3.2. Growing initiatives and awareness regarding cardiovascular diseases

Chapter 4. Global Ventricular Assist Device Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Ventricular Assist Device Market, by Product

5.1. Market Snapshot
5.2. Global Ventricular Assist Device Market by Product, Performance - Potential Analysis
5.3. Global Ventricular Assist Device Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Ventricular Assist Device Market, Sub Segment Analysis
- 5.4.1. Left Ventricular Assist Device
- 5.4.2. Right Ventricular Assist Device
- 5.4.3. Bi-Ventricular Assist Device

Chapter 6. Global Ventricular Assist Device Market, by Type of Flow

6.1. Market Snapshot
6.2. Global Ventricular Assist Device Market by Type of Flow, Performance - Potential Analysis
6.3. Global Ventricular Assist Device Market Estimates & Forecasts by Type of Flow 2020-2030 (USD Billion)
6.4. Ventricular Assist Device Market, Sub Segment Analysis
- 6.4.1. Pulsatile Flow
- 6.4.2. Continuous Flow

Chapter 7. Global Ventricular Assist Device Market, by Application

7.1. Market Snapshot
7.2. Global Ventricular Assist Device Market by Application, Performance - Potential Analysis
7.3. Global Ventricular Assist Device Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Ventricular Assist Device Market, Sub Segment Analysis
- 7.4.1. Bridge to Transplant (BTT)
- 7.4.2. Bridge to Candidacy (BTC)
- 7.4.3. Destination Therapy (DT)
- 7.4.4. Bridge to Recovery (BTR)

Chapter 8. Ventricular Assist Device Market, by End-User

8.1. Market Snapshot
8.2. Global Ventricular Assist Device Market by End-User, Performance - Potential Analysis
8.3. Global Ventricular Assist Device Market Estimates & Forecasts by End-User 2020-2030 (USD Billion)
8.4. Ventricular Assist Device Market, Sub Segment Analysis
- 8.4.1. Hospitals & ASCs
- 8.4.2. Specialty Clinics & Others

Chapter 9. Global Ventricular Assist Device Market, Regional Analysis

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Ventricular Assist Device Market, Regional Market Snapshot
9.4. North America Ventricular Assist Device Market
- 9.4.1. U.S. Ventricular Assist Device Market
  - 9.4.1.1. Product breakdown estimates & forecasts, 2020-2030
  - 9.4.1.2. Type of Flow breakdown estimates & forecasts, 2020-2030
  - 9.4.1.3. Application breakdown estimates & forecasts, 2020-2030
  - 9.4.1.4. End-User breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Ventricular Assist Device Market
9.5. Europe Ventricular Assist Device Market Snapshot
- 9.5.1. U.K. Ventricular Assist Device Market
- 9.5.2. Germany Ventricular Assist Device Market
- 9.5.3. France Ventricular Assist Device Market
- 9.5.4. Spain Ventricular Assist Device Market
- 9.5.5. Italy Ventricular Assist Device Market
- 9.5.6. Rest of Europe Ventricular Assist Device Market
9.6. Asia-Pacific Ventricular Assist Device Market Snapshot
- 9.6.1. China Ventricular Assist Device Market
- 9.6.2. India Ventricular Assist Device Market
- 9.6.3. Japan Ventricular Assist Device Market
- 9.6.4. Australia Ventricular Assist Device Market
- 9.6.5. South Korea Ventricular Assist Device Market
- 9.6.6. Rest of Asia Pacific Ventricular Assist Device Market
9.7. Latin America Ventricular Assist Device Market Snapshot
- 9.7.1. Brazil Ventricular Assist Device Market
- 9.7.2. Mexico Ventricular Assist Device Market
9.8. Middle East & Africa Ventricular Assist Device Market
- 9.8.1. Saudi Arabia Ventricular Assist Device Market
- 9.8.2. South Africa Ventricular Assist Device Market
- 9.8.3. Rest of Middle East & Africa Ventricular Assist Device Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. Evaheart, Inc.
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Recent Developments
- 10.3.2. Abiomed, Inc.
- 10.3.3. Abbott Laboratories
- 10.3.4. CH Biomedical, Inc.
- 10.3.5. Carmat SA
- 10.3.6. Calon Cardio-Technology Ltd
- 10.3.7. Bivacor Inc.
- 10.3.8. LivaNova PLC
- 10.3.9. Berlin Heart GmbH
- 10.3.10. AdjuCor GmbH

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Ventricular Assist Device Market, report scope
TABLE 2. Global Ventricular Assist Device Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Ventricular Assist Device Market estimates & forecasts by Product 2020-2030 (USD Billion)
TABLE 4. Global Ventricular Assist Device Market estimates & forecasts by Type of Flow 2020-2030 (USD Billion)
TABLE 5. Global Ventricular Assist Device Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 6. Global Ventricular Assist Device Market estimates & forecasts by End-User 2020-2030 (USD Billion)
TABLE 7. Global Ventricular Assist Device Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Ventricular Assist Device Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Ventricular Assist Device Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Ventricular Assist Device Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Ventricular Assist Device Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Ventricular Assist Device Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Ventricular Assist Device Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Ventricular Assist Device Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Ventricular Assist Device Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Ventricular Assist Device Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Ventricular Assist Device Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Ventricular Assist Device Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Ventricular Assist Device Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Ventricular Assist Device Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Ventricular Assist Device Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. France Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Ventricular Assist Device Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Italy Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Ventricular Assist Device Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Spain Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Ventricular Assist Device Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoE Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Ventricular Assist Device Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Ventricular Assist Device Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Ventricular Assist Device Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Ventricular Assist Device Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Ventricular Assist Device Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Ventricular Assist Device Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPAC Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Ventricular Assist Device Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Ventricular Assist Device Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Ventricular Assist Device Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLA Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi Arabia Ventricular Assist Device Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South Africa Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Ventricular Assist Device Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Ventricular Assist Device Market
TABLE 72. List of primary sources, used in the study of global Ventricular Assist Device Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global Ventricular Assist Device Market, research methodology
FIG 2. Global Ventricular Assist Device Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Ventricular Assist Device Market, key trends 2022
FIG 5. Global Ventricular Assist Device Market, growth prospects 2023-2030
FIG 6. Global Ventricular Assist Device Market, porters 5 force model
FIG 7. Global Ventricular Assist Device Market, pest analysis
FIG 8. Global Ventricular Assist Device Market, value chain analysis
FIG 9. Global Ventricular Assist Device Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Ventricular Assist Device Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Ventricular Assist Device Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Ventricular Assist Device Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Ventricular Assist Device Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Ventricular Assist Device Market, regional snapshot 2020 & 2030
FIG 15. North America Ventricular Assist Device Market 2020 & 2030 (USD Billion)
FIG 16. Europe Ventricular Assist Device Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Ventricular Assist Device Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Ventricular Assist Device Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Ventricular Assist Device Market 2020 & 2030 (USD Billion)