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PUBLISHER: IMARC | PRODUCT CODE: 1298512
PUBLISHER: IMARC | PRODUCT CODE: 1298512
Ventricular Assist Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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The global ventricular assist devices market size reached US$ 1.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.1 Billion by 2028, exhibiting a growth rate (CAGR) of 9.7% during 2023-2028.
A ventricular assist device (VAD), also known as a mechanical circulatory support device, is a mechanical pump that transports blood from the lower chambers of the heart to the rest of the body. It generally comprises three components, which include tubes, an electronic controller and a power source. The tubes carry blood into the pump and transfer it into blood vessels, while the power source is connected to a control unit for monitoring the functions of the VAD. The device is implanted in patients as a short-term treatment for supporting heart functions after surgery or while they are waiting for a heart transplant. It finds application in the bridge-to-transplant (BTT), bridge-to-recovery (BTR), bridge-to-candidacy (BTC) and destination therapies.
The increasing cases of cardiovascular diseases, such as hypertension, ventricular septal defect, heart failure and stroke, represents one of the significant factors propelling the global VAD market growth. Moreover, the limited number of heart donors is escalating the demand for VADs across the globe. In order to overcome this shortage, healthcare providers are focusing on the utilization of VADs to keep the blood pumping until a new heart is implanted. This helps in reducing the hospital mortality rate, length of stay and overall hospital costs. Furthermore, the leading manufacturers in the industry are incorporating technological advancements, such as miniature devices with infection control technology, to address complications, such as the high risk of infection, thrombus formation and blood trauma. Apart from this, several clinical trials are being undertaken to improve the survival rate by enhancing the durability, functionality and efficiency of the devices.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global ventricular assist devices market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, flow type, product type, application and end-user.
Breakup by Product:
Left Ventricular Assist Device (LVAD)
Right Ventricular Assist Device (RVAD)
Biventricular Assist Device (BiVAD)
Others
Breakup by Flow Type:
Pulsatile Flow
Non-Pulsatile or Continuous Flow
Breakup by Product Type:
Implantable Ventricular Assist Devices
Non-implantable Ventricular Assist Devices
Breakup by Application:
Bridge-to-Transplant (BTT) Therapy
Destination Therapy
Bridge to Recovery and Bridge to Candidacy
Breakup by End-User:
Ambulatory Surgery Centers
Hospital
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Abbott Laboratories, Abiomed Inc., Berlin Heart GmbH (Syscore GmbH), Bivacor Inc., Calon Cardio, Cardiacassist Inc. (LivaNova PLC), CHF Solutions Inc., Jarvik Heart Inc., MAQUET GmbH (Getinge), Medtronic Inc., Syncardia Systems LLC (Versa Capital Management LLC), TandemLife (LivaNova PLC), Terumo Corporation, etc.
Key Questions Answered in This Report:
- How has the global ventricular assist devices market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global ventricular assist devices market?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the flow type?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end-user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global ventricular assist devices market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A2276
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Ventricular Assist Device Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 Left Ventricular Assist Device (LVAD)
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Right Ventricular Assist Device (RVAD)
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Biventricular Assist Device (BiVAD)
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Flow Type
- 7.1 Pulsatile Flow
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Non-Pulsatile or Continuous Flow
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Product Type
- 8.1 Implantable Ventricular Assist Devices
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Non-implantable Ventricular Assist Devices
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Application
- 9.1 Bridge-to-Transplant (BTT) Therapy
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Destination Therapy
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Bridge to Recovery and Bridge to Candidacy
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
10 Market Breakup by End-User
- 10.1 Ambulatory Surgery Centers
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Hospitals
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Others
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
11 Market Breakup by Region
- 11.1 North America
- 11.1.1 United States
- 11.1.1.1 Market Trends
- 11.1.1.2 Market Forecast
- 11.1.2 Canada
- 11.1.2.1 Market Trends
- 11.1.2.2 Market Forecast
- 11.1.1 United States
- 11.2 Asia Pacific
- 11.2.1 China
- 11.2.1.1 Market Trends
- 11.2.1.2 Market Forecast
- 11.2.2 Japan
- 11.2.2.1 Market Trends
- 11.2.2.2 Market Forecast
- 11.2.3 India
- 11.2.3.1 Market Trends
- 11.2.3.2 Market Forecast
- 11.2.4 South Korea
- 11.2.4.1 Market Trends
- 11.2.4.2 Market Forecast
- 11.2.5 Australia
- 11.2.5.1 Market Trends
- 11.2.5.2 Market Forecast
- 11.2.6 Indonesia
- 11.2.6.1 Market Trends
- 11.2.6.2 Market Forecast
- 11.2.7 Others
- 11.2.7.1 Market Trends
- 11.2.7.2 Market Forecast
- 11.2.1 China
- 11.3 Europe
- 11.3.1 Germany
- 11.3.1.1 Market Trends
- 11.3.1.2 Market Forecast
- 11.3.2 France
- 11.3.2.1 Market Trends
- 11.3.2.2 Market Forecast
- 11.3.3 United Kingdom
- 11.3.3.1 Market Trends
- 11.3.3.2 Market Forecast
- 11.3.4 Italy
- 11.3.4.1 Market Trends
- 11.3.4.2 Market Forecast
- 11.3.5 Spain
- 11.3.5.1 Market Trends
- 11.3.5.2 Market Forecast
- 11.3.6 Russia
- 11.3.6.1 Market Trends
- 11.3.6.2 Market Forecast
- 11.3.7 Others
- 11.3.7.1 Market Trends
- 11.3.7.2 Market Forecast
- 11.3.1 Germany
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.1.1 Market Trends
- 11.4.1.2 Market Forecast
- 11.4.2 Mexico
- 11.4.2.1 Market Trends
- 11.4.2.2 Market Forecast
- 11.4.3 Others
- 11.4.3.1 Market Trends
- 11.4.3.2 Market Forecast
- 11.4.1 Brazil
- 11.5 Middle East and Africa
- 11.5.1 Market Trends
- 11.5.2 Market Breakup by Country
- 11.5.3 Market Forecast
12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
15 Price Indicators
16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 Abbott Laboratories
- 16.3.1.1 Company Overview
- 16.3.1.2 Product Portfolio
- 16.3.1.3 Financials
- 16.3.1.4 SWOT Analysis
- 16.3.2 Abiomed Inc.
- 16.3.2.1 Company Overview
- 16.3.2.2 Product Portfolio
- 16.3.2.3 Financials
- 16.3.2.4 SWOT Analysis
- 16.3.3 Berlin Heart GmbH (Syscore GmbH)
- 16.3.3.1 Company Overview
- 16.3.3.2 Product Portfolio
- 16.3.3.3 Financials
- 16.3.4 Bivacor Inc.
- 16.3.4.1 Company Overview
- 16.3.4.2 Product Portfolio
- 16.3.5 Calon Cardio
- 16.3.5.1 Company Overview
- 16.3.5.2 Product Portfolio
- 16.3.5.3 Financials
- 16.3.6 Cardiacassist Inc. (LivaNova PLC)
- 16.3.6.1 Company Overview
- 16.3.6.2 Product Portfolio
- 16.3.7 CHF Solutions Inc.
- 16.3.7.1 Company Overview
- 16.3.7.2 Product Portfolio
- 16.3.7.3 Financials
- 16.3.8 Jarvik Heart Inc.
- 16.3.8.1 Company Overview
- 16.3.8.2 Product Portfolio
- 16.3.9 MAQUET GmbH (Getinge)
- 16.3.9.1 Company Overview
- 16.3.9.2 Product Portfolio
- 16.3.9.3 Financials
- 16.3.9.4 SWOT Analysis
- 16.3.10 Medtronic Inc.
- 16.3.10.1 Company Overview
- 16.3.10.2 Product Portfolio
- 16.3.11 Syncardia Systems LLC (Versa Capital Management LLC)
- 16.3.11.1 Company Overview
- 16.3.11.2 Product Portfolio
- 16.3.11.3 SWOT Analysis
- 16.3.12 TandemLife (LivaNova Plc)
- 16.3.12.1 Company Overview
- 16.3.12.2 Product Portfolio
- 16.3.13 Terumo Corporation
- 16.3.13.1 Company Overview
- 16.3.13.2 Product Portfolio
- 16.3.13.3 Financials
- 16.3.13.4 SWOT Analysis
- 16.3.1 Abbott Laboratories
Product Code: SR112023A2276
List of Figures
- Figure 1: Global: Ventricular Assist Device Market: Major Drivers and Challenges
- Figure 2: Global: Ventricular Assist Device Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Ventricular Assist Device Market: Breakup by Product (in %), 2022
- Figure 4: Global: Ventricular Assist Device Market: Breakup by Flow Type (in %), 2022
- Figure 5: Global: Ventricular Assist Device Market: Breakup by Product Type (in %), 2022
- Figure 6: Global: Ventricular Assist Device Market: Breakup by Application (in %), 2022
- Figure 7: Global: Ventricular Assist Device Market: Breakup by End-User (in %), 2022
- Figure 8: Global: Ventricular Assist Device Market: Breakup by Region (in %), 2022
- Figure 9: Global: Ventricular Assist Device Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 10: Global: Ventricular Assist Device (Left Ventricular Assist Device) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Ventricular Assist Device (Left Ventricular Assist Device) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Ventricular Assist Device (Right Ventricular Assist Device) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Ventricular Assist Device (Right Ventricular Assist Device) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Ventricular Assist Device (Biventricular Assist Device) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Ventricular Assist Device (Biventricular Assist Device) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Ventricular Assist Device (Other Products) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Ventricular Assist Device (Other Products) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Ventricular Assist Device (Pulsatile Flow) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Ventricular Assist Device (Pulsatile Flow) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Ventricular Assist Device (Non-Pulsatile or Continuous Flow) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Ventricular Assist Device (Non-Pulsatile or Continuous Flow) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Ventricular Assist Device (Implantable Ventricular Assist Devices) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Ventricular Assist Device (Implantable Ventricular Assist Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Ventricular Assist Device (Non-implantable Ventricular Assist Devices) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Ventricular Assist Device (Non-implantable Ventricular Assist Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Ventricular Assist Device (Bridge-to-Transplant Therapy) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Ventricular Assist Device (Bridge-to-Transplant Therapy) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Ventricular Assist Device (Destination Therapy) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Ventricular Assist Device (Destination Therapy) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Ventricular Assist Device (Bridge to Recovery and Bridge to Candidacy) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Ventricular Assist Device (Bridge to Recovery and Bridge to Candidacy) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Ventricular Assist Device (Ambulatory Surgery Centers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Ventricular Assist Device (Ambulatory Surgery Centers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Ventricular Assist Device (Hospitals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Ventricular Assist Device (Hospitals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Global: Ventricular Assist Device (Other End-Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Global: Ventricular Assist Device (Other End-Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: North America: Ventricular Assist Device Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: North America: Ventricular Assist Device Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: United States: Ventricular Assist Device Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: United States: Ventricular Assist Device Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Canada: Ventricular Assist Device Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Canada: Ventricular Assist Device Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Asia Pacific: Ventricular Assist Device Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Asia Pacific: Ventricular Assist Device Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: China: Ventricular Assist Device Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: China: Ventricular Assist Device Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Japan: Ventricular Assist Device Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Japan: Ventricular Assist Device Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: India: Ventricular Assist Device Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: India: Ventricular Assist Device Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: South Korea: Ventricular Assist Device Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: South Korea: Ventricular Assist Device Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Australia: Ventricular Assist Device Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Australia: Ventricular Assist Device Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Indonesia: Ventricular Assist Device Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Indonesia: Ventricular Assist Device Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Others: Ventricular Assist Device Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Others: Ventricular Assist Device Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Europe: Ventricular Assist Device Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Europe: Ventricular Assist Device Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Germany: Ventricular Assist Device Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Germany: Ventricular Assist Device Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: France: Ventricular Assist Device Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: France: Ventricular Assist Device Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: United Kingdom: Ventricular Assist Device Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: United Kingdom: Ventricular Assist Device Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Italy: Ventricular Assist Device Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Italy: Ventricular Assist Device Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Spain: Ventricular Assist Device Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Spain: Ventricular Assist Device Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Russia: Ventricular Assist Device Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Russia: Ventricular Assist Device Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Others: Ventricular Assist Device Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Others: Ventricular Assist Device Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Latin America: Ventricular Assist Device Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Latin America: Ventricular Assist Device Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Brazil: Ventricular Assist Device Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Brazil: Ventricular Assist Device Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Mexico: Ventricular Assist Device Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Mexico: Ventricular Assist Device Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Others: Ventricular Assist Device Market: Sales Value (in Million US$), 2017 & 2022
- Figure 83: Others: Ventricular Assist Device Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 84: Middle East and Africa: Ventricular Assist Device Market: Sales Value (in Million US$), 2017 & 2022
- Figure 85: Middle East and Africa: Ventricular Assist Device Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 86: Global: Ventricular Assist Device Industry: SWOT Analysis
- Figure 87: Global: Ventricular Assist Device Industry: Value Chain Analysis
- Figure 88: Global: Ventricular Assist Device Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Ventricular Assist Device Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Ventricular Assist Device Market Forecast: Breakup by Product (in Million US$), 2023-2028
- Table 3: Global: Ventricular Assist Device Market Forecast: Breakup by Flow Type (in Million US$), 2023-2028
- Table 4: Global: Ventricular Assist Device Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 5: Global: Ventricular Assist Device Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 6: Global: Ventricular Assist Device Market Forecast: Breakup by End-User (in Million US$), 2023-2028
- Table 7: Global: Ventricular Assist Device Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 8: Global: Ventricular Assist Device Market Structure
- Table 9: Global: Ventricular Assist Device Market: Key Players
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