Global Ventricular Assist Device Market
Ventricular assist devices are mechanical pumps used to support cardiac circulation in patients who have weakened hearts.
A ventricular assist device VAD is an electromechanical device for assisting cardiac circulation, which is used either to partially or to completely replace the function of a failing heart. The function of VADs is different from that of artificial cardiac pacemakers; some are for short-term use, typically for patients recovering from a myocardial infarction heart attack and for patients recovering from cardiac surgery; some are for long-term use months to years to perpetuity, typically for patients suffering from advanced heart failure.
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The major factors that drive the growth of the global ventricular assist devices market include an increase in the incidence of patients with heart failure and shortage of heart donors. In accordance with the estimates of the American Heart Association, approximately 5.5 million individuals are affected by heart failure in the U.S. In addition, in the U.S., approximately 670,000 new cases of heart failure are diagnosed each year. Moreover, it is estimated that in the U.S., approximately 5.7 million patients of age 20 are affected with heart failure, while 30% of patients are below the age of 60.
Some of the key applications in the foot orthotics insole market include Bridge-to-transplant BTT, Destination Therapy DT, and others. Bridge-to-transplant BTT segment accounted for over 52.2% share of total sales generated in 2018. Destination Therapy DT segment is another leading segment of Ventricular Assist Device market and it accounted for over 30% share of the total market in 2018.
According to this study, over the next five years, the Ventricular Assist Device market will register an xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share sales and revenue of key companies in Ventricular Assist Device business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Ventricular Assist Device market by product type, application, key manufacturers and key regions and countries.
This study considers the Ventricular Assist Device value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
LVADs
RVADs
BIVADs
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Bridge-to-transplant BTT
Destination Therapy DT
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
The key manufacturers covered in this report: Breakdown data in in Chapter 3.
AbioMed
Abbott Thoratec
Medtronic HeartWare
Berlin Heart
…
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Ventricular Assist Device consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Ventricular Assist Device market by identifying its various sub-segments.
Focuses on the key global Ventricular Assist Device manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Ventricular Assist Device with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks.
To project the consumption of Ventricular Assist Device submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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