The Business Research Company’s Ventricular Assist Device Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Ventricular Assist Device Global Market Report 2023 evaluates ventricular assist device market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global ventricular assist device market is expected to grow from $3,003.1 million in 2027 at a rate of 12.0%. The market is then expected to grow at a CAGR of 12.0% from 2027 and reach $5,295.8 million in 2032.
The increasing need for destination therapy, which refers to the use of permanently implanted left ventricular assist devices (LVAD) to treat patients with severe end-stage heart failure, is expected to be the major driver of the market. This can be attributed to the increased durability and hemocompatibility of LVAD support as a result of new technologies and novel management strategies. In addition, the low availability and high costs of organ transplants will make VAD a more accessible alternative for patients. The three commonly used durable devices approved by the US FDA (Food and Drug Administration) for destination therapy implantation include the HeartMate 2 (Abbott Inc), the HVAD (Medtronic Ltd) and the HeartMate III (Abbott Inc). VADs in the USA, for instance, can cost over $150,000 including the surgery fee, however, advances in technology are expected to improve survival rates and reduce costs of VADs, supporting their adoption going forward.
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The ventricular assist device market segments in the report are:
1) By Product: Left Ventricular Assist Devices (LVADs); Right Ventricular Assist Devices (RVADs); Biventricular Assist Devices (BIVADs).
2) By Type: Pulsatile Flow; Continuous Flow
3) By Design: Transcutaneous Ventricular Assist Devices; Implantable Ventricular Assist Devices
4) By Application: Bridge-To-Transplant (BTT) Therapy; Destination Therapy; Bridge-To-Recovery (BTR) Therapy; Bridge-To-Candidacy (BTC) Therapy
5) By End Users: Hospital; Ambulatory Surgical Centres; Cardiology Centres
The table of contents in TBRC’s ventricular assist device market report includes:
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
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26. Company Profiles
27. Key Mergers and Acquisitions
28. Opportunities And Strategies
29. Ventricular Assist Device Market, Conclusions And Recommendations
30. Appendix
Top Major Players:
- Abiomed
- Abbott Laboratories
- Medtronic
- LivaNova PLC
- Terumo Corporation
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