Ventricular Assist Devices Market Statistics and Forecast

The Ventricular Assist Device Global Market Report 2023, provides comprehensive information on the ventricular assist device market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Ventricular Assist Device Global Market Report 2023, the market size is expected to grow from$1.71 billion in 2022 to $1.92 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global ventricular assist device market is expected to grow to $3.02 billion in 2027 at a CAGR of 12.0%.

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Technological advancement is a key trend gaining popularity in the ventricular assist device market. The company operating in the ventricular assist device sector are focusing on developing next-generation ventricular assist devices to improve the function of blood circulation. Key players are focusing on developing ventricular assist devices with new technology to gain a competitive edge and strengthen their position in the market. For instance, CorWave, a France-based medical technology company has developed left ventricular assist device (LVAD) membrane pump technology. This LVAD based on membrane pump technology utilizes a pulse pump (electromagnetic pulses) instead of a rotary pump to move blood and more closely encourages the movement of blood in a heart. It creates a pulsatile pumping action much more similar to the native heart.

The ventricular assist device market is segmented:

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 User: Hospitals, Ambulatory Surgical Centers, Cardiology Centers

North America was the largest region in the ventricular assist device market in 2022.

The table of contents in TBRC’s ventricular assist device market report includes:

1. Executive Summary
2. Ventricular Assist Device Market Characteristics
3. Ventricular Assist Device Market Trends And Strategies
4. Ventricular Assist Device – Macro Economic Scenario
5. Ventricular Assist Device Market Size And Growth.

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26. Africa Ventricular Assist Device Market
27. Ventricular Assist Device Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Ventricular Assist Device Market
29. Ventricular Assist Device Market Future Outlook and Potential Analysis
30. Appendix

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