Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/ventricular-assist-device-market/requestsample
The key highlights of the report include:
Market Overview (2015-2026)
- Historical Market Size (2020): USD 1.4 billion
- Forecast CAGR (2021-2026): 11.5%
- Forecast Market Size (2026): USD 2.8 billion
The global Ventricular Assist Device market witnessed decent growth in the historical period, due to an increase in lifestyle related diseases and rising incidences of chronic diseases like diabetes, hypertension, cardiovascular diseases etc.
Industry Definition and Major Segments
Ventricular Assist Device functions as a mechanical circulatory support device, that is, as an implantable mechanical pump that aids in pumping blood from the lower chambers of the heart to the rest of the body. These devices are important in several treatment approaches for heart-related ailments. These life saving devices can be used to replace the function of a failing heart, either partially or totally.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/ventricular-assist-device-market
By product type, the market is segmented into:
- Left Ventricular Assist Devices (LVADs)
- Right Ventricular Assist Devices (RVADs) Silicon
- Biventricular Assist Devices (BIVADs)
By application, the market is bifurcated into:
- Bridge-To-Transplant (BTT) Therapy
- Destination Therapy
- Bridge-To-Recovery (BTR) Therapy
- Bridge-To-Candidacy (BTC) Therapy
By design, the market is split into:
- Transcutaneous Ventricular Assist Devices
- Implantable Ventricular Assist Devices
The regional market for Ventricular Assist Device includes:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Geographically, North America held the largest market in the historical period. The availability of regulated reimbursement policies and coverages, as well as increased awareness of VADs such as bridge-to-recovery, destination therapies, and bridge-to-transplant, are expected to drive the VAD industry in the forecast period. The United States has the largest number of obese citizens, putting them vulnerable to cardiovascular disease. In addition, the development of technologically advanced healthcare facilities in the United States is predicted to raise treatment numbers and provide impetus to market expansion. However, Asia Pacific is anticipated to register the highest CAGR growth in the forecast period. Advancement in healthcare facilities and favourable initiatives from the region's governments are boosting the public and private partnerships and investments in countries like China, India, etc.
One of the important factors driving the growth of the VAD market is the rise in the incidence of chronic illnesses and the drop in organ transplantation, due to long waiting times for receiving the transplant. Furthermore, growing geriatric population and rising natality are significant impact-rendering drivers for the market over the projected period. The VAD market is continually changing, and the major companies are investing in product innovation and development. The market for VAD is projected to be driven by technological improvements along with timely regulatory approvals in the form of small-size devices with features such as infection control. These factors are expected to propel the market in the forecast period.
Key Market Players
The major players in the global market involve Terumo Corporation (OTCMKTS: TRUMY), ReliantHeart, Inc., Medtronic Plc., Jarvik Heart, Inc., CardiacAssist Technologies, Calon Cardio-Technology Ltd., Abbott Laboratories , Asahi Kasei Corporation, Abiomed, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Read More Reports:-
Global Patient Monitoring Market: https://www.expertmarketresearch.com/reports/patient-monitoring-market
Global Smart Medical Devices Market: https://www.expertmarketresearch.com/reports/smart-medical-devices-market
Global Pen Needles Market: https://www.expertmarketresearch.com/reports/pen-needles-market
Global Breast Pumps Market: https://www.expertmarketresearch.com/reports/breast-pumps-market
Global Aortic Valve Replacement Devices Market: https://www.expertmarketresearch.com/reports/aortic-valve-replacement-devices-market
Global Bone Growth Stimulators Market: https://www.expertmarketresearch.com/reports/bone-growth-stimulators-market
Global Intraocular Lens Market: https://www.expertmarketresearch.com/reports/intraocular-lens-market
Global Cardiac Pacemaker Market: https://www.expertmarketresearch.com/reports/cardiac-pacemaker-market
Global Hemostats Market: https://www.expertmarketresearch.com/reports/hemostats-market
Global Pain Management Devices Market: https://www.expertmarketresearch.com/reports/pain-management-devices-market
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients' needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client's unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Company Name: EMR Inc.
Contact Person:-Ian Bell, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Country: United States
**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
Explore more on Procurement Intelligence services of EMR Inc.