Ventricular Assist Devices Market Share,Size and Forecast 2019-2026

SKU: DMD383 | Last Updated On: 2019-08-16 | No. of Pages: 180 | Available Formats

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In 2018, Medtronic received FDA approval for its HeartWare Ventricular Assist Device (HVAD).

Global Ventricular Assist Devices Market Overview

The global Ventricular Assist Devices market was worth US$XX billion in 2018 and is forecasted to reach US$XX billion by 2026, at a CAGR of XX% during the forecast period.

A ventricular assist device (VAD) is an electromechanical device for assisting cardiac circulation, which is used either to partially or to replace the function of a failing heart completely. Ventricular assist devices are mechanical pumps used to support cardiac circulation in patients who have weakened hearts. The role of VADs are different some are for short-term use, typically for patients recovering from a heart attack and for patients recovering from cardiac surgery; some are for long-term use, usually for patients suffering from advanced heart failure. Thus, growing incidences are heart failures is boosting the global ventricular assist devices market at a high CAGR of XX%.

Global Ventricular Assist Devices Market-Market Dynamics

Increasing in the prevalence & incidence of patients with heart failure and shortage of heart donors is driving the global ventricular assist devices market.   According to NIH, in 2017, Heart failure (HF) is a global pandemic affecting about 26 million people worldwide and is increasing in prevalence. Thus, growing heart failure incidents are propelling global market growth.

Furthermore, the advent of technically advanced VAD propels the market growth. In 2016, Jarvik Heart received approval for its Investigational Device Exemption (IDE) clinical trial to test its miniature LVAD system in infants and children.

However, factors such as high cost and serious complications involved with usage of ventricular assist devices such as blood clots and bleeding, are restricting the global ventricular assist devices market growth.

Global Ventricular Assist Devices Market – Segment Analysis

Based on product the global Ventricular Assist Devices market is broadly segmented as Biventricular Assist Device, left ventricular assist devices, and right ventricular assist devices. Left ventricular devices accounted for major market share in 2018, in the global ventricular assist devices market. It is owing to the increasing number of people suffering from end-stage heart failure, which results in a growing demand for LVAD devices. Also, growing LVAD programs include MedStar Advanced Heart Failure Program, Inova's Heart Failure Program, Michigan Medicine VAD Program, and others are boosting this segment in the global ventricular assist devices market. During the forecast period (2019-2026), the right ventricular assist devices segment is expected to drive the global ventricular assist devices market. Growing incidences of acute right ventricular failure are boosting the right ventricular assist devices segment in the global ventricular assist devices market.

Global Ventricular Assist Devices Market – Geographical Analysis

The global Ventricular Assist Devices market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.  North America region accounted for major market share in 2018 in the global ventricular assist devices market. It is owing to the rising prevalence of heart failure and other cardiovascular diseases. According to the American Heart Association (AHA), in 2017, around 790,000 people had heart attacks in the US.

Additionally, a growing number of patients waiting for organ transplantation are some of the major factors driving the market in this region. During the forecast period (2019-2026), the Asia Pacific region is expected to grow at a significant rate, owing to the increasing incidence of heart failures is propelling the market growth. Also, due to rising healthcare expenditure, and recent improvements in healthcare infrastructure in many countries, including China, Japan, India, Singapore, and others.

Global Ventricular Assist Devices Market – Competitive Analysis

Significant players of the global ventricular assist devices market are Abiomed Inc, Terumo Medical Corporation, Cardiokinetix, Inc., Calon Cardio-Technology Ltd, Corassist Cardiovascular Ltd., Jarvik Heart, Inc, Syncardia Systems, Berlin Heart GmbH, Evaheart, St. Jude Medical, Inc, and others. The diversified product portfolio is the major factor that is responsible for strengthening the position of these companies in the market. Also, they have been adopting key strategies, such as new product developments, acquisitions, and expansions, to increase their share in the ventricular assist devices market. For instance, in 2017, Abbott’s HeartMate3 Left Ventricular Assist Device (LVAD) received FDA approval. In 2018, the same device is received FDA approval as a destination therapy for people living with advanced heart failure who are not eligible for a heart transplant.

Why Purchase the Report?

  • Visualize the composition of the Ventricular Assist Devices market across each indication, in terms of type and treatment options, highlighting the key commercial assets and players.
  • Identify commercial opportunities in the Ventricular Assist Devices market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of the Ventricular Assist Devices market-level 4/5 segmentation.
  • A PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key products of all major market players

Target Audience:

  • Equipment Suppliers/ Buyers
  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers
  1. Global Ventricular Assist Devices Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Global Ventricular Assist Devices Market – Market Definition and Overview

  3. Global Ventricular Assist Devices Market – Executive Summary

    1. Market Snippet by Product Type
    2. Market Snippet by Design
    3. Market Snippet by Application
    4. Market Snippet by Region     
  4. Global Ventricular Assist Devices Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Increase in Incidence of Patients with Heart Failure
        2. Technological Developments
      2. Restraints
        1. Serious complications
      3. Opportunity
      4. Impact Analysis
  5. Global Ventricular Assist Devices Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. Supply Chain Analysis
    3. Pricing Analysis
    4. Regulatory Analysis
    5. Key Technology Trends
    6. Epidemiology Analysis
  6. Global Ventricular Assist Devices Market – By Product Type

      1.  Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      3. Market Attractiveness Index, By Product Type
    1. Left Ventricular Assist Device
      1. Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%), 2018-2026
    2. Right Ventricular Assist Device
    3. Biventricular Assist Device
  7. Global Ventricular Assist Devices Market – By Design

      1.  Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Design
      3. Market Attractiveness Index, By Design
    1.    Implantable Ventricular Assist Devices
      1. Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%), 2018-2026
    2.    Transcutaneous Ventricular Assist Devices
  8. Global Ventricular Assist Devices Market – By Application

      1.  Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      3. Market Attractiveness Index, By Application
    1. Bridge to candidacy therapy
      1. Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%), 2018-2026
    2. Bridge to transplant therapy
    3. Bridge to recovery therapy
    4. Destination therapy
  9. Global Ventricular Assist Devices Market – By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Design
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. The U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Design
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. The U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Design
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Design
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. Middle East & Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Design
  10. Global Ventricular Assist Devices Market – Competitive Landscape

    1.   Competitive Scenario
    2.  Competitor  Ventricular Assist Devices Strategy Analysis
    3. Comparative Product Portfolio Analysis
    4. Market Positioning/Share Analysis
    5. Mergers and Acquisitions Analysis
  11. Global Ventricular Assist Devices Market - Company Profiles

    1. Abiomed Inc
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Terumo Medical Corporation
    3.  Cardiokinetix, Inc.
    4. Calon Cardio-Technology Ltd
    5.  Corassist Cardiovascular Ltd.
    6. Jarvik Heart, Inc
    7.   Syncardia Systems
    8.  Berlin Heart GmbH
    9.  Evaheart.
    10.  St. Jude Medical, Inc
  12. Global  Ventricular Assist Devices Market – Premium Insights

  13. Global  Ventricular Assist Devices Market – DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us
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