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Global Ventricular Assist Device Market: By Product Type; By Applications; By Design: Transcutaneous Ventricular Assist Devices, Implantable Ventricular Assist Devices; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Ventricular Assist Device Market Outlook

The global ventricular assist device market stood at a value of around USD 1.17 billion in 2020 and is predicted to grow at a CAGR of 11.6% over the forecast period of 2021-2026.

 

Rising incidences of heart failure and cardiovascular disease have resulted in the increased demand for ventricular assist devices as they help in mechanically pumping blood in patients with heart failure or weak heart.

 

Global Ventricular Assist Device Market

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Properties and Applications

A ventricular assist device 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 market can be divided on the basis of segments like product type, applications, and design.

 

Global Ventricular Assist Device Market By Application

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The market can be divided on the basis of its product type as left ventricular assist devices (LVADs), right ventricular assist devices (RVADs) silicon, and biventricular assist devices (BIVADs). The industry can be broadly categorised on the basis of its applications into:

  • Bridge-To-Transplant (BTT) Therapy
  • Destination Therapy
  • Bridge-To-Recovery (BTR) Therapy
  • Bridge-To-Candidacy (BTC) Therapy

The industry can be categorised based on design as transcutaneous ventricular assist devices and implantable ventricular assist devices.

The EMR report looks into the regional ventricular assist device markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Global Ventricular Assist Device Market By Region

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Market Analysis

The increasing prevalence of cardiovascular diseases, technological advancements pertaining to novel product developments, and shortage of transplant organs are the major factors accelerating the growth of the industry. Moreover, increased public financing for new-product development combined with ongoing studies in this field are aiding the ventricular assist device industry further. High procedure cost and limited insurance coverage are the constraints, which may affect the market growth in the coming years.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global ventricular assist device industry, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Terumo Corporation (OTCMKTS: TRUMY)
  • ReliantHeart, Inc.
  • Medtronic Plc.
  • Jarvik Heart, Inc.
  • CardiacAssist Technologies
  • Calon Cardio-Technology Ltd.
  • Abbott Laboratories 
  • Asahi Kasei Corporation 
  • Abiomed, Inc.
  • Others

The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s five forces.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Applications, Design, Region
Breakup by Product Type Left Ventricular Assist Devices (LVADs), Right Ventricular Assist Devices (RVADs) Silicon, Biventricular Assist Devices (BIVADs) 
Breakup by Applications Bridge-To-Transplant (BTT) Therapy, Destination Therapy, Bridge-To-Recovery (BTR) Therapy, Bridge-To-Candidacy (BTC) Therapy
Breakup by Design Transcutaneous Ventricular Assist Devices, Implantable Ventricular Assist Devices
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Terumo Corporation, ReliantHeart, Inc., Medtronic Plc., Jarvik Heart, Inc., CardiacAssist Technologies, Calon Cardio-Technology Ltd., Abbott Laboratories, Asahi Kasei Corporation, Abiomed, Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

Key Questions Answered in the Report

  • How has the global ventricular assist device industry performed in the previous years (2016-2020)?
  • What is the forecast assessment of the market for 2021-2026?
  • What are the major drivers for the historical (2016-2020) and forecast (2021-2026) periods?
  • What are the major constraints for the historical (2016-2020) and forecast (2021-2026) periods?
  • What are the major demand indicators of the global market?
  • What is the degree of competition in the global market?
  • Who are the major manufacturers of ventricular assist device in the industry globally?
  • What are the major events and developments taking place within the industry, globally?

*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.

1    Preface
    1.1    Objectives of the Study
    1.2    Key findings of the Study
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Inference Data
3    Executive Summary
    3.1    Market Overview
    3.2    Market Analysis 
4    Global Ventricular Assist Device Market 
    4.1    Global Ventricular Assist Device Market (2016-2020) & Forecast (2021-2026)
    4.2    Global Ventricular Assist Device Market Breakup by Product Type
        4.2.1    Left Ventricular Assist Devices (LVADs) 
        4.2.2    Right Ventricular Assist Devices (RVADs) Silicon
        4.2.3    Biventricular Assist Devices (BIVADs) 
    4.3    Global Ventricular Assist Device Market Breakup by Product Type: Historical Market (2016-2020) & Forecast (2021-2026)
        4.3.1    Left Ventricular Assist Devices (LVADs) 
        4.3.2    Right Ventricular Assist Devices (RVADs) Silicon
        4.3.3    Biventricular Assist Devices (BIVADs) 
    4.4    Global Ventricular Assist Device Market Breakup by Applications
        4.4.1    Bridge-To-Transplant (BTT) Therapy
        4.4.2    Destination Therapy
        4.4.3    Bridge-To-Recovery (BTR) Therapy
        4.4.4    Bridge-To-Candidacy (BTC) Therapy
    4.5    Global Ventricular Assist Device Market Breakup by Applications: Historical Market (2016-2020) & Forecast (2021-2026)
        4.5.1    Bridge-To-Transplant (BTT) Therapy
        4.5.2    Destination Therapy
        4.5.3    Bridge-To-Recovery (BTR) Therapy
        4.5.4    Bridge-To-Candidacy (BTC) Therapy
    4.6    Global Ventricular Assist Device Market Breakup by Design
        4.6.1    Transcutaneous Ventricular Assist Devices
        4.6.2    Implantable Ventricular Assist Devices
    4.7    Global Ventricular Assist Device Market Breakup by Design: Historical Market (2016-2020) & Forecast (2021-2026)
        4.7.1    Transcutaneous Ventricular Assist Devices
        4.7.2    Implantable Ventricular Assist Devices
    4.8    Global Ventricular Assist Device Market Breakup by Region
        4.8.1    North America
            4.8.1.1    United States of America
            4.8.1.2    Canada
        4.8.2    Europe
            4.8.2.1    Germany
            4.8.2.2    United Kingdom
            4.8.2.3    France
            4.8.2.4    Italy
            4.8.2.5    Others
        4.8.3    Asia Pacific
            4.8.3.1    China
            4.8.3.2    Japan
            4.8.3.3    India
            4.8.3.4    ASEAN
            4.8.3.5    Others
        4.8.4    Latin America
            4.8.4.1    Brazil
            4.8.4.2    Argentina
            4.8.4.3    Mexico
            4.8.4.8    Others
        4.8.5    Middle East & Africa
            4.8.5.1    Saudi Arabia
            4.8.5.2    United Arab Emirates
            4.8.5.3    Nigeria
            4.8.5.4    South Africa
            4.8.5.5    Others
    4.9     Global Ventricular Assist Device Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
        4.9.1    North America
            4.9.1.1    United States of America
            4.9.1.2    Canada
        4.9.2    Europe
            4.9.2.1    Germany
            4.9.2.2    United Kingdom
            4.9.2.3    France
            4.9.2.4    Italy
            4.9.2.5    Others
        4.9.3    Asia Pacific
            4.9.3.1    China
            4.9.3.2    Japan
            4.9.3.3    India
            4.9.3.4    ASEAN
            4.9.3.5    Others
        4.9.4    Latin America
            4.9.4.1    Brazil
            4.9.4.2    Argentina
            4.9.4.3    Mexico
            4.9.4.9    Others
        4.9.5    Middle East & Africa
            4.9.5.1    Saudi Arabia
            4.9.5.2    United Arab Emirates
            4.9.5.3    Nigeria
            4.9.5.4    South Africa
            4.9.5.5    Others
5    SWOT Analysis
    5.1    Overview
    5.2    Strengths
    5.3    Weaknesses
    5.4    Opportunities
    5.5    Threats
6    Porter’s Five Forces Analysis
    6.1    Overview
    6.2    Buyer’s Power
    6.3    Supplier’s Power
    6.4    New Entrants
    6.5    Degree of Rivalry
    6.6    Substitutes
7    Key Players & Company Profile Analysis 
    7.1    Terumo Corporation
    7.2    ReliantHeart, Inc.
    7.3    Medtronic Plc.
    7.4    Jarvik Heart, Inc.
    7.5    CardiacAssist Technologies
    7.6    Calon Cardio-Technology Ltd.
    7.7    Abbott Laboratories 
    7.8    Asahi Kasei Corporation 
    7.9    Abiomed, Inc.
    7.10    Others
8    Industry Events and Developments

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