Report
Our reports provide latest industry trends, forecasts, company profiles, competitive landscape, and strategic insights.
Left Ventricular Assist Device Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type of Flow (Pulsatile and Non-Pulsatile), Design (Implantable Ventricular Assist Devices and Transcutaneous Ventricular Assist Devices), and Application (Bridge-to-Transplantation, Destination Therapy, Bridge-to-Recovery, and Bridge-to-Candidacy)
- Report Code : TIPRE00018950
- Pages : 159
The left ventricular assist device market is expected to grow from US$ 1,272.08 million in 2021 to US$ 1,806.19 million by 2028; it is estimated to grow at a CAGR of 5.1% from 2022 to 2028. The significant increase in the prevalence of target diseases and a rise in the geriatric population across the world drive the market growth. However, growing product recalls and complications associated with left ventricular assist devices hamper the market growth.
The geriatric population is prone to various conditions, such as cardiovascular disorders (CVD), orthopedic disorders, metabolic disorders, and neurological disorders. According to the World Health Organization (WHO), the aging population across the world will grow from ~1 billion in 2019 to ~2.1 billion by 2050. Moreover, as per the US Census Bureau, the US had ~13% of the population aged 65 and above in 2009, which is estimated to increase by 20% by the end of 2030. As per a study by Emory Healthcare, in the US, ~1.4 million people over the age of 65 have congestive heart failure, and more than 5% of people aged from 60 to 69 years have congestive heart failure. Additionally, the annual incidence rate for congestive heart failure is 10 per 1,000 people aged 65 years and above. Moreover, congestive heart failure is one of the most common diagnoses in hospitals with patients of 65 years and above age and led to 875,000 hospitalizations in the US in 2021. Left ventricular assist devices are widely used in managing end-stage heart failure in the geriatric population. Hence, the growing aging population base and the increasing prevalence of heart failure among this population fuel the left ventricular assist devices market growth.
Emerging countries including India, China, Argentina, Brazil, the UAE, and South Africa are expected to offer significant growth opportunities for LVAD market players mainly due to their rising patient population, increasing R&D activities, growing CVD awareness, rising disposable incomes, improving healthcare infrastructure, and comparatively lenient policies compared to developed countries. Also, emerging markets have seen a sustained increase in heart failure cases over the past decade, which are driven by the growing target patient population, rising cardiovascular disease, and increasing medical tourism. According to the World Economic Forum, Brazil, Russia, India, China, and South Africa were among the fastest-growing economies globally as of 2017 and are expected to account for a third of total global health spending by 2022. As per the WHO, annual cardiovascular events will increase between 2010 and 2030 due to rising geriatric population and population growth in China by 50%. Manufacturers are adopting strategic activities, such as R&D, for business expansion in developing countries. For example, in Argentina in December 2019, the implantation of a HeartMate 3 HM3 (manufactured by Abbott Laboratories) was practiced on a 52-year-old patient with a history of left ventricular noncompaction and severe left ventricular dysfunction. Further, CorWave, a France-based company, raised US$40 million in a series C round to develop its Left Ventricular Assist Device (LVAD). This helps expand manufacturing infrastructure, complete regulatory testing required to conduct human implants, and start human clinical trials. Therefore, increasing opportunities from emerging economies along with expansion of market players on global level by product launches and R&D are likely to create lucrative opportunities for the market growth during the forecast period.
During COVID-19 pandemic, many health authorities focused on COVID-19-related care and avoided human contact due to growing transmission and strain on health-care resources. The authorities were postponing elective surgeries, suspending outpatient clinics, and triaging employees involved in urgent care. Furthermore, many countries-imposed restrictions on nonclinical staff’s access to the facility and guests. Moreover, there has been increase in the prevalence of cardiovascular conditions among COVID-19 patients, which further created the demand for left ventricular assist device studies, which resulted in market growth. Recent COVID-19 guidelines for healthcare professionals suggested a focus on urgent care and triaging cases to postpone elective surgeries and clinic appointments, with a transition to virtual-based care when appropriate.
Moreover, manufacturing companies of many companies manufacturing left ventricular assist device devices to focus on are responding to emergencies through various strategies such as manufacturing PPEs for healthcare workers, distributing pharmaceutical drugs, and other activities. Further, in November 2020, Medtronic and the Medtronic foundation has committed the financial support of US$ 3.8 million on a global level to provide healthcare worker support in terms of food, operational support, mental health support, PPE kits, and others. Thus, the pandemic had a short-term negative impact on the left ventricular assist device market.
Based on type of flow, the global left ventricular assist device market is segmented into pulsatile and non-pulsatile. In 2021, the non-pulsatile segment accounted for a larger market share, and it is further expected to register a higher CAGR in the market during 2022–2028.
Based on design, the left ventricular assist device market is segmented into implantable ventricular assist devices and transcutaneous ventricular assist devices. The implantable ventricular assist devices segment held a larger market share in 2021 and is anticipated to register a higher CAGR during the forecast period.
Based on application, the left ventricular assist device market is segmented into destination therapy, bridge-to-transplantation, bridge-to-candidacy, and bridge-to-recovery. The destination therapy segment held the largest market share in 2021 and is anticipated to register the highest CAGR during the forecast period.
Centers for Disease Control & Prevention (CDC), World Health Organization (WHO), The Heart Foundation, European Heart Network, and American Heart Association are among the primary and secondary sources referred to while preparing the report on the left ventricular assist device market.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Left Ventricular Assist Device Market – By Type of Flow
1.3.2 Global Left Ventricular Assist Device Market – By Design
1.3.3 Global Left Ventricular Assist Device Market – By Application
1.3.4 Global Left Ventricular Assist Device Market – By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Left Ventricular Assist Device Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 Asia Pacific PEST Analysis
4.2.4 Middle East & Africa PEST Analysis
4.2.5 South & Central America PEST Analysis
4.3 Experts Opinion
5. Left Ventricular Assist Device Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Incidence of Target Diseases and Procedures
5.1.2 Growing Geriatric Population
5.2 Market Restraints
5.2.1 Increase in Product Recalls and Complications Associated with Left Ventricular Assist Devices
5.3 Market Opportunities
5.3.1 Untapped Potential of Emerging Economies
5.4 Future Trends
5.4.1 Increased Use of Artificial Intelligence and Machine Learning in LVAD
5.5 Impact Analysis
6. Left Ventricular Assist Device Market – Global Analysis
6.1 Global Left Ventricular Assist Device Market Revenue Forecast & Analysis
6.1.1 Global Left Ventricular Assist Device Market Revenue Forecast & Analysis
6.1.2 Global Left Ventricular Assist Device Market – Market Potential Analysis, By Region
6.2 Market Positioning Analysis of Key Players in Left Ventricular Assist Device Market
6.2.1 Company Analysis
6.2.2 Performance of Key Players
6.2.2.1 ABIOMED Inc.
6.2.2.2 Abbott Laboratories
7. Left Ventricular Assist Device Market Analysis – By Type of Flow
7.1 Overview
7.2 Global Left Ventricular Assist Device Market, By Type of Flow 2021 & 2028 (%)
7.3 Pulsatile Flow
7.3.1 Overview
7.3.2 Pulsatile Market Revenue and Forecast to 2028 (US$ Million)
7.4 Non-Pulsatile
7.4.1 Overview
7.4.2 Non-Pulsatile Market Revenue and Forecast to 2028 (US$ Million)
8. Left Ventricular Assist Device Market Analysis – By Design
8.1 Overview
8.2 Global Left Ventricular Assist Device Market, By Design 2021 & 2028 (%)
8.3 Implantable Ventricular Assist Devices
8.3.1 Overview
8.3.2 Implantable Ventricular Assist Devices Market Revenue and Forecast to 2028 (US$ Million)
8.4 Transcutaneous Ventricular Assist Devices
8.4.1 Overview
8.4.2 Transcutaneous Ventricular Assist Devices Market Revenue and Forecast to 2028 (US$ Million)
9. Left Ventricular Assist Device Market – By Application
9.1 Overview
9.2 Global Left Ventricular Assist Device Market, By Application 2021 & 2028 (%)
9.3 Bridge to Transplantation
9.3.1 Overview
9.3.2 Bridge to Transplantation Market Revenue and Forecast to 2028 (US$ Million)
9.4 Destination Therapy
9.4.1 Overview
9.4.2 Destination Therapy Market Revenue and Forecast to 2028 (US$ Million)
9.5 Bridge to Recovery
9.5.1 Overview
9.5.2 Bridge to Recovery Market Revenue and Forecast to 2028 (US$ Million)
9.6 Bridge to Candidacy
9.6.1 Overview
9.6.2 Bridge to Candidacy Market Revenue and Forecast to 2028 (US$ Million)
10. Left Ventricular Assist Device Market Revenue and Forecasts to 2028 – Geographical Analysis
10.1 North America: Left Ventricular Assist Device Market
10.1.1 Overview
10.1.2 North America: Left Ventricular Assist Device Market Revenue and Forecast to 2028 (US$ Million)
10.1.3 North America: Left Ventricular Assist Device Market, by Type of Flow, 2019-2028 (US$ Million)
10.1.4 North America: Left Ventricular Assist Device Market, by Design, 2019-2028 (US$ Million)
10.1.5 North America: Left Ventricular Assist Device Market, by Application, 2019-2028 (US$ Million)
10.1.6 North America: Left Ventricular Assist Device Market, by Country, 2021 & 2028 (%)
10.1.6.1 US: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.1.6.1.1 Overview
10.1.6.1.2 US: Left Ventricular Assist Device Market Revenue and Forecast to 2028 (US$ Million)
10.1.6.1.3 US: Left Ventricular Assist Device Market, by Type of Flow, 2019-2028 (US$ Million)
10.1.6.1.4 US: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.1.6.1.5 US: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.1.6.2 Canada: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.1.6.2.1 Overview
10.1.6.2.2 Canada: Left Ventricular Assist Device Market Revenue and Forecast to 2028 (US$ Million)
10.1.6.2.3 Canada: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.1.6.2.4 Canada: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.1.6.2.5 Canada: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.1.6.3 Mexico: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.1.6.3.1 Overview
10.1.6.3.2 Mexico: Left Ventricular Assist Device Market Revenue and Forecast to 2028 (US$ Million)
10.1.6.3.3 Mexico: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.1.6.3.4 Mexico: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.1.6.3.5 Mexico: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.2 Europe: Left Ventricular Assist Device Market
10.2.1 Overview
10.2.2 Europe: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.2.3 Europe: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.2.4 Europe: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.2.5 Europe: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.2.6 Europe: Left Ventricular Assist Device Market, by Country, 2021 & 2028 (%)
10.2.6.1 UK: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.1.1 Overview
10.2.6.1.2 UK: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.1.3 UK: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.2.6.1.4 UK: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.2.6.1.5 UK: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.2.6.2 Germany: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.2.1 Overview
10.2.6.2.2 Germany: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.2.3 Germany: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.2.6.2.4 Germany: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.2.6.2.5 Germany: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.2.6.3 France: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.3.1 Overview
10.2.6.3.2 France: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.3.3 France: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.2.6.3.4 France: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.2.6.3.5 France: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.2.6.4 Italy: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.4.1 Overview
10.2.6.4.2 Italy: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.4.3 Italy: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.2.6.4.4 Italy: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.2.6.4.5 Italy: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.2.6.5 Spain: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.5.1 Overview
10.2.6.5.2 Spain: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.5.3 Spain: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.2.6.5.4 Spain: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.2.6.5.5 Spain: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.2.6.6 Rest of Europe: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.6.1 Overview
10.2.6.6.2 Rest of Europe: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.6.3 Rest of Europe: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.2.6.6.4 Rest of Europe: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.2.6.6.5 Rest of Europe: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.3 Asia Pacific: Left Ventricular Assist Device Market
10.3.1 Overview
10.3.2 Asia Pacific: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.3.3 Asia Pacific: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.3.4 Asia Pacific: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.3.5 Asia Pacific: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.3.6 Asia Pacific: Left Ventricular Assist Device Market, by Country, 2021 & 2028 (%)
10.3.6.1 China: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (USD Million)
10.3.6.1.1 Overview
10.3.6.1.2 China: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.3.6.1.3 China: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.3.6.1.4 China: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.3.6.1.5 China Left Ventricular Assist Device Market, by Application, 2019–2028 (USD Million)
10.3.6.2 Japan: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.3.6.2.1 Overview
10.3.6.2.2 Japan: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.3.6.2.3 Japan: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.3.6.2.4 Japan: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.3.6.2.5 Japan: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.3.6.3 India: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (USD Million)
10.3.6.3.1 Overview
10.3.6.3.2 India: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.3.6.3.3 India: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.3.6.3.4 India: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.3.6.3.5 India: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.3.6.4 South Korea: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.3.6.4.1 Overview
10.3.6.4.2 South Korea: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.3.6.4.3 South Korea: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.3.6.4.4 South Korea: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.3.6.4.5 South Korea: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.3.6.5 Australia: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.3.6.5.1 Overview
10.3.6.5.2 Australia: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.3.6.5.3 Australia: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.3.6.5.4 Australia: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.3.6.5.5 Australia: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.3.6.6 Rest of Asia Pacific: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.3.6.6.1 Overview
10.3.6.6.2 Rest of Asia Pacific: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.3.6.6.3 Rest of Asia Pacific: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.3.6.6.4 Rest of Asia Pacific: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.3.6.6.5 Rest of Asia Pacific: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.4 Middle East & Africa Report Name Market
10.4.1 Overview
10.4.2 Middle East & Africa: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.4.3 Middle East & Africa: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.4.4 Middle East & Africa: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.4.5 Middle East & Africa Left Ventricular Assist Device Market, by Application, 2019–2028 (USD Million)
10.4.6 Middle East & Africa: Left Ventricular Assist Device Market, by Country, 2021 & 2028 (%)
10.4.6.1 The UAE: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.4.6.1.1 Overview
10.4.6.1.2 UAE: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.4.6.1.3 UAE: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.4.6.1.4 UAE: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.4.6.1.5 UAE Left Ventricular Assist Device Market, by Application, 2019–2028 (USD Million)
10.4.6.2 Saudi Arabia: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.4.6.2.1 Overview
10.4.6.2.2 Saudi Arabia: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.4.6.2.3 Saudi Arabia: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.4.6.2.4 Saudi Arabia: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.4.6.2.5 Saudi Arabia Left Ventricular Assist Device Market, by Application, 2019–2028 (USD Million)
10.4.6.3 South Africa: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.4.6.3.1 Overview
10.4.6.3.2 South Africa: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.4.6.3.3 South Africa: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.4.6.3.4 South Africa: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.4.6.3.5 South Africa Left Ventricular Assist Device Market, by Application, 2019–2028 (USD Million)
10.4.6.4 Rest of Middle East & Africa: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.4.6.4.1 Overview
10.4.6.4.2 Rest of Middle East & Africa: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.4.6.4.3 Rest of Middle East & Africa: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.4.6.4.4 Rest of Middle East & Africa: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.4.6.4.5 Rest of Middle East & Africa Left Ventricular Assist Device Market, by Application, 2019–2028 (USD Million)
10.5 South and Central America Left Ventricular Assist Device Market
10.5.1 Overview
10.5.2 South and Central America Left Ventricular Assist Device Market Revenue and Forecast to 2028 (US$ Million)
10.5.3 South and Central America Left Ventricular Assist Device Market, By Type of Flow, 2019–2028 (US$ Million)
10.5.4 South and Central America Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.5.5 South and Central America Left Ventricular Assist Device Market, by Application, 2019-2028 (US$ Million)
10.5.6 South and Central America: Left Ventricular Assist Device Market, by Country, 2022 & 2028 (%)
10.5.6.1 Brazil: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (USD Million)
10.5.6.1.1 Overview
10.5.6.1.2 Brazil Left Ventricular Assist Device Market Revenue and Forecast to 2028 (US$ Million)
10.5.6.1.3 Brazil Left Ventricular Assist Device Market, By Type of Flow, 2019–2028 (US$ Million)
10.5.6.1.4 Brazil Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.5.6.1.5 Brazil: Left Ventricular Assist Device, By Application, 2019–2028 (US$ Million)
10.5.6.2 Argentina: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (USD Million)
10.5.6.2.1 Overview
10.5.6.2.2 Argentina Left Ventricular Assist Device Market Revenue and Forecast to 2028 (US$ Million)
10.5.6.2.3 Argentina: Left Ventricular Assist Device Market, By Type of Flow, 2019–2028 (US$ Million)
10.5.6.2.3.1 Argentina: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.5.6.2.4 Argentina: Left Ventricular Assist Device Market, By Application, 2019–2028 (US$ Million)
10.5.6.3 Rest of the South and Central America: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (USD Million)
10.5.6.3.1 Overview
10.5.6.3.2 Rest of the South and Central America Left Ventricular Assist Device Market Revenue and Forecast to 2028 (US$ Million)
10.5.6.3.3 Rest of South & Central America: Left Ventricular Assist Device Market, By Type of Flow, 2019–2028 (US$ Million)
10.5.6.3.4 Rest of South & Central America: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.5.6.3.5 Rest of South & Central America Left Ventricular Assist Device Market, By Application, 2019–2028 (US$ Million)
11. Impact Of COVID-19 Pandemic on Left Ventricular Assist Device Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
11.2 Europe: Impact Assessment of COVID-19 Pandemic
11.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.4 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
11.5 South and Central America: Impact Assessment of COVID-19 Pandemic
12. COMPANY PROFILES
12.1 ABIOMED Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Abbott Laboratories
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Medtronic Plc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 LivaNova Plc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Jarvik Heart Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Terumo Corp
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Berlin Heart GmbH
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 BiVACOR Inc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Evaheart Inc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 BioVentrix Inc
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America: Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. Europe: Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 14. Europe: Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe: Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 16. UK: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
Table 17. UK: Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 18. UK: Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 19. Germany: Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 20. Germany: Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 21. Germany: Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 22. France: Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 23. France: Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 24. France: Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy: Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 26. Italy: Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 27. Italy: Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 28. Spain: Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 29. Spain: Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 30. Spain: Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 31. Rest of Europe: Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 32. Rest of Europe: Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 33. Rest of Europe: Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 34. Asia Pacific Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 35. Asia Pacific Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 36. Asia Pacific Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 37. China Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 38. China Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 39. China Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 40. Japan Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 41. Japan Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 42. Japan Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 43. India Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 44. India Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 45. India Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 46. South Korea Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 47. South Korea Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 48. South Korea Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 49. Australia Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 50. Australia Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 51. Australia Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 52. Rest of Asia Pacific Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 53. Rest of Asia Pacific Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 54. Rest of Asia Pacific Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 55. Middle East & Africa Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 56. Middle East & Africa Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 57. Middle East & Africa Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 58. UAE Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 59. UAE Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 60. UAE Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 61. Saudi Arabia Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 62. Saudi Arabia Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 63. Saudi Arabia Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 64. South Africa Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 65. South Africa Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 66. South Africa Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 67. Rest of Middle East & Africa Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 68. Rest of Middle East & Africa Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 69. Rest of Middle East & Africa Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 70. South and Central America Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 71. South and Central America Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 72. South and Central America Left Ventricular Assist Device Market, by Application – Revenue and Forecasts to 2028 (US$ Million)
Table 73. Brazil Left Ventricular Assist Device Market, by Type of Flow- Revenue and Forecasts to 2028 (US$ Million)
Table 74. Brazil Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 75. Brazil: Left Ventricular Assist Device Market, by Application – Revenue and Forecasts to 2028(US$ Million)
Table 76. Argentina: Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecasts to 2028 (US$ Million)
Table 77. Argentina: Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 78. Argentina: Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 79. Rest of South & Central America: Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 80. Rest of South & Central America: Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 81. Rest of South & Central America Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 82. Glossary of Terms
LIST OF FIGURES
Figure 1. Left Ventricular Assist Device Market Segmentation
Figure 2. Left Ventricular Assist Device Market, By Region
Figure 3. Global Left Ventricular Assist Device Market Overview
Figure 4. Implantable Ventricular Assist Device Held Largest Share for Design Segment in Left Ventricular Assist Device Market
Figure 5. Asia Pacific is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. Left Ventricular Assist Device Market, by Geography (US$ Million)
Figure 7. Global Left Ventricular Assist Device Market – Leading Country Markets (US$ Million)
Figure 8. North America: PEST Analysis
Figure 9. Europe: PEST Analysis
Figure 10. Asia Pacific: PEST Analysis
Figure 11. Middle East & Africa: PEST Analysis
Figure 12. South & Central America: PEST Analysis
Figure 13. Experts Opinion
Figure 14. Impact Analysis
Figure 15. Global Left Ventricular Assist Device Market – Revenue Forecast and Analysis – 2020- 2028
Figure 16. Global Left Ventricular Assist Device Market – Revenue Forecast & Analysis – 2022 – 2028
Figure 17. Global Left Ventricular Assist Device Market – Market Potential Analysis, By Region
Figure 18. Market Positioning Analysis of Key Players in Global Left Ventricular Assist Device Market
Figure 19. Global Left Ventricular Assist Device Market – Comparative Company Analysis
Figure 20. Global Left Ventricular Assist Device Market, by Type of Flow 2021 & 2028 (%)
Figure 21. Pulsatile Market Revenue and Forecasts to 2028 (US$ Million)
Figure 22. Non-Pulsatile Market Revenue and Forecasts to 2028 (US$ Million)
Figure 23. Global Left Ventricular Assist Device Market, by Design 2021 & 2028 (%)
Figure 24. Implantable Ventricular Assist Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 25. Transcutaneous Ventricular Assist Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 26. Global Left Ventricular Assist Device Market, by Application 2021 & 2028 (%)
Figure 27. Bridge to Transplantation Market Revenue and Forecasts to 2028 (US$ Million)
Figure 28. Destination Therapy Market Revenue and Forecasts to 2028 (US$ Million)
Figure 29. Bridge to Recovery Market Revenue and Forecasts to 2028 (US$ Million)
Figure 30. Bridge to Candidacy Market Revenue and Forecasts to 2028 (US$ Million)
Figure 31. North America: Left Ventricular Assist Device Market Revenue Overview, By Key Country – Revenue (2021) (US$ Million)
Figure 32. North America: Left Ventricular Assist Device Market Revenue and Forecast To 2028 (US$ Million)
Figure 33. North America: Left Ventricular Assist Device Market, By Country, 2021 & 2028 (%)
Figure 34. US: Left Ventricular Assist Device Market Revenue and Forecast To 2028 (US$ Million)
Figure 35. Canada: Left Ventricular Assist Device Market Revenue and Forecast To 2028 (US$ Million)
Figure 36. Mexico: Left Ventricular Assist Device Market Revenue and Forecast To 2028 (US$ Million)
Figure 37. Europe: Left Ventricular Assist Device Market, by Key Country – Revenue (2021) (US$ Million)
Figure 38. Europe: Left Ventricular Assist Device Market Revenue and Forecast to 2028 (US$ Million)
Figure 39. Europe: Left Ventricular Assist Device Market, by Country, 2021 & 2028 (%)
Figure 40. UK: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Germany: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. France: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Italy: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Spain: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. Rest of Europe: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. Asia Pacific: Left Ventricular Assist Device Market, by Key Country – Revenue (2021) (US$ Million)
Figure 47. Asia Pacific Left Ventricular Assist Device Market Revenue and Forecast to 2028 (USD Million)
Figure 48. China: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. Japan: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. India: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. South Korea: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. Australia: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. Rest of Asia Pacific: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. Middle East & Africa: Left Ventricular Assist Device Market, by Key Country – Revenue (2021) (US$ Million)
Figure 55. Middle East & Africa Left Ventricular Assist Device Market Revenue and Forecast to 2028 (USD Million)
Figure 56. UAE: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. Saudi Arabia: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. South Africa: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. Rest of Middle East & Africa: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. South and Central America Left Ventricular Assist Device Market Revenue Overview, by Country, 2022 (US$ Million)
Figure 61. South and Central America Left Ventricular Assist Device Market Revenue and Forecast to 2028 (US$ Million)
Figure 62. South and Central America: Left Ventricular Assist Device Market, by Country, 2022 & 2028 (%)
Figure 63. Brazil: Left Ventricular Assist Device Market Revenue and Forecast to 2028 (US$ Million)
Figure 64. Argentina: Left Ventricular Assist Device Market Revenue and Forecast to 2028 (US$ Million)
Figure 65. Rest of the South and Central America: Left Ventricular Assist Device Market Revenue and Forecast to 2028 (US$ Million)
Figure 66. Impact of COVID-19 Pandemic on North American Country Markets
Figure 67. Impact of COVID-19 Pandemic in European Countries Markets
Figure 68. Impact of COVID-19 Pandemic in Asia-Pacific Country Markets
Figure 69. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 70. Impact of COVID-19 Pandemic in South and Central American Countries
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the left ventricular assist device market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global left ventricular assist device market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
The List of Companies – Left Ventricular Assist Device Market
1. ABIOMED Inc
2. Abbott Laboratories
3. Medtronic Plc
4. LivaNova Plc
5. Jarvik Heart Inc
6. Terumo Corp
7. Berlin Heart GmbH
8. BiVACOR Inc
9. Evaheart Inc
10. BioVentrix Inc
Impantable Ventricular Assist Devices Segment to Grow Significantly During 2022–2028
According to our new study on “Left Ventricular Assist Device Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type of Flow, Design, and Application,” the market is expected to reach US$ 1,806.19 million by 2028 from US$ 1,272.08 million in 2021. It is estimated to grow at a CAGR of 5.1% from 2022 to 2028. A significantly increasing prevalence of target diseases and rising geriatric population across the world drive the market growth. However, growing product recalls and complications associated with left ventricular assist devices hamper the market growth.
COVID-19 Pandemic Impact on left ventricular assist device market
In 2020, the implementation of stringent lockdown regulations across several countries due to the effects of the COVID-19 pandemic disrupted the production and procedures of left ventricular assist devices. Also, many countries and cities were shut down amid the lockdown, causing the cancellation of treatments and doctor appointments. Patients suffering from critical issues need physical attention in the clinics. Cardiac issues are one of the most preventable public health challenges in all regions. Due to the rising intensity of the COVID-19 pandemic, the patients could not visit the clinics. Moreover, there was shortage of staff. Hence, the COVID-19 pandemic negatively impacted the global left ventricular assist device market.
During the COVID-19 outbreak, healthcare systems were overburdened, and the delivery of medical care to all patients became a challenge across the world. In addition, the medical device industry was facing the negative impact of COVID-19 pandemic. As the pandemic unfolded, medical device companies found difficulties managing their operations. This disrupted and restricted the companies’ ability to distribute products and resulted in the temporary closures of their facilities. However, hospitals gradually resumed elective procedures as the COVID-19 recovery rate increased. Hence, the demand for medical equipment, including left ventricular assist device, is expected to increase in the coming years.
Emerging countries such as India, China, Argentina, Brazil, the UAE, and South Africa are expected to offer significant growth opportunities for LVAD market players mainly due to their rising patient population, increasing R&D activities, growing CVD awareness, rising disposable incomes, improving healthcare infrastructure, and comparatively lenient policies compared to developed countries. Also, emerging markets have seen a sustained increase in heart failure cases over the past decade, driven by the growing target population of patients, rising cardiovascular disease,, and increasing medical tourism. According to the World Economic Forum, Brazil, Russia, India, China, and South Africa were among the fastest-growing economies globally as of 2017 and are expected to account for a third of total global health spending by 2022. Further, increasing competition in well-established markets will force LVAD manufacturers to focus on emerging markets in the coming years, which is expected to create lucrative opportunities for the market players in the coming years.
ABIOMED Inc, Abbott Laboratories, Medtronic Plc, LivaNova Plc, Jarvik Heart Inc, Terumo Corp, Berlin Heart GmbH, BiVACOR Inc, Evaheart Inc, and BioVentrix Inc are among the left ventricular assist device market players.
Left Ventricular Assist Device Market, by Region, 2021 (%)
Source: The Insight Partners Analysis
The report segments the left ventricular assist device market as follows:
The left ventricular assist device market is segmented on the basis of type of flow, design, application, and geography. Based on type of flow, the market is segmented into non-pulsatile and pulsatile. Based on design, the market is bifurcated into transcutaneous ventricular assist devices and implantable ventricular assist devices. By application, the left ventricular assist device market is segmented into destination therapy, bridge-to-transplantation, bridge-to-candidacy, and bridge-to-recovery. Based on geography, the global left ventricular assist device market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, the UK, Spain, Italy, and the Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and the Rest of APAC), the Middle East & Africa (Saudi Arabia, the UAE, South Africa, and the Rest of the MEA), and South & Central America (Brazil, Argentina, and the Rest of South and Central America).
Related Reports
- $3,000.00 – $5,000.00
