Ventricular Assist Devices Market 2017 – 2025 | Size, Trends, Analysis and Forecast | Credence Research

May 2, 2019

Global Ventricular Assist Devices Market Is Expected To Reach US$ 2,323.41 Mn By 2025

SAN JOSE, United States - May 2, 2019 /MarketersMedia/ —

The latest market report published by Credence Research, Inc. “Ventricular Assist Devices Market - Market Growth, Future Prospects, Competitive Analysis, 2017 - 2025,” the global ventricular assist devices market was valued at US$ 1,036.08 Mn in 2016, and is expected to reach US$ 2,323.41 Mn by 2025 expanding at a CAGR of 8.85% from 2017 to 2025.

Market Insights

According to the World Health Organization, approximately 17.7 million people died from cardiovascular complications in 2015, which represents 31% of all global deaths. Among these deaths, 7.4 million occurred due to coronary heart disease and 6.7 million due to stroke. Most of the cardiovascular diseases can be prevented by addressing behavioral risk factors such as tobacco use, unhealthy diet, obesity, physical inactivity and alcohol abuse, using population wide strategies.

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Ventricular assist devices market is segmented into right ventricular assist device, left ventricular assist device and bi-ventricular assist device market. In 2016, the left ventricular assist devices segment is leading market due to factors such as rising number of patients suffering with cardiac complications like cardiomyopathy, stroke and class III & class IV heart failure waiting for a heart transplant. Right ventricular assist devices are anticipated to register faster growth throughout the forecast period 2017-2025 majorly due to rise in number of geriatric patients suffering with cardio-pulmonary complications like congestive heart failure and pulmonary hypertension.

Among the considered application areas, bridge to therapy (BTT) held the largest market for the base year 2016, majorly due to factors such as rising prevalence of congestive heart failure and increasing number of advanced heart failure patients awaiting heart transplantation. Additionally, bridge to destination (BTD) segment will be the fastest growing market throughout the forecast period 2017-2025, majorly due to factors such as non-eligibility of senescent patients for heart transplant, patients deemed too old and compromised immunity to undergo heart transplantation can survive with LVAD throughout their lifespan.

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In 2016, North America held the largest revenue share chiefly due to factors such as rising prevalence of cardiovascular disease, existence of advanced healthcare and affordable reimbursement scenario. Asia Pacific will be the fastest growing market throughout the forecast period 2017-2025, majorly due to factors such as increasing patient pool suffering with cardiovascular complications, large population addicted to alcohol and smoking, unhealthy eating habits and stress; presence of major players involved in the manufacture of ventricular assist devices and increasing disposable income.

Based on type, the global ventricular assist devices market is categorized into:

Left Ventricular Assist Devices
Right Ventricular Assist Devices
Bi-Ventricular Assist Devices

Based on application areas, the global ventricular assist devices market is categorized into:

Bridge to Transplant (BTT)
Bridge to Destination (BTD)
Bridge to Recovery (BTR)

For the purpose of this study, the global ventricular assist devices market is categorized into the following regional and country specific markets:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

The ventricular assist device market is technologically driven and includes major players such as St. Jude Medical, LLC. HeartWare International, Inc., Reliant Heart, Thoratec Corporation, Abiomed, Berlin Heart, Inc., Cardiac Assist, Inc., Jarvik Heart, Inc., Sun Medical Technology Research Corp., Syncardia System, Inc. etc.

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Key Market Movements:

- Rising prevalence of cardiovascular complications

- Constrained number of heart donors for heart transplant procedures

- Supportive regulatory approval for ventricular assist device products

- Higher disposable incomes in developing countries and rampant growth of primary healthcare centers performing cardiovascular surgical procedures

Table of Content:

Chapter 1. Preface ........
Chapter 2. Executive Summary ........
Chapter 3. Ventricular Assist Devices Market: Market Dynamics and Future Outlook ........
Chapter 4. Global Ventricular Assist Devices Market, by Type, 2015 – 2025 (US$ Mn)
4.1. Overview
4.2. Attractive Investment Proposition: Global Ventricular Assist Devices Market, by Type
4.3. Right Ventricular Assist Devices
4.4. Left Ventricular Assist Devices
4.5. Bi-Ventricular Assist Devices

Chapter 5. Global Ventricular Assist Devices Market, by Application, 2015 – 2025 (US$ Mn)
5.1. Overview
5.2. Attractive Investment Proposition: Global Ventricular Assist Devices Market, by Application
5.3. Bridge to Transplant (BTT)
5.4. Bridge to Destination (BTD)
5.5. Bridge to Recovery (BTR)

Chapter 6. Global Ventricular Assist Devices Market, by Geography, 2015 – 2025 (US$ Mn)
6.1. Overview
6.2. North America Ventricular Assist Devices Market Analysis, 2015 – 2025
6.2.1. North America Ventricular Assist Devices Market, by Type, 2015 – 2025 (US$ Mn)
6.2.2. North America Ventricular Assist Devices Market, by Application, 2015 – 2025 (US$ Mn)
6.2.3. North America Ventricular Assist Devices Market, by Country, 2015 – 2025 (US$ Mn)
6.2.3.1. U.S.
6.2.3.2. Canada
6.3. Europe Ventricular Assist Devices Market Analysis, 2015 – 2025
6.3.1. Europe Ventricular Assist Devices Market, by Type, 2015 – 2025 (US$ Mn)
6.3.2. Europe Ventricular Assist Devices Market, by Application, 2015 – 2025 (US$ Mn)
6.3.3. Europe Ventricular Assist Devices Market, by Country, 2015 – 2025 (US$ Mn)
6.3.3.1. U.K.
6.3.3.2. Germany
6.3.3.3. France
6.3.3.4. Rest of Europe
6.4. Asia Pacific Ventricular Assist Devices Market Analysis, 2015 – 2025
6.4.1. Asia Pacific Ventricular Assist Devices Market, by Type, 2015 – 2025 (US$ Mn)
6.4.2. Asia Pacific Ventricular Assist Devices Market, by Application, 2015 – 2025 (US$ Mn)
6.4.3. Asia Pacific Ventricular Assist Devices Market, by Country, 2015 – 2025 (US$ Mn) ........

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Chapter 7. Company Profiles
7.1. Abiomed
7.1.1. Business Description
7.1.2. Financial Information (Subject to data availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. Berlin Heart GmbH
7.3. Cardiac Assist, Inc.
7.4. HeartWare International, Inc.
7.5. Jarvik Heart, Inc.
7.6. Reliant Heart, Inc.
7.7. St. Jude Medical, LLC.
7.8. Sun Medical Technology Research Corp.
7.9. Syncardia System, Inc.
7.10. Thoratec Corporation
..................... toc continued

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