Title: Ventricular Assist Device Market - Forecast(2023 - 2028)
1Ventricular Assist Device MarketMarket size,
Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2022-2027
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- Ventricular Assist Device Market size is 1.35 Bn
in 2019, growing at a CAGR of 11.8 during the
forecast period 2020-2025. Ventricular Assist
Device is a mechanical pump used to support heart
function and blood flow in individuals who have
weakened hearts or cardiac problems. A
ventricular assist device (VAD) takes blood from
a lower chamber of the heart and helps pump it
into the body and vital organs. - According to the World Health Organization, an
estimated 17.9 million people die owing to
cardiovascular diseases worldwide, each year with
35 of global deaths and 85 of these
cardiovascular disease deaths are owing to heart
attack and stroke. The increase in the prevalence
of Ventricular Assist Device is driving the
Ventricular Assist Device Market owing towards
the increase of manufacturers focusing on
expanding their pipeline to cater to the demand
for Ventricular Assist Device treatment.
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- Key Takeaways
- Increased rate of heart attack and stroke leading
to cardiovascular deaths is set to propel the
growth of the market. - Increasing developments in the therapy process
and increased functional capacity and performance
is driving factors for the growth of Ventricular
Assist Device market. - Europe region is estimated to record the fastest
growth rate during the forecast period 2020-2025.
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Ventricular Assist Device Market - Segment
Analysis In 2019, Left Ventricular Assist Devices
(LVADs) segment dominated the Ventricular Assist
Device Market in terms of revenue is estimated to
grow at a CAGR of 13.7. Left Ventricular Assist
Devices (LVADs) is implanted during an open-heart
surgery, where it receives blood from the left
ventricle and delivers it to the aorta. It works
along with the patients own heart. It is mostly
given as a treatment option for patients with
end-stage heart failure. Bridge-to-Transplant
(BTT) Therapy is the most used therapy type for
Left Ventricular Assist Devices (LVADs) to
restore the heart failure, eliminating the need
for a transplant abetting towards the markets
growth.
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- Ventricular Assist Device Market Industry
Outlook - Abiomed Inc.,
- BiVACOR Inc,
- Abbott Laboratories,
- Medtronic PLC,
- Terumo Corporation,
- Asahi Kasei Corporation,
- Berlin Heart GmbH,
- Calon Cardio-Technology Ltd.,
- CardiacAssist Technologies,
- Jarvik Heart.
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Ventricular Assist Device Market - Forecast(2022
- 2027) Learn More About the Report _at_
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ar-assist-device-market.html
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- Data Tables
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