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Ventricular Assist Devices Market Scope and overview, Set for Rapid Growth and Trend by 2022-2031 | Progressing at a CAGR of 11.8% During The Forecast Period

Ventricular assist device is a mechanical pump used to support the function of left, right, or both ventricles. These devices are used to support cardiac circulation in people who have reached the end-stage heart failure.

The global ventricular assist devices market garnered $809 million in 2020, and is anticipated to reach $1,773 million, growing at a CAGR of 11.8%.

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The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.

This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.

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Growth in incidences of heart failure across the globe, new technological advancements in ventricular assist devices, awareness among patients about monitoring of the heart, and shortage of heart donors drive the market. Moreover, emerging countries such as developing and under-developed nations provide lucrative opportunities for the market to witness growth. However, the market is restrained by high cost of the procedure and certain risks associated with the VAD implantation procedure.

The global ventricular assist devices market is segmented into product, application, design, and region. Based on product, it is divided into left ventricular assist devices (LVADs), right ventricular assist devices (RVADs), and biventricular assist devices (BIVADs). By application, the market is classified into bridge-to-transplant (BTT) therapy, destination therapy, bridge-to-recovery (BTR) therapy, and bridge-to-candidacy (BTC) therapy. Based on design, the market is bifurcated into transcutaneous and implantable ventricular assist devices. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

>This report provides an extensive analysis of the current and emerging trends and dynamics in the global ventricular assist devices market.
>This study provides the competitive landscape of the global market to predict the competitive environment across geographies.
>This report entails the detailed quantitative analysis of the current trends and future estimations to identify the prevailing opportunities.
>Comprehensive analysis of factors that drive and restrict the market growth is provided in the report.
>Region- and country-wise analysis is provided to understand the market trends and dynamics.


By Product
>Left Ventricular Assist Devices (LVADs)
>Right Ventricular Assist Devices (RVADs)
>Biventricular Assist Devices (BIVADs)

By Application
>Bridge-to-transplant (BTT) Therapy
>Destination Therapy
>Bridge-to-recovery (BTR) Therapy
>Bridge-to-candidacy (BTC) Therapy

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By Design
>Transcutaneous Ventricular Assist Devices
>Implantable Ventricular Assist Devices

By Region
>North America ?U.S.

>Europe ?Germany
?Rest of Europe

>Asia-Pacific ?Japan
?Rest of Asia-Pacific

>LAMEA ?Brazil
?Saudi Arabia
?South Africa
?Rest of LAMEA

The key players profiled in this report are as follows:
>Abiomed, Inc.
>Asahi Kasei Corporation (Evaheart Medical U.S.A., Inc.)
>Abbott Laboratories (St. Jude Medical, Inc.)
>Berlin Heart GmbH
>Calon Cardio-Technology Ltd.
>CardiacAssist Technologies
>Jarvik Heart, Inc.
>Medtronic plc
>ReliantHeart, Inc.
>Terumo Medical Corporation

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What are the aspects of this report that relate to regional analysis?

The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.

Reports on the market include the growth rates of each region, which includes their countries, over the coming years.

How are the key players in the market assessed?

This report provides a comprehensive analysis of leading competitors in the market.

The report includes information about the key vendors in the market.

The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.

The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.

A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.

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What are the goals of the report?

This market report shows the projected market size for the pain management devices market at the end of the forecast period. The report also examines the historical and current market sizes.

On the basis of various indicators, the charts present the year-over-year growth (%) and compound annual growth rate (CAGR) for the given forecast period.

The report includes an overview of the market, its geographical scope, its segmentation, and the financial performance of key players.

The report examines the current state of the industry and the potential growth opportunities in North America, Asia Pacific, Europe, Latin America, and the Middle East, and Africa.

The research report includes various factors contributing to the market’s growth.

The report analyzes the growth rate, market size, and market valuation for the forecast period.

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What factors are taken into consideration when assessing the key market players?

The report analyzes companies across the globe in detail.

The report provides an overview of major vendors in the market, including key players.

Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.

This report includes a comparison of market competitors and a discussion of the standpoints of the major players.

Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.

What are the key findings of the report?

This report provides comprehensive information on factors expected to influence the market growth and market share in the future.

The report offers the current state of the market and future prospects for various geographical regions.

This report provides both qualitative and quantitative information about the competitive landscape of the market.

Combined with Porter’s Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.

It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.

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Updated : 2022-01-20 22:33 GMT+08:00