Ventricular Assist Devices Market Revenue Forecast 2020-2025 By Regional Manufacturers
Category: #headlines  By Ronak Bora  Date: 2020-07-13
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Ventricular Assist Devices Market Revenue Forecast 2020-2025 By Regional Manufacturers

According to the latest research report, the global ventricular assist devices market is expected to record 6.3% CAGR during the forecast period 2019-2025.

Global ventricular assist devices market is projected to witness a lucrative growth spurt over the forthcoming time period. With rising awareness and technological developments, the global ventricular assist devices market is expected to chalk out remunerative growth trend through a diverse array of verticals. Factors such as increase in number of people suffering from heart failure and other cardiovascular diseases across the world would likely push the market share further.  Moreover, an apparent lack of heart donors across the world would also serve to be another major factor in boosting the market. Global ventricular assist devices market is estimated to surpass $3.5 billion by 2025.   

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As per a report by NCBI, the overall number of heart donations might decrease in future and the prevalence of heart failure is estimated to increase multifold. Such factors are likely to increase market opportunities across the globe.

With respect to product type, percutaneous ventricular assist devices (PVADs) segment represented more than $1 billion in terms of revenue during the year 2018. Increase in the number of right ventricle failure rates has further led to the increase in the adoption of these devices over the recent years. Various benefits of PVADs such as ease of implantation, safety and reliability for survival are further expected to accelerate industry growth over the coming years.

Meanwhile, the BTT (Bridge-to-transplant) therapy application segment is expected to depict an impressive 5.5% CAGR during the projected analysis period. According to the American Heart Association (AHA) journal, the therapy is associated with cost effectiveness of the treatment and an increase in the survival rate of the patients.

The accessibility for such therapies would thus lead to increase in the adoption of these devices in middle-income countries, thereby fueling the expansion of market during the projected study period.

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All in all, the above-mentioned determinants, are likely to offer a diverse array of growth opportunities for global ventricular assist devices market players. The competitive landscape of global ventricular assist devices market includes companies like CardiacAssist, Inc., Abbott, Evaheart, Jarvik Heart, Bivacor, Medtronic, Abiomed, Maquet, Terumo Corporation and Berlin Heart among others.

Partial Chapter of the Table of Content

Chapter 2.  Executive Summary

2.1. Ventricular assist devices industry 3600 synopsis, 2014 – 2025 (USD Million and Units)

2.1.1.  Business trends

2.1.2.  Product trends

2.1.3.  Application trends

2.1.4.  Age trends

2.1.5.  Flow trends

2.1.6.  Design trends

2.1.7.  Regional trends

Chapter 3.  Ventricular Assist Devices Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 – 2025 (USD Million and Units)

3.3. Industry impact forces

3.3.1.  Growth drivers

3.3.1.1.  Increase in number of heart failures and cardiovascular diseases in Europe

3.3.1.2.  Technological advancements in North America

3.3.1.3.  Growing geriatric population in Asia Pacific

3.3.1.4.  Rise in awareness regarding heart failure treatment in Latin America

3.3.1.5.  Decrease in number of heart donors across the globe

3.3.2. Industry pitfalls & challenges

3.3.2.1.  High cost of the device and procedures

3.3.2.2.  High health risk associated with product and procedures

3.3.2.3.  Stringent regulatory approvals

3.4. Growth potential analysis

3.4.1.  By product

3.4.2.  By application

3.4.3.  By age

3.4.4.  By flow

3.4.5.  By design

3.5. Regulatory landscape

3.5.1.  U.S.

3.5.2.  Europe

3.6. Technology landscape

3.7. Left ventricular assist devices properties

3.8. Global prevalence of cardiovascular diseases, 2018

3.9. Global heart transplantation scenario

3.10. Porter’s analysis

3.11. Competitive landscape, 2018

3.11.1. Business overview

3.11.2. Revenue analysis

3.11.3. Product landscape

3.11.4. Strategy dashboard

3.12. PESTEL analysis

Browse full table of contents (TOC) of this report @ https://www.decresearch.com/toc/detail/ventricular-assist-devices-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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