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ENERGY MARKET REPORT

Ventricular Assist Device Market Industry Analysis By Terumo Corporation, ReliantHeart Inc., Calon Cardio, LivaNova PLC, HeartWare, Thoratec Corporation, Getinge AB, SynCardia Systems & Others

Global ventricular assist device market is expected to rise to an estimated value of USD 2498.37 million by 2026, registering a CAGR of 11.45% in the forecast period of 2019-2026. Increasing incidences of heart failure and less number of heart donors is the major factor for the growth of this market.

The ventricular assist device market research report essentially includes summary of the key players of ventricular assist device market. The report evaluates the item value, particular, budgetary and specialized subtleties, and research techniques to enable organizations to extend their market tasks. In addition, this report characterizes sections and looks at the sub-parts of the worldwide markets by brands, type, application, and driving producers in highest districts utilizing top-down and base up methodologies. It has employed reliable methods and tools to assess the elements of the general market. The report distinguishes the key patterns related with the various parts of the market.

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Few of the major competitors currently working in the global ventricular assist device market are Abbott, ABIOMED., Berlin Heart, BiVACOR Inc., CardiacAssist, Inc, Evaheart, Inc., Jarvik Heart, Inc., Medtronic, Terumo Corporation, ReliantHeart Inc., Calon Cardio, LivaNova PLC, HeartWare, Thoratec Corporation, Getinge AB, SynCardia Systems, LLC., CHF Solutions, Inc., Cardiobridge GmbH among others.

Competitive Analysis:

Global ventricular assist device market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of ventricular assist device market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Reasons to Purchase this Report

Current and future of global ventricular assist device market outlook in the developed and emerging markets

The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period

Regions/Countries that are expected to witness the fastest growth rates during the forecast period

The latest developments, market shares, and strategies that are employed by the major market players

Market Drivers

Rising awareness about the heart failure treatment among population is driving the growth of this market

Technological advancement and development also boosts the market growth

Rising geriatric population can also act as a market driver

Increasing cardiovascular diseases is another factor driving the growth of this market

Market Restraints

High cost of the devices is restraining the market growth

High risk related to the procedures can also act as a restricting factor for the growth of this market

Strict rules and regulation is restraining the growth of this market

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Segmentation: Global Ventricular Assist Device Market

By Product

Left Ventricular Assist Devices

Right Ventricular Assist Devices

Biventricular Assist Devices

By Application

Bridge-to-transplant (BTT) Therapy

Destination Therapy

Bridge-to-recovery (BTR) Therapy

Bridge-to-candidacy (BTC) Therapy

By Design

Transcutaneous Ventricular Assist Devices

Implantable Ventricular Assist Devices

By Type

Pulsatile Flow

Continuous Flow

By Age

Below 18

19-36

40-59

60-79

Above 80

By End- Users

Hospitals

Home Care Setups

Others

By Geography

North America

South America

Europe

Asia-Pacific

Middle East & Africa

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Key Developments in the Market:

In June 2016, Medtronic announced that they have acquired Framingham, which will help the company to expand their heart failure business and will help them to better devices and solutions to their patients. This will also help the companies to combine their technologies and capabilities so that they can expand their growth in the mechanical circulatory support market

In October 2015, St. Jude Medical, Inc announced that they have acquired Thoratec Corporation, so that they can add Thoratec’s HeartMate II VAD, HeartMate 3, HeartMate PHP devices and other products to their heart failure portfolio. This will help them to strengthen their heart failure portfolio. This acquisition will create better opportunities for both the companies and will help them to provide better treatment to their patients

Customization of the Report:

All segmentation provided above in this report is represented at country level

All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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