Ventricular assist devices market size was valued at $1,338.53 million in 2021, and is projected to reach $2,880.66 million by 2031, growing at a CAGR of 7.9% from 2022 to 2031. Ventricular assist devices market analysis provided from 2021 to 2031 to identify the prevailing market opportunities. Major factors that drive the growth of ventricular assist devices include the increase in prevalence of heart failure, technological advancements in the field of medical devices, and surge in patient awareness about ventricular assist devices.
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :
Bivacor Inc., CH Biomedical, Inc., Fineheart, Calon Cardio-Technology Ltd, Windmill Cardiovascular Systems, NuPulseCV, Inc., Jarvik Heart, Inc., Corewave SA, Abiomed, Inc., LivaNova PLC, AdjuCor GmbH, Evaheart, Inc., SynCardia Systems, LLC, Carmat SA, Abbott Laboratories, Berlin Heart GmbH
๐ ๐จ๐ซ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ https://www.alliedmarketresearch.com/purchase-enquiry/2024
On the basis of application, the ventricular assist devices industry is categorized bridge-to-transplant (BTT), destination therapy, bridge-to-recovery (BTR), and bridge to candidacy therapy. The bridge-to-transplant (BTT) segment exhibited the highest growth in 2021, owing to the rise in awareness among people regarding bridge-to-transplant therapy, which has significantly increased the success rate of transplant surgeries. On the other hand, destination therapy segment is anticipated to grow at a high rate during the forecast period as VADs have become a prominent solution for people with heart failure and for those who are ineligible for heart transplantation.
On the basis of design, the market is segmented into transcutaneous ventricular assist devices and implantable ventricular assist devices. The implantable ventricular assist devices segment held the largest share of revenue in 2021 and is anticipated to grow at a fastest CAGR rate during the forecast period. This growth is attributed to the technological advancements in the field of VADs and rise in research activities to develop efficient and high quality implantable ventricular assist devices.
On the basis of age, the market is bifurcated into adults and pediatric. The adults segment was the largest segment in terms of revenue in 2021, owing to the rise in heart failure in adults due to lifestyle changes such as smoking. On the other hand, pediatrics segment is anticipated to grow at a fastest rate during the forecast period, owing to technological advancements in the field of VADs and development of pediatric VADs that are highly efficient in treating heart failure in pediatric patients.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ https://www.alliedmarketresearch.com/request-sample/2024
Region wise, North America obtained the highest market share in 2021, whereas Asia-Pacific is expected to witness highest growth during the forecast period. In North America, rise in prevalence of heart failure, high adoption of technologically advanced ventricular assist devices, developed healthcare infrastructure, and increase in patient awareness about the availability of treatment options for heart failure are boosting the ventricular assist devices market share. In Asia-Pacific,ย growth is supplemented by surge in demand for sophisticated ventricular assist devices, large number of healthcare reforms, high prevalence of cardiac disorders, and increase in focus of key players to develop technologically advanced & cost-effective devices.
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