Global Ventricular Assist Device Market Size & Outlook
Global ventricular assist device market, 2018-2028 (US$M)
Related Markets
Global ventricular assist device market highlights
- The global ventricular assist device market generated a revenue of USD 2,404.4 million in 2021 and is expected to reach USD 7,491.8 million by 2028.
- The market is expected to grow at a CAGR (2022 - 2028) of 17.6% by 2028.
- In terms of segment, left ventricular assist devices accounted for a revenue of USD 1,934.9 million in 2021.
- Total Artificial Heart (TAH) is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2021.
- Country-wise, Japan is expected to register the highest CAGR from 2022 to 2028.
Global data book summary
| Market revenue in 2021 | USD 2,404.4 million |
| Market revenue in 2028 | USD 7,491.8 million |
| Growth rate | 17.6% (CAGR from 2021 to 2028) |
| Largest segment | Left ventricular assist devices |
| Fastest growing segment | Total Artificial Heart (TAH) |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Left ventricular assist devices, Right ventricular assist devices, Bi-ventricular assist devices, Total Artificial Heart (TAH) |
Other key industry trends
- In terms of revenue, the North America accounted for 53.0% of the global ventricular assist device market in 2021.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2028.
- By country, Japan is the fastest growing regional market and is projected to reach USD 87.4 million by 2028.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Ventricular Assist Device Market Scope
Ventricular Assist Device Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Cardio Diagnostics Holdings Inc | View profile | 9 | 311 West Superior Street, Suite 444, Chicago, IL, United States, 60654 | https://www.cardiodiagnosticsinc.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
| Abbott Laboratories | View profile | 114000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | https://www.abbottinvestor.com |
| Johnson & Johnson | View profile | 134400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | https://www.jnj.com |
Global ventricular assist device market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ventricular assist device market will help companies and investors design strategic landscapes.
Left ventricular assist devices was the largest segment with a revenue share of 80.47% in 2021. Horizon Databook has segmented the Global ventricular assist device market based on left ventricular assist devices, right ventricular assist devices, bi-ventricular assist devices, total artificial heart (tah) covering the revenue growth of each sub-segment from 2018 to 2028.
- Global Ventricular Assist Device Product Outlook (Revenue, USD Million, 2018-2028)
- Left ventricular assist devices
- Bridge to transplantation
- Destination therapy
- Others
- Right ventricular assist devices
- Bridge to transplantation
- Destination therapy
- Others
- Bi-ventricular assist devices
- Bridge to transplantation
- Destination therapy
- Others
- Total Artificial Heart (TAH)
- Bridge to transplantation
- Destination therapy
- Others
- Left ventricular assist devices
- Global Ventricular Assist Device Type of Flow Outlook (Revenue, USD Million, 2018-2028)
- Pulsative
- Non-pulsative or continous flow
- Global Ventricular Assist Device Design Outlook (Revenue, USD Million, 2018-2028)
- Implantable ventricular assist devices
- Transcutaneous ventricular assist devices
- Global Ventricular Assist Device Application Outlook (Revenue, USD Million, 2018-2028)
- Bridge to transplantation
- Destination therapy
- Others
Reasons to subscribe to Global ventricular assist device market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global ventricular assist device market databook
-
Our clientele includes a mix of ventricular assist device market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global ventricular assist device market , including forecasts for subscribers. This global databook contains high-level insights into Global ventricular assist device market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
Global ventricular assist device market size, by regions, 2018-2028 (US$M)
Top 10 countries: Ventricular assist device market size, 2021 (US$M)
Global ventricular assist device market share, by product, 2021 & 2028 (%, US$M)
Ventricular assist device market: Opportunity assessment by country
Global ventricular assist device market, by region, 2021 (US$M)
Related industry reports
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
