Canada Ventricular Assist Device Market Size & Outlook
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Canada ventricular assist device market highlights
- The Canada ventricular assist device market generated a revenue of USD 276.8 million in 2021 and is expected to reach USD 865.0 million by 2028.
- The Canada market is expected to grow at a CAGR of 17.7% from 2022 to 2028.
- In terms of segment, left ventricular assist devices was the largest revenue generating product in 2021.
- Bi-ventricular assist devices is the most lucrative product segment registering the fastest growth during the forecast period.
Ventricular assist device market data book summary
| Market revenue in 2021 | USD 276.8 million |
| Market revenue in 2028 | USD 865.0 million |
| Growth rate | 17.7% (CAGR from 2021 to 2028) |
| Largest segment | Left ventricular assist devices |
| Fastest growing segment | Bi-ventricular assist devices |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 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) |
| Key market players worldwide | Johnson & Johnson, Medtronic PLC, Abbott Laboratories, Cardio Diagnostics Holdings Inc |
Other key industry trends
- In terms of revenue, Canada accounted for 11.5% of the global ventricular assist device market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In North America, U.S. ventricular assist device market is projected to lead the regional market in terms of revenue in 2028.
- Canada is the fastest growing regional market in North America and is projected to reach USD 865.0 million by 2028.
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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 |
Canada 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 80.35% in 2021. Horizon Databook has segmented the Canada 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.
Canada is one of the most developed and advanced economies in the world. Canada puts more focus on medical and healthcare infrastructure than most other industries. As per the data published by Canada Institute of Health Information in 2019, as total (% of GDP) estimates, Canada contributes 11.5% of GDP toward healthcare.
As per government of Canada estimates, about 2.4 million Canadians have heart disease. It is the second leading cause of death in Canada, claiming more than 33,600 lives per year. In 2019, as per Canadian Institute of Health Information (CIHI) estimates, there were 167 heart transplants in Canada with 84 patients in the waiting list.
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Our clientele includes a mix of ventricular assist device market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada ventricular assist device market , including forecasts for subscribers. This country databook contains high-level insights into Canada ventricular assist device market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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Canada ventricular assist device market size, by product, 2018-2028 (US$M)
Canada Ventricular Assist Device Market Outlook Share, 2021 & 2028 (US$M)
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