Ventricular Assist Device Market Size, Share & Trends Report

Ventricular Assist Device Market Size, Share & Trends Analysis Report By Product, By Type Of Flow (Pulsatile Flow, Continuous Flow), By Application, By Design, By Region, And Segment Forecasts, 2021 - 2028

  • Report ID: 978-1-68038-603-5
  • Number of Pages: 131
  • Format: Electronic (PDF)
  • Historical Range: 2016 - 2019
  • Industry: Healthcare

Market Segmentation

  • Ventricular Assist Devices Product Outlook (Revenue, USD Million, 2016 - 2028)
    • Left Ventricular Assist Device
    • Right Ventricular Assist Device
    • Bi-Ventricular Assist Device
    • Total Artificial Heart
  • Ventricular Assist Devices Type of Flow Outlook (Revenue, USD Million, 2016 - 2028)
    • Pulsatile Flow
    • Continuous Flow
  • Ventricular Assist Devices Application Outlook (Revenue, USD Million, 2016 - 2028)
    • Bridge to Transplant
    • Destination Therapy
    • Others (Bridge to Recovery, Bridge to Candidacy, and Others)
  • Ventricular Assist Devices Design Outlook (Revenue, USD Million, 2016 - 2028)
    • Implantable Ventricular Assist Device
    • Transcutaneous Ventricular Assist Device
  •  Ventricular Assist Devices Regional Outlook (Revenue, USD Million, 2016 – 2028)
    • North America
      • North America Ventricular Assist Devices Market, By Product
        • Left Ventricular Assist Device
        • Right Ventricular Assist Device
        • Bi-Ventricular Assist Device
        • Total Artificial Heart
      • North America Ventricular Assist Devices Market, By Type of Flow
        • Pulsatile Flow
        • Continuous Flow
      • North America Ventricular Assist Devices Market, By Design
        • Implantable Ventricular Assist Device
        • Transcutaneous Ventricular Assist Device
      • North America Ventricular Assist Devices Market, By Application
        • Bridge to Transplant
        • Destination Therapy
        • Others (Bridge to Recovery, Bridge to Candidacy, and Others)
      •  U.S.
        • U.S. Ventricular Assist Devices Market, By Product
          • Left Ventricular Assist Device
          • Right Ventricular Assist Device
          • Bi-Ventricular Assist Device
          • Total Artificial Heart
        • U.S. Ventricular Assist Devices Market, By Type of Flow
          • Pulsatile Flow
          • Continuous Flow
        • U.S. Ventricular Assist Devices Market, By Design
          • Implantable Ventricular Assist Device
          • Transcutaneous Ventricular Assist Device
        • U.S. Ventricular Assist Devices Market, By Application
          • Bridge to Transplant
          • Destination Therapy
          • Others (Bridge to Recovery, Bridge to Candidacy, and Others)
      •  Canada
        • Canada Ventricular Assist Devices Market, By Product
          • Left Ventricular Assist Device
          • Right Ventricular Assist Device
          • Bi-Ventricular Assist Device
          • Total Artificial Heart
        • Canada Ventricular Assist Devices Market, By Type of Flow
          • Pulsatile Flow
          • Continuous Flow
        • Canada Ventricular Assist Devices Market, By Design
          • Implantable Ventricular Assist Device
          • Transcutaneous Ventricular Assist Device
        • Canada Ventricular Assist Devices Market, By Application
          • Bridge to Transplant
          • Destination Therapy
          • Others (Bridge to Recovery, Bridge to Candidacy, and Others)
    •  Europe
      • Europe Ventricular Assist Devices Market, By Product
        • Left Ventricular Assist Device
        • Right Ventricular Assist Device
        • Bi-Ventricular Assist Device
        • Total Artificial Heart
      • Europe Ventricular Assist Devices Market, By Type of Flow
        • Pulsatile Flow
        • Continuous Flow
      • Europe Ventricular Assist Devices Market, By Design
        • Implantable Ventricular Assist Device
        • Transcutaneous Ventricular Assist Device
      • Europe Ventricular Assist Devices Market, By Application
        • Bridge to Transplant
        • Destination Therapy
        • Others (Bridge to Recovery, Bridge to Candidacy, and Others)
      •  Germany
        • Germany Ventricular Assist Devices Market, By Product
          • Left Ventricular Assist Device
          • Right Ventricular Assist Device
          • Bi-Ventricular Assist Device
          • Total Artificial Heart
        • Germany Ventricular Assist Devices Market, By Type of Flow
          • Pulsatile Flow
          • Continuous Flow
        • Germany Ventricular Assist Devices Market, By Design
          • Implantable Ventricular Assist Device
          • Transcutaneous Ventricular Assist Device
        • Germany Ventricular Assist Devices Market, By Application
          • Bridge to Transplant
          • Destination Therapy
          • Others (Bridge to Recovery, Bridge to Candidacy, and Others)
      •  U.K.
        • U.K. Ventricular Assist Devices Market, By Product
          • Left Ventricular Assist Device
          • Right Ventricular Assist Device
          • Bi-Ventricular Assist Device
          • Total Artificial Heart
        • U.K. Ventricular Assist Devices Market, By Type of Flow
          • Pulsatile Flow
          • Continuous Flow
        • U.K. Ventricular Assist Devices Market, By Design
          • Implantable Ventricular Assist Device
          • Transcutaneous Ventricular Assist Device
        • U.K. Ventricular Assist Devices Market, By Application
          • Bridge to Transplant
          • Destination Therapy
          • Others (Bridge to Recovery, Bridge to Candidacy, and Others)
      •  Spain
        • Spain Ventricular Assist Devices Market, By Product
          • Left Ventricular Assist Device
          • Right Ventricular Assist Device
          • Bi-Ventricular Assist Device
          • Total Artificial Heart
        • Spain Ventricular Assist Devices Market, By Type of Flow
          • Pulsatile Flow
          • Continuous Flow
        • Spain Ventricular Assist Devices Market, By Design
          • Implantable Ventricular Assist Device
          • Transcutaneous Ventricular Assist Device
        • Spain Ventricular Assist Devices Market, By Application
          • Bridge to Transplant
          • Destination Therapy
          • Others (Bridge to Recovery, Bridge to Candidacy, and Others)
      •  Italy
        • Italy Ventricular Assist Devices Market, By Product
          • Left Ventricular Assist Device
          • Right Ventricular Assist Device
          • Bi-Ventricular Assist Device
          • Total Artificial Heart
        • Italy Ventricular Assist Devices Market, By Type of Flow
          • Pulsatile Flow
          • Continuous Flow
        • Italy Ventricular Assist Devices Market, By Design
          • Implantable Ventricular Assist Device
          • Transcutaneous Ventricular Assist Device
        • Italy Ventricular Assist Devices Market, By Application
          • Bridge to Transplant
          • Destination Therapy
          • Others (Bridge to Recovery, Bridge to Candidacy, and Others)
      •  France
        • France Ventricular Assist Devices Market, By Product
          • Left Ventricular Assist Device
          • Right Ventricular Assist Device
          • Bi-Ventricular Assist Device
          • Total Artificial Heart
        • France Ventricular Assist Devices Market, By Type of Flow
          • Pulsatile Flow
          • Continuous Flow
        • France Ventricular Assist Devices Market, By Design
          • Implantable Ventricular Assist Device
          • Transcutaneous Ventricular Assist Device
        • France Ventricular Assist Devices Market, By Application
          • Bridge to Transplant
          • Destination Therapy
          • Others (Bridge to Recovery, Bridge to Candidacy, and Others)
      •  Russia
        • Russia Ventricular Assist Devices Market, By Product
          • Left Ventricular Assist Device
          • Right Ventricular Assist Device
          • Bi-Ventricular Assist Device
          • Total Artificial Heart
        • Russia Ventricular Assist Devices Market, By Type of Flow
          • Pulsatile Flow
          • Continuous Flow
        • Russia Ventricular Assist Devices Market, By Design
          • Implantable Ventricular Assist Device
          • Transcutaneous Ventricular Assist Device
        • Russia Ventricular Assist Devices Market, By Application
          • Bridge to Transplant
          • Destination Therapy
          • Others (Bridge to Recovery, Bridge to Candidacy, and Others)
    • Asia Pacific
      • Asia PacificVentricular Assist Devices Market, By Product
        • Left Ventricular Assist Device
        • Right Ventricular Assist Device
        • Bi-Ventricular Assist Device
        • Total Artificial Heart
      • Asia Pacific Ventricular Assist Devices Market, By Type of Flow
        • Pulsatile Flow
        • Continuous Flow
      • Asia Pacific Ventricular Assist Devices Market, By Design
        • Implantable Ventricular Assist Device
        • Transcutaneous Ventricular Assist Device
      • Asia Pacific Ventricular Assist Devices Market, By Application
        • Bridge to Transplant
        • Destination Therapy
        • Others (Bridge to Recovery, Bridge to Candidacy, and Others)
      •  Japan
        • Japan Ventricular Assist Devices Market, By Product
          • Left Ventricular Assist Device
          • Right Ventricular Assist Device
          • Bi-Ventricular Assist Device
          • Total Artificial Heart
        • Japan Ventricular Assist Devices Market, By Type of Flow
          • Pulsatile Flow
          • Continuous Flow
        • Japan Ventricular Assist Devices Market, By Design
          • Implantable Ventricular Assist Device
          • Transcutaneous Ventricular Assist Device
        • Japan Ventricular Assist Devices Market, By Application
          • Bridge to Transplant
          • Destination Therapy
          • Others (Bridge to Recovery, Bridge to Candidacy, and Others)
      •  China
        • China Ventricular Assist Devices Market, By Product
          • Left Ventricular Assist Device
          • Right Ventricular Assist Device
          • Bi-Ventricular Assist Device
          • Total Artificial Heart
        • China Ventricular Assist Devices Market, By Type of Flow
          • Pulsatile Flow
          • Continuous Flow
        • China Ventricular Assist Devices Market, By Design
          • Implantable Ventricular Assist Device
          • Transcutaneous Ventricular Assist Device
        • China Ventricular Assist Devices Market, By Application
          • Bridge to Transplant
          • Destination Therapy
          • Others (Bridge to Recovery, Bridge to Candidacy, and Others)
      •  India
        • India Ventricular Assist Devices Market, By Product
          • Left Ventricular Assist Device
          • Right Ventricular Assist Device
          • Bi-Ventricular Assist Device
          • Total Artificial Heart
        • India Ventricular Assist Devices Market, By Type of Flow
          • Pulsatile Flow
          • Continuous Flow
        • India Ventricular Assist Devices Market, By Design
          • Implantable Ventricular Assist Device
          • Transcutaneous Ventricular Assist Device
        • India  Ventricular Assist Devices Market, By Application
          • Bridge to Transplant
          • Destination Therapy
          • Others (Bridge to Recovery, Bridge to Candidacy, and Others)
      •  Singapore
        • Singapore Ventricular Assist Devices Market, By Product
          • Left Ventricular Assist Device
          • Right Ventricular Assist Device
          • Bi-Ventricular Assist Device
          • Total Artificial Heart
        • Singapore Ventricular Assist Devices Market, By Type of Flow
          • Pulsatile Flow
          • Continuous Flow
        • Singapore Ventricular Assist Devices Market, By Design
          • Implantable Ventricular Assist Device
          • Transcutaneous Ventricular Assist Device
        • Singapore Ventricular Assist Devices Market, By Application
          • Bridge to Transplant
          • Destination Therapy
          • Others (Bridge to Recovery, Bridge to Candidacy, and Others)
      •  Australia
        • Australia Ventricular Assist Devices Market, By Product
          • Left Ventricular Assist Device
          • Right Ventricular Assist Device
          • Bi-Ventricular Assist Device
          • Total Artificial Heart
        • Australia Ventricular Assist Devices Market, By Type of Flow
          • Pulsatile Flow
          • Continuous Flow
        • Australia Ventricular Assist Devices Market, By Design
          • Implantable Ventricular Assist Device
          • Transcutaneous Ventricular Assist Device
        • Australia Ventricular Assist Devices Market, By Application
          • Bridge to Transplant
          • Destination Therapy
          • Others (Bridge to Recovery, Bridge to Candidacy, and Others)
      • South Korea
        • South Korea Ventricular Assist Devices Market, By Product
          • Left Ventricular Assist Device
          • Right Ventricular Assist Device
          • Bi-Ventricular Assist Device
          • Total Artificial Heart
        • South Korea Ventricular Assist Devices Market, By Type of Flow
          • Pulsatile Flow
          • Continuous Flow
        • South Korea Ventricular Assist Devices Market, By Design
          • Implantable Ventricular Assist Device
          • Transcutaneous Ventricular Assist Device
        • South Korea Ventricular Assist Devices Market, By Application
          • Bridge to Transplant
          • Destination Therapy
          • Others (Bridge to Recovery, Bridge to Candidacy, and Others)
    • Latin America
      • Latin America Ventricular Assist Devices Market, By Product
        • Left Ventricular Assist Device
        • Right Ventricular Assist Device
        • Bi-Ventricular Assist Device
        • Total Artificial Heart
      • Latin America Ventricular Assist Devices Market, By Type of Flow
        • Pulsatile Flow
        • Continuous Flow
      • Latin America Ventricular Assist Devices Market, By Design
        • Implantable Ventricular Assist Device
        • Transcutaneous Ventricular Assist Device
      • Latin America Ventricular Assist Devices Market, By Application
        • Bridge to Transplant
        • Destination Therapy
        • Others (Bridge to Recovery, Bridge to Candidacy, and Others)
      •  Brazil
        • Brazil Ventricular Assist Devices Market, By Product
          • Left Ventricular Assist Device
          • Right Ventricular Assist Device
          • Bi-Ventricular Assist Device
          • Total Artificial Heart
        • Brazil Ventricular Assist Devices Market, By Type of Flow
          • Pulsatile Flow
          • Continuous Flow
        • Brazil Ventricular Assist Devices Market, By Design
          • Implantable Ventricular Assist Device
          • Transcutaneous Ventricular Assist Device
        • Brazil Ventricular Assist Devices Market, By Application
          • Bridge to Transplant
          • Destination Therapy
          • Others (Bridge to Recovery, Bridge to Candidacy, and Others)
      •  Mexico
        • Mexico Ventricular Assist Devices Market, By Product
          • Left Ventricular Assist Device
          • Right Ventricular Assist Device
          • Bi-Ventricular Assist Device
          • Total Artificial Heart
        • Mexico Ventricular Assist Devices Market, By Type of Flow
          • Pulsatile Flow
          • Continuous Flow
        • Mexico Ventricular Assist Devices Market, By Design
          • Implantable Ventricular Assist Device
          • Transcutaneous Ventricular Assist Device
        • Mexico Ventricular Assist Devices Market, By Application
          • Bridge to Transplant
          • Destination Therapy
          • Others (Bridge to Recovery, Bridge to Candidacy, and Others)
      •  Argentina
        • Argentina Ventricular Assist Devices Market, By Product
          • Left Ventricular Assist Device
          • Right Ventricular Assist Device
          • Bi-Ventricular Assist Device
          • Total Artificial Heart
        • Argentina Ventricular Assist Devices Market, By Type of Flow
          • Pulsatile Flow
          • Continuous Flow
        • Argentina Ventricular Assist Devices Market, By Design
          • Implantable Ventricular Assist Device
          • Transcutaneous Ventricular Assist Device
        • Argentina Ventricular Assist Devices Market, By Application
          • Bridge to Transplant
          • Destination Therapy
          • Others (Bridge to Recovery, Bridge to Candidacy, and Others)
    •  MEA
      • MEA Ventricular Assist Devices Market, By Product
        • Left Ventricular Assist Device
        • Right Ventricular Assist Device
        • Bi-Ventricular Assist Device
        • Total Artificial Heart
      • MEA Ventricular Assist Devices Market, By Type of Flow
        • Pulsatile Flow
        • Continuous Flow
      • MEA Ventricular Assist Devices Market, By Design
        • Implantable Ventricular Assist Device
        • Transcutaneous Ventricular Assist Device
      • MEA Ventricular Assist Devices Market, By Application
        • Bridge to Transplant
        • Destination Therapy
        • Others (Bridge to Recovery, Bridge to Candidacy, and Others)
      • South Africa
        • South Africa Ventricular Assist Devices Market, By Product
          • Left Ventricular Assist Device
          • Right Ventricular Assist Device
          • Bi-Ventricular Assist Device
          • Total Artificial Heart
        • South Africa Ventricular Assist Devices Market, By Type of Flow
          • Pulsatile Flow
          • Continuous Flow
        • South Africa Ventricular Assist Devices Market, By Design
          • Implantable Ventricular Assist Device
          • Transcutaneous Ventricular Assist Device
        • South Africa Ventricular Assist Devices Market, By Application
          • Bridge to Transplant
          • Destination Therapy
          • Others (Bridge to Recovery, Bridge to Candidacy, and Others)
      • Saudi Arabia
        • Saudi Arabia Ventricular Assist Devices Market, By Product
          • Left Ventricular Assist Device
          • Right Ventricular Assist Device
          • Bi-Ventricular Assist Device
          • Total Artificial Heart
        • Saudi Arabia Ventricular Assist Devices Market, By Type of Flow
          • Pulsatile Flow
          • Continuous Flow
        • Saudi Arabia Ventricular Assist Devices Market, By Design
          • Implantable Ventricular Assist Device
          • Transcutaneous Ventricular Assist Device
        • Saudi Arabia Ventricular Assist Devices Market, By Application
          • Bridge to Transplant
          • Destination Therapy
          • Others (Bridge to Recovery, Bridge to Candidacy, and Others)
      •  UAE
        • UAE Ventricular Assist Devices Market, By Product
          • Left Ventricular Assist Device
          • Right Ventricular Assist Device
          • Bi-Ventricular Assist Device
          • Total Artificial Heart
        • UAEVentricular Assist Devices Market, By Type of Flow
          • Pulsatile Flow
          • Continuous Flow
        • UAE Ventricular Assist Devices Market, By Design
          • Implantable Ventricular Assist Device
          • Transcutaneous Ventricular Assist Device
        • UAE Ventricular Assist Devices Market, By Application
          • Bridge to Transplant
          • Destination Therapy
          • Others (Bridge to Recovery, Bridge to Candidacy, and Others)

Ventricular Assist Device Market Dynamics

Driver: Increasing Prevalence Of Cardiovascular Diseases

Congenital heart diseases, heart failure, hypertension, ventricular septal defect, and stroke are among the major cardiovascular diseases; the prevalence of these diseases has increased due to unhealthy lifestyle, including physical inactivity, smoking, and alcohol consumption. Increase in global geriatric population with their susceptibility to cardiovascular diseases is a high impact rendering factor for market growth. The demand for VADs is primarily driven by increasing prevalence of congenital heart disease, especially cyanotic congenital heart disease in adults. The use of VADs as a bridge to transplant is gaining immense popularity due to improvements in device technology and reduction of VAD-associated complications. Therefore, increase in the incidence of cardiovascular diseases, improvements in newborn screening for congestive heart failure, and development of new pediatric devices are expected to positively boost market growth during the forecast period.

Driver: Shortage Of Transplant Organs

Large number of patients awaiting organ transplantation is a key factor that can be attributed to the growth of ventricular assist device market. According to Organ Procurement and Transplantation Network, 3,582 candidates are registered on the waiting list for heart transplant as of June 2020. The shortage of donor organs and rapidly expanding pool of patients waiting for heart transplantation have led to an increase in the demand for ventricular assist device to address the shortfall of heart transplants for patients suffering from irreversible end-stage heart failure—a severe form of the degenerative illness that affected around 20 million people in Europe & the U.S. Furthermore, improved results and increased applicability & durability associated with LVADs have enhanced treatment option for end-stage heart failure.

Restraint: High Procedure Cost

Procedural costs in VADs include cost of device, implantation, standard care hospitalization, readmission, and implant replacement. According to AP News, in October 2018, hospitals pay around USD 80,000 for a HeartWare device and USD 95,000 for HeartMate, as per the research by Decision Resources Group. These costs combined with other procedural costs tend to be expensive for consumers. In the U.S., most VADs for bridge to transplant and destination therapy are covered under Medicare. Although the cost is covered under reimbursement in the U.S., but the overall procedural cost is higher in other geographies such as Asia Pacific and Middle East. Hence, high cost is a limiting factor likely to hamper market growth. Companies are constantly trying to develop cost-effective treatment with better survival rates and lesser readmission cost.

What Does This Report Include?

This section will provide insights into the contents included in this ventricular assist device market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Ventricular assist device market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Ventricular assist device market quantitative analysis

  • Market size, estimates, and forecast from 2016 to 2028

  • Market estimates and forecast for product segments up to 2028

  • Regional market size and forecast for product segments up to 2028

  • Market estimates and forecast for application segments up to 2028

  • Regional market size and forecast for application segments up to 2028

  • Company financial performance

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