Global Ventricular Assist Devices Market Size Analysis, 2018-2028

REPORT ID: BKR736 Domain: Healthcare Published Date: June 2018

 

 

Global Ventricular Assist Devices Market Size is expected to cross USD 970 million in 2018 – registering an impressive CAGR of 9.9% between 2018 and 2028.

Increasing prevalence rate of cardiovascular diseases and cardiac arrest incidence along with shortage of heart donors has significantly created the white space opportunity for ventricular assist devices market. As a result, the market is witnessing double digit growth rate, creating high market opportunity for industry players.

Thoratec, a subsidiary of St. Jude Medical LLC, is the global leader in ventricular assist devices market

In 2017, Thoratec accounted for over 71% of global share. The company has broad product portfolio with good distribution networks in hospitals and medical device suppliers. Also, the company has built strong brand reputation that has certainly helped in ensuring long term stability to company’s revenue.

Increase in heart failure incidence to drive Ventricular Assist Devices Market

Ventricular assist devices (VAD) are mechanical pump that helps in assisting cardiac functions in patients with heart failure or weak heart. Though these devices are basically used for bridge-to-transplant and bridge-to-recovery therapy, they are also gaining prominence for long term treatment modalities.

VAD is not a permanent solution to heart replacement. Instead, they help in blood flow circulation till the condition gets normalized. Advancement in VAD technology will create new market opportunity for vendors and suppliers.

According to American Heart Association, heart failure will increase by 46% by 2030 than that in 2017. This is attributed to advancement in medical technology leading to increased population of heart attack survivors. Chances of heart failure is high among survivors. Sedentary lifestyle has also led to increase in chronic diseases including cardiovascular diseases.

Global Ventricular Assist Devices Market Size Analysis, Forecast by Product Type

Left VAD to account for majority of the global share. It is estimated to be valued over US$ 730 million in 2018. The segment will account for over 77% of global share by 2028.

Disease incidence of left heart failure is relatively higher compared to right side heart failure. As such, left VAD is in high demand from hospitals and other allied sectors. These LVAD are used for bride to recovery, bridge to transplantation and destination therapy.

Global Ventricular Assist Devices Market Size Analysis, By Therapeutic Application

By application, bridge-to-transplantation therapy accounted for 46% of global share in 2017. Destination therapy and bridge-to-candidacy will account for meagre share.

Global Ventricular Assist Devices Market Share Analysis, By Design

By design, the industry is segmented into implantable and transcutaneous ventricular assist devices. Transcutaneous will account for majority of the share and will continue to grow above 11% during the forecast period.

North America to Dominate the Ventricular Assist Devices Market Value

North America Ventricular Assist Devices market accounted for 57% of global share in 2017. High disease prevalence rate along with patient awareness and better healthcare infrastructure has created favorable business environment for VAD players. The other key driving factors in North America are ongoing research, recommendations from medical associations and high healthcare spending.

Western Europe stands next to U.S. EU-5 are expected to collectively account for over 69% of regional share. Good presence of distribution networks along with better healthcare amenities are driving the regional market.

Global Ventricular Assist Devices Market Size and Forecast: Competition Landscape

The industry is highly consolidated with leading players based in North America and Western Europe. Asia Pacific holds the high market potential because of high addressable population.

Some key ventricular assist devices market players are Abiomed Inc., Abbott Laboratories, Medtronic Plc, Terumo Heart, MicroMed Cardiovascular, Jarvik, HeartWare International, Berlin Heart GmbH, and ABIOMED.

 Ventricular Assist Devices Market Industry Segmentation

By Product:

  • Left Ventricular Assist Devices (LVADs)
  • Right Ventricular Assist Devices (RVADs)
  • Biventricular Assist Devices (BIVADs)

 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 End-use

  • Hospitals
  • Specialty Clinics
  • Cardiac Centers
  • Ambulatory Surgical Centers
  • Others

What Will You Discover in the Report?

  • An in-depth analysis of the Ventricular Assist Devices market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the Ventricular Assist Devices market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the Ventricular Assist Devices market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the Ventricular Assist Devices industry during the forecast period
  • Who are the Ventricular Assist Devices industry leaders and what are the key initiatives taken by them for long term growth

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Ventricular Assist Devices Market Size TOC

  1. Report Structure
  2. Research Methodology
    • Market Engineering Factors Weightage
    • Market Share Methodology
  3. Executive Summary
    • Key Findings
    • Market Engineering Factors
    • Industry Expert Perspectives
  4. Market Definitions
  5. The Global Ventricular Assist Devices Market Value
    • Overall Market Forecast
    • Ventricular Assist Devices Growth Outlook, By Segments
    • Ventricular Assist Devices Growth Scenario, by Region
  6. The Ventricular Assist Devices Industry Ecosystem
    • Parent Market Overview
    • Industry Value Chain and Distribution Analysis
    • Growth Factor Analysis
    • Key Industry Players By Region
    • Macro Factor Relational Value Analysis
  7. The Ventricular Assist Devices Industry Dynamics
    • Drivers
      • Supply Side Drivers
      • Demand Side Drivers
      • Macroeconomic Factors
    • Challenges
    • Opportunities
    • Mega Trends
    • Geographical Trends
    • Industry Experts Views
    • Merger Acquisition
    • Regulatory Compliances, By Selected Countries
    • Key Industry Developments
  8. The Ventricular Assist Devices Market Pricing Analysis
    • Ventricular Assist Devices Pricing Forecast
    • Pricing Analysis By Region
    • Pricing Trends
  9. Global Ventricular Assist Devices Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Industry Predictive Analysis
    • Ventricular Assist Devices Industry Segment Comparative Ranking Analysis
    • Key Companies Involved and Initiatives
    • Global Industry Opportunity Proposition Analysis
    • Market Share Analysis, (%)
    • Global Ventricular Assist Devices Market Size and Forecast, (2017-2028)
      • Market Value Forecast (US$ Million)
      • Growth Analysis (Y-o-Y) and Forecast
  1. Global Ventricular Assist Devices Industry Size and Forecast, By Segments

By Product:

  • Left Ventricular Assist Devices (LVADs)
  • Right Ventricular Assist Devices (RVADs)
  • Biventricular Assist Devices (BIVADs)

 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 End-use

  • Hospitals
  • Specialty Clinics
  • Cardiac Centers
  • Ambulatory Surgical Centers
  • Others
  1. North America Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis
    • North America Ventricular Assist Devices Market Analysis
      • Industry Size and Forecast, (2017-2028)
      • Industry Share (%)
      • Industry Growth Forecast (%)
      • North America Ventricular Assist Devices Market, By Segments (As mentioned in section 10 of TOC)
    • S. Ventricular Assist Devices Market Size and Forecast, By Segments
    • Canada Ventricular Assist Devices Market Size and Forecast, By Segments
  2. Latin America Ventricular Assist Devices Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Latin America (South America) Ventricular Assist Devices Market Analysis
      • Industry Size and Forecast, (2017-2028)
      • Industry Share (%)
      • Industry Growth Forecast (%)
      • Latin America Ventricular Assist Devices Market, By Segments (As mentioned in section 10 of TOC)
    • Brazil Ventricular Assist Devices Market Size and Forecast, By Segments
    • Argentina
    • Mexico
    • Rest of Latin America

(Ventricular Assist Devices industry analysis covered across Latin America countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Western Europe Ventricular Assist Devices Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Western Europe Ventricular Assist Devices Market Analysis
      • Industry Size and Forecast, (2017-2028)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Western Europe Ventricular Assist Devices Market, By Segments (As mentioned in section 10 of TOC)
    • Germany Ventricular Assist Devices Market Size and Forecast, By Segments
    • UK
    • France
    • Spain
    • Italy
    • NORDIC
    • Switzerland
    • Rest of Western Europe

(Ventricular Assist Devices industry analysis covered across Western Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Central and Eastern Europe (CEE) Ventricular Assist Devices Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Central and Eastern Europe Ventricular Assist Devices Market Analysis
      • Industry Size and Forecast, (2017-2028)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Central and Eastern Europe Ventricular Assist Devices Market, By Segments (As mentioned in section 10 of Ventricular Assist Devices Market TOC)
    • Russia Ventricular Assist Devices Market Size and Forecast, By Segments
    • Poland
    • Ukraine
    • Rest of CEE

(Ventricular Assist Devices industry analysis is covered across Central and Eastern Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Asia Pacific Ventricular Assist Devices Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Asia Pacific Countries
    • Asia Pacific Ventricular Assist Devices Market Analysis
      • Industry Size and Forecast, (2017-2028)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Asia Pacific Ventricular Assist Devices Market, By Segments (As mentioned in section 10 of TOC)
    • Japan Ventricular Assist Devices Market Size and Forecast, By Segments
    • China
    • India
    • South Korea
    • Australia
    • ASEAN
    • Rest of Asia Pacific

(Ventricular Assist Devices industry analysis is covered across Asia Pacific countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Middle East Ventricular Assist Devices Market Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Middle East Countries
    • Middle East Ventricular Assist Devices Market Analysis
      • Industry Size and Forecast, (2017-2028)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Middle East Ventricular Assist Devices Market, By Segments (As mentioned in section 10 of TOC)
    • GCC Ventricular Assist Devices Market Size and Forecast, By Segments
    • Israel
    • Rest of Middle East

(Ventricular Assist Devices industry analysis is covered across Middle East countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Africa Ventricular Assist Devices Market Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Africa Countries
    • Market Share Analysis, (%)
    • Africa Ventricular Assist Devices Industry Size and Forecast, (2017-2028)
    • Africa Ventricular Assist Devices Industry Share (%)
    • Africa Ventricular Assist Devices Industry Growth Forecast (%)
    • South Africa Ventricular Assist Devices Market Size and Forecast, By Segments
    • Algeria
    • Nigeria

(Ventricular Assist Devices industry analysis is covered across Africa countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Ventricular Assist Devices Market Competitive Landscape
    • Competition Dashboard
    • Funding and Investment
    • Company Market Positioning
    • Marketing Mix Strategies
    • Product Level Strategies
    • Go-to-Market Strategies
    • SWOT Analysis
    • Key Developments, By Companies
    • Company Profiles*
      • Abiomed Inc.
      • Abbott Laboratories
      • Medtronic Plc
      • Terumo Heart
      • MicroMed Cardiovascular
      • Jarvik
      • HeartWare International
      • Berlin Heart GmbH
  1. Analyst Opinion
  2. Summary and Conclusion
  3. For more Information, Bekryl can help

*(SWOT, Key Developments, and Strategies are based on individual companies)

To access the detailed Ventricular Assist Devices industry TOC and sample research pages, download sample.

Ventricular Assist Devices Market Report Structure

Ventricular Assist Devices Industry Dynamics

This section enables Ventricular Assist Devices industry stakeholders to understand the prevalent market conditions and help them prioritize their investment strategy. Factors that are favorable to Ventricular Assist Devices market growth is equated with challenges – resulting in proper growth strategy module. Drivers and challenges provide early assessment of current Ventricular Assist Devices industry trends and keep industry leaders abreast of latest happenings.

This section includes:

  • Market Drivers
  • Market Challenges
  • Ventricular Assist Devices Industry Trends
  • Ventricular Assist Devices Value Chain Analysis
  • Marketing Opportunities
  • Regulatory Aspects
  • Ventricular Assist Devices Industry Experts Market Opinion

Industry Analysis, By Segments

Industry stakeholders receive detailed analysis of the Ventricular Assist Devices industry trends. Anticipate key market trends across market analysis segments with Bekryl Market Analysts model.

Each segment has research framework, essential to understand the market scenario in near future.

Each segment includes:

  • Market Size and Forecast
  • Annual Growth Rate Analysis (AGR)
  • Key Trends, By segments
  • Key Industry Developments
  • Investment Proposition Analysis
  • Potential Addressable Market Analysis
  • Growth Factor, By Segment Analysis

This section helps in understanding the overall demand across end-users. As such, the industry stakeholders are able to minimize the operational cost and take better strategic decisions.

Competition Landscape

Keep abreast of key strategies of industry leaders and regional Ventricular Assist Devices industry players. Company profiles allow industry stakeholders to competitor’s strategic decision and understand how these affect their own business.

This section include:

  • Competition dashboard
  • SWOT Analysis by Companies
  • Go-to-market sales strategy
  • Financial performances subject to listed companies
  • Market Share Analysis
  • Analyst Recommendation

Regional Market Analysis

Regional analysis help industry leaders to better understand the dynamics of their current market and determine which regional market their company should target to strengthen their market presence globally. The Ventricular Assist Devices market report offers industry scenario in 24+ countries. Regional section focus on economic context, regulatory framework, supply demand balance trends and key regional companies engaged in the market.

This section include:

  • Market Size by Country and Region
  • Market Opportunity, By Country and Region
  • Regional Trends
  • Growth Analysis and Forecast

Country Profiles

Country profiles help industry leaders to better analyze the market at root level – thereby framing strategies that could add value to the overall organization. This section contains information pertaining to key developments and research framework mapping the potential attractive end-users. Factors are equated with macroeconomic conditions to help leaders minimize operational risks if any

North America Ventricular Assist Devices Market Size

  • S.
  • Canada

Latin America Ventricular Assist Devices Market Size

  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America

(*Ventricular Assist Devices Market value analyzed across each Latin America country)

Western Europe Ventricular Assist Devices Market Size

  • Germany
  • UK
  • France
  • Switzerland
  • Spain
  • Italy
  • NORDIC
  • Rest of Western Europe

(*Ventricular Assist Devices Market value analyzed across each Western Europe country)

Central and Eastern Europe Ventricular Assist Devices Industry Analysis

  • Russia
  • Poland Meat
  • Ukraine Meat
  • Rest of Eastern Europe

(*Ventricular Assist Devices Market value analyzed across each Central and Eastern Europe country)

Asia Pacific Ventricular Assist Devices Industry Size

  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN Meat
  • Rest of Asia Pacific

(*Ventricular Assist Devices Market value analyzed across each Asia Pacific country)

Middle East Ventricular Assist Devices Industry Size

  • GCC
  • Israel
  • Rest of Middle East

(*Ventricular Assist Devices Market value analyzed across each Middle East country)

Africa Ventricular Assist Devices Industry Size

  • South Africa
  • Algeria
  • Nigeria
  • Rest of Africa

Ventricular Assist Devices Market Research Methodology

Bekryl Market Analysts has earned reputation within the market research and consulting industry for its ability to not only collect and reprint data but also its ability to build upon its extensive models and databases to provide meaningful forecasting and strategic planning services to clients.

Our research analyst and industry experts thoroughly investigates the industry by extensively interviewing the industry leaders and analyzing information from various secondary sources. The information collected is analyzed with the help of analytical tools to offer real time forecast solutions.

Ventricular Assist Devices Market Growth Forecasting Methodology

In order to prepare historical data and analyze Ventricular Assist Devices market forecast, Bekryl prepare data for product supply and actual demand from end-use consumers. Through this, we get to know actual demand for Ventricular Assist Devices market globally. The data collection is done through secondary and primary market research and then a constructive model is developed.

  • Secondary market research involves data collection through various paid publications and government agencies. Various journals and pre-encrypt transcripts is decoded to get the real time data solutions
  • The data collected through secondary research is then validated with the industry experts to minimize the anomaly and reflect key stakeholders opinion in the report.

With the model constructed, the cluttered data collected through different sources is structured with the help of proprietary analytical tools – making us understand the variation happened in the current year compared to historical years. To forecast Ventricular Assist Devices market revenue, Bekryl Market Analysts takes in consideration the demand growth of the segments. Demand for the product is dependent on end-user spending which is a function of many factors: amongst them macroeconomic strength, price variation and other base factors.

The forecast methodology requires extensive data analysis across countries. Among all the factors, patients turnaround, spending patterns, healthcare amenities, and GVA and GDP output is considered as the first set of approximation. Bekryl Market Analysts has developed a demand driven model based on these factors across targeted countries.  Under this, co-relation is analyzed between product and the said parameters– resulting in a constant Product coefficient. Higher the coefficient- greater will be the growth rate. For instance, GDP-Product segment coefficient matrix of 3 denotes Ventricular Assist Devices industry growth is nearly 3.5X to 5.5X higher than the relative GDP.

Besides Market Coefficient, Bekryl establishes following relation variation for higher predictive analysis.

  • Base Factors Growth Analysis
  • Price Variation Analysis
  • Potential Consumer Mapping

Ventricular Assist Devices Industry Players: Competition Landscape Methodology

Bekryl maps key market players across regions. Financial ratios is taken in consideration along with regional presence and their value chain to understand the company market strength. Thereafter, investment proposition for each company is proposed which gives coefficient matrix value for the company. Industry experts is also reflected in company landscape.

 

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