This report focuses on the Ventricular Assist Devices Market by Manufacturers, Regions, Type and Application, exclusively in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on type, application, regions, and manufacturers.
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Industry Trend Analysis:
The global ventricular assist devices (VADs) market is projected to be around $2.5 billion by 2025 and it is expected to exhibit a positive growth over the forecast period. Increasing prevalence of cardiovascular diseases such as coronary artery disorders, heart failure and hypertension are the key factors driving the growth of VADs market. Also, rise in aging population and technological advancements in VADsare largely contributing to the positive market growth. As per a report of the Center for Diseases Control and Prevention, about 5.7 million American adults were affected by heart failure in 2016. VADs are being widely used as destination therapies for patients with advanced heart failure. Heart failure prevalence rises with age following an exponential pattern. Some potential risks associated with VADs are blood clots, excessive bleeding during and after procedure and device malfunctions. These factors can hamper the market growth to some extent.
Competitive Analysis:
The global VADs market is a consolidated market with few large players holding the majority share of the market. The strategy adopted by these players is, acquiring small vendors and growing their product portfolio and market coverage to gain competitive advantage. Some of the major players in VADs market are, Abiomed, Inc., Boston Scientific Corporation, Berlin Heart GmbH, Biotronik SE & Co. KG, LivaNova PLC, Medtronic plc, ReliantHeart Inc., HeartWare International, Inc., Jarvik Heart, Inc., and St. Jude Medical, Inc.
Regional Outlook and Trend Analysis:
In 2016, North America dominated the global VADs market with highest market share. This dominance can be attributed to the presence of huge patient population along with high adoption of technologically advanced products and high disposable income of the population. With the presence of sophisticated healthcare infrastructure the market will show significant growth over the forecast period.
Asia-Pacific will exhibit fastest growth during the forecast period due to rising number of cases related to diabetic disorders. Promotion of medical tourism activities by governments in various emerging economies to offer cost effective treatment to foreign patients is set to boost the market growth of VADs.
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Ventricular Assist Devices Market Segmentation:
By Product: Right Ventricular Assist Devices (RVADs), Left Ventricular Assist Devices (LVADs) & Biventricular Assist Devices (BIVADs)
By Application: Destination Therapy, BTT and BTD Therapies& BTR Therapy
By Design: Implantable VADs & Percutaneous VADs
By End User: Ambulatory Surgical Centers & Hospitals
By Region: North America: (U.S, Canada & Mexico), Europe: (Germany, France, UK, Italy, Spain & Rest of Europe), Asia-Pacific: (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific) and Rest of the World: (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates & Others)
Market Opportunities:
Technological advancements in manufacturing and product design will drive the VADs market over the forecast period. Increasing prevalence of cardiovascular diseases leading to stroke, heart failure and final stage cardiovascular disorders will keep the VADs in demand on a global level. Increased focus of large players on emerging markets will further bring in new opportunities for VADs market.
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Major Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
Chapter 2. Executive Summary
2.1. Key Highlights
Chapter 3. Market Overview
3.1. Introduction
3.2. Market Share Analysis
3.3. Market Dynamics
3.4. Industry Trends
Chapter 4. Ventricular Assist Devices Market, By Product
4.1. Introduction
4.2. Ventricular Assist Devices Market Assessment and Forecast, By Product, 2016-2025
4.3. Left Ventricular Assist Devices (LVADs)
4.5. Biventricular Assist Devices (BIVADs)
Chapter 5. Ventricular Assist Devices Market, By Application
5.1. Introduction
5.2. Ventricular Assist Devices Market Assessment and Forecast, By Application, 2016-2025
5.3. BTT and BTD Therapies
5.4. Destination Therapy
5.5. BTR Therapy
Chapter 6. Ventricular Assist Devices Market, By Design
6.1. Introduction
6.2. Ventricular Assist Devices Market Assessment and Forecast, By Design, 2016-2025
6.3. Percutaneous VADs
6.4. Destination Therapy
6.5. Implantable VADs
Chapter 7. Ventricular Assist Devices Market, By End User
7.1. Introduction
7.2. Ventricular Assist Devices Market Assessment and Forecast, By End User, 2016-2025
7.3. Hospitals
7.4. Ambulatory Surgical Centers (ASCs)
Chapter 8. Ventricular Assist Devices Market, By Region
8.1. Introduction
8.2. Ventricular Assist Devices Market Assessment and Forecast, By Region, 2016-2025 ($Million)
8.3. North America
8.4. Europe
8.5. Asia-Pacific
8.6. Rest of the World
Chapter 9. Company Profiles
9.1. Abiomed, Inc.
9.2. Boston Scientific Corporation
9.3. Berlin Heart GmbH
9.4. Biotronik SE & Co. KG
9.5. LivaNova PLC
9.6. Medtronic, Inc.
9.7. ReliantHeart Inc.
9.8. HeartWare International, Inc
9.9. Jarvik Heart, Inc.
9.10. St. Jude Medical, Inc
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