Global Ventricular Assist Device Market Size & Outlook
Global ventricular assist device market, 2018-2028 (US$M)
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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.
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Ventricular Assist Device Market Scope
Ventricular Assist Device Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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
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Target buyers of Global ventricular assist device market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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.
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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)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 842.1 | 1,088.8 | 988.2 | 1,273.9 | 1,670.3 | 1,984.1 | 2,270.5 | 2,667.3 | 3,080.6 | 3,558.7 | 3,910.6 | 17.4% |
| Europe | 506.4 | 654.9 | 594.5 | 766.3 | 1,004.6 | 1,193.2 | 1,365.2 | 1,604.0 | 1,852.4 | 2,140.0 | 2,351.9 | 17.4% |
| Asia Pacific | 154.5 | 202.6 | 185.6 | 242.2 | 321.6 | 386.4 | 450.0 | 537.1 | 633.5 | 743.2 | 834.6 | 19.3% |
| Latin America | 60.9 | 80.0 | 73.1 | 95.1 | 126.0 | 150.9 | 174.1 | 205.9 | 239.7 | 279.1 | 308.8 | 18.3% |
| MEA | 14.9 | 20.3 | 19.6 | 26.9 | 37.5 | 47.2 | 54.0 | 63.4 | 70.7 | 82.6 | 85.9 | 18.0% |
| Overall | 1,578.8 | 2,046.6 | 1,861.0 | 2,404.4 | 3,160.0 | 3,761.8 | 4,313.8 | 5,077.7 | 5,876.9 | 6,803.6 | 7,491.8 | 17.6% |
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