Global Ventricular Assist Device Market Size & Outlook
The ventricular assist device industry worldwide is expected to reach a projected revenue of US$ 7,491.8 million by 2028. A compound annual growth rate of 17.6% is expected of the worldwide ventricular assist device industry from 2022 to 2028.
Revenue, 2021 (US$M)
$2,404.4
Forecast, 2028 (US$M)
$7,491.8
CAGR, 2022 - 2028
17.6%
Report Coverage
Worldwide
Global ventricular assist device market, 2018-2028 (US$M)
Related Markets
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 segmentation & scope
Bridge to transplantation
Destination therapy
Others
Bridge to transplantation
Destination therapy
Others
Bridge to transplantation
Destination therapy
Others
Bridge to transplantation
Destination therapy
Others
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 statistics, by regions, 2018-2028 (US$M)
Top 10 countries: Ventricular assist device market size, 2021 (USD Million)
Top 10 countries: Ventricular assist device market size, 2021 (USD Million)
Global ventricular assist device market, by region, 2021 (US$M)
Related regional statistics
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