Argentina Ventricular Assist Device Market Size & Outlook
Argentina ventricular assist device market, 2018-2028 (US$M)
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Argentina ventricular assist device market highlights
- The Argentina ventricular assist device market generated a revenue of USD 11.2 million in 2021 and is expected to reach USD 37.1 million by 2028.
- The Argentina market is expected to grow at a CAGR of 18.6% from 2022 to 2028.
- In terms of segment, left ventricular assist devices was the largest revenue generating product in 2021.
- Total Artificial Heart (TAH) is the most lucrative product segment registering the fastest growth during the forecast period.
Ventricular assist device market data book summary
| Market revenue in 2021 | USD 11.2 million |
| Market revenue in 2028 | USD 37.1 million |
| Growth rate | 18.6% (CAGR from 2021 to 2028) |
| Largest segment | Left ventricular assist devices |
| Fastest growing segment | Total Artificial Heart (TAH) |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 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) |
| Key market players worldwide | Johnson & Johnson, Medtronic PLC, Abbott Laboratories, Cardio Diagnostics Holdings Inc |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.5% of the global ventricular assist device market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Latin America, Mexico ventricular assist device market is projected to lead the regional market in terms of revenue in 2028.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 37.1 million by 2028.
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Ventricular Assist Device Market Scope
Ventricular Assist Device Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina 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 83.04% in 2021. Horizon Databook has segmented the Argentina 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.
Increase in prevalence of cardiovascular diseases such as heart failure, ventricular septal defect, hypertension, congenital heart diseases, and stroke due to owing to increase in adoption of unhealthy lifestyle habits such as smoking, physical inactivity, and alcohol consumption is driving the demand for ventricular assist devices.
According to the American Heart Association, about 634,000 people were diagnosed with heart diseases and 720,000 deaths were recorded in 2017. Moreover, rise in geriatric population, increase in prevalence of CVDs & stroke, and high demand for technologically advanced heart replacement devices is expected to bolster the market growth.
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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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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 country-level data and insights on the Argentina ventricular assist device market , including forecasts for subscribers. This country databook contains high-level insights into Argentina ventricular assist device market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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Argentina ventricular assist device market size, by product, 2018-2028 (US$M)
Argentina Ventricular Assist Device Market Outlook Share, 2021 & 2028 (US$M)
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