Brazil Ventricular Assist Device Market Size & Outlook
Brazil ventricular assist device market, 2018-2028 (US$M)
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Brazil ventricular assist device market highlights
- The Brazil ventricular assist device market generated a revenue of USD 23.3 million in 2021 and is expected to reach USD 74.9 million by 2028.
- The Brazil market is expected to grow at a CAGR of 18.2% 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 23.3 million |
| Market revenue in 2028 | USD 74.9 million |
| Growth rate | 18.2% (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, Brazil accounted for 1.0% 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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Brazil 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 86.27% in 2021. Horizon Databook has segmented the Brazil 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.
As per estimates of World Bank, Brazil spends nearly 9.5% of its GDP in healthcare sector and is one of the fastest growing industries in Latin America, owing to its leading healthcare expenditure.
Growing disposable incomes, increasing access for private healthcare companies to a large population pool, increasing government medical expenditure, and rapid expansion of healthcare R&D are key factors expected to drive the markets for technologically advanced medical devices.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil ventricular assist device market , including forecasts for subscribers. This country databook contains high-level insights into Brazil ventricular assist device market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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Brazil ventricular assist device market size, by product, 2018-2028 (US$M)
Brazil Ventricular Assist Device Market Outlook Share, 2021 & 2028 (US$M)
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