China Ventricular Assist Device Market Size & Outlook
China ventricular assist device market, 2018-2028 (US$M)
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China ventricular assist device market highlights
- The China ventricular assist device market generated a revenue of USD 28.4 million in 2021 and is expected to reach USD 99.4 million by 2028.
- The China market is expected to grow at a CAGR of 19.6% 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 28.4 million |
| Market revenue in 2028 | USD 99.4 million |
| Growth rate | 19.6% (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, China accounted for 1.2% 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 Asia Pacific, South Korea ventricular assist device market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 42.7 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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China 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 83.8% in 2021. Horizon Databook has segmented the China 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 of 2018, China spent nearly 5.3% of its GDP on the healthcare sector according to World Bank estimates and is now focusing on improving its healthcare policies, infrastructure, and regulatory framework.
Growing access for private investors, increasing healthcare facilities in this region, and growing demand for organ transplantations are key factors expected to boost healthcare industry in China.
However, increasing disposable income and expansions in government public healthcare reforms are factors expected to boost healthcare industry, thus indicating technological upgrades in medical device market over the forecast period.
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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 China ventricular assist device market , including forecasts for subscribers. This country databook contains high-level insights into China ventricular assist device market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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China ventricular assist device market size, by product, 2018-2028 (US$M)
China Ventricular Assist Device Market Outlook Share, 2021 & 2028 (US$M)
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