Europe Ventricular Assist Device Market Size & Outlook
Europe ventricular assist device market, 2018-2028 (US$M)
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Europe ventricular assist device market highlights
- The Europe ventricular assist device market generated a revenue of USD 766.3 million in 2021.
- The market is expected to grow at a CAGR of 17.4% 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.
- Country-wise, UK is expected to register the highest CAGR from 2022 to 2028.
Europe data book summary
| Market revenue in 2021 | USD 766.3 million |
| Market revenue in 2028 | USD 2,351.9 million |
| Growth rate | 17.4% (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) |
| Key market players worldwide | Johnson & Johnson, Medtronic PLC, Abbott Laboratories, Cardio Diagnostics Holdings Inc |
Other key industry trends
- In terms of revenue, Europe region accounted for 31.9% of the global ventricular assist device market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 834.6 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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Europe 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 80.79% in 2021. Horizon Databook has segmented the Europe 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.
Europe, with its 27 countries, accounts for one of the highest geriatric populations. Its population is at high potential risk for various cardiovascular diseases.
Furthermore, increasing number of collaborations between government bodies and major players pertaining to expansion of armamentarium for mechanical circulatory support options for infants is expected to propel the market over forecast period.
Growing acceptance for permanent VADs as an alternative to cardiac transplantation has also led to an increase in their demand, which is expected to continue 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 continent-level data and insights on the Europe ventricular assist device market , including forecasts for subscribers. This continent databook contains high-level insights into Europe ventricular assist device market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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Europe ventricular assist device market size, by country, 2018-2028 (US$M)
Europe Ventricular Assist Device Market Outlook Share, 2021 & 2028 (US$M)
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