Italy Ventricular Assist Device Market Size & Outlook
Italy ventricular assist device market, 2018-2028 (US$M)
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Italy ventricular assist device market highlights
- The Italy ventricular assist device market generated a revenue of USD 70.4 million in 2021 and is expected to reach USD 218.0 million by 2028.
- The Italy market is expected to grow at a CAGR of 17.5% 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 70.4 million |
| Market revenue in 2028 | USD 218.0 million |
| Growth rate | 17.5% (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, Italy accounted for 2.9% 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 Europe, Germany ventricular assist device market is projected to lead the regional market in terms of revenue in 2028.
- UK is the fastest growing regional market in Europe and is projected to reach USD 208.9 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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Italy 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 81.25% in 2021. Horizon Databook has segmented the Italy 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.
The ventricular assist device market in Italy is expected to witness significant growth over the forecast period owing to increasing number of alcohol consumption and smoking. According to Institution of Health Metrics and Evolution, the prevalence of various heart diseases has increased over the recent years.
For instance, in 2017, about 4.1 % of the total population suffered a stroke, whereas 7.0% and 29.0% of people were diagnosed with diabetes and hypertensive heart diseases. In addition, increase in government initiatives and healthcare expenditure to reduce prevalence of these diseases is also driving the market.
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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 Italy ventricular assist device market , including forecasts for subscribers. This country databook contains high-level insights into Italy ventricular assist device market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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Italy ventricular assist device market size, by product, 2018-2028 (US$M)
Italy Ventricular Assist Device Market Outlook Share, 2021 & 2028 (US$M)
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