Japan Ventricular Assist Device Market Size & Outlook
Japan ventricular assist device market, 2018-2028 (US$M)
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Japan ventricular assist device market highlights
- The Japan ventricular assist device market generated a revenue of USD 48.9 million in 2021 and is expected to reach USD 87.4 million by 2028.
- The Japan market is expected to grow at a CAGR of 8.6% 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 48.9 million |
| Market revenue in 2028 | USD 87.4 million |
| Growth rate | 8.6% (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, Japan accounted for 2.0% 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 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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Japan 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 83.84% in 2021. Horizon Databook has segmented the Japan 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.
Japan is a highly developed country in Asia Pacific, mainly due to technological advancements in electronics, information technology, and others. In terms of healthcare indicators, Japan has greater than 25.0% aging population, i.e., people aged 65 or above, increasing healthcare GDP and technologically advanced medical devices are few of the other factors responsible for growth of VADs in Japan over the forecast period.
As per World Bank healthcare expenditure as total (% of GDP) estimates, nearly 10.9% of GDP was spent on healthcare. However, prevalence of Chronic Heart Failure (CHF) is low as compared to the other developed nations.
Moreover, growing prevalence of heart failure in Japan owing to growing geriatric population, increasing life expectancy, westernized dietary habits, obesity, and sedentary lifestyle is expected to boost ventricular assist device market across Japan.
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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 Japan ventricular assist device market , including forecasts for subscribers. This country databook contains high-level insights into Japan ventricular assist device market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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Japan ventricular assist device market size, by product, 2018-2028 (US$M)
Japan Ventricular Assist Device Market Outlook Share, 2021 & 2028 (US$M)
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