Russia Ventricular Assist Device Market Size & Outlook
Russia ventricular assist device market, 2018-2028 (US$M)
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Russia ventricular assist device market highlights
- The Russia ventricular assist device market generated a revenue of USD 35.7 million in 2021 and is expected to reach USD 111.5 million by 2028.
- The Russia market is expected to grow at a CAGR of 17.7% 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 35.7 million |
| Market revenue in 2028 | USD 111.5 million |
| Growth rate | 17.7% (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, Russia accounted for 1.5% 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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Russia 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 81.79% in 2021. Horizon Databook has segmented the Russia 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.
Increase in prevalence of obesity and high risk of developing chronic disorders in adults aged 25 to 64 are factors driving the ventricular assist devices market in Russia. According to Institution of Health Metrics and Evolution, in 2017, about 19.2% of deaths were caused due to stroke, whereas 13.8% died due to ischemic heart diseases.
Furthermore, alcohol and tobacco consumption in 2017 was recorded about 30.8% & 17.5%, respectively. In addition, the Russian government expended about USD 574 million on healthcare, which is expected to increase up to USD 920 million by 2030.
Therefore, increasing government initiatives to minimize the prevalence of heart disorders is expected to drive the market in the coming years.
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Russia ventricular assist device market , including forecasts for subscribers. This country databook contains high-level insights into Russia ventricular assist device market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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Russia ventricular assist device market size, by product, 2018-2028 (US$M)
Russia Ventricular Assist Device Market Outlook Share, 2021 & 2028 (US$M)
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