Spain Ventricular Assist Device Market Size & Outlook
Spain ventricular assist device market, 2018-2028 (US$M)
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Spain ventricular assist device market highlights
- The Spain ventricular assist device market generated a revenue of USD 69.1 million in 2021 and is expected to reach USD 214.7 million by 2028.
- The Spain market is expected to grow at a CAGR of 17.6% 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 69.1 million |
| Market revenue in 2028 | USD 214.7 million |
| Growth rate | 17.6% (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, Spain 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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Spain 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 80.9% in 2021. Horizon Databook has segmented the Spain 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.
According to Barcelona Institute for Global Health, most deaths in Spain as of 2018 were due to ischemic heart diseases (14.6%), stroke (7.1%), obesity, and other type of CVDs. In addition, increasing consumption of alcohol and smoking is leading to a number of heart diseases.
For instance, as per Tobacco Atlas, about 27.1% of male and 2.56% of female face one of the major heart disorders annually. Thus, high mortality due to risk of developing CVDs along with rise in geriatric population, high alcohol consumption, unhealthy/poor eating habits, and unbalanced lifestyle may lead to growth of ventricular assist 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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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 Spain ventricular assist device market , including forecasts for subscribers. This country databook contains high-level insights into Spain ventricular assist device market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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Spain ventricular assist device market size, by product, 2018-2028 (US$M)
Spain Ventricular Assist Device Market Outlook Share, 2021 & 2028 (US$M)
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