UAE Ventricular Assist Device Market Size & Outlook
UAE ventricular assist device market, 2018-2028 (US$M)
Related Markets
UAE ventricular assist device market highlights
- The UAE ventricular assist device market generated a revenue of USD 3.9 million in 2021 and is expected to reach USD 12.9 million by 2028.
- The UAE market is expected to grow at a CAGR of 18.4% from 2022 to 2028.
- In terms of segment, left ventricular assist devices was the largest revenue generating product in 2021.
- Bi-ventricular assist devices 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 3.9 million |
| Market revenue in 2028 | USD 12.9 million |
| Growth rate | 18.4% (CAGR from 2021 to 2028) |
| Largest segment | Left ventricular assist devices |
| Fastest growing segment | Bi-ventricular assist devices |
| 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 |
| Key market players worldwide | Johnson & Johnson, Medtronic PLC, Abbott Laboratories, Cardio Diagnostics Holdings Inc |
Other key industry trends
- In terms of revenue, UAE accounted for 0.2% 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 Middle East & Africa, South Africa ventricular assist device market is projected to lead the regional market in terms of revenue in 2028.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 12.9 million by 2028.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Ventricular Assist Device Market Scope
Ventricular Assist Device Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UAE 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 82.05% in 2021. Horizon Databook has segmented the UAE ventricular assist device market based on left ventricular assist devices, right ventricular assist devices, bi-ventricular assist devices covering the revenue growth of each sub-segment from 2018 to 2028.
Dearth of heart donors and an increase in the number of patients waiting for a heart transplant are driving the adoption of alternative treatments, such as VADs. In addition, rising prevalence of CVDs in the country is further increasing the growth of ventricular assist devices market. High incidences of noncommunicable diseases is a major concern in UAE.
It was reported that about 40% of total deaths were caused by ischemic heart disease, CVD, and other heart diseases. Therefore, these factors are expected to impel market growth.
Moreover, introduction of new advanced technologies coupled with variations in the standard design of cardiac assist devices is further anticipated to drive the market in the coming years.
Reasons to subscribe to UAE ventricular assist device market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of UAE ventricular assist device market databook
-
Our clientele includes a mix of ventricular assist device market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UAE ventricular assist device market , including forecasts for subscribers. This country databook contains high-level insights into UAE ventricular assist device market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
UAE ventricular assist device market size, by product, 2018-2028 (US$M)
UAE Ventricular Assist Device Market Outlook Share, 2021 & 2028 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
