UK Ventricular Assist Device Market Size & Outlook
UK ventricular assist device market, 2018-2028 (US$M)
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UK ventricular assist device market highlights
- The UK ventricular assist device market generated a revenue of USD 65.1 million in 2021 and is expected to reach USD 208.9 million by 2028.
- The UK market is expected to grow at a CAGR of 18.1% 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 65.1 million |
| Market revenue in 2028 | USD 208.9 million |
| Growth rate | 18.1% (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, UK accounted for 2.7% 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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UK 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 80.03% in 2021. Horizon Databook has segmented the UK 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.
Increasing number of heart transplants in patients with VADs implanted as bridge to transplant is expected to boost the market over forecast period. Furthermore, increasing adult & pediatric populations that are highly prone to congenital heart diseases and increasing demand for VAD implants for transplant incompatible candidates is anticipated to increase demand for VADs.
The overall UK ventricular devices market is primarily driven by expanding use of VADs, which is as a result of the increasing awareness among physicians on their advantages. Furthermore, improved training infrastructure and increasing indications for use of these devices are also expected to boost market growth.
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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 UK ventricular assist device market , including forecasts for subscribers. This country databook contains high-level insights into UK ventricular assist device market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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UK ventricular assist device market size, by product, 2018-2028 (US$M)
UK Ventricular Assist Device Market Outlook Share, 2021 & 2028 (US$M)
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