U.S. Ventricular Assist Device Market Size & Outlook
U.S. ventricular assist device market, 2018-2028 (US$M)
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U.S. ventricular assist device market highlights
- The U.S. ventricular assist device market generated a revenue of USD 997.2 million in 2021 and is expected to reach USD 3,045.7 million by 2028.
- The U.S. market is expected to grow at a CAGR of 17.3% 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 997.2 million |
| Market revenue in 2028 | USD 3,045.7 million |
| Growth rate | 17.3% (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, 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, U.S. accounted for 41.5% 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 North America, U.S. ventricular assist device market is projected to lead the regional market in terms of revenue in 2028.
- Canada is the fastest growing regional market in North America and is projected to reach USD 865.0 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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U.S. 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 78.88% in 2021. Horizon Databook has segmented the U.S. 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.
The U.S. dominated the North American market in terms of revenue share, in 2018, at over 83.80%. Increase in prevalence of cardiac diseases in the adult & geriatric demographics and a large obese population are key factors adding to the country’s growing market share.
According to the World Bank health expenditure report estimates, the U.S. allocates over 17% of its GDP toward healthcare, which is one of the key factors attributed to the presence of advanced healthcare options in the region.
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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 U.S. ventricular assist device market , including forecasts for subscribers. This country databook contains high-level insights into U.S. ventricular assist device market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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U.S. ventricular assist device market size, by product, 2018-2028 (US$M)
U.S. Ventricular Assist Device Market Outlook Share, 2021 & 2028 (US$M)
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