DUBLIN--(BUSINESS WIRE)--The "Global Ventricular Assist Devices Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 to 2025" report has been added to ResearchAndMarkets.com's offering.
The global ventricular assist devices market was valued at US$ 1,036.08 million in 2016, and is expected to reach US$ 2,323.41 million by 2025 expanding at a CAGR of 8.85% from 2017 to 2025.
Ventricular assist devices market is segmented into right ventricular assist device, left ventricular assist device and bi-ventricular assist device market. In 2016, the left ventricular assist devices segment is leading market due to factors such as rising number of patients suffering with cardiac complications like cardiomyopathy, stroke and class III & class IV heart failure waiting for a heart transplant. Right ventricular assist devices are anticipated to register faster growth throughout the forecast period 2017-2025 majorly due to rise in number of geriatric patients suffering with cardio-pulmonary complications like congestive heart failure and pulmonary hypertension.
Among the considered application areas, bridge to therapy (BTT) held the largest market for the base year 2016, majorly due to factors such as rising prevalence of congestive heart failure and increasing number of advanced heart failure patients awaiting heart transplantation. Additionally, bridge to destination (BTD) segment will be the fastest growing market throughout the forecast period 2017-2025, majorly due to factors such as non-eligibility of senescent patients for heart transplant, patients deemed too old and compromised immunity to undergo heart transplantation can survive with LVAD throughout their lifespan.
Key Market Movements:
- Rising prevalence of cardiovascular complications
- Constrained number of heart donors for heart transplant procedures
- Supportive regulatory approval for ventricular assist device products
- Higher disposable incomes in developing countries and rampant growth of primary healthcare centers performing cardiovascular surgical procedures
Key Topics Covered:
Chapter 1. Preface
Chapter 2. Executive Summary
Chapter 3. Ventricular Assist Devices Market: Market Dynamics and Future Outlook
Chapter 4. Global Ventricular Assist Devices Market, by Type, 2015 - 2025 (US$ Mn)
Chapter 5. Global Ventricular Assist Devices Market, by Application, 2015 - 2025 (US$ Mn)
Chapter 6. Global Ventricular Assist Devices Market, by Geography, 2015 - 2025 (US$ Mn)
Chapter 7. Company Profiles
- Berlin Heart GmbH
- Cardiac Assist, Inc.
- HeartWare International, Inc.
- Jarvik Heart, Inc.
- Reliant Heart, Inc.
- St. Jude Medical, LLC.
- Sun Medical Technology Research Corp.
- Syncardia System, Inc.
- Thoratec Corporation
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