2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Factors Are Propelling the Market Growth of theVentricular Assist Device Market from 2025 to 2034?

The surge in cardiovascular diseases is propelling the expansion of the ventricular assist device market. These heart conditions are induced by factors such as hypertension, smoking, elevated cholesterol levels, sedentary lifestyles, and others. The rise in cardiovascular diseases can also be attributed to non-infectious ailments like diabetes, chronic pulmonary disease, and hypertension-induced heart attacks. This notable surge in heart conditions is anticipated to enhance the need for ventricular assist devices, which serve as a crucial lifeline for critically ill heart patients. To illustrate, the National Library of Medicine, a federal agency in the US, stated in October 2022 that by 2035, cardiovascular diseases will affect 45.1% of the US populace. The collective cost of these heart-related ailments is expected to escalate to approximately $1.1 trillion by 2035. Hence, the upturn in cardiovascular diseases is anticipated to enhance the need for ventricular assist devices in the speculated time frame.

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#What is the Anticipated CAGR of theVentricular Assist Device Market, and What Factors Will Drive It?

In recent times, the ventricular assist device market has seen fast-paced growth. Expected to expand from a value of $2.12 billion in 2024, it is predicted to reach $2.39 billion in 2025, charting a compound annual growth rate (CAGR) of 12.6%. The upswing in the historic period can be traced back to an elevation in the incidence of heart failure, coupled with a surge in the need for organ transplantation processes.

In the coming years, the ventricular assist device market is projected to experience a significant upswing. It is forecasted to expand to $3.91 billion by 2029 with a compound annual growth rate (CAGR) of 13.1%. This expansion during the predicted period can be linked to an escalating demand for destination therapy, a growing elderly population, elevated healthcare expenses and increased comprehension about heart failure treatments. Major trends expected to shape this market include improving the lifespan of VADs, reduction in the size of VADs, advancements in pump technologies, greater emphasis on VAD safety and effectiveness, focusing on minimizing the side effects of VADs, along with ventricular assist devices that can be inserted through the skin.

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How Are Market Trends and Innovations Revolutionizing theVentricular Assist Device Industry in Recent Times?

The market is witnessing an increased preference for ventricular assist devices inserted percutaneously. These devices are non-pulsatile axial flow pumps, positioned across the aortic valve, facilitating blood pumping from the left ventricle. They help reduce the burden on the left ventricle and myocardial oxygen consumption, which in turn enhances cardiac output while lowering left ventricular end-diastolic pressure. For instance, in August 2022, a US-based medical device organization, Abiomed Inc., unveiled its percutaneous VAD product, Impella, to be used for qualifying pediatric patients in the USA. This device can compensate for a failing left ventricle in patients and replace or accompany extracorporeal membrane oxygenation (ECMO) to better hemodynamics.

Which Key Market Players Are Shaping the Future and Growth of theVentricular Assist Device Market?

Major companies operating in the ventricular assist device market include Abiomed, Abbott Laboratories, Medtronic, LivaNova PLC, Terumo Corporation, Berlin Heart GmbH, Cirtec, Jarvik Heart Inc., SynCardia Systems LLC., Calon Cardio-Technology Ltd, Huadong Medicine Co. Ltd, Shenzhen Hexin Zondan Medical Equipment Co. Ltd, Sun Medical Technology Research Corp., Boston Scientific Corporation, CorWave SA, CH Biomedical (USA) Inc, Evaheart Inc, BiVACOR Inc, ReliantHeart Inc, Cardiac Assist Inc, Heart Ware International, Braile Biomedica Ltd

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What Are the Core Segments of the Ventricular Assist Device Market, and How Do They Contribute to Growth?

The ventricular assist device market covered in this report is segmented –

1) By Product: Left Ventricular Assist Devices (LVADs), Right Ventricular Assist Devices (RVADs), Biventricular Assist Devices (BIVADs).

2) By Type: Pulsatile Flow, Continuous Flow

3) By Design: Transcutaneous Ventricular Assist Devices, Implantable Ventricular Assist Devices

4) By Application: Bridge-To-Transplant (BTT) Therapy, Destination Therapy, Bridge-To-Recovery (BTR) Therapy, Bridge-To-Candidacy (BTC) Therapy

5) By End Users: Hospital, Ambulatory Surgical Centres, Cardiology Centres

Subsegments:

1) By Left Ventricular Assist Devices (LVADs): Implantable LVADs, Temporary LVADs

2) By Right Ventricular Assist Devices (RVADs): Implantable RVADs, Temporary RVADs

3) By Biventricular Assist Devices (BIVADs): Full Support BIVADs, Hybrid BIVADs

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What Regions Are Dominating the Ventricular Assist Device Market Growth?

North America was the largest region in the ventricular assist device market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ventricular assist device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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