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The ventricular assist device market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 12%, as per The Business Research Company’s market report!

Read More On The Ventricular Assist Device Market Report 2022 – https://www.thebusinessresearchcompany.com/report/ventricular-assist-device-global-market-report

The Ventricular Assist Device Market Size In 2022 And Forecast

The global ventricular assist device market is expected to grow from $1.51 billion in 2021 to $1.70 billion in 2022 at a compound annual growth rate (CAGR) of 13.01%. The global ventricular assist device market size is expected to reach $2.69 billion in 2026 at a CAGR of 12.16%.

The ventricular assist device market consists of sales of ventricular assist devices by entities (organizations, sole traders, and partnerships) that refer to an implantable mechanical circulatory device used to treat heart failure by pumping blood from the heart to the rest of the body, improving circulation to vital organs.

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Increase In The Prevalence Of Cardiovascular Disorders Is Driving The Growth Of The Ventricular Assist Device Market

For instance, according to the World Health Organization (WHO), in 2019, 17.9 million people died from cardiovascular diseases, accounting for 32% of all global deaths. Of these, 85% of deaths were due to stroke and heart attack. Therefore, the increase in the prevalence of cardiovascular disorders is expected to boost demand for ventricular assist devices during the forecast period.

Competitive Landscape And The Regional Analysis Of The Ventricular Assist Device Market

Major players in the ventricular assist device market are Berlin Heart GmbH, Abiomed Inc, ReliantHeart Inc, CorWave SA, Cirtec, Abbott, Cardiac Assist Inc, Jarvik Heart Inc, Bivacor Inc, Calon Cardio, Terumo Medical Corporation, Syncardia Systems LLC, Boston Scientific Corporation, Heart Ware International, and LivaNova PLC.

Additionally, as per TBRC’s research – North America was the largest region in the ventricular assist device market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The Ventricular Assist Device Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the ventricular assist device market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the ventricular assist device market.

Technological Advancement – A Key Trend In The Ventricular Assist Device Market

The companies operating in the ventricular assist device sector are focusing on developing next-generation ventricular assist devices to improve the function of blood circulation. Key players are focusing on developing ventricular assist devices with new technology to gain a competitive edge and strengthen their position in the market.

Ventricular Assist Device Market Segmentation By The Business Research Company

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 User: Hospitals, Ambulatory Surgical Centers, Cardiology Centers

Here Are Some Reports Related To The Ventricular Assist Device Market –

Cardiovascular Devices Global Market Report 2022

Cardiac Assist Devices And Equipment Global Market Report 2022

ECG Devices Global Market Report 2022

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