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What key factors are powering the surge in the ventricular assist device market right now?

The market size for ventricular assist devices has witnessed substantial expansion in the last few years. Projected growth indicates an increase from $2.12 billion in 2024 to $2.39 billion in 2025, with a compound annual growth rate (CAGR) of 12.6%. The reasons for this prior growth trend consist of a higher incidence of heart failure and an escalated demand for procedures involving organ transplantation.

How fast Is the ventricular assist device market expected to grow, and what’s its future value?

The market size of pizza boxes is projected to witness robust expansion in the upcoming years, escalating to $4.37 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 7.9%. The predicted rise during the forecast period is primarily due to the global surge in pizza market, intensity of market competition and differentiation, adherence to health and safety norms, consumer inclination towards eco-friendly packaging, and convenience-oriented packaging. Significant trends for the forecast period encompass design modernizations for functionality, customization and branding, convenience-led packaging, groundbreaking materials and technologies, and market reaction to consumer behavior.

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What are the leading drivers of growth in the ventricular assist device market?

The rise in cases of cardiovascular conditions is propelling the expansion of the ventricular assist device market. Heart diseases, often attributed to factors such as hypertension, smoking, high cholesterol, and lack of physical activity, fall under the umbrella of cardiovascular disorders. The surge in these conditions can also be attributed to non-infectious diseases like diabetes, chronic respiratory diseases, and heart attacks brought about by elevated blood pressure. The notable upsurge in such disorders is set to augment the demand for ventricular assist devices, which serve as an essential support framework for critically ill heart patients. As an example, the US-based National Library of Medicine documented in October 2022 that an estimated 45.1% of the US populace will be affected by cardiovascular disease by 2035. The overall expenses related to cardiovascular diseases are predicted to hit $1.1 trillion in 2035. Consequently, the rise in cardiovascular disorder cases will likely spur the demand for ventricular assist devices in the projected period.

What are the key segments defining the ventricular assist device market?

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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Who are the key players steering the development of the ventricular 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

What emerging trends are influencing the growth of the ventricular assist device market?

Ventricular assist devices inserted percutaneously are increasingly gaining traction in the market. These non-pulsatile axial flow pumps are fixed over the aortic valve, pumping blood out of the left ventricle. Their percutaneous insertion aids in reducing the load on the left ventricle and the consumption of myocardial oxygen, thereby enhancing cardiac output and lowering left ventricular end-diastolic pressure. For instance, Impella, a percutaneous VAD engineered by the US medical device firm, Abiomed Inc., in August 2022, was launched for suitable pediatric patients in the United States. This device, designed to provide adequate cardiac support, helps compensate for a malfunctioning left ventricle in patients. Furthermore, it can replace extracorporeal membrane oxygenation (ECMO) or be used jointly to enhance hemodynamics.

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Which regions are most influential in expanding the ventricular assist device market?

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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