Home / Medical Devices / Ventricular Assist Devices Market By Type (Right Ventricular Assist Devices, Left Ventricular Assist Devices, Bi-Ventricular Assist Devices), By Application (Bridge To Transplant (BTT), Bridge To Destination (BTD), Bridge To Recovery (BTR) ), - Growth, Share, Opportunities & Competitive Analysis, 2017 - 2025

Ventricular Assist Devices Market By Type (Right Ventricular Assist Devices, Left Ventricular Assist Devices, Bi-Ventricular Assist Devices), By Application (Bridge To Transplant (BTT), Bridge To Destination (BTD), Bridge To Recovery (BTR) ), - Growth, Share, Opportunities & Competitive Analysis, 2017 - 2025

Published: Jul 2017 | Report Code: 58590-07-17

Congestive heart failure is a potential life-threatening condition that weakens the heart muscles and reduces the ability to pump blood through the body. Patients’ life can be extended and improved with the use of ventricular assist devices as it is an effective alternative for heart transplant. Ventricular assist devices are mechanical instruments that improves the pumping of blood and maintain efficient flow throughout the body. Rising number of geriatric population with cardiac complication, lifestyle change with increasing consumption of junk food, binge drinking and drug abuse are responsible for the rise in lifestyle diseases like cardiovascular, diabetes and stroke. Increasing number cardiovascular surgical procedures will result into deep market penetration of the ventricular assist devices.

For the purpose of this study, the various types studied include left ventricular assist device, right ventricular assist device and bi-ventricular assist device. The ventricular assist devices applications are further categorized as bridge to transplant, bridge to destination and bridge to recovery. Market size estimates and forecast for these segments for the period 2015 to 2025 are provided in terms of US$ Mn along with the respective CAGRs for the period 2017 to 2025, considering 2016 as the base year.

The geographic segmentation of the global ventricular assist device market is performed for the regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa markets. The regions are also further sub-segmented on the basis of major countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • Rest of Asia Pacific
  • Latin America
    • Mexico
    • Brazil
    • Rest of LATAM
  • Middle East and Africa
    • GCC
    • Rest of Middle East and Africa

The regions are also further sub-segmented on the basis of, cross-sectional study by device, application and major countries. Market size estimates and forecast for these segments for the period 2015 to 2025 are provided in terms of US$ Mn along with the respective CAGRs for the period 2017 to 2025, considering 2016 as the base year.

This report also includes qualitative assessment factors such as market dynamics (drivers, restraints and opportunities) to have a good understanding of the current and anticipated trends in the global ventricular assist devices market. Competition assessment tools such as Porter’s five forces analysis, market attractiveness assessment and competitive landscape analysis by key players are also presented in the study. Furthermore, this report concludes with profiling of key market players currently enjoying prominent position in the global ventricular assist devices market. The key players profiled in this report are Abiomed, 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. and Thoratec Corporation.

Ventricular Assist Devices Market

Chapter 1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase III-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

Chapter 2. Executive Summary
2.1. Global Ventricular Assist Devices Market Portraiture
2.1.1. Global Ventricular Assist Devices Market, by Type, 2016
2.1.2. Global Ventricular Assist Devices Market, by Application, 2016
2.1.3. Global Ventricular Assist Devices Market, by Geography, 2016

Chapter 3. Ventricular Assist Devices Market: Market Dynamics and Future Outlook
3.1. Market Overview
3.2. Prevalence Data of Major Target Diseases (Coronary Artery Disease, Cardiomyopathy)
3.3. Drivers
3.4. Challenges
3.5. Opportunities
3.6. Porter’s Five Forces Analysis
3.7. Attractive Investment Proposition, by Geography
3.8. Competitive Landscape
3.8.1. Competitive Landscape, by Key Players, 2016

Chapter 4. Global Ventricular Assist Devices Market, by Type, 2015 – 2025 (US$ Mn)
4.1. Overview
4.2. Attractive Investment Proposition: Global Ventricular Assist Devices Market, by Type
4.3. Right Ventricular Assist Devices
4.4. Left Ventricular Assist Devices
4.5. Bi-Ventricular Assist Devices

Chapter 5. Global Ventricular Assist Devices Market, by Application, 2015 – 2025 (US$ Mn)
5.1. Overview
5.2. Attractive Investment Proposition: Global Ventricular Assist Devices Market, by Application
5.3. Bridge to Transplant (BTT)
5.4. Bridge to Destination (BTD)
5.5. Bridge to Recovery (BTR)

Chapter 6. Global Ventricular Assist Devices Market, by Geography, 2015 – 2025 (US$ Mn)
6.1. Overview
6.2. North America Ventricular Assist Devices Market Analysis, 2015 – 2025
6.2.1. North America Ventricular Assist Devices Market, by Type, 2015 – 2025 (US$ Mn)
6.2.2. North America Ventricular Assist Devices Market, by Application, 2015 – 2025 (US$ Mn)
6.2.3. North America Ventricular Assist Devices Market, by Country, 2015 – 2025 (US$ Mn)
6.2.3.1. U.S.
6.2.3.2. Canada
6.3. Europe Ventricular Assist Devices Market Analysis, 2015 – 2025
6.3.1. Europe Ventricular Assist Devices Market, by Type, 2015 – 2025 (US$ Mn)
6.3.2. Europe Ventricular Assist Devices Market, by Application, 2015 – 2025 (US$ Mn)
6.3.3. Europe Ventricular Assist Devices Market, by Country, 2015 – 2025 (US$ Mn)
6.3.3.1. U.K.
6.3.3.2. Germany
6.3.3.3. France
6.3.3.4. Rest of Europe
6.4. Asia Pacific Ventricular Assist Devices Market Analysis, 2015 – 2025
6.4.1. Asia Pacific Ventricular Assist Devices Market, by Type, 2015 – 2025 (US$ Mn)
6.4.2. Asia Pacific Ventricular Assist Devices Market, by Application, 2015 – 2025 (US$ Mn)
6.4.3. Asia Pacific Ventricular Assist Devices Market, by Country, 2015 – 2025 (US$ Mn)
6.4.3.1. Japan
6.4.3.2. China
6.4.3.3. India
6.4.3.4. Rest of APAC
6.5. Latin America Ventricular Assist Devices Market Analysis, 2015 – 2025
6.5.1. Latin America Ventricular Assist Devices Market, by Type, 2015 – 2025 (US$ Mn)
6.5.2. Latin America Ventricular Assist Devices Market, by Application, 2015 – 2025 (US$ Mn)
6.5.3. Latin America Ventricular Assist Devices Market, by Country, 2015 – 2025 (US$ Mn)
6.5.3.1. Brazil
6.5.3.2. Mexico
6.5.3.3. Rest of Latin America
6.6. Middle East & Africa (MEA) Ventricular Assist Devices Market Analysis, 2015 – 2025
6.6.1. MEA Ventricular Assist Devices Market, by Type, 2015 – 2025 (US$ Mn)
6.6.2. MEA Ventricular Assist Devices Market, by Application, 2015 – 2025 (US$ Mn)
6.6.3. MEA Ventricular Assist Devices Market, by Region, 2015 – 2025 (US$ Mn)
6.6.3.1. GCC
6.6.3.2. Rest of MEA

Chapter 7. Company Profiles
7.1. Abiomed
7.1.1. Business Description
7.1.2. Financial Information (Subject to data availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. Berlin Heart GmbH
7.3. Cardiac Assist, Inc.
7.4. HeartWare International, Inc.
7.5. Jarvik Heart, Inc.
7.6. Reliant Heart, Inc.
7.7. St. Jude Medical, LLC.
7.8. Sun Medical Technology Research Corp.
7.9. Syncardia System, Inc.
7.10. Thoratec Corporation

List Of Table :

TABLE 1 Global Ventricular Assist Devices Market, by Type, 2015 – 2025 (US$ Mn)
TABLE 2 Global Ventricular Assist Devices Market, by Application, 2015 – 2025 (US$ Mn)
TABLE 3 Global Ventricular Assist Devices Market, by Geography, 2015 – 2025 (US$ Mn)
TABLE 4 North America Ventricular Assist Devices Market, by Type, 2015 – 2025 (US$ Mn)
TABLE 5 North America Ventricular Assist Devices Market, by Application, 2015 – 2025 (US$ Mn)
TABLE 6 North America Ventricular Assist Devices Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 7 Europe Ventricular Assist Devices Market, by Type, 2015 – 2025 (US$ Mn)
TABLE 8 Europe Ventricular Assist Devices Market, by Application, 2015 – 2025 (US$ Mn)
TABLE 9 Europe Ventricular Assist Devices Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 10 Asia Pacific Ventricular Assist Devices Market, by Type, 2015 – 2025 (US$ Mn)
TABLE 11 Asia Pacific Ventricular Assist Devices Market, by Application, 2015 – 2025 (US$ Mn)
TABLE 12 Asia Pacific Ventricular Assist Devices Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 13 Latin America Ventricular Assist Devices Market, by Type, 2015 – 2025 (US$ Mn)
TABLE 14 Latin America Ventricular Assist Devices Market, by Application, 2015 – 2025 (US$ Mn)
TABLE 15 Latin America Ventricular Assist Devices Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 16 Middle East and Africa Ventricular Assist Devices Market, by Type, 2015 – 2025 (US$ Mn)
TABLE 17 Middle East and Africa Ventricular Assist Devices Market, by Application, 2015 – 2025 (US$ Mn)
TABLE 18 Middle East and Africa Ventricular Assist Devices Market, by Region, 2015 – 2025 (US$ Mn)
TABLE 19 Abiomed: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 20 Berlin Heart GmbH: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 21 Cardiac Assist, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 22 HeartWare International, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 23 Jarvik Heart, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 24 Reliant Heart, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 25 St. Jude Medical, LLC.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 26 Sun Medical Technology Research Corp.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 27 Syncardia System, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 28 Thoratec Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)

List Of Figures :

FIG. 1 Ventricular Assist Devices: Market Segmentation
FIG. 2 Global Ventricular Assist Devices Market Share, by Type, 2016 (Value %)
FIG. 3 Global Ventricular Assist Devices Market Share, by Application, 2016 (Value %)
FIG. 4 Global Ventricular Assist Devices Market Share, by Geography, 2016 (Value %)
FIG. 5 Attractive Investment Proposition, by Geography
FIG. 6 Market Competition Landscape, by Key Players, 2016
FIG. 7 Global Left Ventricular Assist Devices Market, by Type 2015 – 2025 (US$ Mn)
FIG. 8 Global Right Ventricular Assist Devices Market, by Type 2015 – 2025 (US$ Mn)
FIG. 9 Global Bi-Ventricular Assist Devices Market, by Type 2015 – 2025 (US$ Mn)
FIG. 10 Global Ventricular Assist Devices Market as Bridge to Transplant, 2015 – 2025 (US$ Mn)
FIG. 11 Global Ventricular Assist Devices Market as Bridge to Destination, 2015 – 2025 (US$ Mn)
FIG. 12 Global Ventricular Assist Devices Market as Bridge to Recovery, 2015 – 2025 (US$ Mn)
FIG. 13 U.S. Ventricular Assist Devices Market, 2015 – 2025 (US$ Mn)
FIG. 14 Canada Ventricular Assist Devices Market, 2015 – 2025 (US$ Mn)
FIG. 15 U.K. Ventricular Assist Devices Market, 2015 – 2025 (US$ Mn)
FIG. 16 Germany Ventricular Assist Devices Market, 2015 – 2025 (US$ Mn)
FIG. 17 France Ventricular Assist Devices Market, 2015-2025 (US$ Mn)
FIG. 18 Rest of Europe Ventricular Assist Devices Market, 2015 – 2025 (US$ Mn)
FIG. 19 Japan Ventricular Assist Devices Market, 2015 – 2025 (US$ Mn)
FIG. 20 China Ventricular Assist Devices Market, 2015 – 2025 (US$ Mn)
FIG. 21 India Ventricular Assist Devices Market, 2015 – 2025 (US$ Mn)
FIG. 22 Rest of Asia Pacific Ventricular Assist Devices Market, 2015 – 2025 (US$ Mn)
FIG. 23 Brazil Ventricular Assist Devices Market, 2015 – 2025 (US$ Mn)
FIG. 24 Mexico Ventricular Assist Devices Market, 2015 – 2025 (US$ Mn)
FIG. 25 Rest of Latin America Ventricular Assist Devices Market, 2015 – 2025 (US$ Mn)
FIG. 26 GCC Ventricular Assist Devices Market, 2015 – 2025 (US$ Mn)
FIG. 27 Rest of Middle East and Africa Ventricular Assist Devices Market, 2015 – 2025 (US$ Mn)

 

Based on type, the global ventricular assist devices market is categorized into

  • Left Ventricular Assist Devices
  • Right Ventricular Assist Devices
  • Bi-Ventricular Assist Devices

ventricular-assist-devices-market

Ventricular assist device is a mechanical pump which takes blood from a lower chamber of heart and pumps it to the body and vital organs. They are used for short duration in patients recovering from myocardial infarction or cardiac surgery, whereas long term use is for patients suffering from total heart failure and patients suffering class III & class IV heart failure waiting for a heart transplant. Rise in lifestyle diseases like cardiomyopathy, diabetes and stroke, higher efficacy, better patient suitability and easy availability at low cost is fuelling the ventricular assist devices market growth. In 2016, left ventricular assist devices held the largest market share due to rising number of patients suffering with left ventricular damage i.e. cardiomyopathy, and reduction in the number of heart donors. Right ventricular assist devices segment is anticipated to register faster growth throughout the forecast period 2017-2025, majorly due to increasing number of patients suffering with congestive heart failure and pulmonary hypertension. Overall, the global ventricular assist devices market is highly competitive with presence of multiple players like Thoratec, Abiomed, St. Jude Medical, LLC., Reliant Heart Inc., HeartWare International, Inc., SynCardia System Inc., etc. specializing in respective fields. Technological advancement in the device design, raw material and manufacturing has been significant from the first generation devices containing pulsatile volume displacement pumps powered by pneumatic or electrical drive system, which were later replaced with the second generation continuous flow pumps.

Based on application areas, the global ventricular assist devices market is categorized into

  • Bridge to Transplant (BTT)
  • Bridge to Destination (BTD)
  • Bridge to Recovery (BTR)

ventricular-assist-devices-market

According to the European Society of Cardiology (ESC), 17%-45% of heart failure patients admitted in hospitals worldwide die within 1 year of admission. The British Heart Foundation (BHF) claims that the causative agent for heart failure are heart valve problems, abuse of alcohol or recreational drugs, arrhythmia, congenital heart disease, viral infection of the heart muscles etc. In 2016, bridge to transplant segment dominated the application market significantly due to factors such as rising prevalence of congestive heart failure and increasing number of patients which showed failure in optimal medical management and are at a risk of imminent death and require immediate heart transplantation. Bridge to destination segment will be the fastest growing segment in the application market throughout the forecast period 2017-2025, majorly due to factors such as large number of patients are deemed too old for a heart transplant, compromised immunity, left ventricular ejection fraction less than 25% and can survive with a LVAD throughout their lifespan. Bridge to recovery offers a lucrative market opportunities as it is finding huge application in patients with temporary heart failure, patients recovering from heart surgery get VAD implanted until the heart is strong enough to pump blood.

For the purpose of this study, the global ventricular assist devices market is categorized into the following regional and country specific markets:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Rest of Middle East and Africa

Ventricular Assist Devices Market

North America was observed to be the largest market for ventricular assist devices in the base year 2016. According to the Centers for Disease Control and Prevention about 610,000 Americans die each year due to heart disease, which represents 1 in every 4 deaths. The dominance of North America is mainly attributed to rise in lifestyle diseases such as cardiovascular disease, stroke and chronic pulmonary hypertension, shift in lifestyle with increased drug abuse, binge drinking and consumption of fast food and evolved reimbursement scenario favoring ventricular assist devices use. According to the European Cardiovascular Disease Statistics - 2017, each year CVD causes 3.9 million deaths in Europe and 1.8 million deaths in the European Union. The market growth in Europe is chiefly attributed to increasing number of patients suffering with cardiovascular complications, and supportive regulatory approval for ventricular assist devices market. Asia Pacific will be the fastest growing regional segment throughout the forecast period 2017-2025. Factors that propel the market growth are rising prevalence of geriatric population suffering from cardiac complication, increasing healthcare expenditure in these regions and increasing disposable incomes. Factors such as developing health infrastructure, increasing awareness and increasing demand for ventricular assist devices are going to fuel the rapid growth of ventricular assist devices market in Latin America, and Middle East and Africa region in the near future.   

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