Ventricular Assist Devices Market Size Share Trends Growth Demand and Competitive Analysis Insights 2022-2029 | DataM Intelligence

November 04 20:21 2022
Ventricular Assist Devices Market Size Share Trends Growth Demand and Competitive Analysis Insights 2022-2029 | DataM Intelligence
DataM Intelligence
Ventricular Assist Devices Market is expected to grow at a CAGR of 12% during the forecasting period (2022-2029).

Market Overview:

A ventricular help tool is an electromechanical tool for supporting cardiac stream that is used both in part or to update the function of a failing heart absolutely. Ventricular help devices are mechanical pumps that guide cardiac circulation in patients with weakened hearts. The roles of VADs are special. Some are for quick-time period use, generally for sufferers recuperating from a coronary heart attack and for patients recovering from cardiac surgical treatment; a few are for lengthy-term use, generally for sufferers tormented by advanced heart failure.

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Market Dynamics

The growing cardiac sickness and coronary heart failure burden are predicted to pressure market growth.

According to the World Health Organization 2021, an predicted 17.Nine million people die annually from cardiovascular ailments international. This debts for 35% of all deaths worldwide. Furthermore, heart attacks and stroke account for eighty five% of all cardiovascular ailment mortality.

Furthermore, in keeping with a July 2020 article posted in Cureus Journal of Medical Science, ischemic coronary heart disorder is a leading reason of loss of life international. Ischemic coronary heart disease affects kind of 126 million humans, or about 1.72% of the arena’s population.

By 2030, the global occurrence of ischemic heart sickness is predicted to technique 1,845 in keeping with a hundred,000 humans. Therefore, VAD implantations are life-saving gadgets for people suffering from excessive coronary heart failure. They can assist patients resume their every day activities with the aid of lowering the symptoms of coronary heart failure. Coronary heart ailment because of high blood pressure is a leading motive of persistent heart failure.

Aside from that, a few coronary heart illnesses, inclusive of ischemic and dilated cardiomyopathies, necessitate significant surgical intervention. Heart transplantation is a a success long-term surgical treatment for all sufferers requiring advanced heart failure-related therapy. Thus, from the above statements, the marketplace is expected to drive marketplace increase.

Market Segmentation:

By Product Type

By Design

  •    Implantable Ventricular Assist Devices
  •    Transcutaneous Ventricular Assist Devices

By Application

  • Bridge to candidacy therapy
  • Bridge to transplant therapy
  • Bridge to recovery therapy
  • Destination therapy

Competitive Landscape

Major key players in the ventricular assist devices market are Abiomed Inc, Terumo Medical Corporation, Cardiokinetix, Inc., Calon Cardio-Technology Ltd, Corassist Cardiovascular Ltd., Jarvik Heart, Inc, Syncardia Systems, Berlin Heart GmbH, Evaheart, St. Jude Medical, Inc, and others.

Trending Topics:

Cardiac Assist Devices Market

Central Vascular Access Devices Market

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