Ventricular Assist Devices Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR40227
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The ventricular assist devices market share should rise by USD 4.05 billion from 2021 to 2025 at a CAGR of 21.46%.

This ventricular assist devices market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (left and right ventricular assist devices and bi-ventricular assist devices) and geography (North America, Europe, Asia, and ROW). The ventricular assist devices market report also offers information on several market vendors, including Abbott Laboratories, Abiomed Inc., Asahi Kasei Corp., Berlin Heart GmbH, Calon Cardio-Technology Ltd, CorWave SA, Jarvik Heart Inc., LivaNova Plc, Medtronic Plc, and Mohawk Innovative Technology Inc. among others.

What will the Ventricular Assist Devices Market Size be in 2021?

To Unlock the Ventricular Assist Devices Market Size for 2021 and Other Important Statistics, Download the Free Report Sample!

Ventricular Assist Devices Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing prevalence of heart failure is notably driving the ventricular assist devices market growth, although factors such as high costs associated with ventricular assist devices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the ventricular assist devices industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This ventricular assist devices market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Ventricular Assist Devices Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Abbott Laboratories
  • Abiomed Inc.
  • Asahi Kasei Corp.
  • Berlin Heart GmbH
  • Calon Cardio-Technology Ltd
  • CorWave SA
  • Jarvik Heart Inc.
  • LivaNova Plc
  • Medtronic Plc
  • Mohawk Innovative Technology Inc.

 

The vendor landscape of the ventricular assist devices market entails successful business strategies deployed by the vendors. The ventricular assist devices market is concentrated and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the ventricular assist devices market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Ventricular Assist Devices Market?

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38% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for ventricular assist devices in North America. 

The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The awareness initiatives by organizations will facilitate the ventricular assist devices market growth in North America over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating Product Segments in the Ventricular Assist Devices Market?

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The ventricular assist devices market share growth by the left and right ventricular assist devices segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the ventricular assist devices market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

Ventricular Assist Devices Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 21.46%

Market growth 2021-2025

$ 4.05 billion

Market structure

Concentrated

YoY growth (%)

16.43

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 38%

Key consumer countries

US, Germany, China, Canada, UK, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

Abbott Laboratories, Abiomed Inc., Asahi Kasei Corp., Berlin Heart GmbH, Calon Cardio-Technology Ltd, CorWave SA, Jarvik Heart Inc., LivaNova Plc, Medtronic Plc, and Mohawk Innovative Technology Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Factors Covered in this Ventricular Assist Devices Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive ventricular assist devices market growth during the next five years
  • Precise estimation of the ventricular assist devices market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the ventricular assist devices market across North America, Europe, Asia, and ROW 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of ventricular assist devices market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Left and right ventricular assist devices - Market size and forecast 2020-2025
    • Bi-ventricular assist devices - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • Asia - Market size and forecast 2020-2025
    • ROW - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Abbott Laboratories
    • Abiomed Inc.
    • Asahi Kasei Corp.
    • Berlin Heart GmbH
    • Calon Cardio-Technology Ltd
    • CorWave SA
    • Jarvik Heart Inc.
    • LivaNova Plc
    • Medtronic Plc
    • Mohawk Innovative Technology Inc.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The ventricular assist devices market growth will increase by $4053.97 million during 2020-2025.
    The ventricular assist devices market is expected to grow at a CAGR of 21.46% during 2020-2025.
    Technavio has segmented the ventricular assist devices market by product (Left and right ventricular assist devices and Bi-ventricular assist devices) and geographic (North America, Europe, Asia, and ROW).
    Abbott Laboratories, Abiomed Inc., Asahi Kasei Corp., Berlin Heart GmbH, Calon Cardio-Technology Ltd, CorWave SA, Jarvik Heart Inc., LivaNova Plc, Medtronic Plc, Mohawk Innovative Technology Inc. are a few of the key vendors in the ventricular assist devices market.
    North America will register the highest growth rate of 37.63% among the other regions. Therefore, the ventricular assist devices market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the ventricular assist devices market growth are:
    • Increasing prevalence of heart failure
    The ventricular assist devices market vendors should focus on grabbing business opportunities from the left and right ventricular assist devices segment as it accounted for the largest market share in the base year.
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