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Ventricular Assist Devices Market Research Report Information By Product Type (Left Ventricular Assist Device, Right Ventricular Assist Device, Biventricular Assist Device), By Type of Flow (Continuous Flow, Pulsatile Flow), By Design (Implantable Ventricular Assist Device, Transcutaneous Ventricular Assist Device) and By Application (Destination Therapy, Bridging Therapy) โ€“ Forecast to 2032.


ID: MRFR/HC/8299-HCR | 120 Pages | Author: Kinjoll Dey| April 2024

Research Methodology on Ventricular Assist Devices Market


This research report is intended to provide an in-depth insight into the Ventricular Assist Devices (VAD) market based on a mix of primary and secondary research approaches. The research methodology adopted for this report is detailed below:



  • Primary Research: The primary research comprises interviews with key industry participants, such as CEOs, managers, and VAD suppliers. Interviews were conducted to gain an in-depth understanding of the market size and trends. Qualitative and quantitative insights were gathered from the primary research.

  • Secondary Research: Secondary research was used to collect data on the industry value chain, consumer behaviour, regulatory requirements, pricing, product mapping, and competitive landscape. This data was collected from government websites, trade associations, industry reports, white papers, and company websites.

  • Market Sizing: The market size was estimated based on the sales of VADs in the base year. The market size was evaluated through various approaches, such as top-down and bottom-up approaches.

  • Forecasting: In order to forecast the future of the VADs, a comprehensive statistical forecasting model was used. The model took into account the base year data in order to project growth in the future.

  • Assumptions: To forecast the VAD market, certain assumptions were made based on the industry dynamics and consumer purchasing patterns.

  • Data Triangulation: To accurately understand and validate the market size and forecast various approaches were used. A systematic data triangulation approach was used to validate the market estimations.

  • Expert Verification: The final report was validated and fine-tuned with the help of experts from the industry in order to ensure that all information is as accurate and reliable as possible.


Research Scope


The research report examines the Ventricular Assist Devices market based on regional and global market analysis. The report provides an in-depth understanding of the market dynamics, structure, and product mapping. It assesses the current competitive environment, market size, and future growth potential. Additionally, the report also provides a comprehensive analysis of key trends and drivers, market segmentation, and company profiles.

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Table of Contents

1. EXECUTIVE SUMMARY

1.1. Market Attractiveness Analysis

1.1.1. Global Ventricular Assist Devices Market, by Product Type

1.1.2. Global Ventricular Assist Devices Market, by Type of Flow

1.1.3. Global Ventricular Assist Devices Market, by Design

1.1.4. Global Ventricular Assist Devices Market, by Application

1.1.5. Global Ventricular Assist Devices Market, by Region

2. MARKET INTRODUCTION

2.1. Definition

2.2. Scope of the Study

2.2.1. Research Objective

2.2.2. Assumptions

2.2.3. Limitations

3. RESEARCH METHODOLOGY

3.1. Overview

3.2. Data Mining

3.3. Secondary Research

3.4. Primary Research

3.5. Breakdown of Primary Respondents

3.6. Forecasting Techniques

3.7. Research Methodology for Market Size Estimation

3.8. Bottom-Up Approach

3.9. Top-Down Approach

3.10. Data Triangulation

3.11. Validation

4. MARKET DYNAMICS

4.1. Overview

4.2. Drivers

4.2.1. Increasing prevalence of cardiovascular disorders

4.2.2. Rising cases of patients with heart failure and shortage of heart donors

4.2.3. Development of technologically advanced products

4.2.4. Increasing number of government initiatives to support medical device manufacturers

4.2.5. Large number of clinical trials in VAD development

4.3. Restraints

4.3.1. Risks associated with a VAD implantation procedure

4.3.2. Unfavorable reimbursement framework

4.4. Opportunities

5. MARKET FACTOR ANALYSIS

5.1. Porterโ€™s Five Forces Analysis

5.1.1. Bargaining Power of Suppliers

5.1.2. Bargaining Power of Buyers

5.1.3. Threat of New Entrants

5.1.4. Threat of Substitutes

5.1.5. Intensity of Rivalry

5.2. Value Chain Analysis

5.2.1. R&D and Designing

5.2.2. Manufacturing

5.2.3. Distribution & Sales

5.2.4. Post Sales Services

5.3. Impact of Covid-19 on Ventricular Assist Devices Market

5.3.1. Impact on Supply Chain

5.3.2. Impact on Production

5.3.3. Impact on Pricing and revenues

5.3.4. Impact on surgical procedures

6. GLOBAL VENTRICULAR ASSIST DEVICES MARKET, BY PRODUCT TYPE

6.1. Overview

6.2. Left Ventricular Assist Device

6.3. Right Ventricular Assist Device

6.4. Biventricular Assist Device

7. GLOBAL VENTRICULAR ASSIST DEVICES MARKET, BY TYPE OF FLOW

7.1. Overview

7.2. Continuous Flow

7.3. Pulsatile Flow

8. GLOBAL VENTRICULAR ASSIST DEVICES MARKET, BY DESIGN

8.1. Overview

8.2. Implantable Ventricular Assist Device

8.3. Transcutaneous Ventricular Assist Device

9. GLOBAL VENTRICULAR ASSIST DEVICES MARKET, BY APPLICATION

9.1. Overview

9.2. Destination Therapy

9.3. Bridging Therapy

10. GLOBAL VENTRICULAR ASSIST DEVICES MARKET, BY REGION

10.1. Overview

10.2. Americas

10.2.1. North America

10.2.1.1. US

10.2.1.2. Canada

10.2.2. Latin America

10.3. Europe

10.3.1. Western Europe

10.3.1.1. Germany

10.3.1.2. France

10.3.1.3. Italy

10.3.1.4. Spain

10.3.1.5. UK

10.3.1.6. Rest of Western Europe

10.3.2. Eastern Europe

10.4. Asia-Pacific

10.4.1. Japan

10.4.2. China

10.4.3. India

10.4.4. Australia

10.4.5. South Korea

10.4.6. Rest of Asia-Pacific

10.5. Middle East & Africa

10.5.1. Middle East

10.5.2. Africa

11. COMPANY LANDSCAPE

11.1. Overview

11.2. Competitor Dashboard

11.3. Major Growth Strategy in the Global Ventricular Assist Devices Market

11.4. Competitive Benchmarking

11.4.1. The Leading Player in terms of Number of Developments in the Global Ventricular Assist Devices Market

11.5. Key Developments & Growth Strategies

11.6. Major Players Financial Matrix & Market Ratio

12. COMPANY PROFILES

12.1. Medtronic

12.1.1. Company Overview

12.1.2. Products/Services Offered

12.1.3. Financial Overview

12.1.4. Key Developments

12.1.5. SWOT Analysis

12.1.6. Key Strategies

12.2. Abbott

12.3. Berlin Heart GmbH

12.4. ReliantHeart Inc.

12.5. Abiomed Inc.

12.6. Cardiac Assist Inc.

12.7. Cirtec

12.8. CorWave SA

12.9. Fineheart

12.10. Others

13. APPENDIX

13.1. References

13.2. Related Reports

LIST OF TABLES

TABLE 1 GLOBAL VENTRICULAR ASSIST DEVICES MARKET SYNOPSIS, 2017โ€“2027

TABLE 2 GLOBAL VENTRICULAR ASSIST DEVICES MARKET ESTIMATES & FORECAST, 2017โ€“2027 (USD MILLION)

TABLE 3 GLOBAL VENTRICULAR ASSIST DEVICES MARKET, BY PRODUCT TYPE, 2017โ€“2027 (USD MILLION)

TABLE 4 GLOBAL VENTRICULAR ASSIST DEVICES MARKET, BY TYPE OF FLOW, 2017โ€“2027 (USD MILLION)

TABLE 5 GLOBAL VENTRICULAR ASSIST DEVICES MARKET, BY DESIGN, 2017โ€“2027 (USD MILLION)

TABLE 6 GLOBAL VENTRICULAR ASSIST DEVICES MARKET, BY APPLICATION, 2017โ€“2027 (USD MILLION)

TABLE 7 GLOBAL VENTRICULAR ASSIST DEVICES MARKET, BY REGION, 2017โ€“2027 (USD MILLION)

TABLE 8 NORTH AMERICA: VENTRICULAR ASSIST DEVICES MARKET, BY PRODUCT TYPE, 2017โ€“2027 (USD MILLION)

TABLE 9 NORTH AMERICA: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE OF FLOW, 2017โ€“2027 (USD MILLION)

TABLE 10 NORTH AMERICA: VENTRICULAR ASSIST DEVICES MARKET, BY DESIGN, 2017โ€“2027 (USD MILLION)

TABLE 11 NORTH AMERICA: VENTRICULAR ASSIST DEVICES MARKET, BY APPLICATION, 2017โ€“2027 (USD MILLION)

TABLE 12 US: VENTRICULAR ASSIST DEVICES MARKET, BY PRODUCT TYPE, 2017โ€“2027 (USD MILLION)

TABLE 13 US: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE OF FLOW, 2017โ€“2027 (USD MILLION)

TABLE 14 US: VENTRICULAR ASSIST DEVICES MARKET, BY DESIGN, 2017โ€“2027 (USD MILLION)

TABLE 15 US: VENTRICULAR ASSIST DEVICES MARKET, BY APPLICATION, 2017โ€“2027 (USD MILLION)

TABLE 16 CANADA: VENTRICULAR ASSIST DEVICES MARKET, BY PRODUCT TYPE, 2017โ€“2027 (USD MILLION)

TABLE 17 CANADA: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE OF FLOW, 2017โ€“2027 (USD MILLION)

TABLE 18 CANADA: VENTRICULAR ASSIST DEVICES MARKET, BY DESIGN, 2017โ€“2027 (USD MILLION)

TABLE 19 CANADA: VENTRICULAR ASSIST DEVICES MARKET, BY APPLICATION, 2017โ€“2027 (USD MILLION)

TABLE 20 LATIN AMERICA: VENTRICULAR ASSIST DEVICES MARKET, BY PRODUCT TYPE, 2017โ€“2027 (USD MILLION)

TABLE 21 LATIN AMERICA: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE OF FLOW, 2017โ€“2027 (USD MILLION)

TABLE 22 LATIN AMERICA: VENTRICULAR ASSIST DEVICES MARKET, BY DESIGN, 2017โ€“2027 (USD MILLION)

TABLE 23 LATIN AMERICA: VENTRICULAR ASSIST DEVICES MARKET, BY APPLICATION, 2017โ€“2027 (USD MILLION)

TABLE 24 EUROPE: VENTRICULAR ASSIST DEVICES MARKET, BY PRODUCT TYPE, 2017โ€“2027 (USD MILLION)

TABLE 25 EUROPE: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE OF FLOW, 2017โ€“2027 (USD MILLION)

TABLE 26 EUROPE: VENTRICULAR ASSIST DEVICES MARKET, BY DESIGN, 2017โ€“2027 (USD MILLION)

TABLE 27 EUROPE: VENTRICULAR ASSIST DEVICES MARKET, BY APPLICATION, 2017โ€“2027 (USD MILLION)

TABLE 28 WESTERN EUROPE: VENTRICULAR ASSIST DEVICES MARKET, BY PRODUCT TYPE, 2017โ€“2027 (USD MILLION)

TABLE 29 WESTERN EUROPE: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE OF FLOW, 2017โ€“2027 (USD MILLION)

TABLE 30 WESTERN EUROPE: VENTRICULAR ASSIST DEVICES MARKET, BY DESIGN, 2017โ€“2027 (USD MILLION)

TABLE 31 WESTERN EUROPE: VENTRICULAR ASSIST DEVICES MARKET, BY APPLICATION, 2017โ€“2027 (USD MILLION)

TABLE 32 EASTERN EUROPE: VENTRICULAR ASSIST DEVICES MARKET, BY PRODUCT TYPE, 2017โ€“2027 (USD MILLION)

TABLE 33 EASTERN EUROPE: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE OF FLOW, 2017โ€“2027 (USD MILLION)

TABLE 34 EASTERN EUROPE: VENTRICULAR ASSIST DEVICES MARKET, BY DESIGN, 2017โ€“2027 (USD MILLION)

TABLE 35 EASTERN EUROPE: VENTRICULAR ASSIST DEVICES MARKET, BY APPLICATION, 2017โ€“2027 (USD MILLION)

TABLE 36 ASIA-PACIFIC: VENTRICULAR ASSIST DEVICES MARKET, BY PRODUCT TYPE, 2017โ€“2027 (USD MILLION)

TABLE 37 ASIA-PACIFIC: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE OF FLOW, 2017โ€“2027 (USD MILLION)

TABLE 38 ASIA-PACIFIC: VENTRICULAR ASSIST DEVICES MARKET, BY DESIGN, 2017โ€“2027 (USD MILLION)

TABLE 39 ASIA-PACIFIC: VENTRICULAR ASSIST DEVICES MARKET, BY APPLICATION, 2017โ€“2027 (USD MILLION)

TABLE 40 MIDDLE EAST & AFRICA: VENTRICULAR ASSIST DEVICES MARKET, BY PRODUCT TYPE, 2017โ€“2027 (USD MILLION)

TABLE 41 MIDDLE EAST & AFRICA: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE OF FLOW, 2017โ€“2027 (USD MILLION)

TABLE 42 MIDDLE EAST & AFRICA: VENTRICULAR ASSIST DEVICES MARKET, BY DESIGN, 2017โ€“2027 (USD MILLION)

TABLE 43 MIDDLE EAST & AFRICA: VENTRICULAR ASSIST DEVICES MARKET, BY APPLICATION, 2017โ€“2027 (USD MILLION)

LIST OF FIGURES

FIGURE 1 RESEARCH PROCESS

FIGURE 2 MARKET STRUCTURE FOR THE GLOBAL VENTRICULAR ASSIST DEVICES MARKET

FIGURE 3 MARKET DYNAMICS FOR THE GLOBAL VENTRICULAR ASSIST DEVICES MARKET

FIGURE 4 GLOBAL VENTRICULAR ASSIST DEVICES MARKET SHARE, BY PRODUCT TYPE, 2019 (%)

FIGURE 5 GLOBAL VENTRICULAR ASSIST DEVICES MARKET SHARE, BY TYPE OF FLOW, 2019 (%)

FIGURE 6 GLOBAL VENTRICULAR ASSIST DEVICES MARKET SHARE, BY DESIGN, 2019 (%)

FIGURE 7 GLOBAL VENTRICULAR ASSIST DEVICES MARKET SHARE, BY APPLICATION, 2019 (%)

FIGURE 8 GLOBAL VENTRICULAR ASSIST DEVICES MARKET SHARE, BY REGION, 2019 (%)

FIGURE 9 AMERICAS: VENTRICULAR ASSIST DEVICES MARKET SHARE BY REGION, 2019 (%)

FIGURE 10 NORTH AMERICA: VENTRICULAR ASSIST DEVICES MARKET SHARE, BY COUNTRY, 2019 (%)

FIGURE 11 EUROPE: VENTRICULAR ASSIST DEVICES MARKET SHARE, BY REGION, 2019 (%)

FIGURE 12 WESTERN EUROPE: VENTRICULAR ASSIST DEVICES MARKET SHARE, BY COUNTRY, 2019 (%)

FIGURE 13 ASIA-PACIFIC: VENTRICULAR ASSIST DEVICES MARKET SHARE, BY COUNTRY, 2019 (%)

FIGURE 14 MIDDLE EAST & AFRICA: VENTRICULAR ASSIST DEVICES MARKET SHARE, BY COUNTRY, 2019 (%)

FIGURE 15 GLOBAL VENTRICULAR ASSIST DEVICES MARKET: COMPANY SHARE ANALYSIS, 2019 (%)

FIGURE 16 MEDTRONIC: KEY FINANCIALS

FIGURE 17 MEDTRONIC: SEGMENTAL REVENUE

FIGURE 18 MEDTRONIC: REGIONAL REVENUE

FIGURE 19 ABBOTT: KEY FINANCIALS

FIGURE 20 ABBOTT: SEGMENTAL REVENUE

FIGURE 21 ABBOTT: REGIONAL REVENUE

FIGURE 22 BERLIN HEART GMBH: KEY FINANCIALS

FIGURE 23 BERLIN HEART GMBH: SEGMENTAL REVENUE

FIGURE 24 BERLIN HEART GMBH: REGIONAL REVENUE

FIGURE 25 ABIOMED INC.: KEY FINANCIALS

FIGURE 26 ABIOMED INC.: SEGMENTAL REVENUE

FIGURE 27 ABIOMED INC.: REGIONAL REVENUE

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