Implantable ventricular assist devices are mechanical pumps that control and regulate the blood flow from ventricles of heart to the rest of body. These devices replicate the functioning of ventricles and implanted at the lower end of heart. These devices are implanted when ventricles fail to perform their function due to various medical conditions such as bundle branch block, and myocardial infection. They are either implanted for small period or lifelong to treat the heart rate. In addition, they are also used as temporary implants until the heart transplant is performed.
MARKET DYNAMICS
The implantable ventricular assist devices market is driving due to the increasing prevalence of cardiovascular disorders, mainly hypertension, ventricular septal defect, heart failure, and stroke. However, risk associated with its implantation such as development of blood clots, respiratory failure and device failure is expected to hamper the growth of the global implantable ventricular assist devices market. Moreover, technological advancements with regard to the advanced features such as infection control technology is anticipated to drive demand the growth of the market.
MARKET SCOPE
The "Implantable Ventricular Assist Devices Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of implantable ventricular assist devices market with detailed market segmentation by product and application. The implantable ventricular assist devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in implantable ventricular assist devices market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The implantable ventricular assist devices market is segmented on the basis of product, and application. On the basis of product, the market is segmented into left ventricular assist device (LVAD), right ventricular assist device (RVAD), biventricular assist device (BiVAD), and total artificial heart (TAH). Based on application, the market is segmented into bridge-to-transplant (BTT) therapy, destination therapy, and other therapies.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the implantable ventricular assist devices market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The implantable ventricular assist devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting implantable ventricular assist devices market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the implantable ventricular assist devices market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the implantable ventricular assist devices market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The implantable ventricular assist devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting implantable ventricular assist devices market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the implantable ventricular assist devices market in these regions.
MARKET PLAYERS
The report covers key developments in the implantable ventricular assist devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from implantable ventricular assist devices market are anticipated to have lucrative growth opportunities in the future with the rising demand for implantable ventricular assist devices market in the global market. Below mentioned is the list of few companies engaged in the implantable ventricular assist devices market.
The report also includes the profiles of key players in implantable ventricular assist devices market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABIOMED
- BiVACOR Inc.
- Abbott
- Medtronic
- Terumo Europe NV
- Berlin Heart GmbH
- Calon Cardio
- Jarvik Heart Inc.
- SynCardia Systems LLC
- Medtronic
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Implantable Ventricular Assist Devices Market - By Product
1.3.2 Implantable Ventricular Assist Devices Market - By Application
1.3.3 Implantable Ventricular Assist Devices Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. IMPLANTABLE VENTRICULAR ASSIST DEVICES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. IMPLANTABLE VENTRICULAR ASSIST DEVICES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. IMPLANTABLE VENTRICULAR ASSIST DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. IMPLANTABLE VENTRICULAR ASSIST DEVICES - GLOBAL MARKET OVERVIEW
6.2. IMPLANTABLE VENTRICULAR ASSIST DEVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. IMPLANTABLE VENTRICULAR ASSIST DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. LEFT VENTRICULAR ASSIST DEVICE (LVAD)
7.3.1. Overview
7.3.2. Left Ventricular Assist Device (LVAD) Market Forecast and Analysis
7.4. RIGHT VENTRICULAR ASSIST DEVICE (RVAD)
7.4.1. Overview
7.4.2. Right Ventricular Assist Device (RVAD) Market Forecast and Analysis
7.5. BIVENTRICULAR ASSIST DEVICE (BIVAD)
7.5.1. Overview
7.5.2. Biventricular Assist Device (BiVAD) Market Forecast and Analysis
7.6. TOTAL ARTIFICIAL HEART (TAH).
7.6.1. Overview
7.6.2. Total Artificial Heart (TAH). Market Forecast and Analysis
8. IMPLANTABLE VENTRICULAR ASSIST DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. BRIDGE-TO-TRANSPLANT (BTT) THERAPY
8.3.1. Overview
8.3.2. Bridge-To-Transplant (BTT) Therapy Market Forecast and Analysis
8.4. DESTINATION THERAPY
8.4.1. Overview
8.4.2. Destination Therapy Market Forecast and Analysis
8.5. OTHER THERAPIES.
8.5.1. Overview
8.5.2. Other Therapies. Market Forecast and Analysis
9. IMPLANTABLE VENTRICULAR ASSIST DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Implantable Ventricular Assist Devices Market Overview
9.1.2 North America Implantable Ventricular Assist Devices Market Forecasts and Analysis
9.1.3 North America Implantable Ventricular Assist Devices Market Forecasts and Analysis - By Product
9.1.4 North America Implantable Ventricular Assist Devices Market Forecasts and Analysis - By Application
9.1.5 North America Implantable Ventricular Assist Devices Market Forecasts and Analysis - By Countries
9.1.5.1 United States Implantable Ventricular Assist Devices Market
9.1.5.1.1 United States Implantable Ventricular Assist Devices Market by Product
9.1.5.1.2 United States Implantable Ventricular Assist Devices Market by Application
9.1.5.2 Canada Implantable Ventricular Assist Devices Market
9.1.5.2.1 Canada Implantable Ventricular Assist Devices Market by Product
9.1.5.2.2 Canada Implantable Ventricular Assist Devices Market by Application
9.1.5.3 Mexico Implantable Ventricular Assist Devices Market
9.1.5.3.1 Mexico Implantable Ventricular Assist Devices Market by Product
9.1.5.3.2 Mexico Implantable Ventricular Assist Devices Market by Application
9.2. EUROPE
9.2.1 Europe Implantable Ventricular Assist Devices Market Overview
9.2.2 Europe Implantable Ventricular Assist Devices Market Forecasts and Analysis
9.2.3 Europe Implantable Ventricular Assist Devices Market Forecasts and Analysis - By Product
9.2.4 Europe Implantable Ventricular Assist Devices Market Forecasts and Analysis - By Application
9.2.5 Europe Implantable Ventricular Assist Devices Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Implantable Ventricular Assist Devices Market
9.2.5.1.1 Germany Implantable Ventricular Assist Devices Market by Product
9.2.5.1.2 Germany Implantable Ventricular Assist Devices Market by Application
9.2.5.2 France Implantable Ventricular Assist Devices Market
9.2.5.2.1 France Implantable Ventricular Assist Devices Market by Product
9.2.5.2.2 France Implantable Ventricular Assist Devices Market by Application
9.2.5.3 Italy Implantable Ventricular Assist Devices Market
9.2.5.3.1 Italy Implantable Ventricular Assist Devices Market by Product
9.2.5.3.2 Italy Implantable Ventricular Assist Devices Market by Application
9.2.5.4 Spain Implantable Ventricular Assist Devices Market
9.2.5.4.1 Spain Implantable Ventricular Assist Devices Market by Product
9.2.5.4.2 Spain Implantable Ventricular Assist Devices Market by Application
9.2.5.5 United Kingdom Implantable Ventricular Assist Devices Market
9.2.5.5.1 United Kingdom Implantable Ventricular Assist Devices Market by Product
9.2.5.5.2 United Kingdom Implantable Ventricular Assist Devices Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Implantable Ventricular Assist Devices Market Overview
9.3.2 Asia-Pacific Implantable Ventricular Assist Devices Market Forecasts and Analysis
9.3.3 Asia-Pacific Implantable Ventricular Assist Devices Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Implantable Ventricular Assist Devices Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Implantable Ventricular Assist Devices Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Implantable Ventricular Assist Devices Market
9.3.5.1.1 Australia Implantable Ventricular Assist Devices Market by Product
9.3.5.1.2 Australia Implantable Ventricular Assist Devices Market by Application
9.3.5.2 China Implantable Ventricular Assist Devices Market
9.3.5.2.1 China Implantable Ventricular Assist Devices Market by Product
9.3.5.2.2 China Implantable Ventricular Assist Devices Market by Application
9.3.5.3 India Implantable Ventricular Assist Devices Market
9.3.5.3.1 India Implantable Ventricular Assist Devices Market by Product
9.3.5.3.2 India Implantable Ventricular Assist Devices Market by Application
9.3.5.4 Japan Implantable Ventricular Assist Devices Market
9.3.5.4.1 Japan Implantable Ventricular Assist Devices Market by Product
9.3.5.4.2 Japan Implantable Ventricular Assist Devices Market by Application
9.3.5.5 South Korea Implantable Ventricular Assist Devices Market
9.3.5.5.1 South Korea Implantable Ventricular Assist Devices Market by Product
9.3.5.5.2 South Korea Implantable Ventricular Assist Devices Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Implantable Ventricular Assist Devices Market Overview
9.4.2 Middle East and Africa Implantable Ventricular Assist Devices Market Forecasts and Analysis
9.4.3 Middle East and Africa Implantable Ventricular Assist Devices Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Implantable Ventricular Assist Devices Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Implantable Ventricular Assist Devices Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Implantable Ventricular Assist Devices Market
9.4.5.1.1 South Africa Implantable Ventricular Assist Devices Market by Product
9.4.5.1.2 South Africa Implantable Ventricular Assist Devices Market by Application
9.4.5.2 Saudi Arabia Implantable Ventricular Assist Devices Market
9.4.5.2.1 Saudi Arabia Implantable Ventricular Assist Devices Market by Product
9.4.5.2.2 Saudi Arabia Implantable Ventricular Assist Devices Market by Application
9.4.5.3 U.A.E Implantable Ventricular Assist Devices Market
9.4.5.3.1 U.A.E Implantable Ventricular Assist Devices Market by Product
9.4.5.3.2 U.A.E Implantable Ventricular Assist Devices Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Implantable Ventricular Assist Devices Market Overview
9.5.2 South and Central America Implantable Ventricular Assist Devices Market Forecasts and Analysis
9.5.3 South and Central America Implantable Ventricular Assist Devices Market Forecasts and Analysis - By Product
9.5.4 South and Central America Implantable Ventricular Assist Devices Market Forecasts and Analysis - By Application
9.5.5 South and Central America Implantable Ventricular Assist Devices Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Implantable Ventricular Assist Devices Market
9.5.5.1.1 Brazil Implantable Ventricular Assist Devices Market by Product
9.5.5.1.2 Brazil Implantable Ventricular Assist Devices Market by Application
9.5.5.2 Argentina Implantable Ventricular Assist Devices Market
9.5.5.2.1 Argentina Implantable Ventricular Assist Devices Market by Product
9.5.5.2.2 Argentina Implantable Ventricular Assist Devices Market by Application
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL IMPLANTABLE VENTRICULAR ASSIST DEVICES MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Rest of the World
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. IMPLANTABLE VENTRICULAR ASSIST DEVICES MARKET, KEY COMPANY PROFILES
12.1. ABIOMED
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. BIVACOR INC.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. ABBOTT
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. MEDTRONIC
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. TERUMO EUROPE NV
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. BERLIN HEART GMBH
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. CALON CARDIO
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. JARVIK HEART INC.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. SYNCARDIA SYSTEMS LLC
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. MEDTRONIC
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. ABIOMED
2. BiVACOR Inc.
3. Abbott
4. Medtronic
5. Terumo Europe NV
6. Berlin Heart GmbH
7. Calon Cardio
8. Jarvik Heart Inc.
9. SynCardia Systems LLC
10. Medtronic
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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