This Left Ventricular Assist Device (LVAD) market report has been prepared by considering several fragments of the present and upcoming market scenario. The market insights gained through this market research analysis report facilitates more clear understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently. It consists of most-detailed market segmentation, thorough analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. The market insights covered in Left Ventricular Assist Device (LVAD) report simplifies managing marketing of goods and services effectively.
Data Bridge Market Research analyses that the market is growing with a CAGR of 9.6% in the forecast period of 2022 to 2029 and is expected to reach USD 1,957.56 million by 2029.
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Left Ventricular Assist Device (LVAD) Market Scope and Market Size
The left ventricular assist device (LVAD) market is segmented on the based on the product type, therapy, age group, indication, generation, durability, design, pulse type, end user and distribution channel. The growth among segments helps you analyses niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the left ventricular assist device (LVAD) market is segmented into heart pump, controller, batteries and wires. In 2022, heart pump segment is expected to dominate the market as it is one of the major component of left ventricular assist device and continuous technological advancements is expected to accelerate the market growth.
- On the basis of therapy, the left ventricular assist device (LVAD) market is segmented into bridge-to-transplant (BTT) therapy, destination therapy, bridge-to-candidacy (BTC) therapy, bridge-to-recovery (BTR) therapy. In 2022, bridge-to-transplant (BTT) therapy segment is expected to dominate the market as it provides circulatory support to patients eligible for transplant until a donor heart becomes available.
- On the basis of age group, the left ventricular assist device (LVAD) market is segmented into adult and pediatric. In 2022, adult segment is expected to dominate the market as heart failure mostly affects adults population lying in between the age of 55 years to 75 years.
- On the basis of indication, the left ventricular assist device (LVAD) market is segmented into congestive heart failure, congenital heart disease, myocarditis, cardiac arrest, familial arrhythmias and arrhythmic, cardiomyopathies, advanced heart failure and others. In 2022, congestive heart failure segment is expected to dominate the market as it is the most common heart failure across the world and leads to complete heart failure too, hence affected people provided with LVAD in order to prevent increasing incidence of mortality.
- On the basis of generation, the left ventricular assist device (LVAD) market is segmented into second generation devices, third generation devices and first generation devices. In 2022, second generation devices is expected to dominate the market as these smaller devices with easy implantation with low rates of driveline infections as compared to first generation devices.
- On the basis of durability, the left ventricular assist device (LVAD) market is segmented into long-term, intermediate-term and short-term. In 2022, long-term segment is expected to dominate the market as these devices have improved the care of patients awaiting heart transplantation and acts as an alternative therapy to prevent patients suffering from heart failure.
- On the basis of design, the left ventricular assist device (LVAD) market is segmented into axial and centrifugal. In 2022, axial segment is expected to dominate the market as these have been first approved in the market and still used by several manufacturers while designing LVAD. Moreover, it enhances the life status and improves quality of life especially in patients who survive the perioperative period. On the contrary centrifugal pumps are fastest growing in the market due to
- On the basis of pulse type, the left ventricular assist device (LVAD) market is segmented into nonpulsatile and pulsatile. In 2022, nonpulsatile segment is expected to dominate the market as these are continuous-flow LVAD pumps and confers cardiac functional benefits to patients suffering from end-stage heart failure in order to derive improved exercise capacity and are widely used for destination therapy and bridge-to-transplant therapy.
- On the basis of end user, the left ventricular assist device (LVAD) market is segmented into hospitals, specialty clinics, cardiac cath laboratories and others. In 2022, the hospitals segment is expected to dominate the market because of the surging pool of cardiovascular patients due to changing lifestyles and growing elderly population. Moreover, presence of trained healthcare professionals is also accelerating the market growth.
- On the basis of distribution channel, the global left ventricular assist device (LVAD) market is segmented into direct tender, retail sales and others. In 2022, the direct tender segment is expected to dominate the market as direct tender provides better quality of left ventricular devices at reduced cost in less time which boosts the demand for these products.
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Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Left Ventricular Assist Device (LVAD) Market Landscape
Part 04: Global Left Ventricular Assist Device (LVAD) Market Sizing
Part 05: Global Left Ventricular Assist Device (LVAD) Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Left Ventricular Assist Device (LVAD) Market
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