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Left Ventricular Assist Device (LVAD)Market Revenue, Demand, Share, Size Report 2026

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Left Ventricular Assist Device (LVAD)Market Revenue, Demand, Share, Size Report 2026

Changing lifestyle, rise in geriatric population, and technological advancements in the healthcare sector are some of the factors boosting Left ventricular assist device (LVAD) Market. 

Market Size – USD 1.06 Billion in 2018, Market Growth - CAGR of 11.3%, Market Trends –Technological advancements in the healthcare sector.

 The Global Left ventricular assist device (LVAD) Market is forecast to reach USD 2.32 Billion by 2026, according to a new report by Reports and Data.

Various factors drive the growth of the LVAD market. Change in lifestyle has been one of the essential elements that have resulted in boosting the growth of this sector. It is because of changing lifestyle, individuals are exposed to habits like smoking and alcohol consumption. It is because of association with these habits, individuals have become more prone to cardiovascular disease that has resulted in increased demand for LVAD.  With changing lifestyle, dietary habits of individuals are also changing, which is leading to an increased rate of obesity. Obesity is one of the underlying reason for cardiovascular diseases. Across the globe, more than 3 billion individuals are affected by obesity. With such a rise in the rate of obesity, there has been an increase in the demand for cardiovascular care, which in turn has resulted in promoting the LVAD market.   

In addition to that, developments in the healthcare sector have resulted in a rise in the geriatric population. This section of the population is highly prone to cardiovascular diseases, which has resulted in an increased demand for cardiovascular care. Such a rise in demand for cardiovascular care has a positive impact on the market growth of the industry. Apart from that, cardiovascular diseases require continuous support, and, an increase of such conditions have increased the burden on care providing organizations. To cope up with such an increased burden and to ensure a quality life for care users, LVAD has become an indispensable part of cardiac care. Each year, 18 million deaths occur across the globe due to cardiovascular diseases. Such high death rate associated with cardiovascular diseases have promoted increased investment in the healthcare sector to minimize the number of deaths related to the condition which also has a positive impact on the growth rate of the market.

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The report provides a complete analysis of the global Left Ventricular Assist Device (LVAD) market with important details about the key market players from insightful primary and secondary research data. The report also aims to benefit the user by providing constructive data to gain insight into the market growth, size, and investment approaches.

The key companies profiled in the market are:

Sunshine Heart, CorWave, Apaxis Inc., Sun Medical Technology Research, Evaheart, Abiomed, HeartWare International, Jarvik Heart, HeartWare International, Reliantheart, Transonic, Thoratec, Terumo.

Further key findings from the report suggest

  • The Left ventricular assist device (LVAD) market held a market share of USD 1.06 Billion in the year 2018 and is forecasted to witness a CAGR of 11.3% during the forecast period.
  • Changing lifestyle, rise in geriatric population, and increased investment in the healthcare sector are some of the factors that have resulted in boosting the growth of the market.
  • In context to type, Implantable LVAD can be seen to occupy the largest market share. In the year 2018, it generated a higher revenue of USD 0.64 Billion with a growth rate of 11.7% during the forecast period. The fact that cardiovascular conditions require continuous support and Implantable LVAD is useful in providing long term solutions have contributed to its market revenue.
  • Geriatric population is highly susceptible to cardiovascular diseases. In regards to Age group, 60-79 years segment can be seen to occupy the largest market share that generated USD 0.50 Billion in 2018 with a growth rate of 11.6% during the forecast period.
  • In context to Pump type, the highest revenue can be seen to be generated by Continuous Centrifugal Pumps segment that yielded USD 0.95 Billion in the year 2018 with the highest growth rate of 11.9%. The fact that this type of pump is associated with features like long durability, simple placement process through surgery and minimal risk of thrombosis as compared to other types of pump have resulted in this segment to generate the highest revenue.
  • In the application segment, Bridge-to-Recovery (BTR) Therapy can be seen to occupy the largest market share that generated the highest revenue of USD 0.35 Billion in 2018 with a CAGR of 12.1% during the forecast period. The rise in the occurrence rate of traumatic cardiac failure and the associated need for continuous cardiac support has resulted in this segment to dominate the market.
  • In the end-user segment, hospitals yielded the highest revenue of USD 0.64 Billion in 2018 with a CAGR of 11.5% during the forecast period. The requirement of providing care services to various health conditions that require cardiac support have resulted in this segment to dominate the market.  
  • North America holds the largest market share that generated the highest revenue of USD 35 Billion in 2018, with a CAGR of 11.7% during the forecast period. Factors like high occurrence rate of cardiovascular disease, availability of advanced technology, and rise in the geriatric population have contributed to the market share of this region.

Type Outlook (Revenue, USD Billion; 2016-2026)

  • Transcutaneous LVAD
  • Implantable LVAD

Age group Type Outlook (Revenue, USD Billion; 2016-2026)

  • 20-39 years
  • 40-59 years
  • 60-79 years

Pump type Outlook (Revenue, USD Billion; 2016-2026)

  • Pulsatile volume-displacement pumps
  • First-Generation Devices
  • Axial flow pumps
  • Second-Generation Devices
  • Continuous flow centrifugal pumps
  • Third-Generation Devices

Application Type Outlook (Revenue, USD Billion; 2016-2026)

  • Bridge-to-Recovery (BTR) Therapy
  • Bridge-to-Transplant (BTT) Therapy
  • Destination Therapy
  • Bridge-to-Candidacy (BTC) Therapy

End-user Outlook (Revenue, USD Billion; 2016-2026)

  • Cardiology Centers
  • Hospitals

Browse Complete Report “Left Ventricular Assist Device (LVAD) Market” @ https://www.reportsanddata.com/report-detail/left-ventricular-assist-device-lvad-market

The report further segments the market on the basis of key regions of the world and offers an assessment of the production and manufacturing capacity, import and export, production and consumption patterns, supply and demand ratio, and the presence of key players in each region. The Left Ventricular Assist Device (LVAD) market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

In-depth regional analysis covers:

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • U.K.
  • France
  • BENELUX
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • South Korea
  • Rest of APAC
  • Latin America
  • Brazil
  • Rest of LATAM
  • Middle East & Africa
  • Saudi Arabia
  • A.E.
  • Rest of MEA

The report includes primary and subjective research with a comprehensive study examined and validated by industry professionals and experts. The report further provides insights into the opportunities and threats that the industry may witness in the upcoming years, throughout the forecast period. The report also provides an insight into the growth in revenue along with CAGR throughout the forecast period. It also provides insights into lucrative opportunities to enable the businesses to capitalize on the emerging trends of the market.

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Highlights of the TOC:

  1. Report Overview

1.1 Research Scope

1.2 Key Left Ventricular Assist Device (LVAD) market segments

1.3 Major players

1.4 Market analysis by product

1.5 Market analysis by application

1.6 Report timeline

  1. Global Growth Trends

2.1 Global Left Ventricular Assist Device (LVAD) market size

2.2 Latest Left Ventricular Assist Device (LVAD) market trends

2.3 Key growth trends

  1. Competitive Landscape

3.1 Global Left Ventricular Assist Device (LVAD) market key players

3.2 Global Left Ventricular Assist Device (LVAD) size by manufacturers

3.3 Products of major players

3.4 Entry barriers in the Left Ventricular Assist Device (LVAD) market

3.5 Mergers, acquisitions, joint ventures, and strategic alliances

About Reports and Data                              

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Thank you for reading our report. For additional information on customization of the report, connect with us and we will make sure you get a report tailored to meet your needs.

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