Left Ventricular Assist Device (LVAD) Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The Global Left Ventricular Assist Device (LVAD) Market estimated at US$1.2 Billion in the year 2020, is projected to reach a revised size of US$2.2 Billion by 2028, growing at a CAGR of 9% over the forecast period 2022-2028.

A left ventricular assist device (LVAD) is a pump used in patients who have reached end-stage heart failure. A left ventricle assist device is a surgically implanted, battery-operated mechanical pump that helps the left ventricle pump blood into the rest of the blood. LVAD may be used as bridge-transplantation, targeted therapy, bridge-candidate therapy, and bridge-recovery therapy.

Market Segments

By Type

• Transcutaneous LVAD
• Implantable LVAD

By Age group

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

By Pump

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

By Application

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

Key Players

• Abbott Laboratories
• Abiomed, Inc.
• Berlin Heart GmbH
• CorWave SA
• Evaheart, Inc.
• Jarvik Heart, Inc.
• ReliantHeart, Inc.
• Sun Medical Technology Research Corp.
• Terumo Corporation
• Transonic Systems, Inc.

Scope of the Report

The research study analyzes the global Left Ventricular Assist Device (LVAD) industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Left Ventricular Assist Device (LVAD) Market Report

1. What was the Left Ventricular Assist Device (LVAD) Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Left Ventricular Assist Device (LVAD) Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Left Ventricular Assist Device (LVAD) Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.