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Add to CartGlobal LVAD Market Growth, Share, Size, Trends and Forecast (2024 - 2030)
Segmented by Applications;
Bridge to transplant (BTT) therapy, Bridge to destination (BTD) therapy, Destination therapy and Bridge to recovery (BTR) therapy.Segmented by Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).Introduction
Global LVAD Market (USD Million), 2020 - 2030
| # | Global |
|---|---|
| 2020 | 69.4 |
| 2021 | 81.3 |
| 2022 | 93.9 |
| 2023 | 99.3 |
| 2024 | 101.9 |
| 2025 | 117.1 |
| 2026 | 123.3 |
| 2027 | 135.4 |
| 2028 | 140.6 |
| 2029 | 150.3 |
| 2030 | 171.9 |
In the year 2023, the Global LVAD Market was valued at USD 2,294.90 million. The size of this market is expected to increase to USD 4,886.07 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 11.4%.
Global LVAD Market Report Snapshot
| Parameters | Description |
|---|---|
| Market | Global LVAD Market |
| Study Period | 2020 - 2030 |
| Base Year (for LVAD Market Size Estimates) | 2023 |
| Study Scope |
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| Market Segmentation |
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| Geographical Coverage |
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| Company Coverage |
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| Premium Insights |
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Market Analysis
This report extensively covers different segments of Global LVAD Market and provides an in depth analysis (including revenue analysis for both historic and forecast periods) for all the market segments. In this report, the analysis for every market segment is substantiated with relevant data points and, insights that are generated from analysis of these data points (data trends and patterns).
Global LVAD Market Analysis
In this report, the Global LVAD Market has been segmented by Applications and Geography.
Global LVAD Market, Segmentation by Applications
The Global LVAD Market has been segmented by Applications into Bridge to transplant (BTT) therapy, Bridge to destination (BTD) therapy, Destination therapy and Bridge to recovery (BTR) therapy. The complete Global LVAD Market segmentation by Applications can be seen below:
- Global LVAD Market, By Applications
- Bridge to transplant (BTT) therapy
- Bridge to destination (BTD) therapy
- Destination therapy
- Bridge to recovery (BTR) therapy
This report provides market size in USD Million and Year on Year (YOY) growth analysis for all the Applicationss mentioned above for historic (2020 - 2023) and forecast (2024 - 2030) periods with 2023 considered as the base year.
The report also provides an analysis of why the market size of the various segments by Applications is increasing or decreasing with time along with the reasons for changes in the YOY growth with time. The automotive labels market, by type, is warning and safety labels, asset labels, branding, dome, and other labels. Entertainment robots market by product type robot toys, indoor robots, educational robots, robotic companion pets. The meditation market, by meditation type, is progressive relaxation/body scan meditation, mindfulness meditation, breath awareness meditation, spiritual meditation/ transcendental meditation, zen meditation, kundalini yoga, and metta meditation. The usb charger market, by charge type, is a wall charger, portable power banks/docking system/alarm clock. The paper dyes market is segmented by type as acidic, basic, and direct. The statin market, by type, is synthetic statins, natural statins. The polymer binder market is segmented by type, is vinyl acetate, acrylic, styrene acrylic, and latex. Data center structured cabling market, by cable type is category 5e, category 6, category 6a, category 7, others. The xylene market is segmented by type, as ortho-xylene, meta-xylene, para-xylene, and mixed xylene. The herbal medicinal products market, by type, is traditional chinese medicines, homeopathic medicines, aromatherapy medicines, ayurvedic medicines, and others. By the end-use, the paper and paperboard packaging market is segmented into food, beverage, healthcare, personal & homecare. By the end-use, the automated passenger counting system market is segmented into railways, roadways, airways. By the end-use, the cognitive security market is segmented into cognitive threat analytics, predictive maintenance, cross-investigation analytics. By the end-use, the virtual mobile infrastructure market is segmented into bfsi, it and telecommunication, healthcare, government. On the basis of end-use, the identity and access management market (iam) is segmented into bfsi, telecom and it, energy, oil and gas, education, public sector and utilities, healthcare, and manufacturing. The graphics processing units (gpu) database market, by end-use, is bfsi, retail and e-commerce, telecommunications and it, transportation and logistics, healthcare and pharmaceuticals, government and defense, others. The material handling robotics market, by end-use, is automotive, chemical, electrical and electronics, industrial machinery, food & beverage, and others. Pressure transmitter market segmentation by end-use flow, level, pressure. The infrastructure monitoring market is segmented by end-use, such as mining, aerospace & defense, civil infrastructure, energy.
Global LVAD Market, by Applications (USD Million), 2020 - 2030
| # | Bridge to transplant (BTT) therapy | Bridge to destination (BTD) therapy | Destination therapy | Bridge to recovery (BTR) therapy |
|---|---|---|---|---|
| 2020 | 81.7 | 101.6 | 83.4 | 74.7 |
| 2021 | 91.2 | 104.4 | 87.7 | 81.0 |
| 2022 | 106.3 | 110.9 | 92.7 | 95.7 |
| 2023 | 112.7 | 127.7 | 100.3 | 99.3 |
| 2024 | 132.2 | 149.0 | 108.5 | 113.4 |
| 2025 | 144.5 | 162.7 | 123.2 | 129.0 |
| 2026 | 159.1 | 184.1 | 131.8 | 138.9 |
| 2027 | 190.9 | 199.0 | 146.1 | 157.9 |
| 2028 | 193.8 | 238.7 | 155.5 | 162.1 |
| 2029 | 207.5 | 284.2 | 174.4 | 188.7 |
| 2030 | 234.6 | 316.4 | 187.9 | 211.4 |
Global LVAD Market, Segmentation by Geography
In this report, the Global LVAD Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global LVAD Market Share (%), by Geographical Region, 2023
| North America | Europe | Asia Pacific | Middle East & Africa | Latin America |
|---|---|---|---|---|
| 20 | 10 | 15 | 5 | 50 |
Find below the list of Countries covered in each of the aforementioned geographical regions:
North America - United States, Canada and Mexico
Latin America - Brazil, Argentina and Rest of Latin America
Europe - Germany, United Kingdom, France, Italy, Spain and Rest of Europe
Asia Pacific - Japan, China, India, Australia & New Zealand, South Korea, ASEAN (Association of South East Asian Nations) and Rest of Asia Pacific
Middle East & Africa - GCC Countries, Egypt, Israel, South Africa, Rest of Middle East & Africa
This report provides market size in USD Million and Year on Year (YOY) percentage growth analysis for the LVAD Market in all the Regions and Countries (specified above) for historic (2020 - 2023) and forecast (2024 - 2030) Periods with 2023 considered as the base year.
This report also provides an analysis of why the market size of LVAD in various regions and countries is increasing or decreasing with time along with the reasons for changes in the YOY growth with time.
Market Dynamics
This report provides an in depth analysis of various factors that impact the dynamics of Global LVAD Market. These factors include; Market Drivers, Restraints and Opportunities Analysis, Market Opportunity Mapping, PEST (Political, Economic, Social and Technological) Analysis and Porter's Five Forces Analysis.
Drivers, Restraints and Opportunity Analysis
- The growth of the Global LVAD Market is driven by; Rise in incidence of CVDs, Shortage of heart donors, Focus on unmet needs for advanced heart failure and Favorable reimbursement policies.
- The factors hindering the growth of Global LVAD Market will be discussed in detail in the full report.
- The new opportunities in Global LVAD Market will be discussed in detail in the full report.
- Rise in incidence of CVDs.
- Shortage of heart donors.
- Focus on unmet needs for advanced heart failure.
- Favorable reimbursement policies.
- Global LVAD Market Restraints will be discussed in detail in the full report.
- Global LVAD Market Opportunities will be discussed in detail in the full report.
Market Opportunity Map
This report provides market opportunity map for LVAD Market. The opportunity map (by market segments; Applications) is calculated based on current year market estimates, CAGR and collective revenue over the forecast period. Since, CAGR has been estimated considering all the factors impacting the market; starting from the company's presence, buyer behaviour, to government interference or support. The opportunity map inherently considers all the aforementioned factors impacting the market. The bubble size reflects the estimated opportunity for a particular segment or region, therefore, bigger the bubble size, larger the opportunity.
Global LVAD Market, Opportunity Map, By Region (2020 - 2030)
| North America | Europe | Asia Pacific | Middle East & Africa | Latin America |
|---|---|---|---|---|
| 20 | 10 | 15 | 5 | 50 |
PEST (Political, Economic, Social and Technological) Analysis
This report provides PEST analysis of LVAD Market. Various factors such as government interference in the market such as regulations (which include but are not limited to pricing and intellectual property policies) that might impact the market are analysed.
This report also provides an analysis of Economic factors affecting the market such as; purchasing power, which directly influences the market growth.
This report also provides an analysis of social factors such as social norms or cultural beliefs inhibiting or promoting the growth of the market
As part of PEST analysis, this report also provides analysis of the impact of Technological factors on growth or decline of a market.
- In depth analysis and insights about the impact of political factors on this market will be provided in the final report.
- In depth analysis and insights about the impact of economic factors on this market will be provided in the final report.
- In depth analysis and insights about the impact of social factors on this market will be provided in the final report.
- In depth analysis and insights about the impact of technological factors on this market will be provided in the final report.
Porter's Five Force Analysis
This report provides Porter's Five Forces analysis of Global LVAD Market, which include; Bargaining Power of Suppliers, Bargaining Power of Buyers, Threat of New Entrants, Threat of Substitutes and Competitive Rivalry.
Bargaining Power of Suppliers:
Various factors such as; Supplier Switching Costs Relative to Firm Switching Costs, Supplier Competition and Possibility of Forward Integration, Presence of Substitute Inputs, Strength of Distribution Channels, and Supplier Concentration to Firm Concentration Ratio would be analysed to estimate bargaining power of suppliers in the Global LVAD Market. Bargaining power of suppliers will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Bargaining Power of Suppliers
| Supplier Switching Costs Relative To Firm Switching Costs | Strength of Distribution Channels | Supplier Concentration to firm Concentration Ratio | Presence of Substitute Inputs | Supplier Competition and Possibly of Forward Integration |
|---|---|---|---|---|
| 20 | 10 | 15 | 5 | 50 |
Bargaining Power of Buyers:
Various factors such as; Buyer Concentration to Firm Concentration Ratio, Buyer Switching Costs, Availability of Existing Substitute Products, Buyer Price Sensitivity, and Degree of Dependency upon Existing Channels of Distribution would be analysed to estimate bargaining power of buyers in the Global LVAD Market. Bargaining power of buyers will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Bargaining Power of Buyers
| Buyer Competition to Firm Concentration Ratio | Buyer Switching Costs | Availability of existing Substitute Products | Buyer Price Sensitivity | Degree of Dependency upon Existing Channels of Distribution |
|---|---|---|---|---|
| 10 | 15 | 25 | 45 | 32 |
Threat of Substitutes:
Various factors such as; Availability of Substitutes, Number of Available Substitutes, Price of Substitute Products, Buyer Switching Costs, and Buyer Propensity to Substitute would be analysed to estimate threat of substitutes in the Global LVAD Market. Threat of substitutes will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Threat of Substitutes:
| Availability of Substitutes | Number of Available Substitutes | Price of Substitute Products | Buyer Switching Costs | Buyer Propensity to Substitute |
|---|---|---|---|---|
| 20 | 35 | 10 | 2 | 5 |
Threat of New Entrants:
Various factors such as; Barriers to Entry, Economies of Scale, Product Differentiation, Customer Loyalty, Network Effect, and Access to Distribution Channels would be analysed to estimate threat of new entrants in the Global LVAD Market. Threat of new entrants will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Threat of New Entrants:
| Barriers to entry | Economics of scale | Product Differentiation | Customer Loyalty | Network Effect | Access to Ditribution Channels |
|---|---|---|---|---|---|
| 2 | 35 | 25 | 10 | 15 | 55 |
Competitive Rivalry:
Various factors such as; Firm concentration Ratio, Level of Advertising Expense, Sustainable Competitive Advantage through Innovation, Competitive Strategy and Degree of Transparency would be analysed to estimate competitive rivalry in the Global LVAD Market. Competitive rivalry will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Industry Rivalry:
| Firm Concentration Ratio | Level of Advertising Expense | Sustainable Competitive Adavantage through Innovation | Degree of Transparency | Competitive strategy |
|---|---|---|---|---|
| 5 | 10 | 15 | 35 | 45 |
Competitive Landscape Analysis
Key players in Global LVAD Market include, Abiomed, HeartWare and St. Jude Medical.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
Company SWOT Analysis
This report also provides Heat map analysis of Products/Services Offered by different companies operating in this market.
Competitors Products/Services Heat Map Analysis
| Company Vs. Product/Service | Company 1 | Company 2 | Company 3 | Company 4 | Company 5 | Company 6 | Company 7 | Company 8 | Company 9 | Company 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Product 1/Service 1 | ||||||||||
| Product 2/Service 2 | ||||||||||
| Product 3/Service 3 | ||||||||||
| Product 4/Service 4 | ||||||||||
| Product 5/Service 5 | ||||||||||
| Product 6/Service 6 | ||||||||||
| Product 7/Service 7 | ||||||||||
| Product 8/Service 8 |
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Applications
- Market Snapshot, By Region
- Market Opportunity Map
- Global LVAD Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Rise in incidence of CVDs
- Shortage of heart donors
- Focus on unmet needs for advanced heart failure
- Favorable reimbursement policies
- Restraints
- Opportunities
- Drivers
- Regulatory Scenario
- Reimbursement Scenario
- Mergers & Acquisitions, Collaborations & Partnerships, Agreements
- Pipeline Analysis/Technological Advancements
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bragaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Industry Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global LVAD Market, By Applications, 2022 - 2032 (USD Million)
- Introduction
- Market Share Analysis, 2024 and 2030 (%)
- Y-o-Y Growth Analysis, 2021 - 2030
- Segment Trends
- Bridge to transplant (BTT) therapy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Bridge to destination (BTD) therapy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Destination therapy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Bridge to recovery (BTR) therapy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Bridge to transplant (BTT) therapy
- Global LVAD Market, By Geography, 2022 - 2032 (USD Million)
- Introduction
- Market Share Analysis, 2024 and 2030 (%)
- Y-o-Y Growth Analysis, 2021 - 2030
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Applications, 2020 - 2030 (USD Million)
- United States
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Applications, 2020 - 2030 (USD Million)
- Canada
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Applications, 2020 - 2030 (USD Million)
- United States
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Applications, 2020 - 2030 (USD Million)
- Germany
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Applications, 2020 - 2030 (USD Million)
- United Kingdom
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Applications, 2020 - 2030 (USD Million)
- France
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Applications, 2020 - 2030 (USD Million)
- Italy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Applications, 2020 - 2030 (USD Million)
- Spain
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Applications, 2020 - 2030 (USD Million)
- Rest of Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Applications, 2020 - 2030 (USD Million)
- Germany
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Applications, 2020 - 2030 (USD Million)
- Japan
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Applications, 2020 - 2030 (USD Million)
- China
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Applications, 2020 - 2030 (USD Million)
- India
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Applications, 2020 - 2030 (USD Million)
- Australia & New Zealand
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Applications, 2020 - 2030 (USD Million)
- South Korea
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Applications, 2020 - 2030 (USD Million)
- ASEAN (Association of South East Asian Countries)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Applications, 2020 - 2030 (USD Million)
- Rest of Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Applications, 2020 - 2030 (USD Million)
- Japan
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Applications, 2020 - 2030 (USD Million)
- Brazil
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Applications, 2020 - 2030 (USD Million)
- Mexico
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Applications, 2020 - 2030 (USD Million)
- Argentina
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Applications, 2020 - 2030 (USD Million)
- Rest of Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Applications, 2020 - 2030 (USD Million)
- Brazil
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Applications, 2020 - 2030 (USD Million)
- GCC
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Applications, 2020 - 2030 (USD Million)
- Israel
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Applications, 2020 - 2030 (USD Million)
- South Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Applications, 2020 - 2030 (USD Million)
- Rest of Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Applications, 2020 - 2030 (USD Million)
- GCC
- North America
- Global LVAD Market, By Applications, 2022 - 2032 (USD Million)
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Abiomed
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- HeartWare
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- St. Jude Medical
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Abiomed
- Analyst Views
- Future Outlook of the Market
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