Ventricular Assist Devices Market

By Design;

Transcutaneous Ventricular Assist Devices and Implantable Ventricular Assist Devices

By Product;

Left Ventricular Assist Devices (LVADs), Right Ventricular Assist Devices (RVADs) and Biventricular Assist Devices (BIVADs)

By Application;

Bridge-To-Transplant (BTT), Destination Therapy, Bridge-To-Recovery (BTR) and Bridge To Candidacy Therapy

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn748415771 Published Date: September, 2025 Updated Date: October, 2025

Ventricular Assist Device Market Overview

Ventricular Assist Device Market (USD Million)

Ventricular Assist Device Market was valued at USD 2,829.10 million in the year 2024. The size of this market is expected to increase to USD 6,099.55 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 11.6%.


Ventricular Assist Devices Market

*Market size in USD million

CAGR 11.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)11.6 %
Market Size (2024)USD 2,829.10 Million
Market Size (2031)USD 6,099.55 Million
Market ConcentrationLow
Report Pages373
2,829.10
2024
6,099.55
2031

Major Players

  • Medtronic plc
  • Abbott Laboratories
  • Berlin Heart GmbH
  • Abiomed, Inc.
  • SynCardia Systems, LLC
  • Jarvik Heart, Inc.
  • ReliantHeart Inc.
  • Terumo Corporation
  • CardiacAssist, Inc.
  • Leviticus Cardio

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Ventricular Assist Devices Market

Fragmented - Highly competitive market without dominant players


The Ventricular Assist Device (VAD) Market is witnessing strong growth as demand for advanced heart failure treatments rises. With adoption increasing by over 20%, VADs have become essential in sustaining cardiac function and improving patient survival. Their role as a dependable circulatory support system underscores the market’s growing importance.

Technological Advancements

The rise of next-generation VADs has transformed adoption patterns, with over 45% of installations belonging to this advanced category. Featuring miniaturization, better power efficiency, and stronger durability, these systems offer reliable long-term support. Technological innovation remains a key growth driver in this segment.

Growing Preference for Minimally Invasive Procedures

The adoption of minimally invasive implantation techniques has risen sharply, now contributing to around 35% of total procedures. Patients gain from shorter recovery periods, improved outcomes, and reduced hospital stays. This preference for less complex methods highlights their role in expanding VAD utilization.

Expanding Patient Population Base

Advanced-stage patients are increasingly relying on VADs, with usage expanding by more than 25%. These devices provide essential temporary and long-term cardiac support, bridging critical treatment gaps. The expanding patient base underscores the importance of VADs in addressing unmet healthcare needs.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Design
    2. Market Snapshot, By Product
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Ventricular Assist Device Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing prevalence of heart failure
        2. Technological advancements in VADs
        3. Aging population
      2. Restraints
        1. High costs of VAD implantation
        2. Potential complications associated with VADs
        3. Regulatory challenges and reimbursement issues
      3. Opportunities
        1. Development of more efficient
        2. Expansion into emerging markets
        3. Integration of digital health solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Ventricular Assist Devices Market, By Design, 2021 - 2031 (USD Million)
      1. Transcutaneous Ventricular Assist Devices
      2. Implantable Ventricular Assist Devices
    2. Ventricular Assist Devices Market, By Product, 2021 - 2031 (USD Million)
      1. Left Ventricular Assist Devices (LVADs)
      2. Right Ventricular Assist Devices (RVADs)
      3. Biventricular Assist Devices (BIVADs)
    3. Ventricular Assist Devices Market, By Application, 2021 - 2031 (USD Million)
      1. Bridge-To-Transplant (BTT)
      2. Destination Therapy
      3. Bridge-To-Recovery (BTR)
      4. Bridge To Candidacy Therapy
    4. Ventricular Assist Device Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Medtronic plc
      2. Abbott Laboratories
      3. Berlin Heart GmbH
      4. Abiomed, Inc.
      5. SynCardia Systems, LLC
      6. Jarvik Heart, Inc.
      7. ReliantHeart Inc.
      8. Terumo Corporation
      9. CardiacAssist, Inc.
      10. Leviticus Cardio
  7. Analyst Views
  8. Future Outlook of the Market