[Research Report] The left ventricular assist device market was expected to reach US$ 1,272.08 million in 2021 & it is expected to grow at a CAGR of 5.1% from 2022 to 2028.
Left ventricular assist device helps the left ventricle of the heart in pumping blood to the rest of the body. It is also known as a mechanical circulatory support device that helps in maintaining proper blood circulation within the body. The increase in prevalence of cardiovascular disorders and heart failure along with a significant rise in the geriatric and obese population drives the growth of the left ventricular assist device market. However, growing product recalls and complications associated with left ventricular assist devices hamper the market growth.
The report offers insights and in-depth analysis of the left ventricular assist device market, emphasizing various parameters such as market trends, technological advancements, market dynamics, and competitive landscape analysis of global leading market players. It also includes the impact of the COVID-19 pandemic on the market across all regions. Due to the COVID-19 pandemic, many health authorities focused on pandemic-related care. They avoided human contact due to growing transmission and strain on healthcare resources by postponing elective surgeries, suspending outpatient clinics, and triaging employees involved in urgent care. Furthermore, many countries imposed restrictions on nonclinical staff access to the facility and guests. Moreover, there was an increase in the prevalence of cardiovascular conditions among COVID-19 patients, which further created the demand for left ventricular assist devices, which resulted in market growth. Recent COVID-19 guidelines for healthcare professionals suggested a focus on urgent care and triaging cases to postpone elective surgeries and clinic appointments, with a transition to virtual-based care when appropriate.
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Left Ventricular Assist Device Market: Strategic Insights
Market Size Value in US$ 1,272.08 Million in 2021 Market Size Value by US$ 1,806.19 Million by 2028 Growth rate CAGR of 5.1% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2021
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Left Ventricular Assist Device Market: Strategic Insights
| Market Size Value in | US$ 1,272.08 Million in 2021 |
| Market Size Value by | US$ 1,806.19 Million by 2028 |
| Growth rate | CAGR of 5.1% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
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Moreover, manufacturing companies of many left ventricular assist devices are responding to emergencies through various strategies such as manufacturing PPEs for healthcare workers, distributing pharmaceutical drugs, and other activities. Further, in November 2020, Medtronic and the Medtronic foundation committed the financial support of US$ 3.8 million on a global level to provide healthcare worker support in terms of food, operational support, mental health support, PPE kits, and others. Thus, the pandemic had a short-term negative impact on the left ventricular assist device market.
The left ventricular assist device market is segmented on the basis of type of flow, design, application, and geography. By region, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America.
Market Insights
Increasing Incidence of Target Diseases and Procedures
According to the World Health Organization (WHO), cardiovascular disease (CVD) is one of the leading causes of death across the world. A few main contributors that are increasing the prevalence of CVD and stroke are family history, ethnicity, and age. The prevalence of CVD is also growing due to tobacco use; high blood pressure (hypertension); high cholesterol; exercise lack; unhealthy diet; excessive alcohol consumption; and diseases such as dyslipidemia, obesity, and diabetes. As per the American Heart Association, ~41.4% of adults in the US will have hypertension by 2030 (an 8.4% increase from 2012). The organization also estimates that the global cost burden of CVD will reach US$ 1,044 billion by 2030, which was US$ 863 billion in 2010. Moreover, according to the WHO estimates, deaths due to CVD across the world will rise from ~17.9 million in 2016 to 23.6 million by 2030. Emory Healthcare report states that the US recorded ~5 million cases of congestive failure in 2022, and ~550,000 new cases were diagnosed every year in the country. Also, the country reports ~287,000 deaths due to heart failure every year.
As per Temple Health, 70.9% of patients received heart transplants within a year, and the shortest waitlist average was 55.2% in the US in 2021. The increasing the heart transplant waiting list globally has propelled the use of left ventricular assist devices (LVADs) for end-stage heart failure patients to increase the ejection fraction and prevent organ failure. Therefore, the rising prevalence of CVD and heart failure and the long waiting list for a heart transplant propel the adoption of LVADs, which drives the growth of the left ventricular assist devices market.
Type of Flow-Based Insights
Based on type of flow, the global left ventricular assist device market is segmented into pulsatile and non-pulsatile. In 2021, the non-pulsatile segment accounted for a larger market share, and it is further expected to register a higher CAGR in the market during 2022–2028.
Design-Based Insights
Based on design, the left ventricular assist device market is bifurcated into implantable ventricular assist devices and transcutaneous ventricular assist devices. The implantable ventricular assist devices segment held a larger market share in 2021 and is anticipated to register a higher CAGR during the forecast period.
Application-Based Insights
Based on application, the left ventricular assist device market is segmented into destination therapy, bridge-to-transplantation, bridge-to-candidacy, and bridge-to-recovery. The destination therapy segment held the largest market share in 2021 and is anticipated to register the highest CAGR during the forecast period.
The left ventricular assist device market players adopt organic strategies such as product launches, product approvals, and expansion to expand their footprint and product portfolio worldwide and meet the growing demand. In June 2020, Abiomed announced the US Food and Drug Administration (FDA) approval for its investigational device exemption application for starting an early feasibility study with a first-in-human trial for the Impella ECP heart pump.
Geography-Based Insights
By geography, the left ventricular assist device market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, the UK, Spain, Italy, and the Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and the Rest of APAC), the Middle East & Africa (Saudi Arabia, the UAE, South Africa, and the Rest of the MEA), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).
Left Ventricular Assist Device Market Report Scope
Company-Based Insights
ABIOMED Inc, Abbott Laboratories, Medtronic Plc, LivaNova Plc, Jarvik Heart Inc, Terumo Corp, Berlin Heart GmbH, BiVACOR Inc, Evaheart Inc, and BioVentrix Inc. are among the leading companies operating in the left ventricular assist device market.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type of Flow, Design, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, UAE, UK, US
Frequently Asked Questions
Increasing incidence of target diseases and procedures and growing geriatric population are the most significant factors responsible for the overall market growth.
Based on type of flow segment, the non-pulsatile segment took the forefront leaders in the worldwide market by accounting largest share in 2021 and is expected to continue to do so till the forecast period.
Based on the application, destination therapy segment took the forefront leaders in the worldwide market by accounting largest share in 2021.
Implantable ventricular assist device segment dominated the global left ventricular assist device market and accounted for the largest market share during the forecast period of 2022-2028.
Left ventricular assist device is a mechanical pump implanted in heart failure. This device helps the left ventricle of the heart in pumping blood to the rest of the body. It is also known as a mechanical circulatory support device that helps in maintaining proper blood circulation within the body.
Global left ventricular assist device market is segmented by region into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. In North America, the U.S. is the largest market for left ventricular assist device market. According to the Centers for Disease Control and Prevention (CDC), ~6.2 million adults in the US suffer from heart failure, and it was the cause of death of ~697,000 people in 2018. According to the data provided by the American Heart Association Inc., ~1 million new heart failure cases are registered annually in the US, and more than 8 million people are estimated to suffer from heart failure by 2030. According to the Health Research Funding Organization, ~555,000 people were diagnosed with the beginning stages of heart failure in the US in 2021, and ~300,000 patients in the US qualify for a left ventricular assist device (LVAD) because of their terminal heart conditions. Cardiovascular diseases (CVDs) generally lead to heart failure or terminal heart disease, which bolsters the demand for LVADs that ensure proper heart functioning. Such aforementioned facto acts as a standalone factor responsible for the overall market growth of left ventricular assist device in the US during the forecast period of 2022-2028.
ABIOMED Inc, Abbott Laboratories, Medtronic Plc, LivaNova Plc, Jarvik Heart Inc, Terumo Corp, Berlin Heart GmbH, BiVACOR Inc, Evaheart Inc, and BioVentrix Inc, and among others are among the leading companies operating in the left ventricular assist device market.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Left Ventricular Assist Device Market – By Type of Flow
1.3.2 Global Left Ventricular Assist Device Market – By Design
1.3.3 Global Left Ventricular Assist Device Market – By Application
1.3.4 Global Left Ventricular Assist Device Market – By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Left Ventricular Assist Device Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 Asia Pacific PEST Analysis
4.2.4 Middle East & Africa PEST Analysis
4.2.5 South & Central America PEST Analysis
4.3 Experts Opinion
5. Left Ventricular Assist Device Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Incidence of Target Diseases and Procedures
5.1.2 Growing Geriatric Population
5.2 Market Restraints
5.2.1 Increase in Product Recalls and Complications Associated with Left Ventricular Assist Devices
5.3 Market Opportunities
5.3.1 Untapped Potential of Emerging Economies
5.4 Future Trends
5.4.1 Increased Use of Artificial Intelligence and Machine Learning in LVAD
5.5 Impact Analysis
6. Left Ventricular Assist Device Market – Global Analysis
6.1 Global Left Ventricular Assist Device Market Revenue Forecast & Analysis
6.1.1 Global Left Ventricular Assist Device Market Revenue Forecast & Analysis
6.1.2 Global Left Ventricular Assist Device Market – Market Potential Analysis, By Region
6.2 Market Positioning Analysis of Key Players in Left Ventricular Assist Device Market
6.2.1 Company Analysis
6.2.2 Performance of Key Players
6.2.2.1 ABIOMED Inc.
6.2.2.2 Abbott Laboratories
7. Left Ventricular Assist Device Market Analysis – By Type of Flow
7.1 Overview
7.2 Global Left Ventricular Assist Device Market, By Type of Flow 2021 & 2028 (%)
7.3 Pulsatile Flow
7.3.1 Overview
7.3.2 Pulsatile Market Revenue and Forecast to 2028 (US$ Million)
7.4 Non-Pulsatile
7.4.1 Overview
7.4.2 Non-Pulsatile Market Revenue and Forecast to 2028 (US$ Million)
8. Left Ventricular Assist Device Market Analysis – By Design
8.1 Overview
8.2 Global Left Ventricular Assist Device Market, By Design 2021 & 2028 (%)
8.3 Implantable Ventricular Assist Devices
8.3.1 Overview
8.3.2 Implantable Ventricular Assist Devices Market Revenue and Forecast to 2028 (US$ Million)
8.4 Transcutaneous Ventricular Assist Devices
8.4.1 Overview
8.4.2 Transcutaneous Ventricular Assist Devices Market Revenue and Forecast to 2028 (US$ Million)
9. Left Ventricular Assist Device Market – By Application
9.1 Overview
9.2 Global Left Ventricular Assist Device Market, By Application 2021 & 2028 (%)
9.3 Bridge to Transplantation
9.3.1 Overview
9.3.2 Bridge to Transplantation Market Revenue and Forecast to 2028 (US$ Million)
9.4 Destination Therapy
9.4.1 Overview
9.4.2 Destination Therapy Market Revenue and Forecast to 2028 (US$ Million)
9.5 Bridge to Recovery
9.5.1 Overview
9.5.2 Bridge to Recovery Market Revenue and Forecast to 2028 (US$ Million)
9.6 Bridge to Candidacy
9.6.1 Overview
9.6.2 Bridge to Candidacy Market Revenue and Forecast to 2028 (US$ Million)
10. Left Ventricular Assist Device Market Revenue and Forecasts to 2028 – Geographical Analysis
10.1 North America: Left Ventricular Assist Device Market
10.1.1 Overview
10.1.2 North America: Left Ventricular Assist Device Market Revenue and Forecast to 2028 (US$ Million)
10.1.3 North America: Left Ventricular Assist Device Market, by Type of Flow, 2019-2028 (US$ Million)
10.1.4 North America: Left Ventricular Assist Device Market, by Design, 2019-2028 (US$ Million)
10.1.5 North America: Left Ventricular Assist Device Market, by Application, 2019-2028 (US$ Million)
10.1.6 North America: Left Ventricular Assist Device Market, by Country, 2021 & 2028 (%)
10.1.6.1 US: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.1.6.1.1 Overview
10.1.6.1.2 US: Left Ventricular Assist Device Market Revenue and Forecast to 2028 (US$ Million)
10.1.6.1.3 US: Left Ventricular Assist Device Market, by Type of Flow, 2019-2028 (US$ Million)
10.1.6.1.4 US: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.1.6.1.5 US: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.1.6.2 Canada: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.1.6.2.1 Overview
10.1.6.2.2 Canada: Left Ventricular Assist Device Market Revenue and Forecast to 2028 (US$ Million)
10.1.6.2.3 Canada: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.1.6.2.4 Canada: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.1.6.2.5 Canada: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.1.6.3 Mexico: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.1.6.3.1 Overview
10.1.6.3.2 Mexico: Left Ventricular Assist Device Market Revenue and Forecast to 2028 (US$ Million)
10.1.6.3.3 Mexico: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.1.6.3.4 Mexico: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.1.6.3.5 Mexico: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.2 Europe: Left Ventricular Assist Device Market
10.2.1 Overview
10.2.2 Europe: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.2.3 Europe: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.2.4 Europe: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.2.5 Europe: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.2.6 Europe: Left Ventricular Assist Device Market, by Country, 2021 & 2028 (%)
10.2.6.1 UK: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.1.1 Overview
10.2.6.1.2 UK: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.1.3 UK: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.2.6.1.4 UK: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.2.6.1.5 UK: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.2.6.2 Germany: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.2.1 Overview
10.2.6.2.2 Germany: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.2.3 Germany: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.2.6.2.4 Germany: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.2.6.2.5 Germany: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.2.6.3 France: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.3.1 Overview
10.2.6.3.2 France: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.3.3 France: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.2.6.3.4 France: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.2.6.3.5 France: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.2.6.4 Italy: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.4.1 Overview
10.2.6.4.2 Italy: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.4.3 Italy: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.2.6.4.4 Italy: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.2.6.4.5 Italy: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.2.6.5 Spain: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.5.1 Overview
10.2.6.5.2 Spain: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.5.3 Spain: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.2.6.5.4 Spain: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.2.6.5.5 Spain: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.2.6.6 Rest of Europe: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.6.1 Overview
10.2.6.6.2 Rest of Europe: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.6.3 Rest of Europe: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.2.6.6.4 Rest of Europe: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.2.6.6.5 Rest of Europe: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.3 Asia Pacific: Left Ventricular Assist Device Market
10.3.1 Overview
10.3.2 Asia Pacific: Left Ventricular Assist Device Market - Revenue and Forecast to 2028 (US$ Million)
10.3.3 Asia Pacific: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.3.4 Asia Pacific: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.3.5 Asia Pacific: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.3.6 Asia Pacific: Left Ventricular Assist Device Market, by Country, 2021 & 2028 (%)
10.3.6.1 China: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (USD Million)
10.3.6.1.1 Overview
10.3.6.1.2 China: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.3.6.1.3 China: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.3.6.1.4 China: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.3.6.1.5 China Left Ventricular Assist Device Market, by Application, 2019–2028 (USD Million)
10.3.6.2 Japan: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.3.6.2.1 Overview
10.3.6.2.2 Japan: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.3.6.2.3 Japan: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.3.6.2.4 Japan: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.3.6.2.5 Japan: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.3.6.3 India: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (USD Million)
10.3.6.3.1 Overview
10.3.6.3.2 India: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.3.6.3.3 India: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.3.6.3.4 India: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.3.6.3.5 India: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.3.6.4 South Korea: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.3.6.4.1 Overview
10.3.6.4.2 South Korea: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.3.6.4.3 South Korea: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.3.6.4.4 South Korea: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.3.6.4.5 South Korea: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.3.6.5 Australia: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.3.6.5.1 Overview
10.3.6.5.2 Australia: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.3.6.5.3 Australia: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.3.6.5.4 Australia: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.3.6.5.5 Australia: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.3.6.6 Rest of Asia Pacific: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.3.6.6.1 Overview
10.3.6.6.2 Rest of Asia Pacific: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.3.6.6.3 Rest of Asia Pacific: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.3.6.6.4 Rest of Asia Pacific: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.3.6.6.5 Rest of Asia Pacific: Left Ventricular Assist Device Market, by Application, 2019–2028 (US$ Million)
10.4 Middle East & Africa Report Name Market
10.4.1 Overview
10.4.2 Middle East & Africa: Left Ventricular Assist Device Market - Revenue and Forecast to 2028 (US$ Million)
10.4.3 Middle East & Africa: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.4.4 Middle East & Africa: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.4.5 Middle East & Africa Left Ventricular Assist Device Market, by Application, 2019–2028 (USD Million)
10.4.6 Middle East & Africa: Left Ventricular Assist Device Market, by Country, 2021 & 2028 (%)
10.4.6.1 The UAE: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.4.6.1.1 Overview
10.4.6.1.2 UAE: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.4.6.1.3 UAE: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.4.6.1.4 UAE: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.4.6.1.5 UAE Left Ventricular Assist Device Market, by Application, 2019–2028 (USD Million)
10.4.6.2 Saudi Arabia: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.4.6.2.1 Overview
10.4.6.2.2 Saudi Arabia: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.4.6.2.3 Saudi Arabia: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.4.6.2.4 Saudi Arabia: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.4.6.2.5 Saudi Arabia Left Ventricular Assist Device Market, by Application, 2019–2028 (USD Million)
10.4.6.3 South Africa: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.4.6.3.1 Overview
10.4.6.3.2 South Africa: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.4.6.3.3 South Africa: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.4.6.3.4 South Africa: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.4.6.3.5 South Africa Left Ventricular Assist Device Market, by Application, 2019–2028 (USD Million)
10.4.6.4 Rest of Middle East & Africa: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.4.6.4.1 Overview
10.4.6.4.2 Rest of Middle East & Africa: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
10.4.6.4.3 Rest of Middle East & Africa: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
10.4.6.4.4 Rest of Middle East & Africa: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.4.6.4.5 Rest of Middle East & Africa Left Ventricular Assist Device Market, by Application, 2019–2028 (USD Million)
10.5 South and Central America Left Ventricular Assist Device Market
10.5.1 Overview
10.5.2 South and Central America Left Ventricular Assist Device Market Revenue and Forecast to 2028 (US$ Million)
10.5.3 South and Central America Left Ventricular Assist Device Market, By Type of Flow, 2019–2028 (US$ Million)
10.5.4 South and Central America Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.5.5 South and Central America Left Ventricular Assist Device Market, by Application, 2019-2028 (US$ Million)
10.5.6 South and Central America: Left Ventricular Assist Device Market, by Country, 2022 & 2028 (%)
10.5.6.1 Brazil: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (USD Million)
10.5.6.1.1 Overview
10.5.6.1.2 Brazil Left Ventricular Assist Device Market Revenue and Forecast to 2028 (US$ Million)
10.5.6.1.3 Brazil Left Ventricular Assist Device Market, By Type of Flow, 2019–2028 (US$ Million)
10.5.6.1.4 Brazil Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.5.6.1.5 Brazil: Left Ventricular Assist Device, By Application, 2019–2028 (US$ Million)
10.5.6.2 Argentina: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (USD Million)
10.5.6.2.1 Overview
10.5.6.2.2 Argentina Left Ventricular Assist Device Market Revenue and Forecast to 2028 (US$ Million)
10.5.6.2.3 Argentina: Left Ventricular Assist Device Market, By Type of Flow, 2019–2028 (US$ Million)
10.5.6.2.3.1 Argentina: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.5.6.2.4 Argentina: Left Ventricular Assist Device Market, By Application, 2019–2028 (US$ Million)
10.5.6.3 Rest of the South and Central America: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (USD Million)
10.5.6.3.1 Overview
10.5.6.3.2 Rest of the South and Central America Left Ventricular Assist Device Market Revenue and Forecast to 2028 (US$ Million)
10.5.6.3.3 Rest of South & Central America: Left Ventricular Assist Device Market, By Type of Flow, 2019–2028 (US$ Million)
10.5.6.3.4 Rest of South & Central America: Left Ventricular Assist Device Market, by Design, 2019–2028 (US$ Million)
10.5.6.3.5 Rest of South & Central America Left Ventricular Assist Device Market, By Application, 2019–2028 (US$ Million)
11. Impact Of COVID-19 Pandemic on Left Ventricular Assist Device Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
11.2 Europe: Impact Assessment of COVID-19 Pandemic
11.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.4 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
11.5 South and Central America: Impact Assessment of COVID-19 Pandemic
12. COMPANY PROFILES
12.1 ABIOMED Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Abbott Laboratories
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Medtronic Plc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 LivaNova Plc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Jarvik Heart Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Terumo Corp
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Berlin Heart GmbH
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 BiVACOR Inc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Evaheart Inc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 BioVentrix Inc
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America: Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. Europe: Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 14. Europe: Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe: Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 16. UK: Left Ventricular Assist Device Market, by Type of Flow, 2019–2028 (US$ Million)
Table 17. UK: Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 18. UK: Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 19. Germany: Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 20. Germany: Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 21. Germany: Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 22. France: Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 23. France: Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 24. France: Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy: Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 26. Italy: Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 27. Italy: Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 28. Spain: Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 29. Spain: Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 30. Spain: Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 31. Rest of Europe: Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 32. Rest of Europe: Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 33. Rest of Europe: Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 34. Asia Pacific Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 35. Asia Pacific Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 36. Asia Pacific Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 37. China Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 38. China Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 39. China Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 40. Japan Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 41. Japan Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 42. Japan Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 43. India Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 44. India Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 45. India Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 46. South Korea Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 47. South Korea Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 48. South Korea Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 49. Australia Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 50. Australia Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 51. Australia Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 52. Rest of Asia Pacific Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 53. Rest of Asia Pacific Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 54. Rest of Asia Pacific Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 55. Middle East & Africa Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 56. Middle East & Africa Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 57. Middle East & Africa Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 58. UAE Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 59. UAE Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 60. UAE Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 61. Saudi Arabia Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 62. Saudi Arabia Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 63. Saudi Arabia Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 64. South Africa Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 65. South Africa Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 66. South Africa Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 67. Rest of Middle East & Africa Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 68. Rest of Middle East & Africa Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 69. Rest of Middle East & Africa Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 70. South and Central America Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 71. South and Central America Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 72. South and Central America Left Ventricular Assist Device Market, by Application - Revenue and Forecasts to 2028 (US$ Million)
Table 73. Brazil Left Ventricular Assist Device Market, by Type of Flow- Revenue and Forecasts to 2028 (US$ Million)
Table 74. Brazil Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 75. Brazil: Left Ventricular Assist Device Market, by Application – Revenue and Forecasts to 2028(US$ Million)
Table 76. Argentina: Left Ventricular Assist Device Market, by Type of Flow - Revenue and Forecasts to 2028 (US$ Million)
Table 77. Argentina: Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 78. Argentina: Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 79. Rest of South & Central America: Left Ventricular Assist Device Market, by Type of Flow – Revenue and Forecast to 2028 (US$ Million)
Table 80. Rest of South & Central America: Left Ventricular Assist Device Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 81. Rest of South & Central America Left Ventricular Assist Device Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 82. Glossary of Terms
LIST OF FIGURES
Figure 1. Left Ventricular Assist Device Market Segmentation
Figure 2. Left Ventricular Assist Device Market, By Region
Figure 3. Global Left Ventricular Assist Device Market Overview
Figure 4. Implantable Ventricular Assist Device Held Largest Share for Design Segment in Left Ventricular Assist Device Market
Figure 5. Asia Pacific is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. Left Ventricular Assist Device Market, by Geography (US$ Million)
Figure 7. Global Left Ventricular Assist Device Market - Leading Country Markets (US$ Million)
Figure 8. North America: PEST Analysis
Figure 9. Europe: PEST Analysis
Figure 10. Asia Pacific: PEST Analysis
Figure 11. Middle East & Africa: PEST Analysis
Figure 12. South & Central America: PEST Analysis
Figure 13. Experts Opinion
Figure 14. Impact Analysis
Figure 15. Global Left Ventricular Assist Device Market – Revenue Forecast and Analysis – 2020- 2028
Figure 16. Global Left Ventricular Assist Device Market – Revenue Forecast & Analysis – 2022 - 2028
Figure 17. Global Left Ventricular Assist Device Market – Market Potential Analysis, By Region
Figure 18. Market Positioning Analysis of Key Players in Global Left Ventricular Assist Device Market
Figure 19. Global Left Ventricular Assist Device Market – Comparative Company Analysis
Figure 20. Global Left Ventricular Assist Device Market, by Type of Flow 2021 & 2028 (%)
Figure 21. Pulsatile Market Revenue and Forecasts to 2028 (US$ Million)
Figure 22. Non-Pulsatile Market Revenue and Forecasts to 2028 (US$ Million)
Figure 23. Global Left Ventricular Assist Device Market, by Design 2021 & 2028 (%)
Figure 24. Implantable Ventricular Assist Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 25. Transcutaneous Ventricular Assist Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 26. Global Left Ventricular Assist Device Market, by Application 2021 & 2028 (%)
Figure 27. Bridge to Transplantation Market Revenue and Forecasts to 2028 (US$ Million)
Figure 28. Destination Therapy Market Revenue and Forecasts to 2028 (US$ Million)
Figure 29. Bridge to Recovery Market Revenue and Forecasts to 2028 (US$ Million)
Figure 30. Bridge to Candidacy Market Revenue and Forecasts to 2028 (US$ Million)
Figure 31. North America: Left Ventricular Assist Device Market Revenue Overview, By Key Country – Revenue (2021) (US$ Million)
Figure 32. North America: Left Ventricular Assist Device Market Revenue and Forecast To 2028 (US$ Million)
Figure 33. North America: Left Ventricular Assist Device Market, By Country, 2021 & 2028 (%)
Figure 34. US: Left Ventricular Assist Device Market Revenue and Forecast To 2028 (US$ Million)
Figure 35. Canada: Left Ventricular Assist Device Market Revenue and Forecast To 2028 (US$ Million)
Figure 36. Mexico: Left Ventricular Assist Device Market Revenue and Forecast To 2028 (US$ Million)
Figure 37. Europe: Left Ventricular Assist Device Market, by Key Country – Revenue (2021) (US$ Million)
Figure 38. Europe: Left Ventricular Assist Device Market Revenue and Forecast to 2028 (US$ Million)
Figure 39. Europe: Left Ventricular Assist Device Market, by Country, 2021 & 2028 (%)
Figure 40. UK: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Germany: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. France: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Italy: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Spain: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. Rest of Europe: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. Asia Pacific: Left Ventricular Assist Device Market, by Key Country – Revenue (2021) (US$ Million)
Figure 47. Asia Pacific Left Ventricular Assist Device Market Revenue and Forecast to 2028 (USD Million)
Figure 48. China: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. Japan: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. India: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. South Korea: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. Australia: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. Rest of Asia Pacific: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. Middle East & Africa: Left Ventricular Assist Device Market, by Key Country – Revenue (2021) (US$ Million)
Figure 55. Middle East & Africa Left Ventricular Assist Device Market Revenue and Forecast to 2028 (USD Million)
Figure 56. UAE: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. Saudi Arabia: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. South Africa: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. Rest of Middle East & Africa: Left Ventricular Assist Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. South and Central America Left Ventricular Assist Device Market Revenue Overview, by Country, 2022 (US$ Million)
Figure 61. South and Central America Left Ventricular Assist Device Market Revenue and Forecast to 2028 (US$ Million)
Figure 62. South and Central America: Left Ventricular Assist Device Market, by Country, 2022 & 2028 (%)
Figure 63. Brazil: Left Ventricular Assist Device Market Revenue and Forecast to 2028 (US$ Million)
Figure 64. Argentina: Left Ventricular Assist Device Market Revenue and Forecast to 2028 (US$ Million)
Figure 65. Rest of the South and Central America: Left Ventricular Assist Device Market Revenue and Forecast to 2028 (US$ Million)
Figure 66. Impact of COVID-19 Pandemic on North American Country Markets
Figure 67. Impact of COVID-19 Pandemic in European Countries Markets
Figure 68. Impact of COVID-19 Pandemic in Asia-Pacific Country Markets
Figure 69. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 70. Impact of COVID-19 Pandemic in South and Central American Countries
The List of Companies - Left Ventricular Assist Device Market
- ABIOMED Inc
- Abbott Laboratories
- Medtronic Plc
- LivaNova Plc
- Jarvik Heart Inc
- Terumo Corp
- Berlin Heart GmbH
- BiVACOR Inc
- Evaheart Inc
- BioVentrix Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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