Product ID: UCMIG35A2080
Ventricular Assist Device Market Size, Share, Growth Analysis, By Product(Left Ventricular Assist Device, Right Ventricular Assist Device), By Type(Pulsatile Flow, Continuous Flow), By Application(Bridge to Transplant (BTT), Bridge to Candidacy (BTC)), By End User(Hospitals & ASCs, Specialty Clinics & Others) - Industry Forecast 2024-2031
Report ID:
UCMIG35A2080 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Ventricular Assist Device Market Insights
Market Overview:
The size of the global ventricular assist device market was USD 1.12 billion in 2020 and is anticipated to increase from USD 1.23 billion in 2021 to USD 2.24 billion by 2028, at a CAGR of 8.9% during the period of 2021-2028. The impact of COVID-19 on a global scale has been unprecedented and staggering, with the ventricular assist device market experiencing a positive impact on demand across all regions during the pandemic. According to our analysis, the global market displayed an impressive growth rate of -9.19% in 2020, compared to the average year-on-year growth between 2017 and 2019. The sudden increase in CAGR can be attributed to the market's demand and growth, which is expected to return to pre-pandemic levels once the pandemic is over.
Ventricular Assist Device Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Ventricular Assist Device Market Report Snapshots
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