Europe left ventricular assist device (LVAD) market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 9.2% in the forecast period of 2022 to 2029 and is expected to reach USD 540.47 million by 2029. Increasing technological advancements in the left ventricular assist device act as driver for the left ventricular assist device (LVAD) market growth.
· A left ventricular assist device (LVAD) is a mechanical pump implanted in patients with heart failure. It helps the left bottom chamber of the heart (left ventricle) pump blood out of the ventricle to the aorta and the rest of the body.
· It is used for patients who have reached end-stage heart failure. The LVAD is surgically implanted, a battery-operated, mechanical pump, which helps the left ventricle (main pumping chamber of the heart) pump blood to the rest of the body.
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Left Ventricular Assist Device (LVAD) Market Scope and Market Size
The left ventricular assist device (LVAD) market is segmented on basis of product type, therapy, age group, indication, generation, durability, design, pulse type, end user, and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Europe left ventricular assist device (LVAD) market is categorized into ten notable segments such as product type, therapy, age group, indication, generation, durability, design, pulse type, end user, and distribution channel.
On the basis of product type, the Europe left ventricular assist device (LVAD) market is segmented into heart pump, controller, batteries and wires. Batteries are further segmented into rechargeable and non-rechargeable. In 2022, the heart pump is expected to dominate the market as it performs the functions of the heart without replacing it and allows patients to live longer than those who are only treated with medical therapy.
Based on therapy, the Europe left ventricular assist device (LVAD) market is segmented bridge-to-transplant (BTT) therapy, destination therapy, bridge-to-candidacy (BTC) therapy, bridge-to-recovery (BTR) therapy. In 2022, the bridge-to-transplant (BTT) sector is anticipated to dominate the market because it helps patients wait for a transplant and prevents further damage to the heart and other organs until a donor is available.
· Based on age group, the Europe left ventricular assist device (LVAD) market is segmented into adult and pediatric. Adult is further segmented into 19-39 years, 40-59 years, 60-79 years, and above 80 years. In 2022, the adult-segment is expected to dominate the market since the majority of heart failure events occur in adults. The prevalence is 1-2% of the European population, rising to more than 10% among people over the age of 70. This could imply that more than 10 million people suffer from heart failure.
· Based on indication, the Europe left ventricular assist device (LVAD) market is segmented into congestive heart failure, congenital heart disease, myocarditis, cardiac arrest, familial arrhythymias and arrhythmic cardiomyopathies, advanced heart failure and others. In 2022, congestive heart failure is expected to dominate the market since it is the most common diagnosis in hospitalized patients over age 65. In Europe, more than 16 million people have been diagnosed with CHF.
· Based on generation, the Europe left ventricular assist device (LVAD) market is segmented into second generation devices, third generation devices, and first generation devices. In 2022, the market is dominated by second-generation rotary pumps, which have the advantage of a smaller design and the potential for greater long-term mechanical reliability by eliminating the reservoir chamber and valves required.
· Based on durability, the Europe left ventricular assist device (LVAD) market is segmented into long-term, intermediate-term, short-term. In 2022, the long-term segment is expected to dominate to lead the market due to the need to keep supporting the heart pumps for longer duration, which is boosting market growth.
· Based on design, the Europe left ventricular assist device (LVAD) market is segmented into axial and centrifugal. In 2022, axial segment is expected to dominate since it performs efficiently at high rotating speeds and its decreased preload.
· Based on pulse type, the Europe left ventricular assist device (LVAD) market is segmented into nonpulsatile and pulsatile. In 2022, nonpulsatile category segment is expected to dominate the market because LVADs are being used more frequently in destination therapy, any adverse effects of inadequate arterial pulsatility on peripheral structures might be greatly magnified with the long implantation periods associated with this type of therapy.
· Based on end user, the Europe left ventricular assist device (LVAD) market is segmented into hospitals, specialty clinics, cardiac cath laboratories and others. In 2022, the hospitals sector segment is expected to dominate due to a growing pool of cardiovascular patients as a result of changing lifestyles and an aging population. In 2020, there were over 19,000 hospitals in 23 European countries.
· Based on distribution channel, the Europe left ventricular assist device (LVAD) market is segmented into direct tender, retail sales and others. In 2022, the direct tender sector is expected to dominate because it provides accountability and higher quality products due to the competition, which increases demand for these items.
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Left Ventricular Assist Device (LVAD) Market Country Level Analysis
· The left ventricular assist device (LVAD) market is analyzed and market size information is provided by the country, ten notable segments such as product type, therapy, age group, indication, generation, durability, design, pulse type, end user, and distribution channel as referenced above.
· The countries covered in the Europe left ventricular assist device (LVAD) market report are the Germany, France, United Kingdom, Italy, Russia, Spain, Turkey, Netherlands, Switzerland, Belgium, Ireland, Rest of Europe.
Growing Strategic Activities by Major Market Players to Enhance the Awareness for Left ventricular assist device, is Boosting the Market Growth of Left Ventricular Assist Device (LVAD) Market
· The left ventricular assist device (LVAD) market also provides you with detailed market analysis for every country growth in particular market. Additionally, it provides the detail information regarding the market players’ strategy and their geographical presence. The data is available for historic period 2011 to 2020.
Competitive Landscape and Left Ventricular Assist Device (LVAD) Market Share Analysis
· Left ventricular assist device (LVAD) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to left ventricular assist device (LVAD) market.
The major companies which are dealing in the left ventricular assist device (LVAD) are
· ABIOMED,
· Abbott, Evaheart, Inc,
· Saft,
· Berlin Heart,
· CorWave SA,
· Jarvik Heart, Inc.
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MAJOR TOC OF THE REPORT
· INTRODUCTION
· MARKET SEGMENTATION
· EXECUTIVE SUMMARY
· PREMIUM INSIGHTS
· MARKET OVERVIEW
· QUESTIONNAIRE
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https://www.databridgemarketresearch.com/toc/?dbmr=europe-left-ventricular-assist-device-lvad-market
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