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Global LVAD Market 2016-2020

About the Left Ventricular Assist Device (LVAD) Market

LVADs supplement the pumping of blood by weak hearts. Surgeons implant this mechanical device as a treatment option for severe heart conditions such as acute or chronic deterioration of cardiac functions and heart failure. Surgeons also use the device for BTT, BTR, BTD, and destination therapies.

Technavio’s analysts forecast the global LVAD market to grow at a CAGR of 13.19% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global LVAD market for 2016-2020. To calculate the market size, we consider revenue generated from the sales of LVADs.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Left Ventricular Assist Device (LVAD) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Abiomed
  • Berlin Heart
  • HeartWare International
  • Jarvik Heart
  • St. Jude Medical
Other prominent vendors
  • Cardiac Assist
  • Evaheart
  • ReliantHeart
  • Sun Medical Technology Research
  • Sunshine Heart
Market driver
  • Shortage of heart donors
  • For a full, detailed list, view our report
Market challenge
  • Availability of alternative treatments
  • For a full, detailed list, view our report
Market trend
  • Increase in M&A
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Left Ventricular Assist Device (LVAD) Market 2016-2020

Technavio recognizes the following companies as the key players in the global left ventricular assist device (LVAD) market: Abiomed, Berlin Heart, HeartWare International, Jarvik Heart, and St. Jude Medical.

Other Prominent Vendors in the market are: Cardiac Assist, Evaheart, ReliantHeart, Sun Medical Technology Research, and Sunshine Heart.

Commenting on the report, an analyst from Technavio’s team said: “A trend that is sure to boost market growth is the increase in M&A. Vendors undergo M&A to extend their product offerings, increase their market share, and expand their operations. They acquire other companies to enhance their R&D capabilities for manufacturing innovative devices that can meet consumer needs. Acquisition of other companies allows vendors access to the product portfolio of the acquired company. M&A also helps new players enter the market. In 2013, Thoratec acquired the rights to Terumo Heart’s DuraHeart II ventricular assist system. In 2014, Thoratec acquired Apica Cardiovascular to expand its LVAD product portfolio. In October 2015, St. Jude Medical acquired Thoratec for about $3.3 billion. In September 2015, HeartWare International entered into a definitive agreement to acquire Valtech Cardio.”

According to the report, a key growth driver is the shortage of heart donors. CVDs can sometimes lead to severe heart failure. In such cases, it becomes mandatory for people to undergo heart transplantation. However, it is difficult to obtain heart transplants due to the shortage of heart donors. The number of people worldwide that require heart transplantations is rising with each passing year, but there has not been a corresponding rise in heart donors, which is leading to an increase in the average waiting time for heart transplantation. The average waiting time for heart transplantation in the US is 9-11 months. However, in most cases, it goes up to two years. In 2013, the Health Resources and Services Administration estimated that about 18 people die every day in the US due to a shortage of donor hearts.

Further, the report states that one challenge that could impact market growth is the availability of alternative treatments. The presence of alternative treatment options, such as heart transplantation, drug therapy, and TAHs to address acute heart failure and improve cardiac output, hinder the sales of LVADs.

Companies Mentioned

Abiomed, Berlin Heart, HeartWare International, Jarvik Heart, St. Jude Medical, Cardiac Assist, Evaheart, ReliantHeart, Sun Medical Technology Research, Sunshine Heart.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Ventricular assist devices: An overview
    • Table Market share of LVAD in ventriculat assist device in 2015
    • Table Market share of LVAD in ventriculat assist device in 2020
    • LVAD
      • Table Number of LVADS implanted 2006-2011
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Global LVADs market 2015-2020 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Table Segmentation of global LVADs market by application
    • Table Percentage of LVAD applications 2008-2012
    • Table Global LVADs market segmentation by application 2015
    • Table Global LVADs market segmentation by application 2020
    • Table Global destination therapy market 2015-2020 ($ millions)
    • Table Revenue of Global BTD therapy in LVAD market 2015-2020 ($ millions)
    • Table Revenue of Global BTT in LVAD market 2015-2020 ($ millions)
    • Table Revenue of Global BTR therapy in LVAD market 2015-2020 ($ millions)
    • Table Segmentation of Global LVADs market by application 2015-2020
    • Table Segmentation of Global LVADs market by application 2015-2020 ($ millions)
  • Cost analysis of LVAD implantation
    • Table Cost comparison of different procedures ($)
    • Table Cost and clinical outcome weightage of LVAD
    • Table Cost components associated with LVAD implantation
    • Table Cost breakdown of LVAD
    • Table Cost breakdown of heart transplantation
    • Table Cost breakdown for LVAD implantation
    • Table Cost breakdown for heart transplantation
  • Geographical segmentation
    • Table Global LVAD market segmentation by geography 2015
    • LVAD market in Americas
      • Table LVAD market in Americas 2015-2020 ($ millions)
    • LVAD market in EMEA
      • Table LVAD market in EMEA 2015-2020 ($ millions)
    • LVADs market in APAC
      • Table LVADs market in APAC 2015-2020 ($ millions)
      • Table Global LVAD market segmentation by geography 2015-2020 ($ millions)
      • Table Global LVAD market segmentation by geography 2015-2020
  • Market drivers
    • Rise in incidence of CVDs
    • Shortage of heart donors
    • Focus on unmet needs for advanced heart failure
    • Favorable reimbursement policies
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Availability of alternative treatments
    • Complications related to regulatory compliance
    • Product recalls
    • Complications associated with LVADs
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Advances in technology
    • Increase in M&A
    • Focus on evidence-based research
  • Vendor landscape
    • Competitive scenario
    • Market share analysis
      • Table Market share of major vendors in left ventricular assist device market in 2015
      • Table Top vendors in global LVAD market 2015
      • Table Product portfolio matrix
    • Key vendor analysis
      • Abiomed
        • Table Abiomed: Key takeaways
    • Berlin Heart
      • Table Berlin Heart: Product portfolio
      • Table Berlin Heart: Key takeaways
    • HeartWare International
      • Table HeartWare International: Key takeaways
    • Jarvik Heart
      • Table Jarvik Heart: Product portfolio
      • Table Jarvik Heart: Key takeaways
    • St. Jude Medical
      • Table St. Jude Medical: Key takeaways
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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