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Global Ventricular Assist Devices Market 2016-2020

Global Ventricular Assist Devices Market 2016-2020

About VADs

VADs are of three types — LVADs, BiVADs, and RVADs — that are used to treat heart failure. VADs help the weakened heart to pump blood for circulation to other body organs. Surgeons implant these mechanical devices as a treatment option for severe heart conditions such as acute or chronic cardiac functional deterioration and heart failure.

Technavio’s analysts forecast the global ventricular assist devices (VADs) market to grow at a CAGR of 12.04% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global ventricular assist devices (VADs) market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of different VADs. They are left ventricular assist devices, biventricular assist devices, and right ventricular assist devices.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Ventricular Assist Devices (VADs) 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
  • St. Jude Medical
Other prominent vendors
  • CardiacAssist Technologies
  • CORWAVE
  • EVAHEART
  • Jarvik Heart
  • Leviticus Cardio
  • ReliantHeart
  • Sunshine Heart
  • Ventracor
Market driver
  • Favorable reimbursement scenario
  • For a full, detailed list, view our report
Market challenge
  • Availability of alternative treatments
  • For a full, detailed list, view our report
Market trend
  • Focus on evidence-based research
  • 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 Ventricular Assist Devices (VADs) Market 2016-2020

Technavio recognizes the following companies as the key players in the global ventricular assist devices (VADs) market: ABIOMED, Berlin Heart, HeartWare, and St. Jude Medical.

Other Prominent Vendors in the market are: CardiacAssist Technologies, CORWAVE, EVAHEART, Jarvik Heart, Leviticus Cardio, ReliantHeart, Sunshine Heart, and Ventracor.

Commenting on the report, an analyst from Technavio’s team said: “Focusing on evidence-based research will be a key trend for market growth. Vendors are collaborating with researchers, academics, and research institutes to obtain sufficient clinical evidence data for the approval and commercialization of their products. Vendors also initiate clinical trials and research activities of their pipeline products to obtain their efficacy and safety profile. For instance, Thoratec is enrolling people for the HeartMate III US clinical trial. In December 2014, the company enrolled 50 individuals under the HeartMate III CE Mark trial at 10 sites across Europe, Canada, and Australia. In August 2014, the company enrolled 50 individuals for its HeartMate PHP CE Mark trial at sites in Europe and South America.”

According to the report, one of the major key drivers for market growth will be to focus on unmet needs for advanced heart failure. The unmet medical needs of the market present significant opportunities for new and emerging vendors to launch new products and expand their businesses. Many available VADs can cause infections and bleeding, affecting the quality of life. This results in poor patient compliance and leads to low survival rates. In addition, these devices have been unsuccessful in significantly improving the treatment options for advanced heart failure. Vendors also need to develop devices that have prolonged duration of action.

Further, the report states that product recalls will be a major challenge for the market. Cardiac diseases are the leading cause of death worldwide. Various companies are developing medical devices that help treat these diseases. While developing, companies should emphasize on patient safety to avoid adverse effects. However, many clinical studies have failed to ascertain the complete safety and efficacy of various VADs. These high-risk medical devices can cause adverse events, which has and may lead to their recall from the market.

Companies Mentioned

ABIOMED, Berlin Heart, HeartWare, St. Jude Medical, CardiacAssist Technologies, CORWAVE, EVAHEART, Jarvik Heart, Leviticus Cardio, ReliantHeart, Sunshine Heart, Ventracor.

  • 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
      • Table Worldwide prevalence of heart failure 2015
      • Table VADs: Technological developments
  • Market landscape
    • Market overview
      • Table Global VADs market
      • Table Market scenario of LVADs, BiVADs, and RVADs
      • Table LVADs: Significant clinical outcomes
    • Market size and forecast
      • Table Global VADs market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Table Global VADs market segmentation by product 2015
    • Table Global VADs market segmentation by product 2020
    • Global LVADs market
      • Table Global LVADs market: An overview
      • Table Global LVADs market 2015-2020 ($ billions)
      • Table Global LVADs market: Metrics analysis
    • Global BiVADs market
      • Table Global BiVADs market: An overview
      • Table Global BiVADs market 2015-2020 ($ millions)
      • Table Global BiVADs market: Metrics analysis
    • Global RVADs market
      • Table Global RVADs market: An overview
      • Table Global RVADs market 2015-2020 ($ millions)
      • Table Global RVADs market: Metrics analysis
  • Market segmentation by application
    • Table Global VAD market segmentation by application 2015
    • BTT therapy
      • Table Overview of BTT therapy involving VADs
    • BTD therapy
      • Table Overview of BTD therapy involving VADs
    • Destination therapy
      • Table Overview of destination therapy involving VADs
    • BTR therapy
      • Table Overview of BTR therapy involving VADs
  • Market segmentation by end-user
    • Table Global VAD market segmentation by end-user 2015
    • ASCs
    • Hospitals
    • Physicians' offices
  • Geographical segmentation
    • Table Global VADs market segmentation by geography 2015 and 2020
    • Table Global VADs market segmentation by geography 2015-2020
    • Table Global VADs market segmentation by geography 2015-2020 ($ millions)
    • VADs market in Americas
      • Table VADs market in Americas: An overview
      • Table Hospital admission for congestive heart failure per 100,000 individuals in some countries in Americas 2008 and 2013
      • Table VADs market in Americas 2015-2020 ($ millions)
      • Table VADs market in Americas: Metrics analysis for various countries
      • Table VADs market in US: PEST analysis
      • Table Implements amended in ACA in US
      • Table Impact of ACO and ACA on VADs
    • VADs market in EMEA
      • Table VADs market in EMEA: An overview
      • Table Hospital admission for congestive heart failure per 100,000 individuals in few countries in EMEA 2008 and 2013
      • Table VADs market in EMEA 2015-2020 ($ millions)
      • Table VADs market in EMEA: Metrics analysis for various countries
      • Table VADs market in UK: PEST analysis
    • VADs market in APAC
      • Table VAD market in APAC
      • Table Hospital admission for congestive heart failure per 100,000 individuals in few countries in APAC 2008 and 2013
      • Table VADs market in APAC 2015-2020 ($ millions)
      • Table VADs market in APAC: Metrics analysis for various countries
      • Table VADs market in Japan: PEST analysis
  • Market drivers
    • Shortage of heart donors and high cost of heart transplantation
      • Table Estimated number of people in various countries awaiting heart transplantation 2014
    • Favorable reimbursement scenario
      • Table Estimated reimbursement cost in various countries
    • Outsourcing research studies on VADs to CROs
      • Table CROs that helped companies receive regulatory approval for VADs
    • Focus on unmet needs for advanced heart failure
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Availability of alternative treatments
    • Product recalls
      • Table Product recalls: VADs
    • Regulatory complications
      • Table VADs under investigational use
    • Complications associated with VADs
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Advances in technology
      • Table Advanced products and their market impact
    • Market strategies used by small companies for market penetration
      • Table Market strategies and their impact
    • Increase in M&A
      • Table Acquisitions by some companies
    • Focus on evidence-based research
  • Vendor landscape
    • Competitive scenario
      • Table Global VADs market: Competitive landscape analysis 2015
    • Market share analysis 2015
      • Table Global VADs market share analysis 2015
  • Major vendors
    • ABIOMED
      • Table ABIOMED: Metrics analysis
    • Berlin Heart
      • Table Berlin Heart: Metrics analysis
    • HeartWare
      • Table HeartWare: Metrics analysis
    • St. Jude Medical
      • Table St. Jude Medical: Metrics analysis
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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