Market Outlook
The global Left Ventricular Assist Device (LVAD) market size was valued at USD 2512.9 million in 2022 and is forecast to a readjusted size of USD 6502 million by 2029 with a CAGR of 14.5% during review period.
A left ventricular assist device (LVAD) is a pump that we use for patients who have reached end-stage heart failure. AbioMed, Abbott (Thoratec), Medtronic (HeartWare), Berlin Heart, etc. are the leaders of the industry, with high-end customers.
This report is a detailed and comprehensive analysis for global Left Ventricular Assist Device (LVAD) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Left Ventricular Assist Device (LVAD) market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (USD/Unit), 2018-2029
Global Left Ventricular Assist Device (LVAD) market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (USD/Unit), 2018-2029
Global Left Ventricular Assist Device (LVAD) market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (USD/Unit), 2018-2029
Global Left Ventricular Assist Device (LVAD) market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (USD/Unit), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Left Ventricular Assist Device (LVAD)
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Left Ventricular Assist Device (LVAD) market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Key Market Players
AbioMed
Abbott (Thoratec)
Medtronic (HeartWare)
Berlin Heart
Jarvik Heart
Sun Medical Technology Research
ReliantHeart
Market Segment by Product Type
BTT Therapy
Destination Therapy (DT)
Segmentation By Type
BTT Therapy
Destination Therapy (DT)
Other
Segmentation By Application
Hospitals
Clinics
Segmentation By Region
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Market SWOT Analysis
What are the strengths of the LVAD market in 2025?
The LVAD market is driven by technological advancements, such as smaller, more efficient devices with improved durability and lower risk of complications. This provides better patient outcomes and increases demand.
What are the weaknesses of the LVAD market in 2025?
The high cost of LVAD implantation and maintenance remains a significant barrier for both patients and healthcare systems. Additionally, device-related complications like infections or blood clots still pose challenges.
What are the opportunities in the LVAD market in 2025?
Increasing global aging populations and the rising incidence of heart failure present significant growth opportunities. Innovations in miniaturization, wireless technology, and better patient monitoring systems also open new avenues for market expansion.
What are the threats to the LVAD market in 2025?
Economic constraints and regulatory hurdles could slow market adoption. Moreover, competition from alternative heart failure treatments, such as stem cell therapies or advanced medications, could impact market growth.
Market PESTEL Analysis
What are the political factors influencing the LVAD market in 2025?
Government regulations and healthcare policies regarding reimbursement, device approval, and medical insurance coverage directly impact the LVAD market. Political stability and support for healthcare innovation can also shape market growth.
How do economic factors affect the LVAD market in 2025?
The high cost of LVADs can be a barrier for adoption, particularly in lower-income regions. Economic downturns or tight healthcare budgets can limit access, while strong economies can enhance investment in advanced healthcare technologies.
What social factors are relevant to the LVAD market in 2025?
An aging population and the increasing prevalence of heart disease are key drivers of demand. Social attitudes towards advanced healthcare and willingness to adopt complex devices also influence market growth, especially in terms of patient acceptance.
What technological factors affect the LVAD market in 2025?
Advancements in technology, such as smaller, more efficient, and long-lasting LVADs, are critical for market development. Innovations like wireless connectivity, remote monitoring, and AI-assisted diagnostics improve both the functionality and patient outcomes of these devices.
What environmental factors impact the LVAD market in 2025?
The environmental footprint of manufacturing and disposing of LVADs is a growing concern, with emphasis on sustainable production practices. Additionally, medical waste regulations and environmental consciousness could drive the industry toward greener solutions.
What legal factors are important for the LVAD market in 2025?
Compliance with medical device regulations, such as FDA approval and international standards, is crucial. Legal concerns surrounding liability, patent laws, and product safety are significant and could affect market dynamics and innovation.
Market SIPOC Analysis
Who are the suppliers in the LVAD market in 2025?
The suppliers include medical device manufacturers, component suppliers (such as those providing pumps, batteries, and sensors), and pharmaceutical companies involved in anticoagulant therapies for LVAD patients.
Who are the inputs for the LVAD market in 2025?
Inputs include raw materials like titanium, stainless steel, and polymers for device construction, as well as advanced technology for device development (e.g., software for monitoring, power management systems, and innovative design features).
Who are the processes in the LVAD market in 2025?
Processes include design and engineering of LVAD devices, regulatory approval, manufacturing, quality control, clinical trials, patient monitoring and support, and post-implantation care and device maintenance.
Who are the outputs in the LVAD market in 2025?
Outputs include fully functional LVAD devices that are implanted in patients, along with associated services such as patient education, long-term monitoring, and healthcare support related to device use and maintenance.
Who are the customers of the LVAD market in 2025?
Customers are primarily healthcare providers, including hospitals and heart failure clinics, as well as patients with end-stage heart failure who require LVADs as a bridge to a heart transplant or as a long-term treatment solution.
Market Porter's Five Forces
What is the threat of new entrants in the LVAD market in 2025?
The threat of new entrants is moderate due to high entry barriers like significant capital investment, complex regulatory approval processes, and the need for advanced technological expertise in medical devices.
What is the bargaining power of suppliers in the LVAD market in 2025?
The bargaining power of suppliers is relatively high as the components required for LVAD manufacturing are specialized and sourced from a limited number of suppliers. This impacts pricing and supply chain reliability.
What is the bargaining power of buyers in the LVAD market in 2025?
The bargaining power of buyers is moderate. While LVAD patients rely heavily on healthcare providers and insurance companies, the limited number of advanced heart failure treatment options gives healthcare providers some leverage.
What is the threat of substitutes in the LVAD market in 2025?
The threat of substitutes is moderate. While heart transplants and other medical advancements like stem cell therapies or drug-based treatments may provide alternatives, LVADs still serve as an essential bridge therapy for heart failure patients.
What is the intensity of competitive rivalry in the LVAD market in 2025?
The intensity of competitive rivalry is high, with major medical device companies constantly innovating and competing in the LVAD market. There are also smaller firms entering the market, intensifying the competition for market share.
Market Upstream Analysis
What are the key suppliers in the upstream LVAD market in 2025?
Key suppliers in the upstream LVAD market include manufacturers of raw materials like metals (e.g., titanium, stainless steel), polymers, electronic components (e.g., sensors, batteries), and specialized medical equipment for device assembly.
What are the raw materials required in the LVAD market in 2025?
Raw materials required include biocompatible metals, advanced polymers for blood flow components, high-quality electronic parts for power and control systems, and materials for creating durable pumps and valves.
What are the challenges in sourcing materials for LVAD production in 2025?
Challenges include ensuring the biocompatibility and durability of materials, maintaining a steady supply chain for specialized components, and managing the high costs of advanced materials and technologies.
How does technology impact the upstream LVAD market in 2025?
Technology plays a crucial role in advancing materials used in LVAD production, improving manufacturing precision, and enabling the development of smaller, more efficient, and reliable devices, which enhances market offerings and production capabilities.
What is the role of regulation in the upstream LVAD market in 2025?
Regulations play a significant role in the upstream LVAD market, particularly around sourcing, manufacturing, and ensuring safety and efficacy. Compliance with stringent medical device standards is crucial for the continued production and market access of LVADs.
Market Midstream Analysis
What are the key players in the midstream LVAD market in 2025?
Key players in the midstream LVAD market include medical device manufacturers who design, assemble, and test the devices. These companies are responsible for ensuring that the LVADs meet regulatory standards and are ready for distribution to healthcare providers.
What are the main processes in the midstream LVAD market in 2025?
Main processes in the midstream LVAD market include device assembly, quality control, regulatory approval, clinical testing, and packaging. These steps are critical to ensure that the devices are safe, effective, and compliant with healthcare regulations.
What are the challenges in the midstream LVAD market in 2025?
Challenges include ensuring the scalability of production, meeting stringent quality control standards, maintaining supply chain reliability for high-tech components, and navigating the complex regulatory approval process for new devices.
How does technology affect the midstream LVAD market in 2025?
Technological advancements influence the midstream LVAD market by enabling more precise manufacturing techniques, improving device functionality, and integrating cutting-edge features such as wireless monitoring and longer battery life, which enhance the overall value of LVADs.
What role does competition play in the midstream LVAD market in 2025?
Competition is significant as multiple established companies, as well as emerging players, aim to capture market share. This drives innovation, encourages improvements in device design and performance, and pushes companies to lower costs and improve operational efficiency.
Market Downstream Analysis
Who are the key stakeholders in the downstream LVAD market in 2025?
Key stakeholders include hospitals, healthcare providers, heart failure specialists, patients, insurance companies, and post-implantation care providers who manage the ongoing monitoring and support for LVAD patients.
What are the main activities in the downstream LVAD market in 2025?
Main activities in the downstream LVAD market include device implantation, patient monitoring, long-term follow-up care, management of potential complications, and coordination with healthcare providers for post-surgery support and rehabilitation.
What are the challenges in the downstream LVAD market in 2025?
Challenges include managing the high cost of implantation and long-term care, ensuring patient adherence to follow-up protocols, addressing complications like infections or device malfunctions, and improving access to LVADs in underserved regions.
How does technology impact the downstream LVAD market in 2025?
Technology plays a vital role in patient monitoring, through advanced remote monitoring systems, mobile health applications, and predictive analytics, which help optimize patient care and reduce complications, leading to better long-term outcomes.
What is the role of regulatory bodies in the downstream LVAD market in 2025?
Regulatory bodies are crucial in ensuring that LVADs meet the necessary safety and efficacy standards. They also monitor the post-implantation phase, enforcing regulations for patient safety, device performance, and reporting of any adverse events.
Chapter 1, to describe Left Ventricular Assist Device (LVAD) product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Left Ventricular Assist Device (LVAD), with price, sales, revenue and global market share of Left Ventricular Assist Device (LVAD) from 2018 to 2023.
Chapter 3, the Left Ventricular Assist Device (LVAD) competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Left Ventricular Assist Device (LVAD) breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Left Ventricular Assist Device (LVAD) market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Left Ventricular Assist Device (LVAD).
Chapter 14 and 15, to describe Left Ventricular Assist Device (LVAD) sales channel, distributors, customers, research findings and conclusion.
1 Market Overview
1.1 Product Overview and Scope of Left Ventricular Assist Device (LVAD)
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
1.3.1 Overview: Global Left Ventricular Assist Device (LVAD) Consumption Value by Type: 2018 Versus 2022 Versus 2029
1.3.2 BTT Therapy
1.3.3 Destination Therapy (DT)
1.3.4 Other
1.4 Market Analysis by Application
1.4.1 Overview: Global Left Ventricular Assist Device (LVAD) Consumption Value by Application: 2018 Versus 2022 Versus 2029
1.4.2 Hospitals
1.4.3 Clinics
1.5 Global Left Ventricular Assist Device (LVAD) Market Size & Forecast
1.5.1 Global Left Ventricular Assist Device (LVAD) Consumption Value (2018 & 2022 & 2029)
1.5.2 Global Left Ventricular Assist Device (LVAD) Sales Quantity (2018-2029)
1.5.3 Global Left Ventricular Assist Device (LVAD) Average Price (2018-2029)
2 Manufacturers Profiles
2.1 AbioMed
2.1.1 AbioMed Details
2.1.2 AbioMed Major Business
2.1.3 AbioMed Left Ventricular Assist Device (LVAD) Product and Services
2.1.4 AbioMed Left Ventricular Assist Device (LVAD) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.1.5 AbioMed Recent Developments/Updates
2.2 Abbott (Thoratec)
2.2.1 Abbott (Thoratec) Details
2.2.2 Abbott (Thoratec) Major Business
2.2.3 Abbott (Thoratec) Left Ventricular Assist Device (LVAD) Product and Services
2.2.4 Abbott (Thoratec) Left Ventricular Assist Device (LVAD) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.2.5 Abbott (Thoratec) Recent Developments/Updates
2.3 Medtronic (HeartWare)
2.3.1 Medtronic (HeartWare) Details
2.3.2 Medtronic (HeartWare) Major Business
2.3.3 Medtronic (HeartWare) Left Ventricular Assist Device (LVAD) Product and Services
2.3.4 Medtronic (HeartWare) Left Ventricular Assist Device (LVAD) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.3.5 Medtronic (HeartWare) Recent Developments/Updates
2.4 Berlin Heart
2.4.1 Berlin Heart Details
2.4.2 Berlin Heart Major Business
2.4.3 Berlin Heart Left Ventricular Assist Device (LVAD) Product and Services
2.4.4 Berlin Heart Left Ventricular Assist Device (LVAD) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.4.5 Berlin Heart Recent Developments/Updates
2.5 Jarvik Heart
2.5.1 Jarvik Heart Details
2.5.2 Jarvik Heart Major Business
2.5.3 Jarvik Heart Left Ventricular Assist Device (LVAD) Product and Services
2.5.4 Jarvik Heart Left Ventricular Assist Device (LVAD) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.5.5 Jarvik Heart Recent Developments/Updates
2.6 Sun Medical Technology Research
2.6.1 Sun Medical Technology Research Details
2.6.2 Sun Medical Technology Research Major Business
2.6.3 Sun Medical Technology Research Left Ventricular Assist Device (LVAD) Product and Services
2.6.4 Sun Medical Technology Research Left Ventricular Assist Device (LVAD) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.6.5 Sun Medical Technology Research Recent Developments/Updates
2.7 ReliantHeart
2.7.1 ReliantHeart Details
2.7.2 ReliantHeart Major Business
2.7.3 ReliantHeart Left Ventricular Assist Device (LVAD) Product and Services
2.7.4 ReliantHeart Left Ventricular Assist Device (LVAD) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.7.5 ReliantHeart Recent Developments/Updates
2.8 Market Segment by Product Type
2.8.1 Market Segment by Product Type Details
2.8.2 Market Segment by Product Type Major Business
2.8.3 Market Segment by Product Type Left Ventricular Assist Device (LVAD) Product and Services
2.8.4 Market Segment by Product Type Left Ventricular Assist Device (LVAD) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.8.5 Market Segment by Product Type Recent Developments/Updates
2.9 BTT Therapy
2.9.1 BTT Therapy Details
2.9.2 BTT Therapy Major Business
2.9.3 BTT Therapy Left Ventricular Assist Device (LVAD) Product and Services
2.9.4 BTT Therapy Left Ventricular Assist Device (LVAD) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.9.5 BTT Therapy Recent Developments/Updates
2.10 Destination Therapy (DT)
2.10.1 Destination Therapy (DT) Details
2.10.2 Destination Therapy (DT) Major Business
2.10.3 Destination Therapy (DT) Left Ventricular Assist Device (LVAD) Product and Services
2.10.4 Destination Therapy (DT) Left Ventricular Assist Device (LVAD) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.10.5 Destination Therapy (DT) Recent Developments/Updates
3 Competitive Environment: Left Ventricular Assist Device (LVAD) by Manufacturer
3.1 Global Left Ventricular Assist Device (LVAD) Sales Quantity by Manufacturer (2018-2023)
3.2 Global Left Ventricular Assist Device (LVAD) Revenue by Manufacturer (2018-2023)
3.3 Global Left Ventricular Assist Device (LVAD) Average Price by Manufacturer (2018-2023)
3.4 Market Share Analysis (2022)
3.4.1 Producer Shipments of Left Ventricular Assist Device (LVAD) by Manufacturer Revenue ($MM) and Market Share (%): 2022
3.4.2 Top 3 Left Ventricular Assist Device (LVAD) Manufacturer Market Share in 2022
3.4.2 Top 6 Left Ventricular Assist Device (LVAD) Manufacturer Market Share in 2022
3.5 Left Ventricular Assist Device (LVAD) Market: Overall Company Footprint Analysis
3.5.1 Left Ventricular Assist Device (LVAD) Market: Region Footprint
3.5.2 Left Ventricular Assist Device (LVAD) Market: Company Product Type Footprint
3.5.3 Left Ventricular Assist Device (LVAD) Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Left Ventricular Assist Device (LVAD) Market Size by Region
4.1.1 Global Left Ventricular Assist Device (LVAD) Sales Quantity by Region (2018-2029)
4.1.2 Global Left Ventricular Assist Device (LVAD) Consumption Value by Region (2018-2029)
4.1.3 Global Left Ventricular Assist Device (LVAD) Average Price by Region (2018-2029)
4.2 North America Left Ventricular Assist Device (LVAD) Consumption Value (2018-2029)
4.3 Europe Left Ventricular Assist Device (LVAD) Consumption Value (2018-2029)
4.4 Asia-Pacific Left Ventricular Assist Device (LVAD) Consumption Value (2018-2029)
4.5 South America Left Ventricular Assist Device (LVAD) Consumption Value (2018-2029)
4.6 Middle East and Africa Left Ventricular Assist Device (LVAD) Consumption Value (2018-2029)
5 Market Segment by Type
5.1 Global Left Ventricular Assist Device (LVAD) Sales Quantity by Type (2018-2029)
5.2 Global Left Ventricular Assist Device (LVAD) Consumption Value by Type (2018-2029)
5.3 Global Left Ventricular Assist Device (LVAD) Average Price by Type (2018-2029)
6 Market Segment by Application
6.1 Global Left Ventricular Assist Device (LVAD) Sales Quantity by Application (2018-2029)
6.2 Global Left Ventricular Assist Device (LVAD) Consumption Value by Application (2018-2029)
6.3 Global Left Ventricular Assist Device (LVAD) Average Price by Application (2018-2029)
7 North America
7.1 North America Left Ventricular Assist Device (LVAD) Sales Quantity by Type (2018-2029)
7.2 North America Left Ventricular Assist Device (LVAD) Sales Quantity by Application (2018-2029)
7.3 North America Left Ventricular Assist Device (LVAD) Market Size by Country
7.3.1 North America Left Ventricular Assist Device (LVAD) Sales Quantity by Country (2018-2029)
7.3.2 North America Left Ventricular Assist Device (LVAD) Consumption Value by Country (2018-2029)
7.3.3 United States Market Size and Forecast (2018-2029)
7.3.4 Canada Market Size and Forecast (2018-2029)
7.3.5 Mexico Market Size and Forecast (2018-2029)
8 Europe
8.1 Europe Left Ventricular Assist Device (LVAD) Sales Quantity by Type (2018-2029)
8.2 Europe Left Ventricular Assist Device (LVAD) Sales Quantity by Application (2018-2029)
8.3 Europe Left Ventricular Assist Device (LVAD) Market Size by Country
8.3.1 Europe Left Ventricular Assist Device (LVAD) Sales Quantity by Country (2018-2029)
8.3.2 Europe Left Ventricular Assist Device (LVAD) Consumption Value by Country (2018-2029)
8.3.3 Germany Market Size and Forecast (2018-2029)
8.3.4 France Market Size and Forecast (2018-2029)
8.3.5 United Kingdom Market Size and Forecast (2018-2029)
8.3.6 Russia Market Size and Forecast (2018-2029)
8.3.7 Italy Market Size and Forecast (2018-2029)
9 Asia-Pacific
9.1 Asia-Pacific Left Ventricular Assist Device (LVAD) Sales Quantity by Type (2018-2029)
9.2 Asia-Pacific Left Ventricular Assist Device (LVAD) Sales Quantity by Application (2018-2029)
9.3 Asia-Pacific Left Ventricular Assist Device (LVAD) Market Size by Region
9.3.1 Asia-Pacific Left Ventricular Assist Device (LVAD) Sales Quantity by Region (2018-2029)
9.3.2 Asia-Pacific Left Ventricular Assist Device (LVAD) Consumption Value by Region (2018-2029)
9.3.3 China Market Size and Forecast (2018-2029)
9.3.4 Japan Market Size and Forecast (2018-2029)
9.3.5 Korea Market Size and Forecast (2018-2029)
9.3.6 India Market Size and Forecast (2018-2029)
9.3.7 Southeast Asia Market Size and Forecast (2018-2029)
9.3.8 Australia Market Size and Forecast (2018-2029)
10 South America
10.1 South America Left Ventricular Assist Device (LVAD) Sales Quantity by Type (2018-2029)
10.2 South America Left Ventricular Assist Device (LVAD) Sales Quantity by Application (2018-2029)
10.3 South America Left Ventricular Assist Device (LVAD) Market Size by Country
10.3.1 South America Left Ventricular Assist Device (LVAD) Sales Quantity by Country (2018-2029)
10.3.2 South America Left Ventricular Assist Device (LVAD) Consumption Value by Country (2018-2029)
10.3.3 Brazil Market Size and Forecast (2018-2029)
10.3.4 Argentina Market Size and Forecast (2018-2029)
11 Middle East & Africa
11.1 Middle East & Africa Left Ventricular Assist Device (LVAD) Sales Quantity by Type (2018-2029)
11.2 Middle East & Africa Left Ventricular Assist Device (LVAD) Sales Quantity by Application (2018-2029)
11.3 Middle East & Africa Left Ventricular Assist Device (LVAD) Market Size by Country
11.3.1 Middle East & Africa Left Ventricular Assist Device (LVAD) Sales Quantity by Country (2018-2029)
11.3.2 Middle East & Africa Left Ventricular Assist Device (LVAD) Consumption Value by Country (2018-2029)
11.3.3 Turkey Market Size and Forecast (2018-2029)
11.3.4 Egypt Market Size and Forecast (2018-2029)
11.3.5 Saudi Arabia Market Size and Forecast (2018-2029)
11.3.6 South Africa Market Size and Forecast (2018-2029)
12 Market Dynamics
12.1 Left Ventricular Assist Device (LVAD) Market Drivers
12.2 Left Ventricular Assist Device (LVAD) Market Restraints
12.3 Left Ventricular Assist Device (LVAD) Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
12.5 Influence of COVID-19 and Russia-Ukraine War
12.5.1 Influence of COVID-19
12.5.2 Influence of Russia-Ukraine War
13 Raw Material and Industry Chain
13.1 Raw Material of Left Ventricular Assist Device (LVAD) and Key Manufacturers
13.2 Manufacturing Costs Percentage of Left Ventricular Assist Device (LVAD)
13.3 Left Ventricular Assist Device (LVAD) Production Process
13.4 Left Ventricular Assist Device (LVAD) Industrial Chain
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Left Ventricular Assist Device (LVAD) Typical Distributors
14.3 Left Ventricular Assist Device (LVAD) Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
List of Tables
Table 1. Global Left Ventricular Assist Device (LVAD) Consumption Value by Type, (USD Million), 2018 & 2022 & 2029
Table 2. Global Left Ventricular Assist Device (LVAD) Consumption Value by Application, (USD Million), 2018 & 2022 & 2029
Table 3. AbioMed Basic Information, Manufacturing Base and Competitors
Table 4. AbioMed Major Business
Table 5. AbioMed Left Ventricular Assist Device (LVAD) Product and Services
Table 6. AbioMed Left Ventricular Assist Device (LVAD) Sales Quantity (Units), Average Price (USD/Unit), Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 7. AbioMed Recent Developments/Updates
Table 8. Abbott (Thoratec) Basic Information, Manufacturing Base and Competitors
Table 9. Abbott (Thoratec) Major Business
Table 10. Abbott (Thoratec) Left Ventricular Assist Device (LVAD) Product and Services
Table 11. Abbott (Thoratec) Left Ventricular Assist Device (LVAD) Sales Quantity (Units), Average Price (USD/Unit), Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 12. Abbott (Thoratec) Recent Developments/Updates
Table 13. Medtronic (HeartWare) Basic Information, Manufacturing Base and Competitors
Table 14. Medtronic (HeartWare) Major Business
Table 15. Medtronic (HeartWare) Left Ventricular Assist Device (LVAD) Product and Services
Table 16. Medtronic (HeartWare) Left Ventricular Assist Device (LVAD) Sales Quantity (Units), Average Price (USD/Unit), Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 17. Medtronic (HeartWare) Recent Developments/Updates
Table 18. Berlin Heart Basic Information, Manufacturing Base and Competitors
Table 19. Berlin Heart Major Business
Table 20. Berlin Heart Left Ventricular Assist Device (LVAD) Product and Services
Table 21. Berlin Heart Left Ventricular Assist Device (LVAD) Sales Quantity (Units), Average Price (USD/Unit), Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 22. Berlin Heart Recent Developments/Updates
Table 23. Jarvik Heart Basic Information, Manufacturing Base and Competitors
Table 24. Jarvik Heart Major Business
Table 25. Jarvik Heart Left Ventricular Assist Device (LVAD) Product and Services
Table 26. Jarvik Heart Left Ventricular Assist Device (LVAD) Sales Quantity (Units), Average Price (USD/Unit), Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 27. Jarvik Heart Recent Developments/Updates
Table 28. Sun Medical Technology Research Basic Information, Manufacturing Base and Competitors
Table 29. Sun Medical Technology Research Major Business
Table 30. Sun Medical Technology Research Left Ventricular Assist Device (LVAD) Product and Services
Table 31. Sun Medical Technology Research Left Ventricular Assist Device (LVAD) Sales Quantity (Units), Average Price (USD/Unit), Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 32. Sun Medical Technology Research Recent Developments/Updates
Table 33. ReliantHeart Basic Information, Manufacturing Base and Competitors
Table 34. ReliantHeart Major Business
Table 35. ReliantHeart Left Ventricular Assist Device (LVAD) Product and Services
Table 36. ReliantHeart Left Ventricular Assist Device (LVAD) Sales Quantity (Units), Average Price (USD/Unit), Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 37. ReliantHeart Recent Developments/Updates
Table 38. Market Segment by Product Type Basic Information, Manufacturing Base and Competitors
Table 39. Market Segment by Product Type Major Business
Table 40. Market Segment by Product Type Left Ventricular Assist Device (LVAD) Product and Services
Table 41. Market Segment by Product Type Left Ventricular Assist Device (LVAD) Sales Quantity (Units), Average Price (USD/Unit), Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 42. Market Segment by Product Type Recent Developments/Updates
Table 43. BTT Therapy Basic Information, Manufacturing Base and Competitors
Table 44. BTT Therapy Major Business
Table 45. BTT Therapy Left Ventricular Assist Device (LVAD) Product and Services
Table 46. BTT Therapy Left Ventricular Assist Device (LVAD) Sales Quantity (Units), Average Price (USD/Unit), Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 47. BTT Therapy Recent Developments/Updates
Table 48. Destination Therapy (DT) Basic Information, Manufacturing Base and Competitors
Table 49. Destination Therapy (DT) Major Business
Table 50. Destination Therapy (DT) Left Ventricular Assist Device (LVAD) Product and Services
Table 51. Destination Therapy (DT) Left Ventricular Assist Device (LVAD) Sales Quantity (Units), Average Price (USD/Unit), Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 52. Destination Therapy (DT) Recent Developments/Updates
Table 53. Global Left Ventricular Assist Device (LVAD) Sales Quantity by Manufacturer (2018-2023) & (Units)
Table 54. Global Left Ventricular Assist Device (LVAD) Revenue by Manufacturer (2018-2023) & (USD Million)
Table 55. Global Left Ventricular Assist Device (LVAD) Average Price by Manufacturer (2018-2023) & (USD/Unit)
Table 56. Market Position of Manufacturers in Left Ventricular Assist Device (LVAD), (Tier 1, Tier 2, and Tier 3), Based on Consumption Value in 2022
Table 57. Head Office and Left Ventricular Assist Device (LVAD) Production Site of Key Manufacturer
Table 58. Left Ventricular Assist Device (LVAD) Market: Company Product Type Footprint
Table 59. Left Ventricular Assist Device (LVAD) Market: Company Product Application Footprint
Table 60. Left Ventricular Assist Device (LVAD) New Market Entrants and Barriers to Market Entry
Table 61. Left Ventricular Assist Device (LVAD) Mergers, Acquisition, Agreements, and Collaborations
Table 62. Global Left Ventricular Assist Device (LVAD) Sales Quantity by Region (2018-2023) & (Units)
Table 63. Global Left Ventricular Assist Device (LVAD) Sales Quantity by Region (2024-2029) & (Units)
Table 64. Global Left Ventricular Assist Device (LVAD) Consumption Value by Region (2018-2023) & (USD Million)
Table 65. Global Left Ventricular Assist Device (LVAD) Consumption Value by Region (2024-2029) & (USD Million)
Table 66. Global Left Ventricular Assist Device (LVAD) Average Price by Region (2018-2023) & (USD/Unit)
Table 67. Global Left Ventricular Assist Device (LVAD) Average Price by Region (2024-2029) & (USD/Unit)
Table 68. Global Left Ventricular Assist Device (LVAD) Sales Quantity by Type (2018-2023) & (Units)
Table 69. Global Left Ventricular Assist Device (LVAD) Sales Quantity by Type (2024-2029) & (Units)
Table 70. Global Left Ventricular Assist Device (LVAD) Consumption Value by Type (2018-2023) & (USD Million)
Table 71. Global Left Ventricular Assist Device (LVAD) Consumption Value by Type (2024-2029) & (USD Million)
Table 72. Global Left Ventricular Assist Device (LVAD) Average Price by Type (2018-2023) & (USD/Unit)
Table 73. Global Left Ventricular Assist Device (LVAD) Average Price by Type (2024-2029) & (USD/Unit)
Table 74. Global Left Ventricular Assist Device (LVAD) Sales Quantity by Application (2018-2023) & (Units)
Table 75. Global Left Ventricular Assist Device (LVAD) Sales Quantity by Application (2024-2029) & (Units)
Table 76. Global Left Ventricular Assist Device (LVAD) Consumption Value by Application (2018-2023) & (USD Million)
Table 77. Global Left Ventricular Assist Device (LVAD) Consumption Value by Application (2024-2029) & (USD Million)
Table 78. Global Left Ventricular Assist Device (LVAD) Average Price by Application (2018-2023) & (USD/Unit)
Table 79. Global Left Ventricular Assist Device (LVAD) Average Price by Application (2024-2029) & (USD/Unit)
Table 80. North America Left Ventricular Assist Device (LVAD) Sales Quantity by Type (2018-2023) & (Units)
Table 81. North America Left Ventricular Assist Device (LVAD) Sales Quantity by Type (2024-2029) & (Units)
Table 82. North America Left Ventricular Assist Device (LVAD) Sales Quantity by Application (2018-2023) & (Units)
Table 83. North America Left Ventricular Assist Device (LVAD) Sales Quantity by Application (2024-2029) & (Units)
Table 84. North America Left Ventricular Assist Device (LVAD) Sales Quantity by Country (2018-2023) & (Units)
Table 85. North America Left Ventricular Assist Device (LVAD) Sales Quantity by Country (2024-2029) & (Units)
Table 86. North America Left Ventricular Assist Device (LVAD) Consumption Value by Country (2018-2023) & (USD Million)
Table 87. North America Left Ventricular Assist Device (LVAD) Consumption Value by Country (2024-2029) & (USD Million)
Table 88. Europe Left Ventricular Assist Device (LVAD) Sales Quantity by Type (2018-2023) & (Units)
Table 89. Europe Left Ventricular Assist Device (LVAD) Sales Quantity by Type (2024-2029) & (Units)
Table 90. Europe Left Ventricular Assist Device (LVAD) Sales Quantity by Application (2018-2023) & (Units)
Table 91. Europe Left Ventricular Assist Device (LVAD) Sales Quantity by Application (2024-2029) & (Units)
Table 92. Europe Left Ventricular Assist Device (LVAD) Sales Quantity by Country (2018-2023) & (Units)
Table 93. Europe Left Ventricular Assist Device (LVAD) Sales Quantity by Country (2024-2029) & (Units)
Table 94. Europe Left Ventricular Assist Device (LVAD) Consumption Value by Country (2018-2023) & (USD Million)
Table 95. Europe Left Ventricular Assist Device (LVAD) Consumption Value by Country (2024-2029) & (USD Million)
Table 96. Asia-Pacific Left Ventricular Assist Device (LVAD) Sales Quantity by Type (2018-2023) & (Units)
Table 97. Asia-Pacific Left Ventricular Assist Device (LVAD) Sales Quantity by Type (2024-2029) & (Units)
Table 98. Asia-Pacific Left Ventricular Assist Device (LVAD) Sales Quantity by Application (2018-2023) & (Units)
Table 99. Asia-Pacific Left Ventricular Assist Device (LVAD) Sales Quantity by Application (2024-2029) & (Units)
Table 100. Asia-Pacific Left Ventricular Assist Device (LVAD) Sales Quantity by Region (2018-2023) & (Units)
Table 101. Asia-Pacific Left Ventricular Assist Device (LVAD) Sales Quantity by Region (2024-2029) & (Units)
Table 102. Asia-Pacific Left Ventricular Assist Device (LVAD) Consumption Value by Region (2018-2023) & (USD Million)
Table 103. Asia-Pacific Left Ventricular Assist Device (LVAD) Consumption Value by Region (2024-2029) & (USD Million)
Table 104. South America Left Ventricular Assist Device (LVAD) Sales Quantity by Type (2018-2023) & (Units)
Table 105. South America Left Ventricular Assist Device (LVAD) Sales Quantity by Type (2024-2029) & (Units)
Table 106. South America Left Ventricular Assist Device (LVAD) Sales Quantity by Application (2018-2023) & (Units)
Table 107. South America Left Ventricular Assist Device (LVAD) Sales Quantity by Application (2024-2029) & (Units)
Table 108. South America Left Ventricular Assist Device (LVAD) Sales Quantity by Country (2018-2023) & (Units)
Table 109. South America Left Ventricular Assist Device (LVAD) Sales Quantity by Country (2024-2029) & (Units)
Table 110. South America Left Ventricular Assist Device (LVAD) Consumption Value by Country (2018-2023) & (USD Million)
Table 111. South America Left Ventricular Assist Device (LVAD) Consumption Value by Country (2024-2029) & (USD Million)
Table 112. Middle East & Africa Left Ventricular Assist Device (LVAD) Sales Quantity by Type (2018-2023) & (Units)
Table 113. Middle East & Africa Left Ventricular Assist Device (LVAD) Sales Quantity by Type (2024-2029) & (Units)
Table 114. Middle East & Africa Left Ventricular Assist Device (LVAD) Sales Quantity by Application (2018-2023) & (Units)
Table 115. Middle East & Africa Left Ventricular Assist Device (LVAD) Sales Quantity by Application (2024-2029) & (Units)
Table 116. Middle East & Africa Left Ventricular Assist Device (LVAD) Sales Quantity by Region (2018-2023) & (Units)
Table 117. Middle East & Africa Left Ventricular Assist Device (LVAD) Sales Quantity by Region (2024-2029) & (Units)
Table 118. Middle East & Africa Left Ventricular Assist Device (LVAD) Consumption Value by Region (2018-2023) & (USD Million)
Table 119. Middle East & Africa Left Ventricular Assist Device (LVAD) Consumption Value by Region (2024-2029) & (USD Million)
Table 120. Left Ventricular Assist Device (LVAD) Raw Material
Table 121. Key Manufacturers of Left Ventricular Assist Device (LVAD) Raw Materials
Table 122. Left Ventricular Assist Device (LVAD) Typical Distributors
Table 123. Left Ventricular Assist Device (LVAD) Typical Customers
List of Figures
Figure 1. Left Ventricular Assist Device (LVAD) Picture
Figure 2. Global Left Ventricular Assist Device (LVAD) Consumption Value by Type, (USD Million), 2018 & 2022 & 2029
Figure 3. Global Left Ventricular Assist Device (LVAD) Consumption Value Market Share by Type in 2022
Figure 4. BTT Therapy Examples
Figure 5. Destination Therapy (DT) Examples
Figure 6. Other Examples
Figure 7. Global Left Ventricular Assist Device (LVAD) Consumption Value by Application, (USD Million), 2018 & 2022 & 2029
Figure 8. Global Left Ventricular Assist Device (LVAD) Consumption Value Market Share by Application in 2022
Figure 9. Hospitals Examples
Figure 10. Clinics Examples
Figure 11. Global Left Ventricular Assist Device (LVAD) Consumption Value, (USD Million): 2018 & 2022 & 2029
Figure 12. Global Left Ventricular Assist Device (LVAD) Consumption Value and Forecast (2018-2029) & (USD Million)
Figure 13. Global Left Ventricular Assist Device (LVAD) Sales Quantity (2018-2029) & (Units)
Figure 14. Global Left Ventricular Assist Device (LVAD) Average Price (2018-2029) & (USD/Unit)
Figure 15. Global Left Ventricular Assist Device (LVAD) Sales Quantity Market Share by Manufacturer in 2022
Figure 16. Global Left Ventricular Assist Device (LVAD) Consumption Value Market Share by Manufacturer in 2022
Figure 17. Producer Shipments of Left Ventricular Assist Device (LVAD) by Manufacturer Sales Quantity ($MM) and Market Share (%): 2021
Figure 18. Top 3 Left Ventricular Assist Device (LVAD) Manufacturer (Consumption Value) Market Share in 2022
Figure 19. Top 6 Left Ventricular Assist Device (LVAD) Manufacturer (Consumption Value) Market Share in 2022
Figure 20. Global Left Ventricular Assist Device (LVAD) Sales Quantity Market Share by Region (2018-2029)
Figure 21. Global Left Ventricular Assist Device (LVAD) Consumption Value Market Share by Region (2018-2029)
Figure 22. North America Left Ventricular Assist Device (LVAD) Consumption Value (2018-2029) & (USD Million)
Figure 23. Europe Left Ventricular Assist Device (LVAD) Consumption Value (2018-2029) & (USD Million)
Figure 24. Asia-Pacific Left Ventricular Assist Device (LVAD) Consumption Value (2018-2029) & (USD Million)
Figure 25. South America Left Ventricular Assist Device (LVAD) Consumption Value (2018-2029) & (USD Million)
Figure 26. Middle East & Africa Left Ventricular Assist Device (LVAD) Consumption Value (2018-2029) & (USD Million)
Figure 27. Global Left Ventricular Assist Device (LVAD) Sales Quantity Market Share by Type (2018-2029)
Figure 28. Global Left Ventricular Assist Device (LVAD) Consumption Value Market Share by Type (2018-2029)
Figure 29. Global Left Ventricular Assist Device (LVAD) Average Price by Type (2018-2029) & (USD/Unit)
Figure 30. Global Left Ventricular Assist Device (LVAD) Sales Quantity Market Share by Application (2018-2029)
Figure 31. Global Left Ventricular Assist Device (LVAD) Consumption Value Market Share by Application (2018-2029)
Figure 32. Global Left Ventricular Assist Device (LVAD) Average Price by Application (2018-2029) & (USD/Unit)
Figure 33. North America Left Ventricular Assist Device (LVAD) Sales Quantity Market Share by Type (2018-2029)
Figure 34. North America Left Ventricular Assist Device (LVAD) Sales Quantity Market Share by Application (2018-2029)
Figure 35. North America Left Ventricular Assist Device (LVAD) Sales Quantity Market Share by Country (2018-2029)
Figure 36. North America Left Ventricular Assist Device (LVAD) Consumption Value Market Share by Country (2018-2029)
Figure 37. United States Left Ventricular Assist Device (LVAD) Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 38. Canada Left Ventricular Assist Device (LVAD) Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 39. Mexico Left Ventricular Assist Device (LVAD) Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 40. Europe Left Ventricular Assist Device (LVAD) Sales Quantity Market Share by Type (2018-2029)
Figure 41. Europe Left Ventricular Assist Device (LVAD) Sales Quantity Market Share by Application (2018-2029)
Figure 42. Europe Left Ventricular Assist Device (LVAD) Sales Quantity Market Share by Country (2018-2029)
Figure 43. Europe Left Ventricular Assist Device (LVAD) Consumption Value Market Share by Country (2018-2029)
Figure 44. Germany Left Ventricular Assist Device (LVAD) Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 45. France Left Ventricular Assist Device (LVAD) Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 46. United Kingdom Left Ventricular Assist Device (LVAD) Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 47. Russia Left Ventricular Assist Device (LVAD) Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 48. Italy Left Ventricular Assist Device (LVAD) Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 49. Asia-Pacific Left Ventricular Assist Device (LVAD) Sales Quantity Market Share by Type (2018-2029)
Figure 50. Asia-Pacific Left Ventricular Assist Device (LVAD) Sales Quantity Market Share by Application (2018-2029)
Figure 51. Asia-Pacific Left Ventricular Assist Device (LVAD) Sales Quantity Market Share by Region (2018-2029)
Figure 52. Asia-Pacific Left Ventricular Assist Device (LVAD) Consumption Value Market Share by Region (2018-2029)
Figure 53. China Left Ventricular Assist Device (LVAD) Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 54. Japan Left Ventricular Assist Device (LVAD) Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 55. Korea Left Ventricular Assist Device (LVAD) Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 56. India Left Ventricular Assist Device (LVAD) Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 57. Southeast Asia Left Ventricular Assist Device (LVAD) Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 58. Australia Left Ventricular Assist Device (LVAD) Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 59. South America Left Ventricular Assist Device (LVAD) Sales Quantity Market Share by Type (2018-2029)
Figure 60. South America Left Ventricular Assist Device (LVAD) Sales Quantity Market Share by Application (2018-2029)
Figure 61. South America Left Ventricular Assist Device (LVAD) Sales Quantity Market Share by Country (2018-2029)
Figure 62. South America Left Ventricular Assist Device (LVAD) Consumption Value Market Share by Country (2018-2029)
Figure 63. Brazil Left Ventricular Assist Device (LVAD) Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 64. Argentina Left Ventricular Assist Device (LVAD) Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 65. Middle East & Africa Left Ventricular Assist Device (LVAD) Sales Quantity Market Share by Type (2018-2029)
Figure 66. Middle East & Africa Left Ventricular Assist Device (LVAD) Sales Quantity Market Share by Application (2018-2029)
Figure 67. Middle East & Africa Left Ventricular Assist Device (LVAD) Sales Quantity Market Share by Region (2018-2029)
Figure 68. Middle East & Africa Left Ventricular Assist Device (LVAD) Consumption Value Market Share by Region (2018-2029)
Figure 69. Turkey Left Ventricular Assist Device (LVAD) Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 70. Egypt Left Ventricular Assist Device (LVAD) Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 71. Saudi Arabia Left Ventricular Assist Device (LVAD) Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 72. South Africa Left Ventricular Assist Device (LVAD) Consumption Value and Growth Rate (2018-2029) & (USD Million)
Figure 73. Left Ventricular Assist Device (LVAD) Market Drivers
Figure 74. Left Ventricular Assist Device (LVAD) Market Restraints
Figure 75. Left Ventricular Assist Device (LVAD) Market Trends
Figure 76. Porters Five Forces Analysis
Figure 77. Manufacturing Cost Structure Analysis of Left Ventricular Assist Device (LVAD) in 2022
Figure 78. Manufacturing Process Analysis of Left Ventricular Assist Device (LVAD)
Figure 79. Left Ventricular Assist Device (LVAD) Industrial Chain
Figure 80. Sales Quantity Channel: Direct to End-User vs Distributors
Figure 81. Direct Channel Pros & Cons
Figure 82. Indirect Channel Pros & Cons
Figure 83. Methodology
Figure 84. Research Process and Data Source
