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Ventricular Assist Device Market Opportunity will Rise to US$1.07 bn by 2024

by · October 11, 2018


North America Ventricular Assist Device Market: Snapshot


The market for ventricular assist devices (VAD) in North America has exhibited an excellent rate of growth and the rate of adoption of these devices continues to remain strong. Several factors are responsible for the rising demand for ventricular assist devices in the region Cheap Women's Hyper Grape Air Max 720 Sunset Trainers , with the chief ones being the rising rate of incidence of cardiovascular diseases and the vast pool of patients awaiting donor hearts for transplant.


It is estimated that advance heart failure affects nearly 2.3% of the total population of North America and is a major socioeconomic burden. The rise in the region鈥檚 geriatric population, which is a demographic more susceptible to heart failures, the rising population of smokers, strong focus on R&D activities aimed at the development of more effective devices Cheap Women's White Pink Rise Laser Fuchsia Air Max 720 Shoes , and favorable government initiatives are also driving the market for ventricular assist devices in the region.


Transparency Market Research states that the market will exhibit a promising 9.20% CAGR over the period between 2016 and 2024, rising from a valuation of US$0.49 bn in 2015 to US$1.07 bn by 2024.


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LVADs to Continue Amass Maximum Share in North America VAD Market


The key ventricular assist devices in the North America market include bi-ventricular assist devices (Bi-VADs), left ventricular assist devices (LAVDs), right ventricular assist devices (RVADs) Cheap Men's Black Anthracite Air Max 720 Sports Shoes , and total artificial hearts (TAHs).


Of these, the segment of left ventricular assist devices has been witnessing a relatively higher demand for ventricular assistance in the North America market. The trend is expected to remain strong over the next few years, with the segment expected to exhibit a promising 9.6% CAGR over the period between 2016 and 2024. The segment of total artificial hearts is also expected to exhibit growth at a promising pace over the said period as technological advances allow the development of products with excellent operational capability. The increasing availability of such products is leading to their increased use as a bridge to transplant and in destination therapy.


Increased R&D Activities and Awareness to Help U.S. Retain Dominance


From a geographical perspective, the ventricular assist devices market has been examined for the U.S. and Canada. Of these Cheap Men's All Black Air Max 720 KPU TPU Trainers , the U.S. accounted for over 80% of the overall market in 2015 and is expected to continue to account an equally significant share over the next few years as well. The U.S. market is expected to retain its dominance owing to the presence of some of t. Cheap Jerseys Cheap Jerseys From China Cheap Jerseys Wholesale Cheap Jerseys China Cheap Jerseys Free Shipping Cheap NFL Jerseys Cheap Nike NFL Jerseys Wholesale Jerseys Wholesale NFL Jerseys Wholesale NFL Jerseys China