The Ventricular Assist Devices Market, valued at approximately US$ 2.3 Billion in 2022, is anticipated to undergo substantial growth with a Compound Annual Growth Rate (CAGR) of 22.8% from 2023 to 2033. This surge is attributed to the increasing prevalence of cardiovascular ailments, fueling the demand for ventricular assist devices. Over the forecast period, spanning from 2023 to 2033, the market is poised to offer an absolute dollar opportunity of nearly US$ 17.9 Billion. Noteworthy statistics include the estimation of the Global Ventricular Assist Devices Market at US$ 2.7 Billion in 2023, expected to escalate to US$ 20.6 Billion by 2033.
Furthermore, the Growth Rate of the Global Ventricular Assist Devices Market from 2023 to 2033 is projected at 22.8%, with an anticipated growth rate of 21% for the U.S. Ventricular Assist Devices Market during the same period. The market landscape is characterized by prominent players such as Abiomed, Medtronic, Abbott, Berlin Heart, Cardiac Assist, Inc., Jarvik Heart, Inc., ReliantHeart, Inc., and Sun Medical Technology Research Corp.
In a nutshell, the Persistence Market Research report is a must-read for start-ups, industry players, investors, researchers, consultants, business strategists, and all those who are looking to understand this industry. Get a glance at the report at- https://www.persistencemarketresearch.com/market-research/ventricular-assist-devices-market.asp
The future outlook for the Ventricular Assist Devices (VADs) market is promising, driven by advancements in medical technology, increasing prevalence of cardiovascular disorders, and growing emphasis on personalized care. Continued innovation is expected to lead to smaller, more implantable devices with improved functionality and durability. With supportive healthcare policies and expanding access to VAD therapy, the market is poised for sustained growth and advancements in cardiac care.
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