Left Ventricular Assist Device (LVAD) is a mechanical pump placed inside a person’s chest to help a weak heart pump blood throughout the body. Its most common use is as a bridge to transplant for people suffering from advanced heart failure who are not eligible for a heart transplant. It is also used to alleviate symptoms of heart failure, improve quality of life, and sometimes as a destination therapy for people who do not qualify for a transplant.
Globally, over 10,000 LVADs have been placed around the world. The devices have been shown to be safe and effective, although more research is still needed to ascertain the long-term benefits and risks associated with their use. The LVAD’s cost and size have also decreased over time, making them more available to those who need them. In certain regions of the world, access to LVAD therapy is limited due to cost factors or the lack of trained personnel to implant and manage the devices.
The global Left Ventricular Assist Device (LVAD) market was valued at US$ 2442.2 million in 2022 and is anticipated to reach US$ 6649.6 million by 2029, witnessing a CAGR of 15.2% during the forecast period 2023-2029. The influence of COVID-19 and the Netherlands-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Left Ventricular Assist Device (LVAD) Market available at: https://www.themarketreports.com/report/global-left-ventricular-assist-device-lvad-market-research-report
This report aims to provide a comprehensive presentation of the global market for Left Ventricular Assist Device (LVAD), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Left Ventricular Assist Device (LVAD).
AbioMed, Abbott (Thoratec), Medtronic (HeartWare), Berlin Heart, etc. are the leaders of the industry, with high-end customers.
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