Ventricular Assist Devices Market Size & Share, By Type (Left Ventricular Assist Device, Right Ventricular Assist Device, Biventricular Assist Device); Design; Application; End user; Age Group - SWOT Analysis, Competitive Strategic Insights, Regional Trends 2025-2037

  • Report ID: 1410
  • Published Date: Jun 19, 2025
  • Report Format: PDF, PPT

Ventricular Assist Devices Market Outlook:

Ventricular Assist Devices Market size was valued at USD 2.77 billion in 2024 and is set to reach USD 8.91 billion by the end of 2037, expanding at around 9.4% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of ventricular assist devices is estimated at USD 2.98 billion.

In 2023, the worldwide pool for VADs mainly consists of patients with heart failure conditions at the end stage, undergoing destination therapy. The worldwide trade structure for the VAD components includes the assembly of pumps and sensors. The raw material supply chain includes titanium, electronic components such as batteries and sensors, and polymers. In the last few years, shortages of batteries and semiconductors have caused delays in the VAD production. To overcome this, companies are opening VAD production facilities to lower their dependency on other countries.

The government in the U.S. allocates funds for researching Ventricular Assist Devices (VADs) with the help of agencies such as the National Institutes of Health (NIH). These fundings help make it safer and effective for the patients. Ventricular assist devices market players have developed smaller and quieter VADs, operative for 10 years without replacement. Hospitals are conducting testing on 3D-printed VAD components customized to individual patients. More doctors are monitoring patients remotely to anticipate complications or any emergencies even before they happen. Healthcare practitioners are preferring smart VADs, which are AI-enabled and helpful in adjusting blood flow based on the patient's activity.

Ventricular Assist Devices Market Size
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Growth Drivers

  • Rising heart failure prevalence and aging populations: According to the American Heart Association, in 2024, over 10 million people globally suffered from advanced heart failure. For instance, in Germany, VAD-eligible patients surged by 12.2% since 2020, reaching almost 250,100 in 2024. The aging population in the U.S. and Japan is projected to drive the long-term demand. Additionally, there are very limited donor hearts for the transplant. It has been estimated that only 3,800 heart transplants are performed yearly in the world. This leaves the patients reliant on Ventricular Assist Devices, further fueling the ventricular assist devices market growth.
     
  • Technological advancements and miniaturization: In 2024, HeartMate 3 was launched by Abbott and has gained 10 years of lifespan, up from 5 years. Also, Medtronic’s wireless VAD prototype eradicates driveline infections. The advent of miniaturization has eradicated the bulky pulsatile pumps, which were prone to mechanical failure. The 2nd and 3rd generation devices are quite small and more durable. The miniaturized VADs reduce the invasiveness and lower the post-operative complications. The durability and safety improvements have boosted the adoption rate of the equipment.
  • Healthcare quality improvement initiatives: The Healthcare Research and Quality (AHRQ) is emphasizing frugal interventions for the management of heart failure by including VADs. The study highlighted that the implantation of VADs in patients lowers the hospital costs and readmissions by 25.4%, saving USD 1.22 billion in healthcare costs. Healthcare providers are adopting protocols recommended by the AHRQ for VAD implantation and conducting port operative care to enhance patient outcomes. These practices are also encouraging wider adoption of the VADs, further fueling the ventricular assist devices market growth globally.

Historical Patient-Pool Growth (2010–2020)

In the last decade, the worldwide adoption of VADs, especially continuous-flow left VADs, has been widely adopted in various countries. The patient base has grown with the upgradation of the clinical protocols, and there is improved reimbursement. In numerous countries, early adoption was driven by robust public healthcare financing and the presence of a centralized implementation program. More patients are opting for VADs over transplants because of fewer complications. Hospitals are prioritizing VAD programs to lower the cases of readmission. 

Ventricular Assist Devices Patient Growth by Country (2010–2020)

Country

2010 Patients

2020 Patients

CAGR (2010–2020)

Notes

USA

1,092

3,198

11.2%

Rapid growth via expanded Medicare coverage

Germany

1,050

~1,420

~3.1%

Supported by early adoption in university hospitals

France

1,010

~1,260

~2.2%

National LVAD program with consistent implant growth

Spain

190

~430

~8.5%

Gradual adoption tied to transplant infrastructure

Australia

50

~210

~15.3%

Limited centers, high per-patient cost

Japan

100

~310

~11.8%

Post-approval growth after HeartMate II approval in 2013–2014

India

0

~110

Private sector-led adoption

China

0

~160

Concentrated in Beijing, Shanghai, and Guangzhou

Feasible Expansion Models Shaping Future Ventricular Assist Devices Market

The growth of the sector is driven by the well-structured expansion of the models, fostering reimbursement optimization and model partnerships. The global healthcare system is becoming compliant with surging cardiovascular disease burdens and various initiatives taken by governments. Also, governments are framing reimbursement policies and emphasizing local manufacturing to scale the path for VAD adoption globally. Public-private partnerships are leveraging government funding for VAD adoption. Governments have also expanded the coverage for the destination therapy for VADs.

Model

Region

Period

Revenue Change

Key Driver

CMS‑certified hospital network

USA

2022–2023

+12 %

Accreditation + Medicare reimbursement

Medicare Part B outpatient

USA

2023

+15 %

Outpatient coverage policy revision

PLI‑incentivized manufacture

India

2021–2024

+15 % CAGR

Local production incentives

PPP procurement + local regs

India

2021–2024

Value-based procurement, tier‑2 access

Challenges

  • Stringent regulatory approvals: The market entry of the companies gets delayed due to the long approval time. For example, Carmat’s artificial heart witnessed an 18-19 month delay in getting the approval from the EU due to the implementation of the new rules. Also, almost 41% of VAD companies have cited regulatory hurdles as their top growth constraint.
     
  • Limited reimbursement policies: In the U.S., Medicare and Medicaid cover only 50.1% of the VAD costs. Additionally, the low-income countries lack insurance frameworks. For instance, Abbott has worked with India for the Ayushman Bharat program to get subsidies for HeartMate 3 for around 5,000 patients. The World Health Organization stated in 2023 that only 15.3% of heart failure patients can afford VADs.

Ventricular Assist Devices Market Size and Forecast:

Report Attribute Details

Base Year

2024

Forecast Year

2025-2037

CAGR

9.4%

Base Year Market Size (2024)

USD 2.77 billion

Forecast Year Market Size (2037)

USD 8.91 billion

Regional Scope

  • North America (U.S. and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Ventricular Assist Devices Market Segmentation:

Type Segment Analysis

The continuous flow VADs segment is anticipated to lead the market, garnering 56% of the share by 2037. The growth of the ventricular assist devices market can be attributed to the technological advancements that have enhanced the survival rates of patients and lowered the risk factors. For example, the HeartMate 3 has been approved by the FDA to lower the rates of stroke in comparison with the pump thrombosis. The widespread adoption of the flow VADs is further aided by Medicare’s National Coverage Determination, which has expanded the eligibility criteria. The fully magnetically levitated pumps cause no clotting and have zero friction.

End User Segment Analysis

The hospital's segment is anticipated to garner a share of 63.2% by the end of 2037, owing to the rising need for post-operative care and intensive management of infections. The Centers for Medicare & Medicaid Services (CMS) mandates that the implementation of the VAD be conducted in hospitals accredited by the Joint Commission. Moreover, the Centers for Disease Control and Prevention focus on the hospital-based infection surveillance protocols as necessary for long-term outcomes. Also, the hospitals are primary VAD implant centers, with 91% of the procedures performed in cardiac specialty units.

Our in-depth analysis of the global ventricular assist devices market includes the following segments:

Segment

Subsegment

Type

  • Left Ventricular Assist Device (LVAD)
  • Right Ventricular Assist Device (RVAD)
  • Biventricular Assist Device (BiVAD)

Design

  • Continuous Flow VAD
  • Pulsatile Flow VAD

Application

  • Bridge-to-Transplant
  • Destination Therapy
  • Bridge-to-Recovery

End user

  • Hospitals
  • Ambulatory Surgical Centers
  • Home-Care Settings

Age Group

  • Pediatric
  • Adults (19–64 years)
  • Geriatric (65+ years)
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Vishnu Nair
Head - Global Business Development

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Ventricular Assist Devices Market - Regional Analysis

North America Market Insights

The ventricular assist devices market in North America is anticipated to garner a maximum share of 45.5% by 2037, owing to the presence of advanced healthcare infrastructure and a high rate of heart failure cases. The FDA approvals are becoming fast-tracked, enabling faster commercialization. Prominent hospitals such as the Mayo and Cleveland Clinic have reported a 21% annual surge in VAD implants. Manufacturers in the region are addressing these hurdles by making strategic partnerships and introducing various training initiatives. Also, there is an increasing investment in AI-enabled remote monitoring, which is also fueling the ventricular assist devices market growth in the region. 

The market in the U.S. is driven by humongous federal investments and the presence of favorable reimbursement policies. The National Coverage Determination policy was revised in 2020, permitting the local MACs to give VAD implantation approval. Additionally, the spending from Medicare on VADs has reached USD 805 million, showcasing a 15.4% surge from the last 4 years. The Centers for Disease Control and Prevention found that heart failure is affecting over 6.51 million residents, directly supporting the demand for the VAD in the country.

Asia-Pacific Market Insights

The Asia Pacific ventricular assist devices market is anticipated to garner a CAGR of 12.8% during the forecasted period, owing to aging demographics and a surge in healthcare funding. Japan and China are the leading countries and dominate the market in the region due to the presence of advanced healthcare infrastructure. In Japan, the government's spending on cardiac infrastructure was 12.2% higher in 2024 in comparison with 2022. Also, in 2024, there were almost 45,100 VAD recipients in the country. In 2023, the Tokyo University Hospital implanted almost 510 HeartMate 3 devices.

Ventricular Assist Devices Market – Country-wise Overview

Country

Government Investment & Trends

Recent Industry Developments

China

Govt spending on cardiovascular devices ↑15.2% (2018–2023); over 1.5M HF patients diagnosed in 2023

NMPA approved 4th domestic LVAD (2023); local players like Suzhou Evaheart are expanding production

India

Spending ↑18.1% (2015–2023); $1.8B annually; >2.4M patients treated in 2023

HeartMate 3 & Jarvik 2000 imported

Indonesia

Public cardiac care funding ↑12.2% since 2020; VAD access via BPJS (universal healthcare) is increasing

Jakarta Heart Institute partnered with Medtronic for training and VAD deployment (2024)

Malaysia

VAD patient volume doubled (2013–2023); 21% rise in gov’t funding over decade

National Heart Institute (IJN) expanded implantable VAD program; Abbott partnered on training

Australia

Medicare supports advanced cardiac devices; >2,000 VAD implants annually

HeartWare HVAD and HeartMate 3 are widely used

South Korea

Estimated â‚©260B allocated; ~20,000 implantations reported in 2022

Seoul National University Hospital collaborates with Abiomed; VAD trials funded by the MOHW

Ventricular Assist Devices Market Share
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Key Ventricular Assist Devices Market Players:

    The competitive landscape of the ventricular assist devices market is rapidly evolving as established key players, healthcare giants, and new entrants are investing in including novel medicines. Key players in the market are focused on developing new technologies and products that cater to the stringent regulatory norms and consumer demand.  These key players are adopting several strategies, such as mergers and acquisitions, joint ventures, partnerships, and novel product launches, to enhance their product base and strengthen their market position.

    Top 15 Global Manufacturers in the Ventricular Assist Devices Market:

    Company Name

    Country of Origin

    Est. Market Share (2024)

    Abbott Laboratories

    USA

    17.4%

    Medtronic plc

    Ireland (Global HQ USA)

    13.4%

    Berlin Heart GmbH

    Germany

    9.5%

    Abiomed Inc. (Johnson & Johnson MedTech)

    USA

    9.2%

    Jarvik Heart Inc.

    USA

    8.2%

    Terumo Corporation

    Japan

    xx%

    SynCardia Systems LLC

    USA

    xx%

    Evaheart Inc.

    Japan

    xx%

    Calon Cardio-Technology Ltd

    UK

    xx%

    CH Biomedical Inc.

    China

    xx%

    Leviticus Cardio Ltd.

    Israel

    xx%

    CoreMedic GmbH

    Germany

    xx%

    ReliantHeart Inc.

    USA

    xx%

    Sun Medical Technology Research Corp.

    Japan

    xx%

    Insightra Medical Inc.

    USA

    xx%

    Below are the areas covered for each company in the global ventricular assist devices market:

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis

Recent Developments

  • In June 2024, Medtronic launched the next-generation HeartWare HVAD System. The company unveiled an upgraded HVAD pump featuring advanced rotor dynamics and integrated patient monitoring. This launch aided a 10% regional market share boost in across US and EU cardiology centers.
  • In July 2024, Abiomed Impella CP 5.0 got FDA approval for cardiogenic shock support. Hospitals reported a 12% rise in Impella-based procedures post-launch. The upgraded Impella pump, a minimally invasive cardiac assist device, has been enhanced to deliver higher flow rates, providing more robust hemodynamic support for patients.

Author Credits:  Radhika Pawar

  • Report ID: 1410
  • Published Date: Jun 19, 2025
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Currently in 2025, the industry revenue of ventricular assist devices is evaluated at USD 2.98 billion.

The global ventricular assist devices market is set to rise from USD 2.77 billion in 2024 to USD 8.91 billion by 2037, witnessing a CAGR of more than 9.4% throughout the forecast period, between 2025 and 2037.

The North America region ventricular assist devices market is projected to register a remarkable revenue share of 45.5% between 2025 and 2037.

The major players in the market include Abbott Laboratories, Medtronic plc, Berlin Heart GmbH, Abiomed Inc. (Johnson & Johnson MedTech), Jarvik Heart Inc., Terumo Corporation, SynCardia Systems LLC, Evaheart Inc. and other.
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