The global ventricular assist device market size was valued at USD 1.8 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 17.6% from 2021 to 2028. Some of the major factors anticipated to drive the demand for Ventricular Assist Devices (VADs) include the growing global geriatric population suffering from the rising prevalence of chronic disorders like diabetes, neurological disorders, cardiovascular diseases, hypertension, and stroke.
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Ventricular Assist Device Market Size, Share, Price, Trends 2022-2027
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Ventricular Assist Device Market Size, Share, Price, Trends 2022-2027

According to Expert Market Research, the global ventricular assist device market stood at a value of around USD 1.17 billion in 2020 and is predicted to grow at a CAGR of 11.6% over the forecast period of 2022-2027.