South Korea Ventricular Assist Devices Market

ID: MRFR/HC/49687-HCR
200 Pages
Rahul Gotadki
Last Updated: February 06, 2026
South Korea Ventricular Assist Devices Market Research Report: Size, Share, Trend Analysis By Product Type (Left Ventricular Assist Device, Right Ventricular Assist Device, Biventricular Assist Device), By Types of Flow (Continuous Flow, Pulsatile Flow), By Design (Implantable Ventricular Assist Device, Transcutaneous Ventricular Assist Device) and By Applications (Destination Therapy, Bridging Therapy) - Growth Outlook & Industry Forecast 2025 To 2035
South Korea Ventricular Assist Devices Market
Market Size
Forecast Period2025 - 2035
CAGR (2025 - 2035)8.22%
2024 Market Size$ 39 Million
2025 Market Size$ 42.21 Million
2035 Market Size$ 93 Million
Key Players
Abbott
Medtronic
Boston Scientific
Terumo
Cleveland Heart
ReliantHeart
Trends
  • Technological Advancements
  • Government Support and Regulation
  • Rising Patient Awareness
Opportunities
  • Advancements in Medical Technology
  • Increasing Incidence of Heart Failure
  • Aging Population and Healthcare Demand
Summary Table of Contents Segmentation Download PDF
  1. 1 SECTION I: EXECUTIVE SUMMARY AND KEY HIGHLIGHTS
    1. 1.1 EXECUTIVE SUMMARY
      1. 1.1.1 Market Overview
      2. 1.1.2 Key Findings
      3. 1.1.3 Market Segmentation
      4. 1.1.4 Competitive Landscape
      5. 1.1.5 Challenges and Opportunities
      6. 1.1.6 Future Outlook
  2. 2 SECTION II: SCOPING, METHODOLOGY AND MARKET STRUCTURE
    1. 2.1 MARKET INTRODUCTION
      1. 2.1.1 Definition
      2. 2.1.2 Scope of the study
        1. 2.1.2.1 Research Objective
        2. 2.1.2.2 Assumption
        3. 2.1.2.3 Limitations
    2. 2.2 RESEARCH METHODOLOGY
      1. 2.2.1 Overview
      2. 2.2.2 Data Mining
      3. 2.2.3 Secondary Research
      4. 2.2.4 Primary Research
        1. 2.2.4.1 Primary Interviews and Information Gathering Process
        2. 2.2.4.2 Breakdown of Primary Respondents
      5. 2.2.5 Forecasting Model
      6. 2.2.6 Market Size Estimation
        1. 2.2.6.1 Bottom-Up Approach
        2. 2.2.6.2 Top-Down Approach
      7. 2.2.7 Data Triangulation
      8. 2.2.8 Validation
  3. 3 SECTION III: QUALITATIVE ANALYSIS
    1. 3.1 MARKET DYNAMICS
      1. 3.1.1 Overview
      2. 3.1.2 Drivers
      3. 3.1.3 Restraints
      4. 3.1.4 Opportunities
    2. 3.2 MARKET FACTOR ANALYSIS
      1. 3.2.1 Value chain Analysis
      2. 3.2.2 Porter's Five Forces Analysis
        1. 3.2.2.1 Bargaining Power of Suppliers
        2. 3.2.2.2 Bargaining Power of Buyers
        3. 3.2.2.3 Threat of New Entrants
        4. 3.2.2.4 Threat of Substitutes
        5. 3.2.2.5 Intensity of Rivalry
      3. 3.2.3 COVID-19 Impact Analysis
        1. 3.2.3.1 Market Impact Analysis
        2. 3.2.3.2 Regional Impact
        3. 3.2.3.3 Opportunity and Threat Analysis
  4. 4 SECTION IV: QUANTITATIVE ANALYSIS
    1. 4.1 Medical Device, BY Product Type (USD Million)
      1. 4.1.1 Left Ventricular Assist Device (LVAD)
      2. 4.1.2 Right Ventricular Assist Device (RVAD)
      3. 4.1.3 Biventricular Assist Device (BIVAD)
    2. 4.2 Medical Device, BY Type of Flow (USD Million)
      1. 4.2.1 Continuous Flow
      2. 4.2.2 Pulsatile Flow
    3. 4.3 Medical Device, BY Design (USD Million)
      1. 4.3.1 Implantable Ventricular Assist Device
      2. 4.3.2 Transcutaneous Ventricular Assist Device
    4. 4.4 Medical Device, BY Application (USD Million)
      1. 4.4.1 Destination Therapy
      2. 4.4.2 Bridging Therapy
  5. 5 SECTION V: COMPETITIVE ANALYSIS
    1. 5.1 Competitive Landscape
      1. 5.1.1 Overview
      2. 5.1.2 Competitive Analysis
      3. 5.1.3 Market share Analysis
      4. 5.1.4 Major Growth Strategy in the Medical Device
      5. 5.1.5 Competitive Benchmarking
      6. 5.1.6 Leading Players in Terms of Number of Developments in the Medical Device
      7. 5.1.7 Key developments and growth strategies
        1. 5.1.7.1 New Product Launch/Service Deployment
        2. 5.1.7.2 Merger & Acquisitions
        3. 5.1.7.3 Joint Ventures
      8. 5.1.8 Major Players Financial Matrix
        1. 5.1.8.1 Sales and Operating Income
        2. 5.1.8.2 Major Players R&D Expenditure. 2023
    2. 5.2 Company Profiles
      1. 5.2.1 Abbott (US)
        1. 5.2.1.1 Financial Overview
        2. 5.2.1.2 Products Offered
        3. 5.2.1.3 Key Developments
        4. 5.2.1.4 SWOT Analysis
        5. 5.2.1.5 Key Strategies
      2. 5.2.2 Medtronic (US)
        1. 5.2.2.1 Financial Overview
        2. 5.2.2.2 Products Offered
        3. 5.2.2.3 Key Developments
        4. 5.2.2.4 SWOT Analysis
        5. 5.2.2.5 Key Strategies
      3. 5.2.3 Boston Scientific (US)
        1. 5.2.3.1 Financial Overview
        2. 5.2.3.2 Products Offered
        3. 5.2.3.3 Key Developments
        4. 5.2.3.4 SWOT Analysis
        5. 5.2.3.5 Key Strategies
      4. 5.2.4 Terumo (JP)
        1. 5.2.4.1 Financial Overview
        2. 5.2.4.2 Products Offered
        3. 5.2.4.3 Key Developments
        4. 5.2.4.4 SWOT Analysis
        5. 5.2.4.5 Key Strategies
      5. 5.2.5 Cleveland Heart (US)
        1. 5.2.5.1 Financial Overview
        2. 5.2.5.2 Products Offered
        3. 5.2.5.3 Key Developments
        4. 5.2.5.4 SWOT Analysis
        5. 5.2.5.5 Key Strategies
      6. 5.2.6 ReliantHeart (US)
        1. 5.2.6.1 Financial Overview
        2. 5.2.6.2 Products Offered
        3. 5.2.6.3 Key Developments
        4. 5.2.6.4 SWOT Analysis
        5. 5.2.6.5 Key Strategies
      7. 5.2.7 Syncardia (US)
        1. 5.2.7.1 Financial Overview
        2. 5.2.7.2 Products Offered
        3. 5.2.7.3 Key Developments
        4. 5.2.7.4 SWOT Analysis
        5. 5.2.7.5 Key Strategies
      8. 5.2.8 Getinge (SE)
        1. 5.2.8.1 Financial Overview
        2. 5.2.8.2 Products Offered
        3. 5.2.8.3 Key Developments
        4. 5.2.8.4 SWOT Analysis
        5. 5.2.8.5 Key Strategies
      9. 5.2.9 CardiacAssist (US)
        1. 5.2.9.1 Financial Overview
        2. 5.2.9.2 Products Offered
        3. 5.2.9.3 Key Developments
        4. 5.2.9.4 SWOT Analysis
        5. 5.2.9.5 Key Strategies
    3. 5.3 Appendix
      1. 5.3.1 References
      2. 5.3.2 Related Reports
  6. 6 LIST OF FIGURES
    1. 6.1 MARKET SYNOPSIS
    2. 6.2 SOUTH KOREA MARKET ANALYSIS BY PRODUCT TYPE
    3. 6.3 SOUTH KOREA MARKET ANALYSIS BY TYPE OF FLOW
    4. 6.4 SOUTH KOREA MARKET ANALYSIS BY DESIGN
    5. 6.5 SOUTH KOREA MARKET ANALYSIS BY APPLICATION
    6. 6.6 KEY BUYING CRITERIA OF MEDICAL DEVICE
    7. 6.7 RESEARCH PROCESS OF MRFR
    8. 6.8 DRO ANALYSIS OF MEDICAL DEVICE
    9. 6.9 DRIVERS IMPACT ANALYSIS: MEDICAL DEVICE
    10. 6.10 RESTRAINTS IMPACT ANALYSIS: MEDICAL DEVICE
    11. 6.11 SUPPLY / VALUE CHAIN: MEDICAL DEVICE
    12. 6.12 MEDICAL DEVICE, BY PRODUCT TYPE, 2024 (% SHARE)
    13. 6.13 MEDICAL DEVICE, BY PRODUCT TYPE, 2024 TO 2035 (USD Million)
    14. 6.14 MEDICAL DEVICE, BY TYPE OF FLOW, 2024 (% SHARE)
    15. 6.15 MEDICAL DEVICE, BY TYPE OF FLOW, 2024 TO 2035 (USD Million)
    16. 6.16 MEDICAL DEVICE, BY DESIGN, 2024 (% SHARE)
    17. 6.17 MEDICAL DEVICE, BY DESIGN, 2024 TO 2035 (USD Million)
    18. 6.18 MEDICAL DEVICE, BY APPLICATION, 2024 (% SHARE)
    19. 6.19 MEDICAL DEVICE, BY APPLICATION, 2024 TO 2035 (USD Million)
    20. 6.20 BENCHMARKING OF MAJOR COMPETITORS
  7. 7 LIST OF TABLES
    1. 7.1 LIST OF ASSUMPTIONS
  8. 7.1.1
    1. 7.2 South Korea MARKET SIZE ESTIMATES; FORECAST
      1. 7.2.1 BY PRODUCT TYPE, 2025-2035 (USD Million)
      2. 7.2.2 BY TYPE OF FLOW, 2025-2035 (USD Million)
      3. 7.2.3 BY DESIGN, 2025-2035 (USD Million)
      4. 7.2.4 BY APPLICATION, 2025-2035 (USD Million)
    2. 7.3 PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
  9. 7.3.1
    1. 7.4 ACQUISITION/PARTNERSHIP
  10. 7.4.1

South Korea South Korea Ventricular Assist Devices Market Segmentation

South Korea Ventricular Assist Devices Market By Product Type (USD Million, 2025-2035)

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

South Korea Ventricular Assist Devices Market By Type of Flow (USD Million, 2025-2035)

  • Continuous Flow
  • Pulsatile Flow

South Korea Ventricular Assist Devices Market By Design (USD Million, 2025-2035)

  • Implantable Ventricular Assist Device
  • Transcutaneous Ventricular Assist Device

South Korea Ventricular Assist Devices Market By Application (USD Million, 2025-2035)

  • Destination Therapy
  • Bridging Therapy

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