The Business Research Company’s report on the Heart Pump Devices Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the heart pump devices market’s growth in recent years?
The increasing prevalence of cardiovascular disorders is expected to propel the heart pump devices market going forward. Cardiovascular disorders refer to a term for the conditions affecting the heart or blood vessels. The rise in cardiovascular diseases would require advanced diagnostics and treatments such as heart pump devices that help pump blood from the lower left heart chamber that is used to help maintain blood flow during high-risk protected percutaneous coronary interventions, which would increase the demand for the market. For instance, in March 2024, according to data published by the Office for Health Improvement and Disparities, a UK-based government, in 2023 there were just over 1,862,500 people (3%) with a GP diagnosis of CHD in England. Therefore, the increasing prevalence of cardiovascular disorders is driving the growth of the heart pump devices market.
Access Your Free Sample of the Global Heart Pump Devices Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=8766&type=smp
How does the future projection of the heart pump devices market size compare to its historical growth?
The heart pump devices market size has grown rapidly in recent years. It will grow from $3.79 billion in 2024 to $4.5 billion in 2025 at a compound annual growth rate (CAGR) of 18.8%. The growth in the historic period can be attributed to increased prevalence of cardiovascular diseases, aging population, awareness and education, government initiatives and funding, improved surgical techniques.
The heart pump devices market size is expected to see rapid growth in the next few years. It will grow to $8.86 billion in 2029 at a compound annual growth rate (CAGR) of 18.4%. The growth in the forecast period can be attributed to rising global healthcare expenditure, emerging markets and untapped opportunities, personalized medicine and customization, increasing regulatory approvals, growing patient awareness. Major trends in the forecast period include technological advancements, remote monitoring and connectivity, long-term mechanical support, miniaturization and portability, artificial intelligence integration.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=8766&type=smp
Which key players are shaping the future of the heart pump devices market?
Major companies operating in the heart pump devices market are MedtronicPLC, Abbott Laboratories, Boston Scientific Corporation, Terumo Corporation, Getinge AB, Cardiomedix, ReliantHeart, CardiacAssist, SynCardia Systems, CARMAT, Sorin Group, BiVACOR, Bristol-Myers Squibb, MicroMed Cardiovascular, Aortica Corporation, Fresenius Kabi, Acelity, Asahi Kasei Medical, LivaNova, HeartWare International, Jarvik Heart, MediCardia, Avinger, Nuvectra, OrbusNeich, Ventracor, EBR Systems, and CorWave
What trends will propel the growth and evolution of the heart pump devices market?
Major companies operating in the heart pump devices market are focusing on innovative technologies such as self-expanding mechanisms to enhance device efficiency, improve patient outcomes, and reduce the risk of complications during implantation. A self-expanding mechanism is a device design that automatically expands to its full size upon deployment, typically using materials or structures that allow for this expansion without the need for additional external forces. For instance, in June 2023, Magenta Medical, an Israeli company, is advancing its innovative heart pump technology and launching the world’s smallest heart pump. The Elevate Pump is a percutaneous Left Ventricular Assist Device (VAD) that fits into an 8 French (Fr) delivery system, making it one of the smallest devices available in its category.
Which regions are expected to become dominant players in the heart pump devices market?
North America was the largest region in the heart pump devices market share in 2024. The regions covered in the heart pump devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/heart-pump-devices-global-market-report
What are the emerging key segments in the heart pump devices market, and how are they evolving?
The heart pump devices market covered in this report is segmented –
1) By Type: Implantable Heart Pump Devices, Extracorporeal Heart Pump Devices
2) By Therapy: Bridge-To-Transplant (BTT), Bridge-To-Candidacy (BTC), Destination Therapy (DT), Other Therapies
3) By End-user: Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Other End-users
Subsegments:
1) By Implantable Heart Pump Devices: Left Ventricular Assist Devices (LVADs), Right Ventricular Assist Devices (RVADs), Biventricular Assist Devices (BiVADs), Total Artificial Hearts (TAHs)
2) By Extracorporeal Heart Pump Devices: Intra-Aortic Balloon Pumps (IABPs), Extracorporeal Membrane Oxygenation (ECMO) Devices, Ventricular Assist Devices (Temporary): Centrifugal Blood Pumps
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8766
How is the heart pump devices market defined?
A heart pump device is a mechanical support device that helps to pump blood from the chambers of the heart to the rest of the body. It is used to temporarily help the pumping action of the heart.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
