Description
The global heart pump market size was valued at USD 3.37 billion in 2022 and is projected to reach USD 13.60 billion by 2033, growing at a CAGR of 19.2 % during the forecast period.Insights of the report covers the drivers, restraints, challenges & opportunities for Heart Pump market growth. A detailed PESTEL analysis is also included in the report. The report covers a thorough regional analysis of the Heart Pump industry at local, regional and global level. Segment wise market share estimation & Industry potential is also covered.
Market Overview:
Globally, heart failure is a prevalent condition. Half of those who acquire heart failure pass away within five years, according to the World Health Organization (WHO). When a donor heart is not immediately available, a heart pump is used temporarily. Heart pump devices maintain blood flow and are withdrawn to make room for an implanted heart. In order to keep the heart beating, there is a growing need for heart pump devices due to the rising prevalence of heart failure.
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Top companies in the Heart Pump Market are:
- Abbott Laboratories
- Cardiacassist
- Medtronic
- Abiomed
- Teleflex Incorporated
- Getinge AB.
- Terumo Europe NV
- HeartWare
- Jarvik Heart Inc.
- Thoratec Corporation
- Medtronic
- Fresenius Medical Care AG & Co. KGaA
- Others
The leading companies of the Heart Pump industry, their market share, product portfolio, company profiles are covered in this report. Key market players are analyzed on the basis of production volume, gross margin, market value, and price structure. The competitive market scenario among Heart Pump players will help the industry aspirants in planning their strategies. The statistics presented in this report are an accurate and useful guide to shaping your business growth.
Market Segments:
By Type
- Implantable Heart Pump Devices
- Extracorporeal Heart Pump Devices
By Product
- Ventricular Assist Devices (VADs)
- Intra-Aortic Balloon Pumps (IABPs)
- Total Artificial Heart (TAH)
Heart Pump Device Market Dynamics:
Global Heart Pump Device Market Drivers:
The growing senior population and the incidence of cardiovascular illnesses are the primary driving forces behind the market for heart pump devices. Depending on the kind of cardiovascular disease you have, there are numerous heat pumps available to support your cardiovascular system. They are a viable therapeutic alternative to support mechanical circulation and heart pump devices for those with weak hearts or irregular blood flow.
They are carefully implanted and designed to provide short- or long-term cardiac support. The need for heart transplants is greatly increasing as a result of the increased frequency of heart failure and CVDs. But because there aren't enough hearts available for transplants to meet the present demand, there is a global shortage. The national database of the Health Resources and Services Administration indicates that around 3,980 individuals were in line for
Opportunity: Promising Product Pipeline:
Many firms with products in the developmental stage make up the heart pump device market. Businesses who are working on items concentrate on creating cutting-edge solutions that will spur market expansion.
One active sector of device innovation that is expected to have a spike in launches and approvals in the upcoming years is the TAH business. The pipeline TAHs and their corresponding stages are listed in the table below.
Future users will likely choose these TAHs over the SynCardia Total Heart (single player until December 2020) because to their superior features. In December 2020, for example, the entire artificial heart made by was granted the CE Mark.
This research report also presents practical and practical case studies to help you get a clearer understanding of the topic. This research report has been prepared through industry analysis techniques and presented in a professional manner by including effective information graphics whenever necessary. It helps ensure business stability and rapid development to achieve notable remarks in the global Heart Pump market.
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Finally, Heart Pump Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report provides locales, economic conditions, item values, benefits, limits, creations, supplies, requests, market development rates, and numbers, etc. Heart Pump Industry Report Announces Additional New Task SWOT Examination, Speculation Achievement Investigation and Venture Return Investigation.
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