Report Scope & Overview:
Heart Pump Market size was valued at USD 3.37 Billion in 2022 and is projected to reach USD 13.60 Billion by 2030, growing at a CAGR of 19% from 2023 to 2030.
Global Heart Pump Market research provides insights into consumer behavior, industry trends, and market competition through the use of various research techniques, including surveys, interviews, and data analysis. The industry serves a wide range of clients, including businesses, government agencies, and non-profit organizations. Heart Pump Market is highly diverse, with a range of services and specialties, including quantitative and qualitative research, brand research, product testing, customer satisfaction research, and competitive analysis.
Overall, Heart Pump market plays a crucial role in helping businesses and organizations make informed decisions based on data-driven insights. As the demand for data-driven decision-making continues to grow, Heart Pump market research is expected to experience further growth and innovation in the coming years.
Heart Pump Market Key Trends
Increasing adoption of ventricular assist devices (VADs): VADs are a type of heart pump used to support or replace the pumping function of the heart in patients with heart failure. The market for VADs is witnessing significant growth due to advancements in device technology, improved outcomes, and a growing population of heart failure patients.
Technological advancements in heart pump devices: The heart pump market is experiencing continuous advancements in device technology, including miniaturization, improved durability, reduced power consumption, and enhanced remote monitoring capabilities. These advancements aim to improve patient outcomes, increase device longevity, and enhance patient quality of life.
Rise in the prevalence of heart failure: The increasing prevalence of heart failure globally is driving the demand for heart pump devices. Factors such as aging populations, sedentary lifestyles, and the rising burden of cardiovascular diseases contribute to the growing need for advanced heart failure management solutions.
Growing emphasis on destination therapy: Destination therapy refers to the long-term use of a heart pump device in patients who are not eligible for heart transplantation. With improvements in device technology and long-term outcomes, destination therapy is becoming an important treatment option, leading to the growth of the heart pump market.
Shift towards less invasive and percutaneous heart pump devices: There is a trend towards developing less invasive and percutaneous heart pump devices. These devices aim to reduce surgical complexities, shorten hospital stays, and improve patient recovery. Percutaneous heart pumps, such as temporary circulatory support devices, offer a bridge to recovery or to more definitive therapies.
Focus on patient-centered care and quality of life: Heart pump manufacturers are increasingly focusing on patient-centered care and improving the quality of life for patients with advanced heart failure. This includes features such as smaller and more discreet device designs, enhanced mobility, and improved patient comfort.
Growing adoption of remote monitoring and telehealth: Remote monitoring capabilities are being integrated into heart pump devices, allowing healthcare professionals to monitor patients' device performance and health remotely. Telehealth platforms are also being utilized to facilitate virtual consultations and remote patient management, enhancing patient convenience and access to care.
Expansion of reimbursement coverage: As the clinical evidence supporting the effectiveness of heart pump devices continues to accumulate, reimbursement coverage for these devices is expanding. This trend improves patient access to advanced heart failure treatments and contributes to market growth.
Collaborations and partnerships: Heart pump manufacturers are entering into collaborations and partnerships with healthcare providers, research institutions, and technology companies to drive innovation, conduct clinical trials, and improve patient outcomes. These collaborations aim to accelerate the development and adoption of advanced heart pump technologies.
Market Segmentations:Global Heart Pump Market: By Company
• Abbott Laboratories
• Abiomed
• Medtronic
• Getinge
• Syncardia Systems
• Teleflex
• Reliantheart
• Terumo
• Berlin Heart
• Jarvik Heart
• Cardiacassist
• Fresenius Medical Care
Global Heart Pump Market: By Type
• Implantable Heart Pump Devices
• Extracorporeal Heart Pump Devices
Global Heart Pump Market: By Application
• Bridge-to-transplant (BTT)
• Bridge-to-candidacy (BTC)
• Destination Therapy (DT)
• Others
Global Heart Pump Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Heart Pump market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 3.37 Billion |
| Market Size 2030 | USD 13.60 Billion |
| Compound Annual Growth Rate (CAGR) | 19%(2023-2030) |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Historical Data | 2018-2030 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| By Type | • Implantable Heart Pump Devices • Extracorporeal Heart Pump Devices |
| By Application | • Bridge-to-transplant (BTT) • Bridge-to-candidacy (BTC) • Destination Therapy (DT) • Others |
| Key Companies Profiled | • Abbott Laboratories • Abiomed • Medtronic • Getinge • Syncardia Systems • Teleflex • Reliantheart • Terumo • Berlin Heart • Jarvik Heart • Cardiacassist • Fresenius Medical Care |
| Regions and Key Countries Covered | U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America |
| Customization Scope | Available on Request |
• To gain insights into market trends and dynamics: this reports provide valuable insights into industry trends and dynamics, including market size, growth rates, and key drivers and challenges.
• To identify key players and competitors: this research reports can help businesses identify key players and competitors in their industry, including their market share, strategies, and strengths and weaknesses.
• To understand consumer behavior: this research reports can provide valuable insights into consumer behavior, including their preferences, purchasing habits, and demographics.
• To evaluate market opportunities: this research reports can help businesses evaluate market opportunities, including potential new products or services, new markets, and emerging trends.
• To make informed business decisions: this research reports provide businesses with data-driven insights that can help them make informed business decisions, including strategic planning, product development, and marketing and advertising strategies.
Objectives of Heart Pump Market Study:
The objectives of Heart Pump market research report may vary depending on the specific needs and goals of the business or organization commissioning the report. However, some common objectives of market research reports include:
• Understanding the market size and potential: One of the primary objectives of Heart Pump market research is to understand the size and potential of a particular market. This includes analyzing market trends and dynamics, identifying key players and competitors, and assessing the demand for products or services.
• Identifying target customers and segments: this market research reports can help businesses identify and understand their target customers and market segments, including their preferences, behaviors, and demographics. This information can be used to develop targeted marketing and advertising strategies.
• Evaluating product or service performance: this market research reports can provide valuable insights into the performance of products or services, including customer satisfaction, product usage, and product quality. This information can be used to improve products or services and enhance customer satisfaction.
• Assessing market opportunities and threats: this market research reports can help businesses identify potential market opportunities and threats, including emerging trends, competitive threats, and new market entrants. This information can be used to develop strategic plans and make informed business decisions.
• Developing effective marketing and advertising strategies: this market research reports can help businesses develop effective marketing and advertising strategies by providing insights into customer preferences and behavior, competitive dynamics, and market trends. This can help businesses improve brand awareness, customer engagement, and overall marketing effectiveness.
Frequently Asked Questions
Heart Pump Market size was valued at USD 3.37 Billion in 2022 and is projected to reach USD 13.60 Billion by 2030, growing at a CAGR of 19% from 2023 to 2030.
The heart pump market is primarily driven by factors such as the increasing prevalence of heart failure, advancements in heart pump technology, expanding patient population, rising preference for minimally invasive procedures, and growing investment in research and development activities.
Some challenges and limitations in the heart pump market include the high cost of devices and their implantation, limited reimbursement policies, potential complications and risks associated with device implantation and long-term use, the need for regular monitoring and maintenance, and the requirement for further research and development to enhance device durability and patient outcomes.
Traditionally, North America and Europe have been the largest markets for heart pumps, driven by established healthcare systems and high adoption rates of advanced medical technologies. However, emerging markets in Asia-Pacific, Latin America, and the Middle East are witnessing significant growth due to improving healthcare infrastructure, rising healthcare expenditure, and increasing awareness about advanced treatment options for heart failure.
Emerging trends in the heart pump market include the development of smaller and more portable devices, increasing integration of digital health technologies for remote monitoring and management of heart pump patients, advancements in sensor technology for improved device performance, and the exploration of regenerative medicine approaches for heart failure treatment.
TABLE OF CONTENT
1.1 Product Overview and Scope of Heart Pump
1.2 Heart Pump Segment by Type
1.2.1 Global Heart Pump Market Value Comparison by Type (2023-2029)
1.2.2 Implantable Heart Pump Devices
1.2.3 Extracorporeal Heart Pump Devices
1.3 Heart Pump Segment by Application
1.3.1 Global Heart Pump Market Value by Application: (2023-2029)
1.3.2 Bridge-to-transplant (BTT)
1.3.3 Bridge-to-candidacy (BTC)
1.3.4 Destination Therapy (DT)
1.3.5 Others
1.4 Global Heart Pump Market Size Estimates and Forecasts
1.4.1 Global Heart Pump Revenue 2017-2032
1.4.2 Global Heart Pump Sales 2017-2032
1.4.3 Global Heart Pump Market Average Price (2017-2032)
1.5 Assumptions and Limitations
2 Heart Pump Market Competition by Manufacturers
2.1 Global Heart Pump Sales Market Share by Manufacturers (2017-2023)
2.2 Global Heart Pump Revenue Market Share by Manufacturers (2017-2023)
2.3 Global Heart Pump Average Price by Manufacturers (2017-2023)
2.4 Global Heart Pump Industry Ranking 2021 VS 2022 VS 2023
2.5 Global Key Manufacturers of Heart Pump, Manufacturing Sites & Headquarters
2.6 Global Key Manufacturers of Heart Pump, Product Type & Application
2.7 Heart Pump Market Competitive Situation and Trends
2.7.1 Heart Pump Market Concentration Rate
2.7.2 The Global Top 5 and Top 10 Largest Heart Pump Players Market Share by Revenue
2.7.3 Global Heart Pump Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.8 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Heart Pump Retrospective Market Scenario by Region
3.1 Global Heart Pump Market Size by Region: 2018 Versus 2022 Versus 2029
3.2 Global Heart Pump Global Heart Pump Sales by Region: 2017-2032
3.2.1 Global Heart Pump Sales by Region: 2017-2023
3.2.2 Global Heart Pump Sales by Region: 2023-2032
3.3 Global Heart Pump Global Heart Pump Revenue by Region: 2017-2032
3.3.1 Global Heart Pump Revenue by Region: 2017-2023
3.3.2 Global Heart Pump Revenue by Region: 2023-2032
3.4 North America Heart Pump Market Facts & Figures by Country
3.4.1 North America Heart Pump Market Size by Country: 2018 VS 2023 VS 2032
3.4.2 North America Heart Pump Sales by Country (2017-2032)
3.4.3 North America Heart Pump Revenue by Country (2017-2032)
3.4.4 U.S.
3.4.5 Canada
3.5 Europe Heart Pump Market Facts & Figures by Country
3.5.1 Europe Heart Pump Market Size by Country: 2018 VS 2023 VS 2032
3.5.2 Europe Heart Pump Sales by Country (2017-2032)
3.5.3 Europe Heart Pump Revenue by Country (2017-2032)
3.5.4 Germany
3.5.5 France
3.5.6 U.K.
3.5.7 Italy
3.5.8 Russia
3.6 Asia Pacific Heart Pump Market Facts & Figures by Country
3.6.1 Asia Pacific Heart Pump Market Size by Country: 2018 VS 2023 VS 2032
3.6.2 Asia Pacific Heart Pump Sales by Country (2017-2032)
3.6.3 Asia Pacific Heart Pump Revenue by Country (2017-2032)
3.6.4 China
3.6.5 Japan
3.6.6 South Korea
3.6.7 India
3.6.8 Australia
3.6.9 Taiwan
3.6.10 Indonesia
3.6.11 Thailand
3.6.12 Malaysia
3.6.13 Philippines
3.7 Latin America Heart Pump Market Facts & Figures by Country
3.7.1 Latin America Heart Pump Market Size by Country: 2018 VS 2023 VS 2032
3.7.2 Latin America Heart Pump Sales by Country (2017-2032)
3.7.3 Latin America Heart Pump Revenue by Country (2017-2032)
3.7.4 Mexico
3.7.5 Brazil
3.7.6 Argentina
3.8 Middle East and Africa Heart Pump Market Facts & Figures by Country
3.8.1 Middle East and Africa Heart Pump Market Size by Country: 2018 VS 2023 VS 2032
3.8.2 Middle East and Africa Heart Pump Sales by Country (2017-2032)
3.8.3 Middle East and Africa Heart Pump Revenue by Country (2017-2032)
3.8.4 Turkey
3.8.5 Saudi Arabia
3.8.6 U.A.E
4 Segment by Type
4.1 Global Heart Pump Sales by Type (2017-2032)
4.1.1 Global Heart Pump Sales by Type (2017-2023)
4.1.2 Global Heart Pump Sales by Type (2023-2032)
4.1.3 Global Heart Pump Sales Market Share by Type (2017-2032)
4.2 Global Heart Pump Revenue by Type (2017-2032)
4.2.1 Global Heart Pump Revenue by Type (2017-2023)
4.2.2 Global Heart Pump Revenue by Type (2023-2032)
4.2.3 Global Heart Pump Revenue Market Share by Type (2017-2032)
4.3 Global Heart Pump Price by Type (2017-2032)
5 Segment by Application
5.1 Global Heart Pump Sales by Application (2017-2032)
5.1.1 Global Heart Pump Sales by Application (2017-2023)
5.1.2 Global Heart Pump Sales by Application (2023-2032)
5.1.3 Global Heart Pump Sales Market Share by Application (2017-2032)
5.2 Global Heart Pump Revenue by Application (2017-2032)
5.2.1 Global Heart Pump Revenue by Application (2017-2023)
5.2.2 Global Heart Pump Revenue by Application (2023-2032)
5.2.3 Global Heart Pump Revenue Market Share by Application (2017-2032)
5.3 Global Heart Pump Price by Application (2017-2032)
6 Key Companies Profiled
6.1 Abbott Laboratories
6.1.1 Abbott Laboratories Corporation Information
6.1.2 Abbott Laboratories Description and Business Overview
6.1.3 Abbott Laboratories Heart Pump Sales, Revenue and Gross Margin (2017-2023)
6.1.4 Abbott Laboratories Heart Pump Product Portfolio
6.1.5 Abbott Laboratories Recent Developments/Updates
6.2 Abiomed
6.2.1 Abiomed Corporation Information
6.2.2 Abiomed Description and Business Overview
6.2.3 Abiomed Heart Pump Sales, Revenue and Gross Margin (2017-2023)
6.2.4 Abiomed Heart Pump Product Portfolio
6.2.5 Abiomed Recent Developments/Updates
6.3 Medtronic
6.3.1 Medtronic Corporation Information
6.3.2 Medtronic Description and Business Overview
6.3.3 Medtronic Heart Pump Sales, Revenue and Gross Margin (2017-2023)
6.3.4 Medtronic Heart Pump Product Portfolio
6.3.5 Medtronic Recent Developments/Updates
6.4 Getinge
6.4.1 Getinge Corporation Information
6.4.2 Getinge Description and Business Overview
6.4.3 Getinge Heart Pump Sales, Revenue and Gross Margin (2017-2023)
6.4.4 Getinge Heart Pump Product Portfolio
6.4.5 Getinge Recent Developments/Updates
6.5 Syncardia Systems
6.5.1 Syncardia Systems Corporation Information
6.5.2 Syncardia Systems Description and Business Overview
6.5.3 Syncardia Systems Heart Pump Sales, Revenue and Gross Margin (2017-2023)
6.5.4 Syncardia Systems Heart Pump Product Portfolio
6.5.5 Syncardia Systems Recent Developments/Updates
6.6 Teleflex
6.6.1 Teleflex Corporation Information
6.6.2 Teleflex Description and Business Overview
6.6.3 Teleflex Heart Pump Sales, Revenue and Gross Margin (2017-2023)
6.6.4 Teleflex Heart Pump Product Portfolio
6.6.5 Teleflex Recent Developments/Updates
6.7 Reliantheart
6.6.1 Reliantheart Corporation Information
6.6.2 Reliantheart Description and Business Overview
6.6.3 Reliantheart Heart Pump Sales, Revenue and Gross Margin (2017-2023)
6.4.4 Reliantheart Heart Pump Product Portfolio
6.7.5 Reliantheart Recent Developments/Updates
6.8 Terumo
6.8.1 Terumo Corporation Information
6.8.2 Terumo Description and Business Overview
6.8.3 Terumo Heart Pump Sales, Revenue and Gross Margin (2017-2023)
6.8.4 Terumo Heart Pump Product Portfolio
6.8.5 Terumo Recent Developments/Updates
6.9 Berlin Heart
6.9.1 Berlin Heart Corporation Information
6.9.2 Berlin Heart Description and Business Overview
6.9.3 Berlin Heart Heart Pump Sales, Revenue and Gross Margin (2017-2023)
6.9.4 Berlin Heart Heart Pump Product Portfolio
6.9.5 Berlin Heart Recent Developments/Updates
6.10 Jarvik Heart
6.10.1 Jarvik Heart Corporation Information
6.10.2 Jarvik Heart Description and Business Overview
6.10.3 Jarvik Heart Heart Pump Sales, Revenue and Gross Margin (2017-2023)
6.10.4 Jarvik Heart Heart Pump Product Portfolio
6.10.5 Jarvik Heart Recent Developments/Updates
6.11 Cardiacassist
6.11.1 Cardiacassist Corporation Information
6.11.2 Cardiacassist Heart Pump Description and Business Overview
6.11.3 Cardiacassist Heart Pump Sales, Revenue and Gross Margin (2017-2023)
6.11.4 Cardiacassist Heart Pump Product Portfolio
6.11.5 Cardiacassist Recent Developments/Updates
6.12 Fresenius Medical Care
6.12.1 Fresenius Medical Care Corporation Information
6.12.2 Fresenius Medical Care Heart Pump Description and Business Overview
6.12.3 Fresenius Medical Care Heart Pump Sales, Revenue and Gross Margin (2017-2023)
6.12.4 Fresenius Medical Care Heart Pump Product Portfolio
6.12.5 Fresenius Medical Care Recent Developments/Updates
7 Industry Chain and Sales Channels Analysis
7.1 Heart Pump Industry Chain Analysis
7.2 Heart Pump Key Raw Materials
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 Heart Pump Production Mode & Process
7.4 Heart Pump Sales and Marketing
7.4.1 Heart Pump Sales Channels
7.4.2 Heart Pump Distributors
7.5 Heart Pump Customers
8 Heart Pump Market Dynamics
8.1 Heart Pump Industry Trends
8.2 Heart Pump Market Drivers
8.3 Heart Pump Market Challenges
8.4 Heart Pump Market Restraints
9 Research Finding and Conclusion
10 Methodology and Data Source
10.1 Methodology/Research Approach
10.1.1 Research Programs/Design
10.1.2 Market Size Estimation
10.1.3 Market Breakdown and Data Triangulation
10.2 Data Source
10.2.1 Secondary Sources
10.2.2 Primary Sources
10.3 Author List
10.4 Disclaimer
Abbott Laboratories
Abiomed
Medtronic
Getinge
Syncardia Systems
Teleflex
Reliantheart
Terumo
Berlin Heart
Jarvik Heart
Cardiacassist
Fresenius Medical Care
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