Press release
Heart Pump Device Market: Global Size, Share, Growth, Industry Trends | 2024-2031
Heart Pump Device Market
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The research analysis on the global Heart Pump Device Market report 2024 offers a close watch on top industry rivals along with briefings on their company profiles, strategical surveys, micro as well as macro industry trends, futuristic scenarios, analysis of pricing structure, and an all-encompassing overview of the Heart Pump Device Market circumstances in the forecast period between 2024 and 2031. The global Heart Pump Device Market is a dynamic and rapidly evolving sector, encompassing the development, production, and distribution. This market is essential for improving global market and driving economic growth through innovation and industry advancements.
Market Growth
The Heart Pump Device Market has experienced robust growth over the past decade and is projected to continue expanding. Global Heart Pump Device Market size was valued at USD 2.09 billion in 2022 and is poised to grow from USD 2.61 billion in 2023 to USD 15.32 billion by 2031, at a CAGR of 24.77% during the forecast period (2024-2031). This growth is driven by several factors, including an aging global population, increasing prevalence of advancements in technology, and rising global expenditure.
Detailed Segmentation and Classification of the report (Market Size and Forecast - 2031, Y-o-Y growth rate, and CAGR):
The Heart Pump Device Market can be segmented based on several factors, including product type, application, end-user, and distribution channel. Understanding these segments is crucial for companies looking to target specific markets and tailor their offerings to meet consumer needs.
Product Type
Ventricular assist devices (VADs), Intra-aortic balloon pumps (IABPs), Total artificial heart (TAH)
Indication
Bridge-to-transplant (BTT), Destination therapy (DT), Bridge-to-recovery (BTR)
End-user
Hospitals, cardiology centers, ambulatory surgical centers
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Following are the players analyzed in the report:
Abbott Laboratories (US)
Medtronic PLC (Ireland)
LivaNova PLC (United Kingdom)
Berlin Heart GmbH (Germany)
SynCardia Systems, LLC (US)
Abiomed, Inc. (US)
Getinge AB (Sweden)
Terumo Corporation (Japan)
Teleflex Incorporated (US)
Jarvik Heart, Inc. (US)
Fresenius Medical Care AG & Co. KGaA (Germany)
Calon Cardio (United Kingdom)
CardiacAssist, Inc. (US)
BiVACOR Inc. (Australia)
Leviticus Cardio Ltd. (Israel)
CARMAT SA (France)
FineHeart SA (France)
MyLVAD (US)
MicroPort Scientific Corporation (China)
TandemLife, a LivaNova company (US)
Regional Analysis
1. North America:
- The United States and Canada dominate the North American Heart Pump Device Market. The U.S. is the largest market globally, driven by advanced global infrastructure, high R&D investments, and significant Heart Pump Device consumption.
2. Europe:
- Europe is a significant player, with major Heart Pump Device Markets in Germany, France, and the United Kingdom. The region benefits from strong regulatory frameworks, high industry standards, and a robust R&D sector.
3. Asia-Pacific:
- This region is experiencing rapid growth, with countries like China and India leading the charge. Factors such as increasing industry access, growing middle-class populations, and expanding Heart Pump Device manufacturing capabilities contribute to this growth.
4. Latin America:
- Brazil and Mexico are key markets in Latin America. Growth in this region is driven by rising industry needs, increasing investments in industry infrastructure, and a growing demand for affordable medications.
5. Middle East and Africa:
- The Heart Pump Device Market in this region is expanding due to rising market spending, increased prevalence of diseases, and improvements in Market infrastructure, although the market is relatively smaller compared to other regions.
Future Outlook
The Heart Pump Device Market is poised for continued growth driven by technological advancements, expanding global market access, and increasing global industry needs. As the industry adapts to evolving challenges and seizes emerging opportunities, it is likely to see ongoing innovation and expansion, contributing significantly to global health and economic development.
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Contact:
Mr. Jagraj Singh
Skyquest Technology
1 Apache Way, Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.
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