Press release
Heart Pump Device Market is projected to reach USD 11,297.43 million by 2034, growing at a CAGR of 13.7% during the forecast period
Heart Pump Device Market
Market Overview
The global heart pump device market was valued at USD 3,125.90 million in 2024 and is predicted to reach USD 11,297.43 million by 2034, growing at a CAGR of 13.7% from 2025 to 2034.
A heart pump device is a medical device that assists or replaces the function of a weakened heart. It helps circulate blood throughout the body in patients with heart failure or other severe cardiac conditions. These devices can be used as a short-term solution while waiting for a heart transplant or as a long-term therapy for those who are not candidates for a transplant.
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Which Factors Are Driving the Market?
Increasing Heart Failure Cases
Heart failure is becoming increasingly common due to aging populations, unhealthy lifestyle habits, and chronic conditions, including diabetes and high blood pressure. As more people experience weakened heart function, the demand for life-saving devices such as heart pumps continues to rise. These pumps assist the heart in circulating blood, particularly when medications or surgery are no longer sufficient.
Rising Pace of Regulatory Approvals
Many heart pump devices are gaining regulatory approvals more quickly, due to strong clinical trial results that demonstrate their effectiveness and safety. These trial outcomes are accelerating the adoption of these devices, as doctors and hospitals are increasingly confident in their reliability and performance.
Geographical Insights
North America: The North America heart pump device market held the largest share, driven by its advanced healthcare infrastructure, substantial healthcare spending, and the strong presence of key players like Abbott, ABIOMED, and Medtronic.
Asia Pacific: Asia Pacific is projected to experience significant growth during the forecast period, driven by advancements in healthcare systems, rising rates of heart disease, and increased investments in medical technologies.
Major Participants
• Abbott
• ABIOMED
• Berlin Heart
• BiVACOR Inc.
• Getinge
• Jarvik Heart, Inc.
• Leviticus Cardio
• LivaNova PLC
• Picard Medical, Inc.
• Teleflex Incorporated.
The heart pump device market is highly competitive, with leading players driving innovation in mechanical circulatory support. Some of the major participants in the industry include:
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Heart Pump Device Market Report Highlights
• By type, in 2024, the implanted heart pump devices segment dominated the market due to their long-term use in patients affected by advanced heart failure.
• The cardiac center segment, by end use, is expected to witness significant growth during the forecast period. Cardiac centers play a significant role in follow-up care and specialized treatment.
• In 2024, the North America heart pump device market dominated with the largest share due to its advanced healthcare infrastructure; high healthcare spending; and strong presence of key players like Abbott, ABIOMED, and Medtronic.
• The Asia Pacific heart pump device market is experiencing significant growth due to improving healthcare systems, rising heart disease rates, and increasing investments in medical technologies.
Market Segmentation
By Type Outlook (Revenue, USD Million, 2020-2034)
● Implanted Heart Pump Devices
● Extracorporeal Heart Pump Devices
By Product Outlook (Revenue, USD Million, 2020-2034)
● Ventricular Assist Devices (VADs)
○ Left Ventricular Assist Devices (LVADs)
○ Right Ventricular Assist Devices (RVADs)
○ BiVAD Ventricular Assist Devices (BiVADs)
○ Percutaneous Ventricular Assist Devices (PVADs)
● Intra-Aortic Balloon Pumps (IABPs)
● Extracorporeal Membrane Oxygenation (ECMO)
By End Use Outlook (Revenue, USD Million, 2020-2034)
● Hospitals
● Cardiac Centers
● Research Institute
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By Regional Outlook (Revenue, USD Million, 2020-2034)
● North America
○ US
○ Canada
○ Mexico
● Europe
○ Germany
○ France
○ UK
○ Italy
○ Spain
○ Netherlands
○ Russia
○ Rest of Europe
● Asia Pacific
○ China
○ Japan
○ India
○ Malaysia
○ South Korea
○ Indonesia
○ Australia
○ Vietnam
○ Rest of Asia Pacific
● Middle East & Africa
○ Saudi Arabia
○ UAE
○ Israel
○ South Africa
○ Rest of Middle East & Africa
● Latin America
○ Brazil
○ Argentina
○ Rest of Latin America
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