Cardiac Assist Devices Market to See High Demand from North America and Asia Pacific Regions with Rising Incidence of Congestive Heart Failure

Insightace Analytics Pvt. Ltd. announces the release of a market assessment report on the "Global Cardiac Assist Devices Market- by Modality (Transcutaneous and Implantable), Products (Ventricular Assist Device (VAD) and Intra-Aortic Balloon Pump), End-User (Hospital and Ambulatory Surgical Centers), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

The Cardiac Assist Devices Market is expected to grow at an 8.0 % CAGR during the forecast period for 2023-2031.

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Cardiac assist devices, also referred to as mechanical circulatory support systems, are engineered to enhance the heart's ability to circulate blood effectively throughout the body. These devices are primarily utilized in patients suffering from advanced congestive heart failure, particularly when conventional pharmacological interventions have proven insufficient. The underlying cause of heart failure is often the progressive weakening of the myocardium, which compromises the heart's pumping capacity. Although heart transplantation remains a viable therapeutic option, the limited availability of donor organs has led to a growing reliance on cardiac assist devices as an alternative treatment solution.

The global market for cardiac assist devices is projected to experience substantial growth in the coming years, fueled by the increasing prevalence of heart failure and the urgent demand for advanced therapeutic options. Technological advancements in ventricular assist devices (VADs), including the integration of artificial intelligence (AI) and Internet of Things (IoT) capabilities, have enhanced device functionality and broadened clinical adoption. Industry leaders are prioritizing research and development initiatives aimed at producing compact, centrifugal pump-based devices that support minimally invasive implantation techniques. This commitment to innovation, supported by robust R&D investment, continues to drive the evolution and market expansion of next-generation cardiac assist devices.

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The growing incidence of advanced cardiovascular conditions, combined with a rapidly aging global population and the limited availability of donor hearts for transplantation, is anticipated to significantly accelerate the adoption of cardiac assist devices over the coming years. However, the market may encounter several challenges, including heightened competition among established industry participants, the complexity of treatment protocols, and limited awareness in rural and underserved areas, particularly within developing economies.

North America is expected to maintain its leadership position in the cardiac assist device market, supported by the increasing prevalence of heart failure, ongoing advancements in healthcare infrastructure, and substantial government investment in the medical sector. Meanwhile, the Asia-Pacific region is projected to witness robust market growth, especially in emerging economies such as China, India, and Brazil, where awareness of cardiovascular disease and available treatment modalities is steadily improving. Strategic partnerships and collaborations among key market players within these regions are also expected to play a pivotal role in driving the continued expansion of the global cardiac assist device market.

Major market players operating in the cardiac assist devices market include Terumo Heart, Inc., Nova Pump GmbH, Getinge AB, Belton Ltd., Meryl Life Sciences Pvt. Ltd., Throated Corporation, Cardiac Assist, Inc., and Berlin Heart G.

Recent collaborations and agreements in the market:
• In October 2021, SynCardia, a manufacturer of whole artificial hearts, was purchased by Picard Medical. As a result of the acquisition, SynCardia will be able to strengthen its current products, improving clinical support for clinicians. Also, it will make it possible for the business to request authorization to use its goods in novel ways.
• In March 2020, for patients nearing death from biventricular failure, the US FDA approved Nocardia Systems LLC's use of a 50CC temporary artificial heart system as a bridge to a heart transplant.

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Market Segments
Global Cardiac Assist Devices Market, by Modality, 2022-2030 (Value US$ Mn)
• Transcutaneous
• Implantable
Global Cardiac Assist Devices Market, by Products, 2022-2030 (Value US$ Mn)
• Ventricular Assist Device (VAD)
• Intra-Aortic Balloon Pump
Global Cardiac Assist Devices Market, by End-User, 2022-2030 (Value US$ Mn)
• Hospital
• Ambulatory Surgical Centers
Global Cardiac Assist Devices Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Cardiac Assist Devices Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Cardiac Assist Devices Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Cardiac Assist Devices Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Cardiac Assist Devices Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Cardiac Assist Devices Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa

Why should buy this report:
 To receive a comprehensive analysis of the prospects for the global cardiac assist devices market
 To receive an industry overview and future trends of the cardiac assist devices market
 To analyze the cardiac assist devices market drivers and challenges
 To get information on the cardiac assist devices market value (US$Mn) forecast to 2030
 Significant investments, mergers & acquisitions in the cardiac assist devices market industry

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