Key Trends Influencing the Growth of the Heart Pump Devices Market in 2025: The Rise Of Self-Expanding Mechanisms

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What Is the Expected CAGR for the Heart Pump Devices Market Through 2025?
The market size of heart pump devices has experienced a swift expansion in recent times. A rise from $3.79 billion in 2024 to $4.48 billion in 2025, with a compound annual growth rate (CAGR) of 18.1%, is forecasted. The growth during the historic period is linked to factors such as the rising incidence of cardiovascular diseases, an aging demographic, heightened awareness and education, governmental support and financial backing, and enhanced surgical methods.

What's the Projected Size of the Global Heart Pump Devices Market by 2029?
In the coming years, the market size for heart pump devices is predicted to experience accelerated expansion. The forecast projects a growth to $8.84 billion by 2029, with a compound annual growth rate (CAGR) of 18.5%. The projected expansion during the forecast period is due to factors such as increasing global health care spending, the rise of emerging markets and unrealized potential, advancements in personalized medicine and customization, expansion of regulatory approvals, and increased patient awareness. The forecast period is also expected to witness significant trends, including technological evolution, remote patient monitoring and connectivity, extended mechanical support, reduction in size and increased mobility of devices, and the integration of artificial intelligence.

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Top Growth Drivers in the Heart Pump Devices Industry: What's Accelerating the Market?
The escalating incidence of cardiovascular diseases is predicted to stimulate the growth of the heart pump devices market. Cardiovascular afflictions signify a group of conditions affecting the heart or blood vessels. An increase in these diseases necessitates cutting-edge diagnostics and treatments, such as heart pump devices. These devices facilitate the pumping of blood from the lower left heart chamber, and they are especially useful during high-risk protected percutaneous coronary interventions, leading to an increased market demand. For example, in March 2024, data from the Office for Health Improvement and Disparities, a UK-based governmental body, showed that in 2023, slightly more than 1,862,500 individuals (3%) were diagnosed with CHD in England by a GP. Hence, the rising occurrence of cardiovascular diseases is propelling the heart pump devices market's expansion.

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What Are the Key Trends Driving Heart Pump Devices Market Growth?
Leading corporations in the heart pump devices market are adopting innovative technologies like self-expanding mechanisms to boost device efficiency, enhance patient outcomes, and minimize complications during installation. A self-expanding mechanism is a design that automatically expands to its maximum size upon deployment, usually employing materials or shapes that enable this expansion without any additional external forces. For example, in June 2023, Magenta Medical, a firm based in Israel, is set to make advancements in its unique heart pump technology and launch the tiniest heart pump in the world. The Elevate Pump is a Percutaneous Left Ventricular Assist Device (VAD) that fits into an 8 French (Fr) delivery system, positioning it among the smallest devices of its kind.

What Are the Main Segments in the Heart Pump Devices Market?
The heart pump devices market covered in this report is segmented -

1) By Type: Implantable Heart Pump Devices, Extracorporeal Heart Pump Devices
2) By Therapy: Bridge-To-Transplant (BTT), Bridge-To-Candidacy (BTC), Destination Therapy (DT), Other Therapies
3) By End-user: Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Other End-users

Subsegments:
1) By Implantable Heart Pump Devices: Left Ventricular Assist Devices (LVADs), Right Ventricular Assist Devices (RVADs), Biventricular Assist Devices (BiVADs), Total Artificial Hearts (TAHs)
2) By Extracorporeal Heart Pump Devices: Intra-Aortic Balloon Pumps (IABPs), Extracorporeal Membrane Oxygenation (ECMO) Devices, Ventricular Assist Devices (Temporary): Centrifugal Blood Pumps

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Which Top Companies are Driving Growth in the Heart Pump Devices Market?
Major companies operating in the heart pump devices market are MedtronicPLC, Abbott Laboratories, Boston Scientific Corporation, Terumo Corporation, Getinge AB, Cardiomedix, ReliantHeart, CardiacAssist, SynCardia Systems, CARMAT, Sorin Group, BiVACOR, Bristol-Myers Squibb, MicroMed Cardiovascular, Aortica Corporation, Fresenius Kabi, Acelity, Asahi Kasei Medical, LivaNova, HeartWare International, Jarvik Heart, MediCardia, Avinger, Nuvectra, OrbusNeich, Ventracor, EBR Systems, and CorWave

Which Regions Will Dominate the Heart Pump Devices Market Through 2029?
North America was the largest region in the heart pump devices market share in 2024. The regions covered in the heart pump devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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