Cardiac Assist Devices And Equipment Market on Track for Strong Growth, Estimated to Grow at 9.5% CAGR Through 2029

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What Is the Expected CAGR for the Cardiac Assist Devices And Equipment Market Through 2025?
The market size for cardiac assist devices and equipment has seen substantial growth in the past few years. The market is expected to rise from $2.13 billion in 2024 to $2.35 billion in 2025 with a 10.0% Compound Annual Growth Rate (CAGR). The historical growth is due to factors such as the prevalence of cardiac arrhythmias, an aging population, clinical guidelines and research, and minimal invasive procedures.

What's the Projected Size of the Global Cardiac Assist Devices And Equipment Market by 2029?
Over the coming years, the cardiac assist devices and equipment market is predicted to witness robust growth. It is estimated to escalate to a value of $3.38 billion by 2029, rising at a compound annual growth rate (CAGR) of 9.5%. This anticipated growth during the forecast period can be linked to factors such as personalized medicine, global healthcare accessibility, usage of electrophysiology devices for managing heart failure, and hybrid procedures. Future trends expected to influence the market during the forecast period include 4d mapping and visualization, the role of artificial intelligence (AI) in electrophysiology, regenerative medicine methodologies, and leadless cardiac pacing.

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Top Growth Drivers in the Cardiac Assist Devices And Equipment Industry: What's Accelerating the Market?
The growing incidence of cardiovascular diseases (CVD) is driving up the demand for cardiac support devices and equipment in both developed and developing economies. The need for early detection, supervision, preliminary treatment, and prevention of these potentially fatal diseases is causing an increase in the need for cardiac support devices. To illustrate, the American Heart Association, a non-profit organization based in the United States, has predicted that by 2035, about 45.1% of the US population will suffer from some kind of CVD. The total cost associated with CVD is predicted to hit $1.1 trillion in 2035, with the direct medical expenses expected to be about $748.7 billion, and indirect costs forecasted to be around $368 billion. Consequently, the increasing incidence of cardiovascular diseases is propelling the growth of the cardiac assist devices and equipment market.

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What Trends Will Shape the Cardiac Assist Devices And Equipment Market Through 2029 and Beyond?
Leading corporations in the cardiac assist devices and equipment market, such as Abbott Laboratories, are creating innovative products like the CardioMEMS HF System to cater to a larger number of people suffering from heart failure. The CardioMEMS HF System is a revolutionary cardiac device that can wirelessly track and measure heart rate and pulmonary artery pressure for patients with heart failure. For example, Abbott Laboratories, a prominent medical device company based in the US, gained FDA approval for this advanced, implantable sensor system in February 2022. Healthcare professionals can leverage the data from the CardioMEMS HF system to make informed treatment choices and effectively manage a patient's heart failure. This could potentially enable early care and reduce heart failure-related hospital admissions.

What Are the Main Segments in the Cardiac Assist Devices And Equipment Market?
The cardiac assist devices and equipment market covered in this report is segmented -

1) By Type: Ventricular Assist Devices (LVAD), Intra-Aotic Baloon Pumps, Total Artificial Heart
2) By Modality: Transcutaneous, Implantable
3) By Application: Hospital Pharmacies, Ambulatory Surgical Centres, Emergency Services

Subsegments:
1) By Ventricular Assist Devices (LVAD): Implantable LVADs, Externally Powered LVADs, Pediatric LVADs, Other LVADs
2) By Intra-Aortic Balloon Pumps: Disposable Intra-Aortic Balloon Pumps, Reusable Intra-Aortic Balloon Pumps
3) By Total Artificial Heart: Pneumatically Powered Total Artificial Heart, Electrically Powered Total Artificial Heart, Other Total Artificial Heart Types

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Which Top Companies are Driving Growth in the Cardiac Assist Devices And Equipment Market?
Major companies operating in the cardiac assist devices and equipment market include Abbot Laboratories, Berlin Heart GmbH, Abiomed Inc., Bivacor Pvt Ltd., Calon Cardio-Technology Ltd., Cardiobridge GmbH, Balton Sp. Z O.O, Cardiac Assist Inc., Braile Biomedica Ltd., Circulite Inc., Cardiokinetix Inc., Evaheart Inc., Fineheart Sarl, Fresenius Medical Care Ag & Co. KGaA, Getinge Ab, GPB Life Science Holdings Llc, Jarvik Heart Inc., Medtronic plc, OregonHeart, Mitiheart Corporation, Procyrion Inc., Relianthreat Inc., Scandinavian Real Heart AB, Senko Medical Instrument Mfg. Co. Ltd., Syncardia Systems LLC, HeartWare International Inc., Cardiac Dimensions Inc., Cardiac Power Innovations, Cardiac Science Corporation, Cardionomic Inc., Carmat SA, CorWave SA, Edwards Lifesciences Corporation, Leviticus Cardio Ltd., LivaNova PLC, MicroMed Cardiovascular Inc., MyoCardioCare Inc., Novacor SA, Orqis Medical Corporation, Terumo Corporation, Thoratec Corporation, Ventracor Limited

Which Regions Will Dominate the Cardiac Assist Devices And Equipment Market Through 2029?
North America was the largest region in global cardiac assist devices and equipment market in 2024. Western Europe was the second-largest region in cardiac assist devices and equipment market. The regions covered in the cardiac assist devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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