Heart Pump Device Market Size, Share, Growth, Demand and Forecast 2024

1. Heart Pump Device Market

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3. Heart Pump Device Market Overview A heart pump device is a mechanical pump that's support’s heart function and blood flow in people who have weakened hearts. The device takes blood from a lower heart chamber and helps pump it to the body and vital organs, just as a healthy heart would. Medically it is also called as a ventricular assist device (VAD).  Heart pump are being used in heart transplant, during or after surgery, up until a patient’s heart recovers, or while for a heart transplant. Several types of heart pumps are available globally, such as, right ventricle assist device (RVAD), left ventricular assist device (LVAD), and biventricular assist device (BiVAD). The left ventricular assist device is a commonly used device and helps the left ventricle pump blood to the aorta. The right ventricle assist device is used only for short-term support and helps the right ventricle pump blood to the pulmonary artery. On the basis of application, the heart pump devices market is divided into bridge-to-transplantation, destination therapy, and other therapies. In terms of end-user, the heart pump devices market can be characterized into hospitals, clinics, cardiac centers, and ambulatory surgery centers. In terms of geography, the global heart pump devices market can be categorized into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Currently North America dominates the global heart pump devices market. Reasons wise, such as technological advancements, rise in number of cardiovascular diseases, and increase in demand for artificial heart are anticipated to boost the heart pump devices in the region during the coming years.

4. Heart Pump Device Market As “Health Care Practitioner” from California, there is an increasing occurrence of several cardiovascular diseases among the adult population. According to the Centers for Disease Control and Prevention, heart diseases account for approximately 610,000 deaths in the U.S. each year. Presently, Europe is the second-leading market for heart pump devices. The heart pump devices market in Asia Pacific is projected to grow at a fast pace during the forecast period due to growth of elderly population in the country like Japan, prevalence of unhealthy lifestyle among people, stress, growing burden of cardiovascular diseases, developing health care infrastructure in the region. As per OECD estimation, cardiovascular diseases are the leading cause of deaths in Asia Pacific, with over 9.3 million deaths caused due to such diseases in the region in 2012. Cardiovascular diseases accounted for about 33% of the total number of deaths in Asia Pacific in 2012.

5. Heart Pump Device Market Key players… Key players in the heart pump device market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe.  In July 2018, Medtronic Plc received FDA approval for less invasive heart pump implant procedure. It is an HVAD System, for a left ventricular assist device (LVAD) which helps patients with advanced heart failure. In addition, in September 2017, Medtronic Plc received approval for HeartWare HVAD System as destination therapy for patients with progressive heart failure. Abbott Laboratories, St. Jude Medical, ReliantHeart, Terumo, Abiomed, Medtronic Plc, Teleflex, CardiacAssist, Getinge, Jarvik Heart, Syncardia Systems, Heart and Fresenius Medical Care and Berlin Heart are the key players offering heart pump devices.

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