Global Cardiac Assist Devices And Equipment Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Ventricular Assist Devices (LVAD), Intra-Aotic Baloon Pumps and Total Artificial Heart.

By Application;

Hospital Pharmacies, Ambulatory Surgical Centres and Emergency Services.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn135077154 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Cardiac Assist Devices And Equipment Market (USD Million), 2021 - 2031

In the year 2024, the Global Cardiac Assist Devices And Equipment Market was valued at USD 105.56 million. The size of this market is expected to increase to USD 177.42 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.7%.

The incorporation of advanced technologies such as the Internet of Things, coupled with rising investments from leading players, drives market growth in the cardiac devices sector. Over the past decade, technological advancements have revolutionized the field of cardiology, expanding the indications for cardiac devices and improving therapeutic and monitoring outcomes for patients. Artificial intelligence has notably enhanced diagnostic capabilities for various cardiac disorders, while advancements in ventricular assist devices have emerged as key drivers for the growth of the cardiac assist devices industry, particularly in response to the mounting cases of coronary heart diseases worldwide. The increasing prevalence of lifestyle disorders, leading to cardiovascular diseases like coronary heart disease, has resulted in a surge in heart failure cases, driving demand for heart transplantation. However, the scarcity of heart donors and lengthy waiting lists have led to heightened mortality rates, prompting patients to turn to ventricular assist devices as an alternative treatment for heart failure. In response to the rising demand, leading companies are continually developing advanced cardiac assist devices and leveraging cutting-edge technologies such as artificial intelligence and the Internet of Things to meet the growing demand and mitigate mortality rates.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Cardiac Assist Devices And Equipment Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Prevalence of Cardiovascular Diseases
        2. Technological Advancements
        3. Growing Demand for Heart Transplant Alternatives
        4. Favorable Reimbursement Policies
        5. Increasing Awareness and Education
      2. Restraints
        1. High Cost of Devices and Procedures
        2. Risk of Complications and Adverse Events
        3. Surgical Complexity and Expertise
        4. Regulatory Hurdles and Compliance Requirements
        5. Ethical and Societal Considerations
      3. Opportunities
        1. Expanding Indications and Applications
        2. Emerging Markets and Healthcare Infrastructure Development
        3. Technological Innovation and Product Differentiation
        4. Collaboration and Strategic Alliances
        5. Patient-Centric Care and Quality Improvement Initiatives
      4. PEST Analysis
        1. Political Analysis
        2. Economic Analysis
        3. Social Analysis
        4. Technological Analysis
      5. Porter's Analysis
        1. Bargaining Power of Suppliers
        2. Bargaining Power of Buyers
        3. Threat of Substitutes
        4. Threat of New Entrants
        5. Competitive Rivalry
  5. Market SegmentationCompetitive Landscape
    1. Global Cardiac Assist Devices And Equipment Market, By Type, 2021 - 2031 (USD Million)
      1. Ventricular Assist Devices (LVAD)
      2. Intra-Aotic Baloon Pumps
      3. Total Artificial Heart
    2. Global Cardiac Assist Devices And Equipment Market, By Application, 2021 - 2031 (USD Million)
      1. Emergency Services
      2. Ambulatory Surgical Centres
      3. Hospital Pharmacies
    3. Global Cardiac Assist Devices And Equipment Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Company Profiles
    1. Abbot Laboratories
    2. Berlin Heart GmbH
    3. Abiomed Inc.
    4. Bivacor Pvt Ltd.
    5. Calon Cardio - Technology Ltd.
  7. Analyst Views
  8. Future Outlook of the Market