Global Heart Pump Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Ventricular Assist Devices - Left Ventricular Assist Devices, Right Ventricular Assist Devices, Bi-Ventricular Assist Devices and Percutaneous Ventricular Assist Devices, Intra-Aortic Balloon Pumps, and Total Artificial Heart.

By Type;

Implantable Heart Pump Devices, and Extracorporeal Heart Pump Devices.

By Therapy;

Bridge-To-Candidacy (BTC), Bridge-To-Transplant (BTT), Destination Therapy (DT), and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn108529176 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Heart Pump Devices Market (USD Million), 2021 - 2031

In the year 2024, the Global Heart Pump Devices Market was valued at USD 2,773.52 million. The size of this market is expected to increase to USD 7,155.98 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 14.5%.

The global heart pump devices market is witnessing significant growth and evolution driven by a myriad of factors. As cardiovascular diseases continue to be a leading cause of mortality worldwide, the demand for advanced therapeutic solutions such as heart pump devices has surged. These devices play a critical role in managing heart failure, providing mechanical circulatory support, and improving the quality of life for patients. Moreover, technological advancements in heart pump devices, including miniaturization, improved durability, and enhanced efficiency, are expanding their applicability and adoption across diverse healthcare settings.

One of the prominent drivers of market growth is the increasing prevalence of heart failure, spurred by aging populations and rising incidences of lifestyle-related risk factors such as obesity and diabetes. This demographic trend has underscored the urgent need for effective treatment options, propelling the demand for heart pump devices globally. Additionally, the growing awareness among both patients and healthcare providers about the benefits of these devices in prolonging and enhancing life expectancy is fueling their adoption.

Ongoing research and development efforts aimed at enhancing the efficacy and safety profile of heart pump devices are contributing to market expansion. Innovations such as magnetically levitated centrifugal pumps and fully implantable systems are revolutionizing the field, offering improved hemocompatibility, reduced risk of complications, and enhanced patient mobility. These advancements are reshaping the landscape of cardiac care, driving the uptake of heart pump devices and fostering collaborations between industry players, research institutions, and healthcare providers.

Despite the promising growth prospects, challenges such as high costs associated with device implantation and limited reimbursement policies in some regions may impede market growth to a certain extent. Nevertheless, initiatives aimed at expanding access to healthcare services, coupled with ongoing efforts to streamline regulatory pathways and reduce manufacturing costs, are expected to bolster market growth in the coming years. Overall, the global heart pump devices market is poised for significant expansion, driven by a confluence of demographic, technological, and healthcare delivery trends, with the potential to transform the management of heart failure and improve patient outcomes worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Type
    3. Market Snapshot, By Therapy
    4. Market Snapshot, By Region
  4. Global Heart Pump Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Aging population demand
        2. Technological advancements boost
        3. Rising prevalence cardiovascular diseases
        4. Increasing heart failure cases
        5. Growing healthcare expenditure
      2. Restraints
        1. High cost constraints adoption
        2. Stringent regulatory hurdles
        3. Limited awareness hindrance
        4. Complications associated surgeries
        5. Availability skilled healthcare professionals
      3. Opportunities
        1. Emerging markets expansion potential
        2. Minimally invasive procedures demand
        3. Collaborations research and development
        4. Remote monitoring innovation opportunities
        5. Personalized medicine advancements
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. 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 Segmentation
    1. Global Heart Pump Devices Market, By Product, 2021 - 2031 (USD Million)
      1. Ventricular Assist Devices
        1. Left Ventricular Assist Devices
        2. Right Ventricular Assist Devices
        3. Bi-Ventricular Assist Devices
        4. Percutaneous Ventricular Assist Devices
      2. Intra-Aortic Balloon Pumps
      3. Total Artificial Heart
    2. Global Heart Pump Devices Market, By Type, 2021- 2031(USD Million)
      1. Implantable Heart Pump Devices
      2. Extracorporeal Heart Pump Devices
    3. Global Heart Pump Devices Market, By Therapy, 2021- 2031 (USD Million)
      1. Bridge-To-Candidacy (BTC)
      2. Bridge-To-Transplant (BTT)
      3. Destination Therapy (DT)
      4. Others
    4. Global Heart Pump Devices 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. Competitive Landscape
    1. Company Profiles
      1. Abbott Laboratories
      2. Abiomed
      3. Medtronic
      4. Getinge
      5. Syncardia Systems
      6. Teleflex
      7. Reliantheart
      8. Terumo
      9. Berlin Heart
      10. Jarvik Heart
  7. Analyst Views
  8. Future Outlook of the Market