Global Heart Pump Devices Market Size, Share, Forecast Report, 2020-2027

Heart pump devices market was valued at USD 1,000 million in 2017 and is expected to grow at a CAGR of 12.5% during the forecast period, 2018–2023. The global heart pump devices market is majorly driven by the high prevalence of cardiovascular diseases, growing more elderly population leading to rising patient population affected with heart disorders, and growing penetration by market players. For instance, according to the American Heart Association, in 2014, one in every three deaths in the U.S. was due to cardiovascular disorders. Similarly, cardiovascular disorders had claimed over 801,000 lives in 2014 in the U.S. Additionally, the availability of heart pumps acts as an alternative during a shortage of heart donors, as heart pumps help in pumping the blood to the rest of the body. However, factors such as high cost of heart pump devices are likely to hamper the growth of the market.

Market Segmentation

The global heart pump devices market has been segmented by device type, product, therapy, end-user, and region. Further, the market by device type was segmented into implantable heart pump devices and extracorporeal heart pump devices. Based on the type of the product, the market is segmented into ventricular assist devices, intra-aortic balloon pumps, and total artificial heart. Furthermore, the ventricular assist devices are sub-segmented into left ventricular assist devices, right ventricular assist devices, bi-ventricular assist devices, percutaneous ventricular assist devices, and transcutaneous ventricular assist devices.

Market Segmentation & Key players

Heart Pump Devices Market, by Product

• Ventricular Assist Devices
• Left Ventricular Assist Devices
• Right Ventricular Assist Devices
• Bi-Ventricular Assist Devices
• Percutaneous Ventricular Assist Devices
• Transcutaneous Ventricular Assist Devices
• Intra-Aortic Balloon Pumps
• Total Artificial Heart

Heart Pump Devices Market, by Device Type

• Implantable Heart Pump Devices
• Extracorporeal Heart Pump Devices

Heart Pump Devices Market, by Therapy

• Bridge-To-Candidacy (BTC)
• Bridge-To-Transplant (BTT)
• Destination Therapy (DT)
• Others

Heart Pump Devices Market, by End-User

• Hospitals & Clinics
• Ambulatory Surgical Centers
• Research Institutes
• Others