Global Heart Pumps Market Size, Share, Forecast Report, 2020-2027

The global Heart Pumps market garnered revenue around USD 1.9 Billion in 2019 and projected to reach USD 4.2Billion in 2027, with at a compound annual growth rate (CAGR) 11% throughout the estimate period from 2020 to 2027. Heart pumps are mechanical devices that help the weakened heart to pump blood for circulation to other body organs. These devices relieve symptoms of heart failure such as fatigue or shortness of breath. They also allow the heart to rest for recovering its normal function. Cardiovascular diseases can sometimes lead to severe heart failure. In such cases, it becomes mandatory for people to undergo heart transplantation. However, it is difficult to obtain heart transplants due to the shortage of heart donors. The number of people worldwide who require heart transplants is rising each year, but only some donors are available. This leads to a rise in the average waiting time for heart transplantation. In the U.S., the average waiting time for a donor heart is 9 to 11 months, while in most cases it is two years. In Japan, the average waiting time is about two years.

This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.

The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Heart Pumps market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Heart Pumps market growth.

The global Heart Pumps market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.

Major manufacturers analysed under this study comprises:

the global heart pumps market include Calon Cardio, Jarvik Heart, Inc., Berlin Heart, Abiomed, SynCardia Systems, LLC, Abbott Laboratories, Teleflex Incorporated, Getinge AB, and Medtronic plc.

This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:

Global Heart Pumps Market: Segmentation

Heart Pumps Market, by Product

• Intra-aortic Balloon Pumps
• Ventricular Assist Devices
  • Left Ventricle Assist Devices (LVAD)
  • Right Ventricle Assist Devices (RVAD)
  • Biventricular Assist Devices (BVAD)
  • Others
• Total Artificial Heart

Heart Pumps Market, by Flow Regime

• Centrifugal Flow Pump (CFP)
• Axial Flow Pump (AFP)
• Mixed Flow Pump (MFP)

Heart Pumps Market, by Therapy

• Bridge-to-Candidacy (BTC)
• Bridge-to-Transplant (BTT)
• Destination Therapy (DT)
• Other Therapies

Heart Pumps Market, by Location

• Implantable Heart Pump Devices
• Extracorporeal Heart Pump Devices

Heart Pumps Market, by End User

• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics
• Others

Regional Analysis and Forecast

Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • United Kingdom
  • Italy
  • France
  • Rest of EU
• Asia Pacific
  • China
  • India
  • Japan
  • Southeast Asia
  • Rest of APAC
• Central & South America
  • Brazil
  • Argentina
  • Rest of Central & South America
• Middle East and Africa
  • UAE
  • Saudi Arabia
  • Rest of MEA