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Heart Pump Device Market Trends

  • Report ID: GMI8787
  • Published Date: Apr 2024
  • Report Format: PDF

Heart Pump Device Market Trends

Advancements in healthcare technology have played a pivotal role in shaping and improving various medical interventions, and this progress has significantly contributed to the growth and development of heart pump devices. These technological innovations have enhanced the design, durability, and overall efficacy of heart pump device, making them more efficient tools in the management of cardiovascular disorders.
 

  • Technological advancements have led to the development of smaller and more portable heart pump devices. Miniaturized devices offer patients greater mobility and comfort, allowing them to lead more active lifestyles while receiving continuous cardiac support. Portable heart pump devices enable patients to manage their heart failure symptoms outside of hospital settings, improving their quality of life and reducing healthcare resource utilization.
     
  • Moreover, continuous improvements in biomaterials science and engineering have resulted in heart pump devices with enhanced durability and reliability. Advanced materials such as biocompatible polymers and durable metals contribute to the longevity of heart pump components, reducing the risk of device failure and improving patient outcomes. The increased reliability of modern heart pump devices allows for long-term use and minimizes the need for device replacements, lowering overall healthcare costs. These innovative technologies represent the forefront of advancement in heart pump devices, poised to elevate their popularity and drive increased demand.
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The market size of heart pump device crossed USD 2.2 billion in 2023 and is set to reach USD 9.2 billion by 2032, led by increase in number of heart failures and cardiovascular diseases.

Implanted heart pump devices segment is anticipated to reach USD 6.4 billion by 2032, owing to its durability and reliability in providing mechanical circulatory support for patients with chronic heart failure.

North America heart pump device industry accounted for USD 917.6 million in revenue in 2023, driven by technological innovation and medical device development.

Abbott Laboratories, ABIOMED, Berlin Heart, BiVACOR Inc., CARMAT, CorWave SA, Evaheart, Inc., Fresenius SE & Co. KGaA, and Getinge AB among others.

Heart Pump Device Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 327
  • Countries covered: 22
  • Pages: 160
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