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What Is the Growth Rate of the Percutaneous Mechanical Circulatory Support Devices Market?

The market for percutaneous mechanical circulatory support devices has seen rapid expansion in the past few years. The market is forecasted to increase from $2.26 billion in 2024 to $2.48 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 10.0%. Several factors have contributed to the historical growth of this market, including a rise in cardiovascular disease cases, a growing elderly population, an increase in heart attack occurrences, improved awareness and screening initiatives, and heightened demand for heart pump apparatus.

What Growth Rate Is Forecasted for the Percutaneous Mechanical Circulatory Support Devices Market by 2029?

In the coming years, the percutaneous mechanical circulatory support devices market size is slated for robust growth, anticipated to reach a value of $3.60 billion in 2029, expanding at a compound annual growth rate (CAGR) of 9.7%. This projected growth during the forecast period can be ascribed to the escalating demand for long-term mechanical circulatory support, an increase in healthcare expenditure, the rising prevalence of diabetes and obesity, an upsurge in heart transplants, and heightened acceptance of percutaneous procedures. The major directional changes anticipated on this trajectory entail advancements in pump technology and medical technology, inventions in cardiac support technologies, the emergence of minimally invasive medical technologies, and the development of biocompatible materials.

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Which Key Companies Are Shaping the Future of the Percutaneous Mechanical Circulatory Support Devices Market?

Major companies operating in the percutaneous mechanical circulatory support devices market are Abbott Laboratories, Medtronic Plc, Getinge AB, Teleflex Incorporated, Biotronik, Abiomed Inc., LivaNova Plc, Bioventrix, Berlin Heart, Eurosets, Magenta Medical Ltd, SynCardia Systems LLC, CardiacAssist Inc., Jarvik Heart Inc., Procyrion, BiVACOR Inc., CardioBridge GmbH and Company, Circulite Medical Inc., NovaPump GmbH, Supira Medical Inc., Pulsatile Technologies Inc.

Which Factors Are Driving Demand in the Percutaneous Mechanical Circulatory Support Devices Industry?

The rising cases of cardiovascular illnesses are projected to fuel the expansion of the percutaneous mechanical circulatory support devices market in the future. Cardiovascular diseases, or CVDs, encompass a spectrum of disorders that impact the heart and blood vessels – these include, but are not limited to, coronary artery disease, heart attacks, heart failure, stroke, and hypertension. The rise in cardiovascular disease can be tied to demographic aging, poor lifestyle choices, obesity, elevated blood pressure, and a genetic inclination towards such diseases. Percutaneous mechanical circulatory support devices serve a vital function in the treatment of cardiovascular diseases by enhancing cardiac functionality, lessening the burden on the heart, and aiding healing in severe heart conditions. For example, data from the Australian Institute of Health and Welfare – a government agency based in Australia – from December 2023 revealed that doctor-certified fatalities as result of coronary heart disease increased from 14,100 in 2021 to 14,900 in 2022. Consequently, the surge in cardiovascular illnesses is propelling the advancement of the percutaneous mechanical circulatory support (MCS) devices market.

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How Is the Percutaneous Mechanical Circulatory Support Devices Market Segmented by Several Divisions?

The percutaneous mechanical circulatory support devices market covered in this report is segmented –

1) By Product Type: Intra-Aortic Balloon Pumps, Impella Devices, Extracorporeal Membrane Oxygenation, TandemHeart, Other Types

2) By Application: Cardiogenic Shock, Acute Myocardial Infarction, Heart Failure, Other Applications

3) By End-User: Hospitals, Ambulatory Surgical Centers, Other End Users

Subsegments:

1) By Intra-Aortic Balloon Pumps (IABP): Standard IABP Devices, Enhanced IABP Devices

2) By Impella Devices: Impella 2.5, Impella 5.0, Impella CP (Cardiac Power)

3) By Extracorporeal Membrane Oxygenation (ECMO): Veno-Venous ECMO (VV ECMO), Veno-Arterial ECMO (VA ECMO)

4) By Tandemheart: Tandemheart PUMP System, Tandemheart PRO System

5) By Other Types: Centrifugal Pumps, Pneumatic Assist Devices

What are the Emerging Market Trends Driving the Growth of the Percutaneous Mechanical Circulatory Support Devices Industry?

Leading businesses in the percutaneous mechanical circulatory support devices market are concentrating their efforts on creating modern and technologically advanced solutions such as intra-aortic axial-flow devices. These solutions aim to improve patient results while reducing the risks associated with surgery. An intra-aortic axial-flow device, a form of percutaneous mechanical circulatory support (MCS) device, is created to bolster heart function by enhancing the blood flow from the left ventricle to the aorta. For example, Procyrion, Inc., a medical device firm from the United States, unveiled its Aortix pump in February 2023, achieving its first successful application in a human. The Aortix pump, designed to prevent acute kidney damage in cardiac surgery patients, is introduced through a catheter into the descending thoracic aorta and improves renal perfusion while easing the heart’s burden during surgery. The pump boosts both renal and systemic perfusion and simultaneously reduces cardiac strain, yielding significant benefits for patients with comprised left ventricular function and renal deficiencies. The Aortix pump can deliver up to 5.0 liters of flow per minute and is designed for temporary use in procedures like percutaneous coronary interventions (PCI).

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Which Regions Are Driving Growth in the Percutaneous Mechanical Circulatory Support Devices Market?

North America was the largest region in the percutaneous mechanical circulatory support devices market in 2024. The regions covered in the percutaneous mechanical circulatory support devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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This Report Delivers Insight On:

1. How big is the percutaneous mechanical circulatory support devices market, and how is it changing globally?

2. Who are the major companies in the percutaneous mechanical circulatory support devices market, and how are they performing?

3. What are the key opportunities and risks in the percutaneous mechanical circulatory support devices market right now?

4. Which products or customer segments are growing the most in the percutaneous mechanical circulatory support devices market?

5. What factors are helping or slowing down the growth of the percutaneous mechanical circulatory support devices market?

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