The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

North America held the largest cardiac assist devices and equipment market share.

The global cardiac assist devices and equipment market is expected to grow from $2.15 billion in 2022 to $2.41 billion in 2023 at a compound annual growth rate (CAGR) of 12.1%. The cardiac assist devices and equipment market size is expected to grow to $3.51 billion in 2027 at a CAGR of 9.9%.

Major Driver In The Cardiac Assist Devices And Equipment Market ­– Rise In The Prevalence Of Cardiovascular Diseases Increases
According to the American Heart Association, 45.1% of the US population will have some type of CVD by 2035. Total CVD expenses are forecast to exceed $1.1 trillion by 2035, with direct medical costs reaching $748.7 billion and indirect expenditures reaching $368 billion. According to the Centres for Disease Control and Prevention, around 697,000 people died from cardiac illnesses in 2020, accounting for nearly one out of every five deaths.

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Key Cardiac Assist Devices And Equipment Market Segments
1) By Type: Ventricular Assist Devices (LVAD), Intra-Aotic Baloon Pumps, Total Artificial Heart
2) By Application: Hospital Pharmacies, Ambulatory Surgical Centres, Emergency Services
3) By Modality: Transcutaneous, Implantable

Recent Cardiac Assist Devices And Equipment Market Trend – Adopting Device Miniaturization
The concept of reducing the size of cardiac assist devices improves device installation and allows a possible shorter hospital stay through the use of less invasive surgery such as ‘Thoracotomy’. Due to a paucity of heart donors, cardiac assist device miniaturisation serves as a replacement for heart transplantation as destination therapy. Heartware Ltd., for example, is expanding its investment in the Heartware device miniaturisation programme, which aims to lower the device’s weight, size, and energy usage. Furthermore, the United Kingdom National Health Service (NHS) has invested in a Bridge to Transplant (BTT) programme in which the performance of two minimally invasive cardiac assist devices was compared, with the best one chosen based on better clinical outcomes and cost-effectiveness due to its miniaturised design.

Cardiac Assist Devices And Equipment Market Prominent Players
Major players in the cardiac assist devices and equipment market are Abbot Laboratories, Berlin Heart GmbH, Abiomed Inc., Bivacor Pvt Ltd., Calon Cardio – Technology Ltd., Cardiobridge GmbH, Balton Sp. Z O.O, Cardiac Assist Inc., Braile Biomedica Ltd., and Circulate Inc.

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The Cardiac Assist Devices And Equipment Global Market Report 2023  provides a comprehensive overview on the cardiac assist devices and equipment market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the cardiac assist devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Cardiac assist devices and equipment are electromechanical devices that help the heart pump blood to the rest of the body. These devices are used to replace the function of a failing heart, either partially or totally.

View More Related Reports –
Cardiovascular Devices Global Market Report 2023
Cardiac Rhythm Management (CRM) Devices And Equipment Global Market Report 2023
Assisted Reproductive Technology Global Market Report 2023

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