Percutaneous Mechanical Circulatory Support Devices Market Growth Outlook: Trends, Market Size, and Opportunities Over the Next Decade
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Primary Drivers Are Supporting the Continued Market Growth of thePercutaneous Mechanical Circulatory Support Devices Market?
The escalating occurrence of heart-related disorders is anticipated to accelerate the expansion of the market for percutaneous mechanical circulatory support devices. Cardiovascular diseases (CVDs), encompassing disorders like coronary artery disease, heart attacks, heart failure, stroke, and high blood pressure, impact both the heart and the blood vessels. This escalating pattern of CVDs might be attributed to aspects such as a progressively aging population, harmful lifestyle decisions, obesity, hypertension, and hereditary predisposition. Percutaneous mechanical circulatory support devices have significant application in cases of CVDs where they enhance cardiac functionality, alleviate heart stress, and provide necessary support during severe heart conditions. For example, in December 2023, as per data from the Australian Institute of Health and Welfare, a government agency in Australia, the certified death count due to coronary heart disease (CHD) ascended to 14,100 in 2021 and subsequently bloated to 14,900 in 2022. As such, as the prevalence of cardiovascular diseases surge, so does the demand for percutaneous mechanical circulatory support (MCS) devices in the market.
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#What is the Projected CAGR for the Percutaneous Mechanical Circulatory Support Devices Market Size from 2025 to 2034?
The market size for percutaneous mechanical circulatory support devices has been experiencing substantial growth in recent years. It’s anticipated that the market will expand from $2.26 billion in 2024 to $2.48 billion in 2025, reflecting a compound annual growth rate (CAGR) of 10.0%. The upward trend seen in the previous years can be associated with rising cases of cardiovascular illnesses, growing elderly populace, an increase in heart attack incidences, heightened awareness and check-up initiatives, and a surge in demand for heart pump devices.
The market for percutaneous mechanical circulatory support devices is anticipated to experience significant expansion in the next several years, reaching a value of $3.60 billion in 2029 with a compound annual growth rate (CAGR) of 9.7%. This growth through the forecast period is believed to be due to factors such as an increasing requirement for extended mechanical circulatory assistance, escalating healthcare costs, growing diabetic and obese demographics, heightened demand for heart transplants, and a broader acceptance of percutaneous procedures. The forecast period also predicts trends such as breakthroughs in pump technology, progression in medical technology, innovations in cardiac support methodologies, the rise of minimally invasive medical technologies, and the development of more biocompatible materials.
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How Are Consumer Market Innovations Shaping the Current and Future Landscape of thePercutaneous Mechanical Circulatory Support Devices Market?
In order to improve patient outcomes and reduce surgical risks in the percutaneous mechanical circulatory support devices industry, leading corporations are addressing the demand for more sophisticated technology such as intra-aortic axial-flow appliances. These types of percutaneous mechanical circulatory support (MCS) instruments are engineered to aid the functioning of the heart by boosting the blood circulation between the left ventricle and the aorta. A case in point is the February 2023 announcement by Procyrion, Inc., a firm in the medical device sector based in the US, which revealed the successful inaugural human use of its Aortix pump. This state-of-the-art device is programmed to counteract acute kidney injury (AKI) in cardiac surgery patients. The Aortix pump, inserted through a catheter into the descending thoracic aorta, works to amplify renal perfusion while alleviating the heart’s function during surgery. The pump accomplishes this by intensifying renal and overall body perfusion concurrently, reducing heart strain, making it optimal for patients with diminished left ventricular operation and renal deficit. Designed to transport up to 5.0 liters of flow per minute, the temporary usage of the Aortix pump is especially recommended during procedures such as percutaneous coronary interventions (PCI).
Who Are the Key Market Players Influencing the Growth of the Corn and Percutaneous Mechanical Circulatory Support Devices Industry?
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.
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Which Key Market Segments Comprise the Percutaneous Mechanical Circulatory Support Devices Market and Drive Its Revenue Growth?
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
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Which Regions Are Emerging as Leaders 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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