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What key factors are powering the surge in the percutaneous mechanical circulatory support devices market right now?
The market for percutaneous mechanical circulatory support devices has seen a drastic surge in size in modern years. From $2.26 billion in 2024, it is projected to reach $2.48 billion in 2025, growing at a compound annual growth rate (CAGR) of 10.0%. The rise observed in the past years is fuelled by factors such as the growing occurrence of cardiovascular ailments, a rise in the elderly population, an increase in heart attack cases, enhanced awareness and screening initiatives, and amplified demand for heart pump devices.
How fast Is the percutaneous mechanical circulatory support devices market expected to grow, and what’s its future value?
Expectations are high for a robust expansion in the percutaneous mechanical circulatory support devices market in the coming years, with projections estimating that it will reach a value of $3.60 billion in 2029, growing at a compound annual growth rate (CAGR) of 9.7%. This predicted growth for the forecast period is considered to be a result of increased demand for long-term mechanical circulatory assistance, increased healthcare spending, a rise in diabetic and obese individuals, an increase in heart transplant needs, and a growing acceptance of percutaneous procedures. The forecast period also sees trends like improvements in pump technology, developments in medical technology, progress in cardiac support systems, introduction of less invasive medical technologies, and advancements in the creation of biocompatible materials.
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What are the leading drivers of growth in the percutaneous mechanical circulatory support devices market?
The growth of the percutaneous mechanical circulatory support devices market is anticipated to be driven by the escalating incidence of cardiovascular diseases. Cardiovascular diseases, or CVDs, encompass a range of ailments affecting the heart and blood vessels, including coronary artery disease, heart attacks, heart failure, stroke, and hypertension. These diseases’ rising prevalence can be linked to an aging populace, unhealthy lifestyle decisions, obesity, higher blood pressure, and genetic susceptibility. In addressing cardiovascular diseases, percutaneous mechanical circulatory support devices enhance cardiac function, alleviate heart stress, and assist recovery in severe heart conditions. For example, as per the Australian Institute of Health and Welfare, a governmental institution based in Australia, the certified deaths by doctors due to coronary heart disease (CHD) surged to 14,100 in 2021 and grew to 14,900 in 2022. Consequently, the escalating incidence of cardiovascular diseases is propelling the expansion of the percutaneous mechanical circulatory support (MCS) devices market.
What are the key segments defining the percutaneous mechanical circulatory support devices market?
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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Who are the key players steering the development 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.
What are the key trends shaping the future of the percutaneous mechanical circulatory support devices market?
Major companies operating in the percutaneous mechanical circulatory support devices market are focusing on developing technologically advanced solutions such as intra-aortic axial-flow devices to enhance patient outcomes and minimize surgical risks. An intra-aortic axial-flow device is a type of percutaneous mechanical circulatory support (MCS) device designed to assist heart function by augmenting blood flow from the left ventricle to the aorta. For instance, in February 2023, Procyrion, Inc., a US-based medical device company, announced the successful first-in-human use of its Aortix pump. This innovative device is designed to prevent acute kidney injury (AKI) in patients undergoing cardiac surgery. Delivered via a catheter in the descending thoracic aorta, the Aortix pump improves renal perfusion while decreasing the heart’s workload during surgery. It achieves this by enhancing both renal and systemic perfusion while simultaneously reducing the strain on the heart, making it particularly advantageous for patients with compromised left ventricular function and renal impairment. Capable of delivering up to 5.0 liters of flow per minute, the Aortix pump is intended for temporary use during procedures such as percutaneous coronary interventions (PCI).
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Which regions are most influential in expanding 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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