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Heart Pump Device Market Size
- Report ID: GMI8787
- Published Date: Apr 2024
- Report Format: PDF
Heart Pump Device Market Size
Heart Pump Device Market size was valued at USD 2.2 billion in 2023 and is expected to grow at a CAGR of 17.4% between 2024 and 2032, driven by key factors such as the increase in number of heart failures and cardiovascular diseases, rise in awareness regarding heart failure treatment, and the growing R&D expenditure.
The prevalence of cardiovascular diseases, including heart failure, coronary artery disease, and cardiomyopathy, is steadily increasing worldwide due to factors such as aging populations, sedentary lifestyles, unhealthy dietary habits, and rising diabetic and obesity rates among others. For instance, according to the British Heart Foundation, in 2024, there are around 620 million people living with heart and circulatory diseases across the world. As the burden of cardiovascular diseases continues to rise, there is a corresponding increase in the demand for advanced treatment options, including heart pump devices, to manage heart failure and improve patient outcomes.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Heart Pump Device Market Size in 2023: | USD 2.2 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 17.4% |
| 2032 Value Projection: | USD 9.2 Billion |
| Historical Data for: | 2021 – 2023 |
| No. of Pages: | 160 |
| Tables, Charts & Figures: | 327 |
| Segments covered: | Type, Device, Therapy, End-use, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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A heart pump device is a mechanical device designed to support or augment the function of a weakened or failing heart. These devices are used in patients with heart failure or other cardiac conditions where the heart's ability to pump blood is compromised.
Frequently Asked Questions (FAQ) :
Heart Pump Device Market Scope
