The Cardiac Assist Devices And Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Cardiac Assist Devices And Equipment Global Market Report 2024, The cardiac assist devices and equipment market size has grown rapidly in recent years. It will grow from $2.47 billion in 2023 to $2.8 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%. The growth in the historic period can be attributed to cardiac arrhythmias prevalence, aging population, clinical guidelines and research, minimally invasive procedures.
The cardiac assist devices and equipment market size is expected to see rapid growth in the next few years. It will grow to $4.18 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to personalized medicine, global access to healthcare, electrophysiology devices in heart failure management, hybrid procedures. Major trends in the forecast period include 4d mapping and visualization, artificial intelligence (ai) in electrophysiology, regenerative medicine approaches, leadless cardiac pacing.
A rise in the prevalence of cardiovascular diseases (CVD) increases the demand for cardiac assist devices and equipment in developed and developing economies. The increasing need for diagnosis, monitoring, early-stage treatment, and prevention of these life-threatening diseases, increases the demand for cardiac assist devices. For instance, according to the American Heart Association, a US-based nonprofit organization, by 2035, 45.1% of the US population is s to have some form of CVD. Total costs of CVD are expected to reach $1.1 trillion in 2035, with direct medical costs projected to reach $748.7 billion and indirect costs estimated to reach $368 billion. Therefore, a rise in the prevalence of cardiovascular diseases is driving the growth of the cardiac assist devices and equipment market.
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The cardiac assist devices and equipment market covered in this report is segmented –
1) By Type: Ventricular Assist Devices (LVAD); Intra-Aotic Baloon Pumps; Total Artificial Heart
2) By Modality: Transcutaneous; Implantable
3) By Application: Hospital Pharmacies; Ambulatory Surgical Centres; Emergency Services
The cardiac assist devices and equipment market report table of contents includes:
1. Executive Summary
2. Cardiac Assist Devices And Equipment Market Characteristics
3. Cardiac Assist Devices And Equipment Market Trends And Strategies
4. Cardiac Assist Devices And Equipment Market – Macro Economic Scenario
5. Global Cardiac Assist Devices And Equipment Market Size and Growth
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26. South America Cardiac Assist Devices And Equipment Market
27. Brazil Cardiac Assist Devices And Equipment Market
28. Middle East Cardiac Assist Devices And Equipment Market
29. Africa Cardiac Assist Devices And Equipment Market
30. Cardiac Assist Devices And Equipment Market Competitive Landscape And Company Profiles
Top Major Players:
- Abbot Laboratories
- Berlin Heart GmbH
- Abiomed Inc
- Bivacor Pvt Ltd
- Calon Cardio-Technology Ltd
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