Heart Pump Device Market To Reach $11.28 Billion By 2030: Grand View Research, Inc.

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23 Aug, 2023, 06:35 ET

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SAN FRANCISCO, Aug. 23, 2023 /PRNewswire/ -- The global heart pump device market size is expected to reach USD 11.28 billion by 2030, expanding at 19.6% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing prevalence of coronary artery disease, ischemic heart disease, and other CVD diseases is anticipated to boost the demand for heart pump devices. For instance, according to data published by British Heart Foundation, in 2022, about 7.6 million individuals in the UK live with heart disease, and each year, around 160,000 people die from CVD and other heart-related conditions in the UK. Moreover, according to WHO data in 2020, coronary heart disease caused 163,905 deaths in Japan, with 121,823 or 11.03% of total deaths were caused due to stroke.

Key Industry Insights & Findings from the report:

Read 120-page market research report, "Heart Pump Device Market Size, Share & Trends Analysis Report By Type, By Product (Ventricular Assist Devices, Total Artificial Hearts), By End-use (Hospital, Cardiac Centers), By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research.

Heart Pump Device Market Growth & Trends

Furthermore, the market is anticipated to grow by increasing support and awareness initiatives for disease awareness. For instance, in January 2022, The School of Medical Research and Technology at IIT Kanpur launched Hridyantra, a challenge-based program. Its objective is to create an advanced artificial heart called a Left Ventricular Assist Device (LVAD) for patients with end-stage heart failure (HF). Hridyantra aims to improve the available treatment options for HF patients. This program is expected to significantly improve the treatment options available for patients with HF, thereby driving market growth.

Heart Pump Device Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 3.22 billion

Revenue forecast in 2030

USD 11.28 billion

Growth rate

CAGR of 19.6% from 2023 to 2030

Base year for estimation

2022

Historical data

2018 - 2021

Forecast period

2023 - 2030

Heart Pump Device Market Segmentation

Grand View Research has segmented the global heart pump device market based on type, product, end-use, and region

Heart Pump Device Market - Type Outlook (Revenue, USD Million, 2018 - 2030)

Heart Pump Device Market - Product Outlook (Revenue, USD Million, 2018 - 2030)

Heart Pump Device Market - End-Use Outlook (Revenue, USD Million, 2018 - 2030)

Heart Pump Device Market - Regional Outlook (Revenue, USD Million, 2018 - 2030)

List of Key Players in the Heart Pump Device Market

Check out more market research studies published by Grand View Research:

Browse through Grand View Research's Medical Devices Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:Sherry JamesCorporate Sales Specialist, USAGrand View Research, Inc.Phone: 1-415-349-0058Toll Free: 1-888-202-9519Email: [email protected]Web: https://www.grandviewresearch.comGrand View Compass | Astra ESG SolutionsFollow Us: LinkedIn | Twitter

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SOURCE Grand View Research, Inc.