Global Cardiac Assist Devices Market Growth, Share, Size, Trends and Forecast (2024 - 2030)
By Product;
Intra-Aortic Balloon Pumps , Total Artificial Heart & Ventricular Assist Devices - [Left Ventricular Assist Device, Right Ventricular Assist Device, Bi-Ventricular Assist Device, and External Ventricular Assist Device]By Modality Type;
Transcutaneous and ImplantableBy Placement Location;
Right Ventricular Assist Device and Left Ventricular Assist DeviceBy End User;
Hospital and Ambulatory Surgical CentersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2020 - 2030)Cardiac Assist Devices Market Overview
Cardiac Assist Devices Market (USD Million)
Cardiac Assist Devices Market was valued at USD 2,866.87 million in the year 2023. The size of this market is expected to increase to USD 4,455.07 million by the year 2030, while growing lvad statistics at a Compounded Annual Growth Rate (CAGR) of 6.5%.
Global Cardiac Assist Devices Market Growth, Share, Size, Trends and Forecast
*Market size in USD million
CAGR 6.5 %
Study Period | 2025 - 2031 |
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Base Year | 2024 |
CAGR (%) | 6.5 % |
Market Size (2024) | USD 2,866.87 Million |
Market Size (2031) | USD 4,455.07 Million |
Market Concentration | Medium |
Report Pages | 325 |
Major Players
- Abiomed Inc
- Abbott
- Berlin Heart Gmbh
- Bioheart, Inc
- Bivacor Pty Ltd
- Braile Biomedica Ltd
- Calon Cardio-Technology Ltd
- Cardiac Assist, Inc
- Cardiobridge GmbH
- Circulite, Inc
- Cardiokinetix, Inc
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Global Cardiac Assist Devices Market
Fragmented - Highly competitive market without dominant players
The Cardiac Assist Devices Market is witnessing consistent growth, largely propelled by the increasing prevalence of heart failure and critical cardiac conditions. These devices are vital in maintaining adequate cardiac output for patients with severe dysfunction. Roughly 50% of their applications are linked to heart failure interventions, underlining their essential role in contemporary cardiac care.
Rising Preference for Minimally Invasive Technologies
The market is experiencing a shift toward minimally invasive cardiac solutions, offering enhanced safety and recovery profiles. Devices designed for less invasive implantation now contribute to over 45% of total use, indicating strong clinical and patient demand for streamlined treatment pathways with lower complication risks.
Innovation Accelerating Market Potential
Technological breakthroughs are rapidly advancing the capabilities of cardiac assist devices. Over 35% of recent innovations focus on longer battery life, enhanced biocompatibility, and reduced size, enabling better integration with patient physiology. These advancements are pivotal in improving both device performance and user experience.
Widening Application in Critical Care Environments
The deployment of cardiac assist technologies in critical care and emergency interventions continues to expand. Approximately 40% of device utilization occurs in intensive care contexts, where immediate circulatory support is crucial for survival. Their role in bridge therapies makes them a mainstay in advanced cardiac treatment algorithms.
Cardiac Assist Devices Market Recent Developments
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In 2023, Medtronic announced the approval of its latest HVAD System for advanced heart failure patients, with improved durability and ease of implantation.
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In 2022, Abiomed launched the Impella 5.5, a new percutaneous ventricular assist device offering enhanced support for cardiac recovery and improved patient outcomes.
Cardiac Assist Devices Market Segment Analysis
In this report, the Cardiac Assist Devices Market has been segmented by Product, Modality Type, Placement Location, End User and Geography.
Cardiac Assist Devices Market, Segmentation by Product
The Cardiac Assist Devices Market has been segmented by Product into Intra-Aortic Balloon Pumps , Total Artificial Heart & Ventricular Assist Devices - [Left Ventricular Assist Device, Right Ventricular Assist Device, Bi-Ventricular Assist Device, and External Ventricular Assist Device]
Intra-Aortic Balloon Pumps
The Intra-Aortic Balloon Pumps (IABP) segment in the Cardiac Assist Devices Market is a critical component in managing severe heart conditions. These devices work by inflating and deflating a balloon in the aorta to improve blood flow and reduce the heart's workload. The IABP segment has been experiencing consistent growth, with a 10% annual increase in adoption, mainly due to their widespread use in emergency and high-risk surgeries.
Total Artificial Heart & Ventricular Assist Devices
The Total Artificial Heart and Ventricular Assist Devices (VADs) segment is gaining significant traction, particularly in patients with advanced heart failure. VADs are used to support heart function, and their sub-segments include Left Ventricular Assist Device (LVAD), Right Ventricular Assist Device (RVAD), Bi-Ventricular Assist Device (BiVAD), and External Ventricular Assist Device (EVAD). The VADs segment is growing at a rapid pace, with an estimated growth rate of 15% annually due to the increasing number of heart failure patients and advancements in device technology.
Cardiac Assist Devices Market, Segmentation by Modality Type
The Cardiac Assist Devices Market has been segmented by Modality Type into Transcutaneous, and Implantable.
Transcutaneous
Transcutaneous cardiac assist devices provide rapid and non-invasive support for patients facing acute cardiac conditions. Accounting for nearly 40% of the market, they are primarily used in critical and emergency care settings. Their ease of use and immediate functionality make them essential tools in short-term cardiovascular support scenarios.
Implantable
Implantable cardiac assist devices lead the market with a substantial 60% share, offering long-term solutions for individuals with advanced heart failure. These devices are increasingly used as both bridge-to-transplant and permanent therapy options. Their effectiveness, coupled with continuous innovations in device longevity and patient compatibility, is fueling their widespread adoption.
Cardiac Assist Devices Market, Segmentation by Placement Location
The Cardiac Assist Devices Market has been segmented by Placement Location into Right Ventricular Assist Device and Left Ventricular Assist Device.
Right Ventricular Assist Device
Right Ventricular Assist Devices are essential for patients experiencing right-sided heart failure, particularly in complex surgical procedures or post-LVAD implantation scenarios. Representing approximately 25% of the market, these devices provide temporary support during acute right ventricular dysfunction. Their demand is increasing in specialized cardiac care centers handling advanced heart failure cases.
Left Ventricular Assist Device
Left Ventricular Assist Devices hold a dominant 75% share in the placement location segment of the cardiac assist device market. These devices are a standard therapy for patients with severe left ventricular failure, often serving as both bridge-to-transplant and long-term treatment. Widespread adoption is supported by robust clinical evidence, patient survival rates, and ongoing device innovation.
Cardiac Assist Devices Market, Segmentation by End User
The Cardiac Assist Devices Market has been segmented by End User into Hospital, and Ambulatory Surgical Centers.
Hospital
Hospitals dominate the cardiac assist devices market, capturing nearly 85% of the end-user segment. These facilities are equipped with comprehensive infrastructure and specialized staff to manage high-risk and complex cardiac cases. The majority of device implantations and post-operative monitoring are conducted in hospital environments, making them the central hub for advanced cardiac care.
Ambulatory Surgical Centers
Ambulatory Surgical Centers are emerging as a viable setting for cardiac assist device procedures, especially in lower-risk, minimally invasive cases. Though they currently account for just 15% of the market, their growth is driven by lower costs, reduced hospital stays, and increasing procedural efficiency. ASCs are poised to gain further traction as technology and care models evolve.
Cardiac Assist Devices Market, Segmentation by Geography
In this report, the Cardiac Assist Devices Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
Cardiac Assist Devices Market Share (%), by Geographical Region
North America
North America commands the largest share of the cardiac assist devices market at approximately 40%, thanks to its robust healthcare ecosystem and strong presence of leading medical device manufacturers. High adoption rates stem from technological advancements, favorable reimbursement frameworks, and an increasing incidence of heart failure.
Europe
Europe accounts for around 30% of the market, supported by an aging population and extensive access to specialized cardiac care. Progressive healthcare policies and increased government funding for cardiovascular research have made Europe a prominent player in the industry.
Asia Pacific
With an approximate 18% share, Asia Pacific is witnessing rapid growth in the cardiac assist devices market. Factors such as expanding healthcare access, a surge in chronic cardiac conditions, and heightened awareness are fueling regional demand, especially in developing nations.
Middle East and Africa
The Middle East and Africa region, though currently holding about 7% of the market, is showing potential for future growth. Ongoing improvements in healthcare infrastructure and strategic investments are expected to enhance device penetration across underserved markets.
Latin America
Latin America maintains a 5% market share, with momentum building due to increased government initiatives and a growing number of cardiac cases. Countries like Brazil and Mexico are at the forefront of regional adoption, contributing to steady market expansion.
Cardiac Assist Devices Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Cardiac Assist Devices Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
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Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunities Analysis
Drivers:
- Increasing prevalence of cardiovascular diseases
- Technological advancements of Cardiac
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Favorable reimbursement policies - Favorable reimbursement policies are significantly driving the growth of the cardiac assist devices market. As healthcare systems and insurance providers recognize the clinical benefits of mechanical circulatory support, many have introduced coverage for procedures involving ventricular assist devices (VADs), intra-aortic balloon pumps (IABPs), and total artificial hearts (TAHs). This financial support reduces the economic burden on patients and increases accessibility to life-saving interventions, encouraging hospitals to adopt these technologies more broadly.
In regions with well-established reimbursement frameworks, patient volumes have increased due to reduced out-of-pocket costs and improved hospital resource allocation. These policies also incentivize innovation by assuring manufacturers of market viability for advanced cardiac assist solutions. As reimbursement structures continue to expand in emerging markets, the adoption of cardiac assist devices is expected to accelerate, creating sustained momentum for the industry.
Restraints:
- High cost of devices and procedures
- Limited awareness and accessibility
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Stringent regulatory requirements - Stringent regulatory requirements pose a major restraint in the cardiac assist devices market. Due to the high-risk nature of these implantable and life-sustaining devices, regulatory authorities enforce rigorous approval processes to ensure safety, efficacy, and reliability. Manufacturers must navigate complex clinical trial protocols, extended review timelines, and detailed documentation standards, all of which can significantly delay time-to-market and escalate development costs.
These regulatory hurdles are especially challenging for small and mid-sized companies with limited resources, restricting their ability to innovate or expand product lines. Moreover, post-market surveillance obligations and periodic compliance audits further increase the operational burden. While these regulations are essential for patient safety, their complexity can limit the pace of innovation and reduce the number of new cardiac assist devices entering the global market.
Opportunities:
- Rising demand for minimally invasive support solutions
- Strategic Collaborations and Partnerships
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Rising Demand for Minimally Invasive Devices - Rising demand for minimally invasive devices is generating significant opportunities in the cardiac assist devices market. As healthcare providers and patients increasingly favor procedures that offer quicker recovery, reduced surgical risks, and shorter hospital stays, the adoption of minimally invasive cardiac support technologies is accelerating. These devices are particularly appealing for high-risk and elderly patients who may not be suitable candidates for open-heart surgery.
Technological advancements have led to the development of miniaturized ventricular assist devices (VADs) and next-generation intra-aortic balloon pumps that can be implanted via percutaneous or catheter-based approaches. Such innovations not only improve procedural safety but also enable broader use of cardiac assist devices in outpatient and emergency settings. As a result, manufacturers that focus on user-friendly, compact, and catheter-based solutions are gaining a competitive edge in both developed and emerging markets.
Furthermore, the increasing use of image-guided navigation systems and robotic-assisted procedures enhances the precision and success rates of minimally invasive cardiac interventions. These tools facilitate accurate device placement, reduce procedural complications, and enhance patient outcomes, reinforcing the appeal of less invasive alternatives. This shift is driving demand for cardiac assist devices that are compatible with advanced surgical and diagnostic technologies.
As patient awareness of less invasive treatment options grows, and healthcare systems invest in expanding their interventional cardiology capabilities, the market is poised for long-term growth. Companies that prioritize innovation in minimally invasive designs and emphasize ease of integration with existing infrastructure will be well-positioned to capitalize on this evolving opportunity in cardiac care.
Cardiac Assist Devices Market Competitive Landscape Analysis
Key players in Cardiac Assist Devices Market include:
- Abiomed Inc
- Abbott
- Berlin Heart Gmbh
- Bioheart, Inc
- Bivacor Pty Ltd
- Braile Biomedica Ltd
- Calon Cardio-Technology Ltd
- Cardiac Assist, Inc
- Cardiobridge GmbH
- Circulite, Inc
- Cardiokinetix, Inc
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Modality Type
- Market Snapshot, By Placement Location
- Market Snapshot, By End User
- Market Snapshot, By Region
- Cardiac Assist Devices Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing prevalence of cardiovascular diseases
- Technological advancements
- Favorable reimbursement policies
- Restraints
- High cost of devices and procedures
- Limited awareness and accessibility
- Stringent regulatory requirements
- Opportunities
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Rising demand for minimally invasive support solutions
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Strategic Collaborations and Partnerships
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Rising Demand for Minimally Invasive Devices
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- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitve Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Cardiac Assist Devices Market, By Product, 2020 - 2030 (USD Million)
- Intra-Aortic Balloon Pumps
- Total Artificial Heart
- Ventricular Assist Devices
- Left Ventricular Assist Device
- Right Ventricular Assist Device
- Bi-Ventricular Assist Device
- External Ventricular Assist Device
- Cardiac Assist Devices Market, By Modality Type, 2020 - 2030 (USD Million)
- Transcutaneous
- Implantable
- Cardiac Assist Devices Market, By Placement Location, 2020 - 2030 (USD Million)
- Right Ventricular Assist Device
- Left Ventricular Assist Device
- Cardiac Assist Devices Market, By End User, 2020 - 2030 (USD Million)
- Hospital
- Ambulatory Surgical Centers
- Cardiac Assist Devices Market, By Geography, 2020 - 2030 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Cardiac Assist Devices Market, By Product, 2020 - 2030 (USD Million)
- Competitive Landscape
- Company Profiles
- Abiomed Inc
- Abbott
- Berlin Heart Gmbh
- Bioheart, Inc
- Bivacor Pty Ltd
- Braile Biomedica Ltd
- Calon Cardio-Technology Ltd
- Cardiac Assist, Inc
- Cardiobridge GmbH
- Circulite, Inc
- Cardiokinetix, Inc
- Company Profiles
- Analyst Views
- Future Outlook of the Market