Global Mechanical Circulator Support Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Percutaneous, IABP, Others, Intracorporeal, VAD, Total Artificial Heart, and Extracorporeal Membrane Oxygenation system.

By End-use;

Hospitals, Ambulatory Surgical Centers, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn158962335 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Mechanical Circulator Support Devices Market (USD Million), 2021 - 2031

In the year 2024, the Global Mechanical Circulator Support Devices Market was valued at USD 3,237.26 million. The size of this market is expected to increase to USD 6,071.54 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.4%.

Mechanical circulator support devices, which include ventricular assist devices (VADs) and extracorporeal membrane oxygenation (ECMO) machines, play a critical role in supporting patients with severe heart or lung failure. One of the primary drivers of market growth is the rising prevalence of cardiovascular and respiratory diseases worldwide. With an aging population and lifestyle factors such as poor diet and lack of exercise contributing to the increase in these conditions, the demand for mechanical circulator support devices is poised to surge. Advancements in technology have led to the development of more efficient and minimally invasive devices, expanding the potential patient pool for these life-saving interventions. Increasing awareness among healthcare professionals and patients about the benefits of mechanical circulator support devices is fueling market growth, as these devices offer a viable treatment option for individuals who are not candidates for heart or lung transplants.

Despite the promising growth prospects, the market for mechanical circulator support devices faces certain challenges. One of the major hurdles is the high cost associated with these devices and their implantation procedures, which limits their accessibility, especially in developing regions. The complex nature of these devices requires specialized training for healthcare professionals, leading to concerns regarding the availability of skilled personnel to operate and manage them effectively. Regulatory hurdles and reimbursement issues in some regions pose obstacles to market expansion. With ongoing research and development efforts aimed at improving device efficacy, safety, and affordability, coupled with initiatives to enhance healthcare infrastructure and access, the global mechanical circulator support devices market is expected to witness continued growth in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By End-use
    3. Market Snapshot, By Region
  4. Global Mechanical Circulator Support Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing heart disease cases
        2. Better device technology
        3. Aging population's heart issues
        4. Increased use in organ transplants
      2. Restraints
        1. Ethical concerns
        2. Limited awareness
        3. Maintenance challenges
      3. Opportunities
        1. Remote monitoring demand rises
        2. Home healthcare expands
        3. Telemedicine and digital health surge
        4. Distribution network expansion in underserved areas
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Mechanical Circulator Support Devices Market, By Product, 2021 - 2031 (USD Million)
      1. Percutaneous
      2. IABP
      3. Intracorporeal
      4. VAD
      5. Total Artificial Heart
      6. Extracorporeal Membrane Oxygenation system
      7. Others
    2. Global Mechanical Circulator Support Devices Market, By End-use, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Ambulatory Surgical Centers
      3. Others
    3. Global Mechanical Circulator Support Devices Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. Abbott Laboratories
      2. Boston Scientific Corporation
      3. Cardiobridge GmbH
      4. Getinge AB
      5. LivaNova PLC
      6. Medtronic plc
      7. Koninklijke Philips N.V.
      8. Terumo Corporation
  7. Analyst Views
  8. Future Outlook of the Market