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 Implantable

By Placement Location;

Right Ventricular Assist Device and Left Ventricular Assist Device

By End User;

Hospital and Ambulatory Surgical Centers

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2020 - 2030)
Report ID: Rn685438591 Published Date: September, 2024 Updated Date: June, 2025

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 Period2025 - 2031
Base Year2024
CAGR (%)6.5 %
Market Size (2024)USD 2,866.87 Million
Market Size (2031)USD 4,455.07 Million
Market ConcentrationMedium
Report Pages325
2,866.87
2024
4,455.07
2031

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.

  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 Modality Type
    3. Market Snapshot, By Placement Location
    4. Market Snapshot, By End User
    5. Market Snapshot, By Region
  4. Cardiac Assist Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing prevalence of cardiovascular diseases
        2. Technological advancements
        3. Favorable reimbursement policies
      2. Restraints
        1. High cost of devices and procedures
        2. Limited awareness and accessibility
        3. Stringent regulatory requirements
      3. Opportunities
        1. Expansion into Emerging Markets

        2. Strategic Collaborations and Partnerships

        3. Rising Demand for Minimally Invasive Devices

    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. Competitve Rivalry
  5. Market Segmentation
    1. Cardiac Assist Devices Market, By Product, 2020 - 2030 (USD Million)
      1. Intra-Aortic Balloon Pumps
      2. Total Artificial Heart
      3. Ventricular Assist Devices
        1. Left Ventricular Assist Device
        2. Right Ventricular Assist Device
        3. Bi-Ventricular Assist Device
        4. External Ventricular Assist Device
    2. Cardiac Assist Devices Market, By Modality Type, 2020 - 2030 (USD Million)
      1. Transcutaneous
      2. Implantable
    3. Cardiac Assist Devices Market, By Placement Location, 2020 - 2030 (USD Million)
      1. Right Ventricular Assist Device
      2. Left Ventricular Assist Device
    4. Cardiac Assist Devices Market, By End User, 2020 - 2030 (USD Million)
      1. Hospital
      2. Ambulatory Surgical Centers
    5. Cardiac Assist Devices Market, By Geography, 2020 - 2030 (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
    1. Company Profiles
      1. Abiomed Inc
      2. Abbott
      3. Berlin Heart Gmbh
      4. Bioheart, Inc
      5. Bivacor Pty Ltd
      6. Braile Biomedica Ltd
      7. Calon Cardio-Technology Ltd
      8. Cardiac Assist, Inc
      9. Cardiobridge GmbH
      10. Circulite, Inc
      11. Cardiokinetix, Inc
  7. Analyst Views
  8. Future Outlook of the Market