/PRNewswire/ As per Zion Market Research study, The global Heart Pump Device market was worth around USD 1983.10 billion in 2021 and is estimated to grow to.
A group of highly-skilled research specialists from Strategic Market Research stated that the Market for Ventricular Assist Devices was USD 1.3 Billion in.
The growth of this market is driven by increasing investments, funds, and grants for research on heart failure treatment; rising prevalence of cardiovascular diseases; long waiting periods for heart transplants; favorable reimbursements for heart pump devices; and increasing obesity.
Ventricular assist devices are expected to hold the largest share of the heart pump device market, by product in 2021.
Based on products, the heart pump devices market is segmented into ventricular assist devices, intra- aortic balloon pumps, and total artificial hearts. Ventricular assist devices are the largest and fastest-growing segment in this market. Growth in this segment can primarily be attributed to technological advancements, the shortage of organ donors, and the increasing prevalence of heart failure globally.