Mechanical Circulatory Support (MCS) Device Market size is estimated to be USD 4.52 Billion in 2024 and is expected to reach USD 8.12 Billion by 2033 at a CAGR of 7.4% from 2026 to 2033.
The global Mechanical Circulatory Support (MCS) device market was valued at approximately USD 2.5 billion in 2022, with an anticipated compound annual growth rate (CAGR) of 9.5% from 2023 to 2030. North America holds the largest share of the market, contributing more than 40% of the global revenue in 2022. The regions growth is driven by the increasing incidence of heart failure and the demand for advanced medical technologies. The market size in North America reached USD 1.05 billion in 2022, and it is expected to continue expanding with a CAGR of 10.2% during the forecast period. Europe follows North America in market share, with a market size of USD 750 million in 2022, growing at a CAGR of 8.7%.
Asia Pacific is projected to witness the fastest growth rate, with a CAGR of 11.2% during the forecast period. The market in Asia Pacific was valued at USD 350 million in 2022, driven by the rising healthcare expenditure, increasing awareness about heart diseases, and technological advancements. Countries like China and Japan are expected to play a significant role in this growth due to their large patient population and improving healthcare infrastructure. The Middle East and Africa are expected to see moderate growth, with a CAGR of 7.4%, while Latin America is expected to contribute significantly to market expansion due to improving healthcare facilities and rising healthcare spending, with a market size of USD 150 million in 2022.
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AbioMed
Abbott
Medtronic
Berlin Heart
Jarvik Heart
Sun Medical Technology Research
BiVACOR
SynCardia
CARMAT
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Mechanical Circulatory Support (MCS) Device Market
Ventricular Assist Devices (VADs)
Total Artificial Heart (TAH)
Intra-Aortic Balloon Pump (IABP)
Other Mechanical Circulatory Support Devices
Pulsatile Flow Devices
Non-Pulsatile Flow Devices
Implantable Devices
Extracorporeal Devices
Bridge to Transplantation
Bridge to Recovery
Destination Therapy
Bridge to Decision
Hospitals
Ambulatory Surgical Centers
Specialty Clinics
Other Healthcare Facilities
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Mechanical Circulatory Support (MCS) Device Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Mechanical Circulatory Support (MCS) Device Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Mechanical Circulatory Support (MCS) Device Market, By Type
6. Global Mechanical Circulatory Support (MCS) Device Market, By Application
7. Global Mechanical Circulatory Support (MCS) Device Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Mechanical Circulatory Support (MCS) Device Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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