Centrifugal Blood Pump Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application, Product Type
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Introduction
Centrifugal blood pumps, available in electronic and mechanical types, support cardiac procedures like CABG (4 million annually) and heart failure management (64 million cases). These pumps reduce hemolysis by 20% and improve survival rates by 15%. The market is driven by rising cardiovascular diseases (530 million cases), aging populations, and transplant surgeries (150,000 annually). Innovations like magnetic levitation and portable ECMO enhance efficiency. The global market is projected to reach between USD 60 million and USD 90 million in 2025, with a CAGR of 4.2% to 6.5% through 2030.
Regional Analysis
North America: The U.S. leads with high heart failure rates, while Canada focuses on transplant care.
Europe: Germany, France, and the UK drive demand due to advanced cardiac surgery.
Asia Pacific: China sees growth from 50,000 transplants annually, while Japan emphasizes elderly care.
Rest of the World: Brazil expands cardiac services, and the Middle East invests in ECMO.
Application Analysis
Hospitals: Expected growth of 4.3%-6.6%, driven by CABG surgeries. Trends focus on ECMO integration.
Ambulatory Surgical Centers: Projected growth of 4.2%-6.5%, linked to outpatient procedures. Developments emphasize portability.
Specialty Clinics: Anticipated growth of 4.4%-6.7%, suited for heart failure. Advances prioritize precision.
Others: Expected growth of 4.1%-6.4%, covering transplant centers. Trends lean toward cost-efficiency.
Type Analysis
Electronic: Expected growth of 4.4%-6.7%, valued for smart monitoring. Trends highlight magnetic levitation.
Mechanical: Projected growth of 4.2%-6.5%, key for reliability. Advances focus on durability.
Key Market Players
Leading firms include Medtronic, offering advanced pumps; Abbott Laboratories, launching CentriMag; Terumo Corporation, enhancing ECMO; Getinge, supporting cardiac care; LivaNova, introducing LifeSPARC; Baxter International, scaling solutions; Braille Biomedica, targeting transplants; Qura, boosting efficiency; 3M, advancing tech; and Spectrum Medical, innovating in pumps.
Porter's Five Forces Analysis
Threat of New Entrants: Moderate, due to high regulatory and capital barriers, though niche innovators can enter.
Threat of Substitutes: Low, as centrifugal pumps are essential for cardiac support with no direct alternatives.
Bargaining Power of Buyers: Moderate, with facilities seeking reliable, cost-effective pumps, though clinical needs limit options.
Bargaining Power of Suppliers: Low, with multiple component providers.
Competitive Rivalry: High, with competition on efficiency, portability, and cost.
Market Opportunities and Challenges
Opportunities:
Cardiovascular diseases (530 million cases) and transplants (150,000 annually) drive demand.
Aging populations (1.5 billion over 65 by 2050) boost needs, while magnetic levitation and portable ECMO enhance adoption.
R&D investments (15% annual increase) increase usage.
Challenges:
High costs of electronic pumps limit access in low-income regions.
Regulatory delays for new tech slow growth.
Limited cardiac surgeons in rural areas restrict expansion.
Market News
In April 2023, Abbott Laboratories received FDA clearances for its CentriMag Blood Pump for ECMO.
In November 2022, LivaNova received FDA 510(k) clearance for its LifeSPARC ECMO system.
In October 2021, a study introduced a portable centrifugal blood pump for heart failure patients.
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Centrifugal Blood Pump Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Historical and Forecast Centrifugal Blood Pump Market in North America (2020-2030)
8.1 Centrifugal Blood Pump Market Size
8.2 Centrifugal Blood Pump Market by End Use
8.3 Competition by Players/Suppliers
8.4 Centrifugal Blood Pump Market Size by Type
8.5 Key Countries Analysis
8.5.1 United States
8.5.2 Canada
8.5.3 Mexico
Chapter 9 Historical and Forecast Centrifugal Blood Pump Market in South America (2020-2030)
9.1 Centrifugal Blood Pump Market Size
9.2 Centrifugal Blood Pump Market by End Use
9.3 Competition by Players/Suppliers
9.4 Centrifugal Blood Pump Market Size by Type
9.5 Key Countries Analysis
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.5.4 Peru
Chapter 10 Historical and Forecast Centrifugal Blood Pump Market in Asia & Pacific (2020-2030)
10.1 Centrifugal Blood Pump Market Size
10.2 Centrifugal Blood Pump Market by End Use
10.3 Competition by Players/Suppliers
10.4 Centrifugal Blood Pump Market Size by Type
10.5 Key Countries Analysis
10.5.1 China
10.5.2 India
10.5.3 Japan
10.5.4 South Korea
10.5.5 Southest Asia
10.5.6 Australia
Chapter 11 Historical and Forecast Centrifugal Blood Pump Market in Europe (2020-2030)
11.1 Centrifugal Blood Pump Market Size
11.2 Centrifugal Blood Pump Market by End Use
11.3 Competition by Players/Suppliers
11.4 Centrifugal Blood Pump Market Size by Type
11.5 Key Countries Analysis
11.5.1 Germany
11.5.2 France
11.5.3 United Kingdom
11.5.4 Italy
11.5.5 Spain
11.5.6 Belgium
11.5.7 Netherlands
11.5.8 Austria
11.5.9 Poland
11.5.10 Russia
Chapter 12 Historical and Forecast Centrifugal Blood Pump Market in MEA (2020-2030)
12.1 Centrifugal Blood Pump Market Size
12.2 Centrifugal Blood Pump Market by End Use
12.3 Competition by Players/Suppliers
12.4 Centrifugal Blood Pump Market Size by Type
12.5 Key Countries Analysis
12.5.1 Egypt
12.5.2 Israel
12.5.3 South Africa
12.5.4 Gulf Cooperation Council Countries
12.5.5 Turkey
Chapter 13 Summary For Global Centrifugal Blood Pump Market (2020-2025)
13.1 Centrifugal Blood Pump Market Size
13.2 Centrifugal Blood Pump Market by End Use
13.3 Competition by Players/Suppliers
13.4 Centrifugal Blood Pump Market Size by Type
Chapter 14 Global Centrifugal Blood Pump Market Forecast (2025-2030)
14.1 Centrifugal Blood Pump Market Size Forecast
14.2 Centrifugal Blood Pump Application Forecast
14.3 Competition by Players/Suppliers
14.4 Centrifugal Blood Pump Type Forecast
Chapter 15 Analysis of Global Key Vendors
15.1 Medtronic
15.1.1 Company Profile
15.1.2 Main Business and Centrifugal Blood Pump Information
15.1.3 SWOT Analysis of Medtronic
15.1.4 Medtronic Centrifugal Blood Pump Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 Abbott Laboratories
15.2.1 Company Profile
15.2.2 Main Business and Centrifugal Blood Pump Information
15.2.3 SWOT Analysis of Abbott Laboratories
15.2.4 Abbott Laboratories Centrifugal Blood Pump Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 Terumo Corporation
15.3.1 Company Profile
15.3.2 Main Business and Centrifugal Blood Pump Information
15.3.3 SWOT Analysis of Terumo Corporation
15.3.4 Terumo Corporation Centrifugal Blood Pump Sales, Revenue, Price and Gross Margin (2020-2025)
15.4 Getinge
15.4.1 Company Profile
15.4.2 Main Business and Centrifugal Blood Pump Information
15.4.3 SWOT Analysis of Getinge
15.4.4 Getinge Centrifugal Blood Pump Sales, Revenue, Price and Gross Margin (2020-2025)
15.5 LivaNova
15.5.1 Company Profile
15.5.2 Main Business and Centrifugal Blood Pump Information
15.5.3 SWOT Analysis of LivaNova
15.5.4 LivaNova Centrifugal Blood Pump Sales, Revenue, Price and Gross Margin (2020-2025)
15.6 Baxter International
15.6.1 Company Profile
15.6.2 Main Business and Centrifugal Blood Pump Information
15.6.3 SWOT Analysis of Baxter International
15.6.4 Baxter International Centrifugal Blood Pump Sales, Revenue, Price and Gross Margin (2020-2025)
15.7 Braille Biomedica
15.7.1 Company Profile
15.7.2 Main Business and Centrifugal Blood Pump Information
15.7.3 SWOT Analysis of Braille Biomedica
15.7.4 Braille Biomedica Centrifugal Blood Pump Sales, Revenue, Price and Gross Margin (2020-2025)
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Table Research Scope Of Centrifugal Blood Pump Report
Table Data Sources Of Centrifugal Blood Pump Report
Table Major Assumptions Of Centrifugal Blood Pump Report
Table Centrifugal Blood Pump Classification
Table Centrifugal Blood Pump Applications
Table Drivers Of Centrifugal Blood Pump Market
Table Restraints Of Centrifugal Blood Pump Market
Table Opportunities Of Centrifugal Blood Pump Market
Table Threats Of Centrifugal Blood Pump Market
Table Raw Materials Suppliers
Table Different Production Methods Of Centrifugal Blood Pump
Table Cost Structure Analysis Of Centrifugal Blood Pump
Table Key End Users
Table Latest News Of Centrifugal Blood Pump Market
Table Merger And Acquisition
Table Planned/Future Project Of Centrifugal Blood Pump Market
Table Policy Of Centrifugal Blood Pump Market
Table 2020-2030 North America Centrifugal Blood Pump Market Size
Table 2020-2030 North America Centrifugal Blood Pump Market Size By Application
Table 2020-2025 North America Centrifugal Blood Pump Key Players Revenue
Table 2020-2025 North America Centrifugal Blood Pump Key Players Market Share
Table 2020-2030 North America Centrifugal Blood Pump Market Size By Type
Table 2020-2030 United States Centrifugal Blood Pump Market Size
Table 2020-2030 Canada Centrifugal Blood Pump Market Size
Table 2020-2030 Mexico Centrifugal Blood Pump Market Size
Table 2020-2030 South America Centrifugal Blood Pump Market Size
Table 2020-2030 South America Centrifugal Blood Pump Market Size By Application
Table 2020-2025 South America Centrifugal Blood Pump Key Players Revenue
Table 2020-2025 South America Centrifugal Blood Pump Key Players Market Share
Table 2020-2030 South America Centrifugal Blood Pump Market Size By Type
Table 2020-2030 Brazil Centrifugal Blood Pump Market Size
Table 2020-2030 Argentina Centrifugal Blood Pump Market Size
Table 2020-2030 Chile Centrifugal Blood Pump Market Size
Table 2020-2030 Peru Centrifugal Blood Pump Market Size
Table 2020-2030 Asia & Pacific Centrifugal Blood Pump Market Size
Table 2020-2030 Asia & Pacific Centrifugal Blood Pump Market Size By Application
Table 2020-2025 Asia & Pacific Centrifugal Blood Pump Key Players Revenue
Table 2020-2025 Asia & Pacific Centrifugal Blood Pump Key Players Market Share
Table 2020-2030 Asia & Pacific Centrifugal Blood Pump Market Size By Type
Table 2020-2030 China Centrifugal Blood Pump Market Size
Table 2020-2030 India Centrifugal Blood Pump Market Size
Table 2020-2030 Japan Centrifugal Blood Pump Market Size
Table 2020-2030 South Korea Centrifugal Blood Pump Market Size
Table 2020-2030 Southeast Asia Centrifugal Blood Pump Market Size
Table 2020-2030 Australia Centrifugal Blood Pump Market Size
Table 2020-2030 Europe Centrifugal Blood Pump Market Size
Table 2020-2030 Europe Centrifugal Blood Pump Market Size By Application
Table 2020-2025 Europe Centrifugal Blood Pump Key Players Revenue
Table 2020-2025 Europe Centrifugal Blood Pump Key Players Market Share
Table 2020-2030 Europe Centrifugal Blood Pump Market Size By Type
Table 2020-2030 Germany Centrifugal Blood Pump Market Size
Table 2020-2030 France Centrifugal Blood Pump Market Size
Table 2020-2030 United Kingdom Centrifugal Blood Pump Market Size
Table 2020-2030 Italy Centrifugal Blood Pump Market Size
Table 2020-2030 Spain Centrifugal Blood Pump Market Size
Table 2020-2030 Belgium Centrifugal Blood Pump Market Size
Table 2020-2030 Netherlands Centrifugal Blood Pump Market Size
Table 2020-2030 Austria Centrifugal Blood Pump Market Size
Table 2020-2030 Poland Centrifugal Blood Pump Market Size
Table 2020-2030 Russia Centrifugal Blood Pump Market Size
Table 2020-2030 Mea Centrifugal Blood Pump Market Size
Table 2020-2030 Mea Centrifugal Blood Pump Market Size By Application
Table 2020-2025 Mea Centrifugal Blood Pump Key Players Revenue
Table 2020-2025 Mea Centrifugal Blood Pump Key Players Market Share
Table 2020-2030 Mea Centrifugal Blood Pump Market Size By Type
Table 2020-2030 Egypt Centrifugal Blood Pump Market Size
Table 2020-2030 Israel Centrifugal Blood Pump Market Size
Table 2020-2030 South Africa Centrifugal Blood Pump Market Size
Table 2020-2030 Gulf Cooperation Council Countries Centrifugal Blood Pump Market Size
Table 2020-2030 Turkey Centrifugal Blood Pump Market Size
Table 2020-2025 Global Centrifugal Blood Pump Market Size By Region
Table 2020-2025 Global Centrifugal Blood Pump Market Size Share By Region
Table 2020-2025 Global Centrifugal Blood Pump Market Size By Application
Table 2020-2025 Global Centrifugal Blood Pump Market Share By Application
Table 2020-2025 Global Centrifugal Blood Pump Key Vendors Revenue
Table 2020-2025 Global Centrifugal Blood Pump Key Vendors Market Share
Table 2020-2025 Global Centrifugal Blood Pump Market Size By Type
Table 2020-2025 Global Centrifugal Blood Pump Market Share By Type
Table 2025-2030 Global Centrifugal Blood Pump Market Size By Region
Table 2025-2030 Global Centrifugal Blood Pump Market Size Share By Region
Table 2025-2030 Global Centrifugal Blood Pump Market Size By Application
Table 2025-2030 Global Centrifugal Blood Pump Market Share By Application
Table 2025-2030 Global Centrifugal Blood Pump Key Vendors Revenue
Table 2025-2030 Global Centrifugal Blood Pump Key Vendors Market Share
Table 2025-2030 Global Centrifugal Blood Pump Market Size By Type
Table 2025-2030 Centrifugal Blood Pump Global Market Share By Type
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Centrifugal Blood Pump Picture
Figure 2020-2030 North America Centrifugal Blood Pump Market Size And Cagr
Figure 2020-2030 South America Centrifugal Blood Pump Market Size And Cagr
Figure 2020-2030 Asia & Pacific Centrifugal Blood Pump Market Size And Cagr
Figure 2020-2030 Europe Centrifugal Blood Pump Market Size And Cagr
Figure 2020-2030 Mea Centrifugal Blood Pump Market Size And Cagr
Figure 2020-2025 Global Centrifugal Blood Pump Market Size And Growth Rate
Figure 2025-2030 Global Centrifugal Blood Pump Market Size And Growth Rate
Research Methodology
- Market Estimated Methodology:
Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.
1)Top-down & Bottom-up Approach
Top-down approach uses a general market size figure and determines the percentage that the objective market represents.
Bottom-up approach size the objective market by collecting the sub-segment information.
2)Supply & Demand Approach
Supply approach is based on assessments of the size of each competitor supplying the objective market.
Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.
- Forecasting Methodology
- Numerous factors impacting the market trend are considered for forecast model:
- New technology and application in the future;
- New project planned/under contraction;
- Global and regional underlying economic growth;
- Threatens of substitute products;
- Industry expert opinion;
- Policy and Society implication.
- Analysis Tools
1)PEST Analysis
PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.
- Benefits of a PEST analysis:
- It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
- It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
- It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
- It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.
2)Porter’s Five Force Model Analysis
The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.
- Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
- Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
- Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
- Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
- Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.
3)Value Chain Analysis
Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.
4)SWOT Analysis
SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.
- Strengths describe what the player excels at and separates it from the competition
- Weaknesses stop the player from performing at its optimum level.
- Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
- Threats refer to factors that have the potential to harm the player.
- Data Sources
Primary Sources | Secondary Sources |
---|---|
Face to face/Phone Interviews with market participants, such as: Manufactures; Distributors; End-users; Experts. Online Survey |
Government/International Organization Data: Annual Report/Presentation/Fact Book Internet Source Information Industry Association Data Free/Purchased Database Market Research Report Book/Journal/News |