South Korea Heart Pump Device Market Size & Outlook, 2025-2033
South Korea Heart Pump Device Market Insights
- Reed Intelligence analysis indicates that the South Korea Heart Pump Device Market size, valued at USD 31.75 Million in 2024, is expected to expand to USD 208.31 Million by 2033.
- The South Korea market is forecasted to expand at a CAGR of 23.1% spanning 2026–2033.
- Intra-Aortic Balloon Pumps held the leading position among By Product segments in 2024, based on market size.
- Intra-Aortic Balloon Pumps is projected to post the fastest growth rate, sustaining its position as the most attractive By Product segment during the forecast horizon.
Source: RI Analysis Company Publications, Primary Interviews.
Other Key Findings
- As of 2024, South Korea held 1.86% of the global Heart Pump Device Market size.
- By 2033, United States is anticipated to capture the largest share of the global Heart Pump Device Market.
- In Asia Pacific, China is expected to lead the regional Heart Pump Device Market size by 2033.
- Australia will remain the fastest-growing market in Asia Pacific, reaching USD 222.43 Million by 2033.
Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2021-2033 |
| Historical Period | 2021-2023 |
| Forecast Period | 2025-2033 |
| Market Size In 2024 | USD 31.75 Million |
| Market Size In 2033 | USD 208.31 Million |
| Largest segment | Intra-Aortic Balloon Pumps |
| Units | Revenue in USD Million |
| CAGR | 23.1% (2025-2033) |
| Segmnetation Covered | |
| By Product |
|
| By Type |
|
| By Therapy |
|
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
South Korea Heart Pump Device Market By Product 2025-2033 (USD Million)
| By Product | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Intra-Aortic Balloon Pumps | XX.x | XX.x | XX.x | 14.34 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Ventricular Assist Devices | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total Artificial Heart | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: RI Analysis Company Publications, Primary Interviews.
South Korea Heart Pump Device Market By Type 2025-2033 (USD Million)
| By Type | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Implantable Heart Pump Devices | XX.x | XX.x | XX.x | 19.09 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Extracorporeal Heart Pump Devices | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: RI Analysis Company Publications, Primary Interviews.
South Korea Heart Pump Device Market By Therapy 2025-2033 (USD Million)
| By Therapy | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bridge-to-transplant (BTT) | XX.x | XX.x | XX.x | 12.75 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Bridge-to-candidacy (BTC) | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Destination Therapy (DT) | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Other Therapies | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: RI Analysis Company Publications, Primary Interviews.