Artificial Heart Market : Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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Global Artificial Heart Market: By Type (Mechanical heart, Heart-lung machines, Ventricular assisted devices), By purpose (Permanent artificial heart & temporary artificial heart), By Energy (Pneumatically powered & Electrically powered) and Geography

 

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Report

Description

Artificial Heart Market size was valued at 2.82 Billion in 2021 and is estimated to reach 7.63 Billion by 2028, at a CAGR of 15.3% during the forecast period 2022 to 2028. Limited availability of donors, on spot availability of fresh organs had limited the rate of orthotropic heart transplantations. High chances of non-suitability of available organs due to blood groups, age and high risk of transplantation due to high pulmonary vascular resistance of patients leads in increasing number of patients for organs than with donors which leads to high increase in demand for artificial heart devices. Although high cost procedures, stringent regulatory scenarios are restraining the market in some cases. Global artificial heart market is surging owing to frequent acquisitions and launchings by the market players. For instance, In August 2019 researchers at The University of Birmingham have developed a device that could improve care for patients with artificial heart pumps. Also non-blood contacting devices are developing which will enhance the market.

Artificial Heart Market

MARKET SUMMARY
-
15.3%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 15.3%
  • Largest Market– North America
  • Fastest Growing Market– North America

Artificial Heart Market

  • Global Artificial heart market report gives comprehensive outlook on artificial heart across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global artificial heart market gives historical, current, and future market sizes (US$ Bn) on the basis of type, purpose, energy, and region.
  • This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • Key stakeholders of the global artificial heart market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global Artificial Heart products.
Market Key Players
  • Abbott Laboratories
  • ABIOMED
  • Berlin heart
  • BIVACOR Inc.
  • CARMAT
  • Cleveland Heart Inc.
  • CRYO life Inc.
  • JARVIK Heart Inc.
  • LIVA-NOVA PLC
  • MYLVAD
Growth

Artificial Heart Market

These devices are used mostly in cases of advanced cardiovascular disease patients in whom their biological heart is damaged either partially or completely and is in non-favorable condition for orthotropic heart transplantation. These are most prominently using in acute biventricular dysfunction where one ventricle of heart is replaced by prosthetic heart. Also widely spreading in allograft coronary diseases. These devices are highly efficient and they do not possess any side effects or incompatibilities with the patient body.


North-America Got Significant Share

Artificial Heart Market

North America accounted for larger revenue share in global artificial heart market with a considerable CAGR. The growth in this region can be attributed to the presence of large cardiac disease patients and more advanced treatment facilities. According to center for disease control & prevention 2015 over 630,000 Americans died of heart diseases which is one fourth of country’s population and in 2016, 1.42 billion market occurred in North American region alone. “American heart association’’ alone spending around 800 million USD on cardiac treatments and researches. Countries like USA and Canada with advanced technologies, great funding for research places this region on top of the list.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Findings of the Report

  • Global Artificial Heart market expanding at significant CAGR over 2022 to 2028 due to increase in geriatric population, high cases of acute cardiac failure patients and low availability of donors.
  • Based on type, Ventricular artificial devices(VAD’s) segment accounted for larger market revenue share in 2021 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global Artificial Heart market

Key

Key Features of the Report

Artificial Heart Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

1. Executive Summary
2. Global Artificial Heart Market Introduction
2.1. Global Artificial Heart Market – Taxonomy
2.2. Global Artificial Heart Market –Definitions
2.2.1. By Type
2.2.2. By End User
2.2.3. By Region
3. Global Artificial Heart Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Artificial Heart Market Dynamic Factors – Impact Analysis
3.6. Global Artificial Heart Market – Competition Landscape
4. Global Artificial Heart Market Analysis, 2027 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2027 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Artificial Heart Market, By Type, 2027 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
5.1. Heart-Lung Machine
5.1.1. Market Analysis, 2027 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Mechanical Heart
5.2.1. Total Artificial Hearts
5.2.1.1. Market Analysis, 2027 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.1.3. Market Opportunity Analysis
5.2.2. Ventricular Assist Devices (VADs)
5.2.2.1. Market Analysis, 2027 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.2.3. Market Opportunity Analysis
6. Global Artificial Heart Market, By End User, 2027 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
6.1. Hospitals & Clinics
6.1.1. Market Analysis, 2027 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Specialty Centers
6.2.1. Market Analysis, 2027 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Others
6.3.1. Market Analysis, 2027 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
7. Global Artificial Heart Market Forecast, By Region, 2027 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
7.1. North America
7.1.1. Market Analysis, 2027 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Europe
7.2.1. Market Analysis, 2027 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Asia-Pacific
7.3.1. Market Analysis, 2027 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Latin America
7.4.1. Market Analysis, 2027 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Middle East and Africa
7.5.1. Market Analysis, 2027 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Global Artificial Heart Market – Opportunity Analysis Index, By Type, End User, and Region, 2022 – 2028
8. North America Artificial Heart Market Analysis, 2027 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
8.1. Type Analysis 2027 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.1.1. Heart-Lung Machine
8.1.2. Mechanical Heart
8.1.2.1. Total Artificial Hearts
8.1.2.2. Ventricular Assist Devices (VADs)
8.2. End User Analysis 2027 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.2.1. Hospitals & Clinics
8.2.2. Specialty Centers
8.2.3. Others
8.3. Country Analysis 2027 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
8.3.1. USA
8.3.2. Canada
8.4. North America Artificial Heart Market – Opportunity Analysis Index, By Type, End User, and Country, 2022 – 2028
8.5. North America Artificial Heart Market Dynamics – Trends
9. Europe Artificial Heart Market Analysis, 2027 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
9.1. Type Analysis 2027 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Heart-Lung Machine
9.1.2. Mechanical Heart
9.1.2.1. Total Artificial Hearts
9.1.2.2. Ventricular Assist Devices (VADs)
9.2. End User Analysis 2027 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. Hospitals & Clinics
9.2.2. Specialty Centers
9.2.3. Others
9.3. Country Analysis 2027 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.3.1. Germany
9.3.2. UK
9.3.3. France
9.3.4. Spain
9.3.5. Italy
9.3.6. Russia
9.3.7. Rest of Europe
9.4. Europe Artificial Heart Market – Opportunity Analysis Index, By Type, End User, and Country, 2022 – 2028
9.5. Europe Artificial Heart Market Dynamics – Trends
10. Asia-Pacific Artificial Heart Market Analysis, 2027 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
10.1. Type Analysis 2027 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Heart-Lung Machine
10.1.2. Mechanical Heart
10.1.2.1. Total Artificial Hearts
10.1.2.2. Ventricular Assist Devices (VADs)
10.2. End User Analysis 2027 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Hospitals & Clinics
10.2.2. Specialty Centers
10.2.3. Others
10.3. Country Analysis 2027 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.3.1. China
10.3.2. India
10.3.3. Japan
10.3.4. ASEAN
10.3.5. Australia & New Zealand
10.3.6. Rest of Asia-Pacific
10.4. Asia-Pacific Artificial Heart Market – Opportunity Analysis Index, By Type, End User, and Country, 2022 – 2028
10.5. Asia-Pacific Artificial Heart Market Dynamics – Trends
11. Latin America Artificial Heart Market Analysis, 2027 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
11.1. Type Analysis 2027 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Heart-Lung Machine
11.1.2. Mechanical Heart
11.1.2.1. Total Artificial Hearts
11.1.2.2. Ventricular Assist Devices (VADs)
11.2. End User Analysis 2027 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Hospitals & Clinics
11.2.2. Specialty Centers
11.2.3. Others
11.3. Country Analysis 2027 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.3.1. Brazil
11.3.2. Mexico
11.3.3. Argentina
11.3.4. Rest of Latin America
11.4. Latin America Artificial Heart Market – Opportunity Analysis Index, By Type, End User, and Country, 2022 – 2028
11.5. Latin America Artificial Heart Market Dynamics – Trends
12. Middle East and Africa Artificial Heart Market Analysis, 2027 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
12.1. Type Analysis 2027 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Heart-Lung Machine
12.1.2. Mechanical Heart
12.1.2.1. Total Artificial Hearts
12.1.2.2. Ventricular Assist Devices (VADs)
12.2. End User Analysis 2027 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Hospitals & Clinics
12.2.2. Specialty Centers
12.2.3. Others
12.3. Country Analysis 2027 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.3.1. Gulf Cooperation Council (GCC) Countries
12.3.2. Israel
12.3.3. South Africa
12.3.4. Rest of MEA
12.4. MEA Artificial Heart Market – Opportunity Analysis Index, By Type, End User, and Country, 2022 – 2028
12.5. MEA Artificial Heart Market Dynamics – Trends
13. Competition Landscape 
13.1. Strategic Dashboard of Top Market Players
13.2. Company Profiles (Introduction, Financial Analysis, Type Offerings, Key Developments, Strategies, and SWOT Analysis)
13.2.1. Thoratec Corporation
13.2.2. SynCardia Systems LLC
13.2.3. Edwards Lifesciences Corporation
13.2.4. CryoLife Inc.
13.2.5. Cleveland Heart Inc.
13.2.6. CARMAT,
13.2.7. BiVACOR Inc.
13.2.8. ABIOMED
13.2.9. Abbott
14. Research Methodology
15. Key Assumptions and Acronyms

Report

Company Profile

  • Abbott Laboratories
  • ABIOMED
  • Berlin heart
  • BIVACOR Inc.
  • CARMAT
  • Cleveland Heart Inc.
  • CRYO life Inc.
  • JARVIK Heart Inc.
  • LIVA-NOVA PLC
  • MYLVAD
  • ON-X LIFE TECHNOLOGIES
  • RELAINT Heart Inc.
  • SYNCARDIA systems
  • Thoratec corporation

Description

Artificial Heart Market size was valued at 2.82 Billion in 2021 and is estimated to reach 7.63 Billion by 2028, at a CAGR of 15.3% during the forecast period 2022 to 2028. Limited availability of donors, on spot availability of fresh organs had limited the rate of orthotropic heart transplantations. High chances of non-suitability of available organs due to blood groups, age and high risk of transplantation due to high pulmonary vascular resistance of patients leads in increasing number of patients for organs than with donors which leads to high increase in demand for artificial heart devices. Although high cost procedures, stringent regulatory scenarios are restraining the market in some cases. Global artificial heart market is surging owing to frequent acquisitions and launchings by the market players. For instance, In August 2019 researchers at The University of Birmingham have developed a device that could improve care for patients with artificial heart pumps. Also non-blood contacting devices are developing which will enhance the market.

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