Market Analysis
Acknowledging the
numerous innovations transpired in the heart transplant market and the surging
traction the market is currently garnering Market Research Future (MRFR) in its
recently published study report asserts that the global heart transplant market
share is projected to reach USD 24.3 billion by 2032 at a CAGR 10.10% during
the forecast year 2023-2032
Heart Transplant or
Heart Implant or Cardiac Transplant surgery market is growing rapidly,
enhancing the quality of life of people by delivering miraculous results. Over the past few decades, many innovations
have transpired in the field of heart transplant allowing patients an extended
lifespan of 13 years approximately with the new heart.
The advancement of
effective drugs ascended the success rate of heart transplants to further
heights allowing the heart transplant market to witness upsurge. Another
predominant factor that contributes to the market growth is the growing
prevalence of heart failure and severe coronary artery diseases across the
globe.
The advancements in
surgical techniques, immunosuppressive modalities, and postoperative care along
with the growing prevalence of heart failures and heart-related diseases are
boosting the revenues in the market. In recent years, lower availability of donors
has prompted significant investments in R&D activities to invent advent
technologies and new surgical techniques. These investments, in turn, are
defining the immense growth landscape of the heart transplant market insights.
The heart transplant market overview will gradually subside within a decade with the emergence of artificial
pumps and stem cell therapy that will replace the heart transplant. Until then
the market will witness its heydays. Simultaneously, insufficient availability
of suitable donor’s pool and the complications of a heart transplant such as
chances of rejection which basically is immune system’s attacks on transplanted
heart, are some of the challenges the market is facing currently. Nevertheless,
the emergence of new powerful Immunosuppressive Medications that can control
the rejection issues ruling out further chances of acute rejection of the organ
will, in turn, support the growth of the heart transplant market. Moreover, the
emergence of the Endomyocardial Biopsy coupled with the new high-tech analysis
is expected to boost the growth of the Heart Transplant market trends.
Heart Transplant
Market - Competitive Analysis
The
well-established players operating in the highly competitive global market for
heart transplant incorporate strategies such as collaboration, acquisition,
partnership, technology launch, and expansion, in order to gain the competitive
edge in this market.
They also invest
substantial funds in R&D and clinical trials to develop effective heart
transplant program which is comprehensive, advanced and state-of-the-art. Some
hospitals strive to provide tailor-made transplant surgeries based on the
ailments, age, and other complications. With advanced diagnostics, and
comprehensive rehabilitation schedule these hospitals ensure that patients have
access to the best care at every stage of the transplant journey.
Key Players:
The heart
transplant market players are.
·
SynCardia
Systems, LLC,
·
Apaxis
Medical, Inc.,
·
HeartWare,
·
Calon
Cardio,
·
Thoratec
Corporation, and
·
Optum Inc.
Heart Transplant Market - Regional Analysis
Globally, North
America region accounts for the largest heart transplant market report which is estimated to be the major revenue pocket during the review
period. The U.S. with its largest number of heart transplants performed
(approx. 1700 annually) accounts for one of the major revenue generators in the
global market.
Additional factors
contributing towards the growth of the market in the region are, increased
incidence of heart diseases, technological advancements transpired in the
medical sector, increased research & development activities, etc. Besides,
rising procurement of transplant diagnostic instruments among medical
facilities supports the market growth in the region.
The Europe heart
transplant market accounts for the second-largest market, globally owing to the
initiatives undertaken by the government and availability of funds. The market
is expected to increase steadily throughout the forecast period. Also, huge
investments transpired in the healthcare domain are fostering the growth of the
market in the region.
The Asia Pacific
region is too emerging as one of the promising markets for the heart
transplants, growing rapidly. The market is predominantly growing due to the
burgeoning medical tourism market in the region. Equipped with the
state-of-the-art healthcare infrastructure and flocked with skilled cardiac
surgeons, the APAC heart transplant market has improved its reliability for
good results.
Heart Transplant Market - Segments
The MRFR analysis is segmented into three key dynamics for enhanced understanding.
By Surgery Types : Comprises - Ventricular Assist Devices, and Total Artificial Hearts among others.
By End Users : Hospitals, Cardiac institutes, Research Centers, and laboratories among others.
By Regions : North America, Europe, APAC, and the Rest-of-the-World.
Wearable
Heart Monitoring Devices Market
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