The report provides a comprehensive analysis of segments in the Artificial Heart Market, covering all the major regions and countries. The major regions analyzed in the study are North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The report also includes additional information about other factors such as drivers, restraints and challenges faced by this market along with an overview for each mentioned segment in the study.
Global Artificial Heart Market is valued at approximately USD $$ million in 2021 and is anticipated to grow with a healthy growth rate of more than 15.4% over the forecast period 2022-2028.
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A surgically implanted pump is referred to as an artificial heart or entire artificial heart and is used to substitute diseased or damaged heart ventricles and provide circulation. The heart’s ventricles transport blood from the chambers to the lungs and other organs. The implanted pumps are managed by machines outside the body, assisting blood flow to and from the heart. The factors propelling the market growth are technological advancements and growing burden of Cardiovascular diseases. According to a report by the British Heart Foundation, January 2022, there are around 7.6 million individuals in the UK who have heart disease, and this causes up to 160,000 deaths annually.
Cardiovascular diseases cause an average of 460 deaths each day, or one fatality every three minutes, in the United Kingdom (CVDs). The category is also expected to increase as a result of the introduction of new products and ongoing government support. A China-developed “artificial heart” for severe heart failure, for instance, received marketing approval from China’s National Medical Products Administration in July 2022. The “heart” is a left ventricular assist device that is implantable and powered by ferrofluids. Furthermore, increase in the geriatric population propels the market opportunities in the upcoming years. However, high cost of Artificial Heart and related surgery and strict regulatory scenario impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Artificial Heart Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is leading the global market revenue share owing to growing burden of cardiovascular diseases and rising adoption of technologies. However, Asia Pacific region is expected to be the market growth due to rapid adaptation of healthcare technology in the region.
Major market players included in this report are:
- ReinHeart TAH GmbH
- SynCardia Systems, LLC
- Calon Cardio-Technology Ltd
- Abiomed
- CryoLife, Inc
- BiVACOR Inc.
- Jarvik Heart, Inc.
- Abbott
- Carmat
- Berlin Heart Inc.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Application offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Ventricular Assist Device
Total Artificial Heart
Heart-Lung Machine
Others
By Power Source:
Internal Battery
External Battery
By End User:
Hospitals and Clinics
Specialty Clinics
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Table of content
Market Overview
Market Definition and Scope
Market Dynamics
Market Industry Analysis
Market, Regional Analysis
Analysis of Leading Companies
Competitive Intelligence
Research Process
Market Analysis and Forecast, By Product Types
Some of the Key Questions Answered in this Report:
- What is the Market dimension at the regional and country-level?
- What are the key drivers, restraints, opportunities, and challenges of the Market, and how they are anticipated to influence the market?
- What is the international (North America, Europe, Asia-Pacific, South America, Middle East and Africa) income value, manufacturing value, consumption value, import and export of Market?
- Who are the world key producers of the Market Industry? How is their working state of affairs (capacity, production, sales, price, cost, gross, and revenue)?
- What are the Market possibilities and threats confronted via the carriers in the world Market Industry?
- Which application/end-user or product kind may also be seeking for incremental boom prospects? What is the market share of every kind and application?
- What targeted method and constraints are keeping the Market?
- What are the distinct sales, marketing, and distribution channels in the world industry?
- What are the upstream uncooked substances and manufacturing gear of Market alongside with the manufacturing technique of Market?
- What are the key market tendencies impacting the increase of the Market?
- Economic have an impact on the Market enterprise and improvement vogue of the Market industry.
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