The Global Heart Transplant Market is expected to grow at a CAGR of 11.2% during the forecast period of 2017-2023.
Heart failure occurs when the heart cannot pump enough blood and oxygen to support the organs. Coronary artery disease is the one of the main cause which damages the heart muscle that results in heart failure. Some of the other common causes are high blood pressure, and diabetes. The continuous increase in the number of heart failure cases has massively pushed the demand for the heart transplantation procedures. It has definitely had an impact in the revenues generated through the transplantation treatments which are also considered as a gold standard treatment for advanced heart failure. There are many factors which are responsible for the development of body condition that may lead to heart failures; such as cough- especially at night, poor exercise tolerance, shortness of breath, fatigue, and fluid retention among others.
Global Heart Transplant Market: Overview
More than 3,000 people are on the waiting list for the Heart transplant on any given day. However, the number of heart donors is only 2,200 every year. There is a huge gap between the demand of the transplant procedures and the supply for the same. Chances of getting a matching donor and successful heart transplant are very slim for any patient. In this scenario, artificial heart transplant is the best possible chance for the patients for their survival. At this moment, there is only one FDA approved total artificial heart in the market which is manufactured by Syncardia Systems LLC.
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Artificial heart transplant has emerged as a boon for the people in need for the heart transplant. It has created a hope for the patients who are desperately waiting for the heart transplant. Syncardia Systems Has played a humongous part in this revolutionary change in the treatment options for this severely critical procedure of heart transplant. Unfortunately, this procedure is currently being used less than 50 times per year as a bridge to heart transplant. According to the sources, there are at least 4 total artificial hearts under development. Hopefully, these new developments in the total artificial heart segment will counter all the difficulties in heart transplantation.
There is another noticeable development in the heart transplant business is the introduction of the OCS Heart Protable perfusion and monitopring system by TransMedics Inc. This system is the answer to the current cold storage heart preservation method, which increases the processing time and reduces transplantation ooutcome. OCS Heart System is believed to overcome these challenges and significantly improve patient outcomes, increase transplantation volume, and most importantly it can reduce the cost of the patient care. However, this system is not yet approved in United States, and is majorly used in the leading centers in Europe and Australia.
Global Heart Transplant Market: Competitive Analysis
Global heart transplant market is a continuously developing market, and there are number of device manufacturers who are involved in the manufacturing and development of the Ventricular access devices and also the total artificial heart. Some of these companies include SynCardia Systems, LLC, HeartWare International Inc., Apaxis Medical, Inc., Calon Cardio, Optum Inc., Thoratec Corporation, CardiacAssist Inc., CARMAT, TransMedics, Inc., ABIOMED, Jarvik Heart and others.
Industry/ Innovation/ Related News:
February 2017 – The University of Pittsburgh Medical Center and Microsoft announced their partnership launching an initiative to build three specialty hospitals with a digital focus. UPMC declared the investment of USD 2 billion to add three tech-based hospitals to its healthcare system in Pittsburgh, including the UPMC Heart and Transplant Hospital, UPMC Hillman Cancer Hospital and UPMC Vision and Rehabilitation Hospital. Microsoft will act as creative force for developing the digital hospitals in this collaboration providing developers and leveraging its digital tools.
Chapter 1 Report Prologue
Chapter 2 Introduction
2.2 Scope of the Study
2.2.1 Research Objective
2.3 Market Structure
2.4. Market Segmentation
Chapter 3 Research Methodology
3.1 Research Process
3.2 Primary Research
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3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
Chapter 4 Market Dynamics
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