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Dearth of Donors to Support Artificial Heart Market | Global Artificial Heart Industry Share, Size Estimation, Competitive Landscape, Key Players, Regional Forecast to 2024

September 3rd, 2019 Market Research Future Releases

“Artificial Heart Market Research Report – Global Forecast till 2024” Published by Market Research Future. MRFR Provides In-depth Industry Analysis, Size, Share, Market Demand Overview, Future Trends. Global Artificial Heart Market Research Report Analysis by Type (Heart-Lung Machine, Mechanical Heart, Total Artificial Hearts, Ventricular Assist Devices (VADs)), End User (Hospitals & Clinics, Specialty Centers) and Region (Americas, Europe, Asia-Pacific, Middle East & Africa) – Forecast till 2024

Artificial Heart Market Overview

An artificial heart is a pump which is designed to replace heart ventricles to restore normal functioning. Unavailability of donors, allograft coronary diseases, and various other limitations are increasingly favoring artificial hearts. They are used as a bridge to provide permanent mechanical cardiac support, and its success is being evidenced by number of artificial hearts working successfully across the globe. Market Research Future (MRFR) has recently published an in-depth report on the global artificial heart market and has cited rising incidence of cardiac disorders among the primary drivers of the growth of the artificial heart market. The report is a compilation of various other pertinent trend and factors that can impact the growth of the market in the coming years. As per MRFR’s analysis, the artificial heart market is anticipated to register a CAGR of 15.1% 2019-2024.

Technological advancements, aggressive R&D activities, clinical trials, and massive support from research institutions and government bodies are factors propelling the growth of the market. Other vital factors include rapid greying of the global population and increasingly favorable reimbursement landscape. However, stringent regulatory framework is likely to be potential hindrance to the growth of the market.

Get Free Sample of This Report @ https://www.marketresearchfuture.com/sample_request/7985

Competitive Landscape of Artificial Heart Market

Cleveland Heart, Inc., Thoratec Corporation, ABIOMED, Abbott, CryoLife, Inc., BiVACOR Inc., CARMAT, and SynCardia Systems, LLC are the eminent players ion the global artificial heart market.

Artificial Heart Market Segmentation

The artificial heart market has been segmented based on type and end user.

By type, the artificial heart market has been segmented into the heart-lung machine and mechanical heart. The mechanical heart segment has been further segmented into total artificial hearts and ventricular assist devices (VADs). The mechanical heart segment is expected to exhibit a higher CAGR over the forecast period.

By end-user, the artificial heart market has been segmented into hospitals & clinics, specialty centers, and others.

Regional Analysis

Region-wise, the artificial market has been segmented into the Americas, the Middle East & Africa (MEA), Europe, and Asia Pacific (APAC).

The Americas is the leading market for artificial heart. Fast-track adoption of advanced technologies is the key factor that is supporting the growth of the market. Artificial heart is a relatively advanced and new technology and the Americas has been a frontrunner in the adoption of the artificial heart, which can be credited to the high prevalence of cardiovascular diseases and high healthcare expenditure. As per the estimates of the Center for Disease Control and Prevention (2015), around 630,000 Americans die from cardiovascular diseases every year. Moreover, the presence of a numvber of established market players in the region, who are actively involved in product innovation and development are also favoring the growth of the market. Furthermore, the region is experiencing a number of advancedments in technology which is supporting the growth of the market. Government initiatives in the form of R&D grants is also a supportive factor.

Europe is the second-largest artificial heart market and is expected to exhibit substantial growth over the forecast period. Cardiovascular diseases remain a leading cause of deaths across Europe. Aggressive R&D activities and prolific growth of the medical devices industry is augmenting the growth of the market.

APAC is poised to be the fastest-growing market for artificial heart. Established market players are eyeing on expanding their reach to the region. Given the high burden iof cardiovascular diseases in the region, market players are certain to find potential for growth in the healthcare sector of APAC. Low cost of R&D activities has encouraged various key players to set up their research facilities in the region. Singapore, South Korea, Japan, China, and Australia are key manufacturing pockets in the region.

The MEA market is anticipated to exhibit the least growth over the forecast period. The growth of the market is subdued by factors such as the lack of awareness regarding the device, poor economic conditions, and underdeveloped healthcare sector. Unavailability of skilled medical professionals and lack of the required healthcare infrastructure are also detering factors.

Industry Updates

August 2019 – researchers at the University of Birmingham have developed a device that could improve care for patients with artificial heart pumps. Sometimes, patients waiting for a heart transplant opt for a left ventricular assist device (LVAD), commonly known as a heart pump. It requires an open heart surgery to restore normal blood flow of the heart and patients require to carry the device all the time, which can significantly impact the life of the individual. The new research has developed a patient reported outcome measure (PROM), which is likely to improve clinical care for such patients. It would also help to provide recommendations for future policies, designs, and research.

Table Of Contents:

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Detection Technique Trends & Assessment

Chapter 5. Market Factor Analysis

…Continued

LIST OF TABLES 

Table 1 Global Artificial Heart Market Synopsis, 2019–2024

Table 2 Global Artificial Heart Market Estimates And Forecast, 2019–2024

(USD Million)

Table 3 Global Artificial Heart Market, By Region, 2019–2024 (USD Million)

Table 4 Global Artificial Heart Market, By Type, 2019–2024 (USD Million)

Table 5 Global Artificial Heart Market, By End-User, 2019–2024 (USD

Million)

…Continued

LIST OF FIGURES

Figure 1 Research Process

Figure 2 Segmentation For Global Artificial Heart Market

Figure 3 Segmentation Market Dynamics For Global Artificial Heart Market

Figure 4 Global Artificial Heart Market Share, By Type, 2018

Figure 5 Global Artificial Heart Market Share, By End User, 2018

…Continued

Get access to full summary @ https://www.marketresearchfuture.com/reports/artificial-heart-market-7985

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Akash Anand

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com

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