Global Artificial Heart Market, By Type (Bioanalytical Testing Services, Physical Characterization Services, Method Development, and Validation Services, Raw Material Testing Services, Batch-Release Testing Services, Stability Testing, Microbial Testing Services, Environmental Monitoring Services), End-User (Pharmaceutical and Biopharmaceutical Companies, Medical Device Companies, Contract Research Organizations), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of the Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Artificial Heart Market
The artificial heart market is expected to witness market growth at a rate of 15.78% in the forecast period of 2021 to 2028 and is expected to reach USD 3876.89 million by 2028. Data Bridge Market Research report on artificial heart market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the incidence of cardiovascular disorders is escalating the growth of artificial heart market.
An artificial heart or total artificial heart is known to be a pump that is surgically installed to deliver circulation and substitute heart ventricles that are damaged or diseased. The ventricles pump the blood out of the heart to the lungs and to the other parts of the body. Machines outside the body control the entrenched pumps, helping blood flow to and from the heart.
Major factors that are expected to boost the growth of the artificial heart market in the forecast period are the growing population that is indulged in smoking. Furthermore, the suitable reimbursement scenarios is further anticipated to propel the growth of the artificial heart market. Moreover, the increase in the geriatric population which will lead to a upsurge in cardiovascular disorders is further estimated to cushion the growth of the growth of the artificial heart market. On the other hand, the strict regulatory scenario is further projected to impede the growth of the artificial heart market in the timeline period.
- In addition, the advancing technologically developed healthcare infrastructure and constant research projects regarding to the international universities and prominent vendors for the development of effective vaccines will further provide potential opportunities for the growth of the artificial heart market in the coming years. However, the rise in the price of procedures might further challenge the growth of the artificial heart market in the near future.
This artificial heart market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the artificial heart market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Artificial Heart Market Scope and Market Size
The artificial heart market is segmented on the basis of type and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them in making strategic decisions for the identification of core market applications.
- On the basis of type, the artificial heart market is segmented into Heart-Lung Machine and Mechanical Heart. Mechanical heart is further sub segmented into total artificial hearts and ventricular assist devices (VADs).
- On the basis of end user, the artificial heart market is segmented into hospitals and clinics, specialty centers and others.
Artificial Heart Market Country Level Analysis
The artificial heart market is analyzed, and market size insights and trends are provided by country, type, and end user as referenced above.
The countries covered in the artificial heart market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Americas dominates the artificial heart market due to the growing incidence of cardiovascular, neurological, and other infections. Furthermore, the rise in the aging population will further boost the growth of the artificial heart market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the artificial heart market due to the large patient pool. Moreover, the rapid adaptation of healthcare technology is further anticipated to propel the growth of the artificial heart market in the region in the coming years.
The country section of the artificial heart market report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The artificial heart market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the artificial heart market, the impact of technology using lifeline curves, and changes in healthcare regulatory scenarios and their impact on the artificial heart market. The data is available for the historic period 2010-2019.
Competitive Landscape and Artificial Heart Market Share Analysis
The artificial heart market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the artificial heart market.
The major players covered in the artificial heart market report are Thoratec Corporation, SynCardia Systems, LLC, Cirtec, BiVACOR Inc., MyLVAD, CARMAT, Jarvik Heart, Inc., Abbott, AbioMed, Cleveland Heart, CryoLife, Inc., Edwards Lifesciences Corporation, Boston Scientific Corporation, Medical Technology Est. and Medical Circle, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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