Heart Transplant Market Overview
The heart transplant market is gaining mileage as technological advancements are making way for more successful cases of a heart transplant. The process includes a surgery that replaces a diseased heart with a healthy one from a deceased donor. It extends the lifespan of the patient and improves the quality of life. A fittingfollow up care can ensure better the chance of survival. Primarily triggered by coronary artery disease, heart valve disease, congenital heart defects, and amyloidosis, a heart transplant is fast-becoming a solution preferred by both physicians and patients. The heart transplant market value is registered as USD 9,926.86 million and is expected to reach a significant rate of 10.10% with market size of USD 15,813.98 million during the forecast period 2022-2030.
he report published encompasses segmental analysis, market factors, and expert inputs for a better understanding of the Heart Transplant Market in the future. Technological advancement in both surgery and storage of heart can be considered asignificant market driver. At the same time, government initiatives regarding the procedure are commendable. The assistance comes in the form of safe transportation and investment in technological upgradation. However, the primary factor is always the ailing condition of the heart caused by environmental and health-related issues.
Despite such factors providing a tailwind to the heart transplant market, the heart transplant market can get bogged down by the high expenses attached to it. Availability of the heart is also an issue which can put a leash on the heart transplant market.
Heart Transplant Market Segmentation
On the basis of type, the global heart transplant market has been segmented into total artificial hearts, ventricular assist devices, and others.
On the basis of end-user, the heart transplant market has been segmented into cardiac institute, hospital, and others.
Heart Transplant Market Regional Analysis
Region-specific analysis of the heart transplant market revolves around the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).
The Americas has the edge over the rest owing to their technological brilliance, high health care expenditure, increasing government support for research & development, and better healthcare policies to support the surgical procedure. The U.S. is contributing significantly to the regional market.
Europe’s second position can be considered a result of the government support for research & development. Countries such as Germany, the U.K.,and France are substantially contributing in the regional market by increasing their investment in the healthcare domain.
The APAC is the fastest growing market in the transplantation sector. The credit goes to the evolving healthcare technology and rising healthcare expenditure with substantial investment in policies. Furthermore, the region is drawing in global patients by offering lower investment plans. At the same time, increasing demand for superior technology can boost the regional market assertively.
The MEA market, on the other hand, can expect some setbacks owing to the presence of poor economies with under-developed healthcare infrastructure. The Middle East region has several economically strong countries such as Saudi Arabia, Qatar, Dubai, and others who are revamping their healthcare system which can assist in fetching more revenue for the regional market.
Competitive Analysis:
heart transplant market Players are HeartWareInternational Inc.(U.S.), Optum Inc. (U.S.), Apaxis Medical, Inc.(U.S.), Calon Cardio (U.K.), SynCardia Systems, LLC (U.S.), Thoratec Corporation (U.S.), CARMAT (France) CardiacAssist Inc. (U.S.), and others.
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