Global heart transplant market is expected to reach USD XX.XX Million by 2025, at a CAGR of 11.72% from 2018 to 2025. The growing incidence of cardiovascular diseases triggered due to changing lifestyle and dietary habits are anticipated to be the major driving forces for the market growth.
Heart transplant surgery has come forward as a viable therapeutic surgical intervention strategy for patients with terminal heart diseases. It has the potential to provide extended and improved life to the afflicted patient. A heart transplant is considered to be the option of last resort. In such cases, a person’s malfunctioning heart is replaced with a healthy heart donated by a deceased person. The increasing prevalence of coronary artery diseases and heart failure are providing a major boost to the market.
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- The base year for the study has been considered 2017, the historic year 2015 and 2016 and, the forecast period considered is from 2018 to 2025. The global heart transplant market is analyzed by value (USD Million)
- The study delivers a comprehensive analysis of the global heart transplant market by surgery type, end user and regions. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.
- Porter’s Five Forces model is used to recognize the competitive scenario in the global heart transplant market. This report incorporates the industry analysis which is focused on providing an extensive view of the heart transplant market.
- The study also includes attractiveness analysis of surgery type, end user and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
- The report provides company profile of the key players operating in the heart transplant market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
- The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.
- Prevalence of cardiovascular diseases
- Improvement in healthcare facilities
- Risk of the transplanted heart being rejected by the body
- Lack of adequately skilled surgeons
- The high cost of treatment
- Improvement in artificial heart technology
- Rising geriatric population
- Increasing investment in research and development activities
- Shortage of organ donors
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Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. Owing to rising research and development activities, government support and presence of excellent healthcare facilities,North America region emerged as the leader in global heart transplant market with USD XX.XX million revenue in 2017. Factors such as growingoutlay on healthcare, developmentof healthcare facilities, as well as rise of medical tourism industry are anticipated to boost Asia Pacific region to grow at the highest CAGR of 14.06% over the forecast period.
Major players in the global heart transplantmarket are SynCardia Systems, LLC, HeartWare International Inc, Apaxis Medical, Inc, Calon Cardio, OptumInc, Thoratec Corporation, CardiacAssistInc, CARMAT, Corwave SA, ABIOMED, Inc, Abbott Laboratories, Berlin Heart GmbH, CareDx, Inc, Medtronic, among others.
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