A recent report published by Infinium Global Research on
heart transplant market provides an in-depth analysis of segments and
sub-segments in the global as well as regional heart transplant market. The
study also highlights the impact of drivers, restraints, and macro indicators
on the global and regional heart transplant market over the short term as well
as long term. The report is a comprehensive presentation of trends, forecast
and dollar values of global heart transplant market. According to the report,
the global heart transplant market is projected to grow at a CAGR of 11.1% over
the forecast period of 2019-2025.
A heart transplant is a surgical treatment performed to
remove the diseased heart from a person and replace it with a healthy one from
an organ donor. It is a treatment that is usually reserved for people who have
tried medications or other surgeries, but their conditions haven't improved
appropriately. It is the most effective therapy for patients with end-stage
heart failure and provides a median life expectancy of about 10-15 years.
The increase in the frequency of coronary artery diseases
and heart failure cases are the major driving factor for the heart transplant
market. At present, around 26 million people are living with heart failure
across the world. According to the American Heart Association, 4,600,000 people
have congestive heart failure, and 550,000 new cases of congestive heart
failure are diagnosed each year. The rising number of old aged population and
patients with high blood cholesterol level is recognized as the second most
significant reason for the market growth. Currently, the number of people aged
over 50 years is more than 1.5 billion. They comprise 22% of the world
population, including 32% of the U.S. population and 38% of the European
population. In addition, a refined donor process, updated allocation policy,
and technological advancements are driving the growth of the heart transplant
market and also provides a positive outlook for the growing population of
patients with end-stage heart diseases. The lack of skilled surgeon and a lack
of donor is a major difficulty which will hamper the growth of this market.
However, the research and development in the field of artificial heart and
growing usage of mechanical circulatory support assist devices and other such
devices create opportunities for the growth of the market during the forecast
period.
North America region accounts for the largest heart
transplant market and is anticipated to remain the largest revenue making the region during the forecast period. The high occurrences of cardiac failures,
growing geriatric population and high expenditure on healthcare contribute to
the growth of the heart transplant market in the North America region. Every
year approximately 3500 heart transplants are performed, more than half of
which takes place in the U.S. Europe ranks second in heart transplant market
due to the government support for research and development and availability of
funds for research. Asia-Pacific is the fastest growing health transplant
market due to the presence of fast emerging healthcare technology and high
healthcare costs.
The report on global heart transplant market covers segments
such as surgery type, and end user. On the basis of surgery type, the
sub-markets include total artificial heart, biventricular pacing, ventricular
assist devices, and other surgery types. On the basis of end user, the
sub-markets include hospitals, and cardiac institutes.
The report provides profiles of the companies in the market
such as Abbott Laboratories., ABIOMED, Berlin Heart, BiVACOR Inc., Calon Cardio,
CareDx, Inc, CARMAT, CorWave SA, HeartWare, and Other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of heart
transplant market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.