Artificial Heart Market Overview 2019 Industry Trends, Growth Insight, Size, Share, Competitive Landscape, Regional Statistics, Global Forecast To 2024
Aug 13, 2019
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) - Forecast till 2024
Pune, India - August 13, 2019 /MarketersMedia/ —
Market Research Future (MRFR) announces the publication of its research report –Global Artificial Heart Market, 2019-2024. The global artificial heart market held a market value of 1.2 billion in 2017 and is projected to grow at a CAGR of 15.1% over the forecast period. Artificial Heart is a prosthetic device that is implanted into the body to provide circulation and replace heart ventricles that are diseased or damaged. The growing demand for the artificial heart is due to factors such a rising burden of cardiovascular disorders, and the rising volume of the older patient population with end-stage heart failure.
Additionally, the rising smoking population, along with favorable reimbursement scenarios, is driving the growth of the market. For instance, according to the United Nations, the older population is likely to reach 425 million by 2050. This rise in the aging population will lead to a rise in cardiovascular disorders as this population is highly prone to various chronic disorders and is at a higher risk of developing complications which are also likely to drive the market.
However, stringent regulatory scenario, along with the high cost of procedures, are the key factors limiting the growth of the market.
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Currently, the global artificial heart market is dominated by numerous prominent players. The key players in the market are engaged in acquisitions and funding to strengthen its market position. For instance, in 2018, CARMAT, a leading medical device company offering long term solutions for patients suffering from end-stage heart failure, received 30 million Euro from the European Investment Bank for the marketing process.
On a regional basis, the global artificial heart market in the Americas is segmented into two major regions, i.e., North America and Latin America. The North American region is likely to hold the major share in the region is due to owing to increasing geriatric population, high incidence of various diseases, a large number of diagnostic imaging centers and procedures in this region. Furthermore, ongoing research activities, fast adoption of technologically advanced imaging systems, and increasing awareness of the benefits of early diagnosis of diseases are driving the growth of the market.
The global artificial heart market has been segmented into type, and end user.
By type, the market has been segmented into the heart-lung machine and mechanical heart. The mechanical heart is further segmented into total artificial hearts and ventricular assist devices (VADs). The mechanical heart segment is expected to register the highest CAGR during the forecast period due to growing demand.
On the basis of end user, the market has been segmented into hospitals & clinics, specialty centers, and others.
Some of the prominent players in the global artificial heart market are SynCardia Systems, LLC, BiVACOR Inc., CARMAT, Cleveland Heart, Inc., ABIOMED, CryoLife, Inc., Abbott, and Thoratec Corporation.
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
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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 Info:
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Email: Send Email
Organization: Market Research Future
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India
Phone: 6468459312
Website: https://www.marketresearchfuture.com/reports/artificial-heart-market-7985
Source: MarketersMedia
Release ID: 88907680
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