Heart Transplant Market Expected to Boost The Business by 2023 | Industry Segmentation by Total Artificial Hearts & Ventricular Assist Devices

Heart Transplant Market
The Global Heart Transplant Market is expected to grow at a CAGR of 11.2% during the forecast period of 2017-2023. The Global Heart Transplant Market is segmented on the basis of types and by the end user.

Market Research Future published a half cooked research report on “Global Heart Transplant Market Research Report – Forecast to 2023”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023 .

The Global Heart Transplant Market is accruing owing to the advancements of surgical techniques, immunosuppressive modalities, and postoperative care. Growing prevalence of Heart failures and heart related diseases are boosting the revenues in the heart transplantation sector per year. In recent years, lower availability of donors has prompted significant investments in R&D activities to invent advent technologies and new surgical techniques. These investments in turn are defining the immense growth landscape of the Heart Transplant market.

On the other hand, insufficient availability of suitable donor’s pool is a paramount challenge confronted by the Heart Transplant Industry. Another challenge is complications of a heart transplant such as chances of rejection which basically is immune system’s attacks on transplanted heart. The potential donor heart must be compatible with the recipient’s immune system to decrease the chance of problems with rejection. However, emergence of advent powerful Immunosuppressive Medications that can control the Rejection issues ruling out further chances of acute rejection of organ, this in turn will contribute the Heart Transplant market growth.

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Moreover emergence of the Endomyocardial Biopsy coupled with the new high-tech analysis is expected to boost growth of the Heart Transplant market.

Endomyocardial Biopsy is a simple operation can be performed as an outpatient procedure by the experienced cardiologist, has already achieved the title as ‘the gold standard’ for monitoring rejection. While the high-tech analysis, performed over a mere blood sample is proving to be a very promising process owning to the ease and comfort it offers to patients without the need to go under knife.  This test looks at the expression of specific genes in cells in the blood. The amount of expression of key genes indicates whether or not rejection is occurring. While this method has still not replaced the ‘gold standard’ endomyocardial biopsy, it has certainly minimized the frequency of biopsies for many patients.

Heart Transplant Market Global Market – Segments:

Global Heart Transplant Market is segmented in to 3 Key dynamics for an easy grasp and enhanced understanding.

Segmentation by Surgery Types: Comprises – Ventricular Assist Devices, Total Artificial Hearts and other.

Segmentation by End Users  : Comprises – Hospitals, Cardiac institutes, Research Centers, laboratories and other.

Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.

Heart Transplant Market Top Players:

Heart Transplant Market Key Players: Some of the key players in this market are SynCardia Systems, LLC (U.S.), HeartWare International Inc., Apaxis Medical, Inc., Calon Cardio, Optum Inc. (U.S.), Thoratec Corporation (U.S.), CardiacAssist Inc. (U.S.), CARMAT (France) and others.

Heart Transplant Market Regional Analysis:

The Americas dominate the global heart transplant market owing to well-developed technology, high health care spending, increasing government support for research & development, and increasing patient with coronary artery disease, heart valve disease, and cardiomyopathy. Furthermore, increased R&D activities and the concentration of major companies have fuelled the growth of the market in this region. According to the International Society for Heart and Lung Transplantation in 2016, total heart transplants in the U.S. were performed in patients up to 17 years of age is 444.

Europe holds the second position in the global heart transplantation market owing to the government support for research & development and availability of funds for research. This is expected to continue driving the European market over the forecasted period. For instance, countries like Germany and France are increasing investment in the healthcare domain.

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Asia Pacific is the fastest growing health transplantation market owing to the presence of rapidly developing healthcare technology and high healthcare expenditure. Moreover, lower treatment cost as compared to developed countries attract global patients to the countries like India and China market. Furthermore, increasing demand for quality devices in the healthcare is projected to lead to the use of advanced equipment, which, in turn, is likely to increase the growth of the heart transplantation market in the region.

On the other hand, the Middle East and Africa account for the least market owing to poor political conditions in Africa and limited availability of funds and medical facilities. The Middle East holds the major share of the Middle East & Africa region due to the presence of well-developed countries like Kuwait, Qatar, Oman, and South Arabia.

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