About Artificial Heart
An Artificial heart is device that replace original heart and it perform like original heart. It can be consider as prosthetic device fixed into the body to substitute the organic mammalian heart. Person can live with artificial heart from a few weeks to more than one year. Risk associated with treatment for artificial heart implementation because it can lead to bleed and infection.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Artificial heart market is a fragmented market due to the presence of various players. companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Artificial Heart market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
SynCardia Systems (United States), BiVACOR (United States), CARMAT (France), Abbott (United States), Cleveland Heart (United States), AbioMed (United States), Jarvik Heart (United States), Cirtec Medical Systems (United States), Thoratec Corporation (United States), Boston Scientific Corporation (United States) and Braile Biomedica (Brazil) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Colibri Heart Valve LLC (United States), Cryolife Inc. (United States), Edwards Lifesciences Corporation (United States), Heart Leaflet Technology (United States), Jenavalve Technology Inc.(Germany) and Leman Cardiovascular (Switzerland).
Segmentation Overview
AMA Research has segmented the market of Global Artificial Heart market by Type (Ventricular Assist Device (VAD) and Total Artificial Heart), Application (Healthcare) and Region.
On the basis of geography, the market of Artificial Heart has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Hospitals will boost the Artificial Heart market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Awareness about New Technological Innovations and Government Initiation towards Providing Funds for Treatment of Heart Dieses
Market Growth Drivers:
Rising Mortality Ratio Due To Cardiovascular Diseases, Unhealthy Lifestyle and Undesirable Atmospheric Conditions
Challenges:
Need of Skilled Cardiac Specialist and Threat of Substitution by using Alternative Methods
Restraints:
Expensive Treatment, Risk Associated With Transplant Procedure and Strict Regulatory Approvals
Opportunities:
Increasing Healthcare Infrastructure in Emerging Nations
Market Leaders and their expansionary development strategies
In April 2023, SynCardia Systems, LLC, mechanical heart replacement technology provider merge with Altitude Acquisition Corp and become publicly traded company. After this agreement, altitude renamed to Picard Medical holding INC. this merge helped SynCardia Systems, LLC. to expand its presence in artificial heart market
On 1st August 2018, CARMAT the designer and developer of the world's most advanced total artificial heart project has announced successful transplant of a donor heart in the first international patient implanted with the CARMAT heart in October 2017. and On 29th May 2018, Boston Scientific Europe has launched the HeartLogic™ Heart Failure Diagnostic in Europe. It provides a diagnostic tool that enables proactive heart failure (HF) care.
Key Target Audience
Artificial heart Suppliers, Artificial heart Manufacturers, Research Laboratories, Medical Devices Industries, Medical Institutes, Government Research Centre and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.